Energy Update
BERLIN, Nov 9 (Reuters) - German Economy Minister Sigmar
Gabriel, a Social Democrat, on Tuesday blocked a tentative
agreement on a climate action plan that aims to reduce the
country's CO2 emissions by 55 percent by 2030, amid concerns
raised by a mining union, government officials said.
LAUNCESTON, Australia, Nov 9 (Reuters) - The sharp drop in
China's crude oil imports in October can be ascribed to a
combination of factors, but one of them should be a red flag to
OPEC, threatening the success of any deal to curb production.
SINGAPORE, Nov 9 (Reuters) - U.S. oil prices dipped early on
Wednesday, weighed by a report of rising crude inventories, but
trading was timid as the market was watching the first key U.S.
exit polls being released.
Saipem has been awarded new contracts and change orders in the E&C offshore segment. The overall amount of the contracts is about $1bn.
Bibby Offshore, the subsea services provider to the oil and gas industry, has been awarded two contracts from Shell to provide inspection services on assets in the Corrib Natural Gas field in the North Atlantic Ocean.
HOUSTON, Nov 8 (Reuters) - The Oklahoma Corporation
Commission (OCC) on Tuesday said it was implementing an action
plan that shuts or reduces volumes from 58 wastewater disposal
wells in the Arbuckle formation of Oklahoma following Sunday's
magnitude 5.0 earthquake.
Nov 8 (Reuters) - The Los Angeles County Board of
Supervisors said on Tuesday it would vote on Nov. 9 on a motion
calling on California Governor Jerry Brown to continue
restricting natural gas injection into Southern California Gas's
Aliso Canyon storage facility.
BUENOS AIRES, Nov 8 (Reuters) - Argentina's state-controlled
oil firm YPF recorded a net loss of 30.26 billion
pesos ($1.97 billion) in the third quarter and revenue of 55.8
billion pesos ($3.64 billion) during the three-month period, the
company said on Tuesday.
Chile's Schwager Energy and China-based Shenyang Yuanda Commercial & Investment Co. signed a memorandum of understanding on Nov. 3 to build the 3-MW Los Pinos run-of-the-river hydroelectric plant in southern Chile's Lagos region, according to BN Americas.
Energy storage solutions provider AES Corp. on Nov. 7 launched an open innovation contest targeted at improving the safety and increasing availability of power plants through unmanned inspections in extreme heat.
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