Energy Update
CARACAS, Nov 4 (Reuters) - Venezuelan state oil company
PDVSA on Friday announced financing deals totaling nearly $1.45
billion with local firm Delta Petroleum and India's ONGC
that will be used to raise production at joint venture
operations.
MILAN, Nov 4 (Reuters) - Asian spot liquefied natural gas
(LNG) prices rose this week on the back of rallying gas
benchmarks in Europe and a production outage in Angola.
NEW DELHI, Nov 4 (Reuters) - India's Reliance Industries Ltd
is to contest a $1.55 billion fine imposed by the
government on the company and its partners for selling gas
belonging to the blocks of Oil and Natural Gas Corp,
Reliance said in a statement.
SAO PAULO, Nov 4 (Reuters) - State-run oil company Petrobras
could receive as much as $20 billion from the
Brazilian government in compensation for a fall in oil prices
since an oil-for-stock swap in 2010, newspaper Folha de S. Paulo
said on Friday.
NEW YORK, Nov 4 (Reuters) - Pump prices in some southeastern
states in the U.S. ticked up further on Friday after Colonial
Pipeline Co delayed by a day to Sunday the restart of
its main gasoline line that was damaged by a fatal explosion in
Alabama on Monday.
Nov 4 (Reuters) - Institutional Shareholder Services (ISS)
gave a boost to Tesla Motors' plan to buy solar panel
installer SolarCity for more than $2 billion by
recommending that shareholders of both companies vote for the
deal, the advisory firm said on Friday.
(Adds milestones, details, background)
NEW YORK, Nov 4 (Reuters) - U.S. crude oil exports rose to
about 692,000 barrels per day in September, the highest on
record, from about 657,000 bpd in the previous month, foreign
trade data from the U.S. Census Bureau showed on Friday.
Canada took in the most exports at 243,000 bpd, followed by
Singapore at 99,000 bpd. Exports to Europe were also high, with
LONDON, Nov 4 (Reuters) - Libya's $67 billion sovereign
wealth fund will turn to the UK Court of Appeal, a source said
on Friday, after a high court judge denied it permission to
appeal her judgment in a $1.2 billion case against Goldman
Sachs.
LONDON, Nov 4 (Reuters) - As Saudi Arabia prepares for the
world's biggest initial public offering (IPO), memoirs from its
former oil minister Ali al-Naimi offer a rare insight into
decades of domestic infighting over the future of state-run
Saudi Aramco.
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