Energy Update

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LIMA, Oct 18 (Reuters) - China National Petroleum
Corporation Corp likely has 3-4 trillion cubic feet
of proven natural gas reserves in an energy block it operates in
southern Peru, Peru's president said Tuesday.

Prospex Oil and Gas has secured approval from the Ministry of Environment to drill the Boleslaw-1 well in the 1,150km2 Kolo license, onshore Poland.

Williams Partners and Crestwood Equity Partners, as 50/50 joint venture partners in the Bucking Horse natural gas processing plant and Jackalope Gas Gathering System, announced they have signed an agreement with Chesapeake Energy Corporation to restructure natural gas gathering and processing services in Wyoming’s Powder River Basin.

MONROVIA, Oct 18 (Reuters) - Exxon Mobil Corp will
start drilling its first exploratory well off the coast of
Liberia in November, the world's largest publicly traded oil
company said on Tuesday.

CHICAGO, Oct 18 (Reuters) - A leading bankrupt subsidiary of
Abengoa SA won U.S. court approval on Wednesday to join
a $10 billion debt-restructuring agreement in Spain, a week
before a deadline for the renewable energy firm to secure
creditor support for the plan.

Oct 18 (Reuters) - John Stumpf resigned from the boards of
Chevron Corp and Target Corp a week after he
quit Wells Fargo & Co as chief executive bowing to
pressure over its sales tactics.

CALGARY, Alberta, Oct 18 (Reuters) - Laurentian Bank of
Canada, the country's seventh-biggest lender, is setting
up an energy investment banking team in Calgary, Alberta's oil
capital, a bank official said on Tuesday.

The solar industry is booming, and there’s a lot to keep track of. From system configuration to energy storage, O&M (Operations and Maintenance) and beyond, the job of Franklin Beach Energy’s Managing Director Carter Wall is never really done. Sustainable woman Carter discusses her career, trends in solar, tips for contractors, faulty O&M contracts, preventative maintenance and workforce diversity.

BOGOTA, Oct 18 (Reuters) - Two dozen fighters from the
leftist ELN rebels have surrendered voluntarily to the Colombian
navy, the military said on Tuesday, in a sign the group may be
losing strength as it prepares to begin peace talks with the
government.

CARACAS, Oct 18 (Reuters) - Venezuela has tapped its
vice-minister for hydrocarbons to be the South American
country's new governor to OPEC, as the recession-hit country
pushes for a deal to push up oil prices.

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