Energy Update
TORONTO, Oct 25 (Reuters) - Canada's main stock index fell
on Tuesday in a broad retreat led by energy stocks as oil prices
weakened, while gold miners offset the losses as bullion hit a
near three-week high.
ZURICH/CARACAS, Oct 25 (Reuters) - Switzerland has
transferred about $51 million in formerly frozen assets to the
United States in connection with an investigation into alleged
corruption at Venezuela's state oil company PDVSA, authorities
said on Tuesday.
HOUSTON, Oct 25 (Reuters) - Upstart oil company Energy
Hunter Resources Inc said on Tuesday it plans to hold an initial
public offering in November, only six months after founder Gary
Evans left as chief executive of his previous company when it
exited bankruptcy.
The governments of Nepal and Bangladesh have signed an agreement to build two pumped-storage hydropower plants with a total capacity of more than 1,600 MW in Nepal, according to the Kathmandu Post.
MILAN, Oct 25 (Reuters) - Italian oil contractor Saipem
will cut 800 more jobs across Europe in the next four
years as part of a plan to cope with a prolonged market crisis
that will trim revenues next year.
CARACAS, Oct 25 (Reuters) - Venezuela's opposition-led
National Assembly voted on Tuesday to open a political trial
against President Nicolas Maduro for violating democracy, but
the socialist government dismissed the move as meaningless.
LIBREVILLE, Oct 25 (Reuters) - Oil workers will end a strike
at French firm Maurel and Prom's Onal field in Gabon
on Wednesday after a deal was reached to reinstate dismissed
personnel, according to the agreement, which was seen by Reuters
on Tuesday.
SOFIA, Oct 25 (Reuters) - Bulgaria's energy ministry said on
Tuesday an upgrade of one of the Soviet-era reactors at the
country's sole Kozloduy nuclear plant had been completed,
extending its lifespan by 30 years.
SAO PAULO/FRANKFURT, Oct 25 (Reuters) - Ternium SA
has resumed negotiations to buy ThyssenKrupp AG's
money-losing Brazilian steel mill CSA Cia Siderúrgica do
Atlántico SA, months after talks broke down because of legal and
environmental concerns, three people familiar with the matter
said on Tuesday.
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