Energy Update
HOUSTON, Oct 28 (Reuters) - Unpaid debts and broken promises
are making Venezuelan oil giant PDVSA an outcast in several
Caribbean countries where it had been a guest of honor.
(Fri, 28 Oct 2016) Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million barrels per day (b/d) in 2015. Deepwater production, or production in water of depths greater than 125 meters, has increased 25% from nearly 7 million b/d a decade ago.
CARACAS, Oct 27 (Reuters) - Venezuela's top court on
Thursday approved an injunction against a congressional probe
that found Rafael Ramirez, the former president of state oil
company PDVSA, was responsible for corruption and malfeasance
that cost the firm $11 billion.
SINGAPORE, Oct 28 (Reuters) - Oil prices dipped early on
Friday, weighed down by lingering doubts over whether OPEC can
coordinate a crude production cut big enough to rein in
oversupply that has dogged markets for two years.
CARACAS, Oct 27 (Reuters) - Venezuela's top court on
Thursday approved an injunction against a congressional probe
that found Rafael Ramirez, the former president of state oil
company PDVSA, was responsible for corruption and malfeasance
that cost the firm $11 billion.
Oct 27 (Reuters) - General Electric Co has approached
No. 3 oilfield services provider Baker Hughes Inc to
discuss the possibility of an acquisition, according to a person
familiar with the matter.
Sungrow announced that the world’s largest PV & energy storage microgrid power plant with 13 MW of PV inverters and 7 MW of energy storage inverters, was installed in Shuanghu, China.
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