Energy Update
MILAN, Oct 28 (Reuters) - Italian oil major Eni
stuck to its targets on Friday, despite reporting a
worse-than-expected net loss in the third quarter as a result of
lower oil prices and a domestic production shutdown.
LONDON/JOHANNESBURG, Oct 27 (Reuters) - Shares in Anglo
American are up more than 200 percent this year, like
prices of the coking coal it mines, and yet the group is
sticking to an overhaul accelerated when commodity markets were
rock bottom and it was in deep trouble.
PARIS, Oct 28 (Reuters) - French oil and gas major Total
on Friday reported a better than expected third
quarter net profit thanks to increased output from new projects
and costs savings and despite a fall in refining margins in
Europe and the prolonged downturn in a volatile oil market.
ANKARA, Oct 28 (Reuters) - The flow of Iranian natural gas
to Turkey halted after an explosion hit a gas pipeline in
eastern Turkey, a senior Iranian official told Iran's
semi-official news agency Tasnim on Friday.
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.
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