Energy Update
TORONTO, Oct 20 (Reuters) - Canada's main stock index
steadied on Thursday after hitting a near 16-month high the
previous day as gains in financial stocks helped offset mining
stocks weighed by a pullback in gold prices.
WASHINGTON, Oct 20 (Reuters) - The U.S. Treasury Department
took action on Thursday to disrupt the operations and
fundraising of the Iranian-backed Hezbollah organization,
imposing sanctions on four people believed to be Hezbollah
financiers and one firm, Global Cleaners SARL.
WASHINGTON, Oct 20 (Reuters) - A deal by a state-owned
Russian oil company Rosneft and others to buy India's Essar Oil
for $12.9 billion does not run afoul of U.S. sanctions on
Russia, the State Department said.
ABU DHABI, Oct 20 (Reuters) - The United Arab Emirates'
nuclear energy project has completed a $24.4 billion financing
for its first plant with most of the cash coming from state
sources, the developers said on Thursday.
TEHRAN/ISTANBUL, Oct 20 (Reuters) - Two years after Iran
pledged to open up its oil industry in anticipation of the
lifting of sanctions, foreign companies say they still have
little information about Iranian oil fields and contract terms,
hindering investment decisions.
LIBREVILLE, Oct 20 (Reuters) - A strike in Gabon by oil
workers at French company Maurel and Prom has cut
production from the Onal field to 10,000 barrels per day from
28,000 bpd normally, according to a statement from the oil
ministry late on Wednesday.
Dormant corporate properties are low-hanging fruit for corporate procurement. The corporate owner already has the liability for the underlying contamination. Provided the owner is sufficiently creditworthy and willing to indemnify the developer and EPC contractor, the path forward for clean energy development is open.
Another year, another London Bullion Market Association conference, and this year was full of what HSBC senior analyst James Steel described as “restrained optimism.”
The shipping industry is meant to epitomize the word “globalization” but not in the true sense of the word, as shipping companies deal with the continuous onslaught of environmental and financial regulations.
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