Energy Update
LONDON, Oct 21 (Reuters) - While no steel maker will be
happy with the explosion in coking coal prices, Chinese mills
are the best placed to deal with the impact, given they are
nowhere near as exposed to spot prices as competitors in the
rest of Asia and Europe.
Wood Group has secured a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company (HMDC).
ClearSign Combustion (ClearSign), a provider of industrial combustion technologies that help to reduce emissions and improve efficiency, announced the completion and customer acceptance, and payment for its Duplex retrofit heater project at Tricor Refining in Bakersfield, California.
SYDNEY, Oct 22 (Reuters) - An Australia court overturned on
Saturday government approval of a A$130 million fuel depot and
port at Port Melville, off the country's north coast, handing a
major victory to environmental activists.
DOHA, Oct 23 (Reuters) - The king of Saudi Arabia, the
world's largest oil exporter, met Venezuela's president on
Sunday in Riyadh and discussed ways to stabilise global oil
prices, state news SPA reported.
BAGHDAD, Oct 23 (Reuters) - Iraq should be exempt from OPEC
crude output restrictions as it needs the income to fight the
war on Islamic State, Oil Minister Jabar Ali al-Luaibi said on
Sunday.
PARIS, Oct 23 (Reuters) - French utility Engie said it had
not made a decision on the future of the Hazelwood power station
in Australia after a French newspaper said its board had decided
to shut the coal-fired plant.
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