Energy Update
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.
Oct 27 (Reuters) - General Electric Co is in talks to
buy oilfield services provider Baker Hughes Inc, the
Wall Street Journal reported on Thursday, citing people familiar
with the matter. (http://on.wsj.com/2eVuf8x)
VANCOUVER, Oct 27 (Reuters) - Canadian aboriginal and
environmental groups filed lawsuits on Thursday seeking to
overturn government approval of a $27 billion liquefied natural
gas project led by Malaysia's Petronas, that they say will hurt
the environment and destroy crucial salmon habitat.
Oct 27 (Reuters) - Sanchez Energy Corp is in talks to
partner with Blackstone Group LP on a deal to buy
Anadarko Petroleum Corp's assets in South Texas, the
Wall Street Journal reported.
Oct 27 (Reuters) - Police in North Dakota began clearing a
group of Native American and environmental protesters from an
encampment near an oil pipeline construction site on Thursday in
a move that could escalate tensions in a standoff that has
lasted several months.
MOSCOW, Oct 27 (Reuters) - Russia's largest oil producer
Rosneft said on Thursday it had asked peer Lukoil
to cancel a crude oil purchasing contract with
Bashneft, which RBC daily put at 400 billion roubles ($6.4
billion).
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