Energy Update
TOKYO, Sept 23 (Reuters) - Japan plans to rush through a
bill to provide more financial muscle for its companies to
compete for global energy assets, just as other resource-hungry
Asian economies such as China and India are also looking to snap
up depressed oil assets.
(Fri, 23 Sep 2016) Production of oil and natural gas in the Appalachian Basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012. Monthly natural gas production from Utica wells increased from 0.1 billion cubic feet per day (Bcf/d) in December 2012 to more than 3.5 Bcf/d in June 2016. Oil production increased from 4,400 barrels per day (b/d) to nearly 76,000 b/d over the same period.
BEIJING, Sept 23 (Reuters) - China said on Friday it is
slapping anti-dumping duties on U.S. distillers' dried grains
(DDGS) shipped by some of the biggest suppliers of the animal
feed ingredient, including Louis Dreyfus and Archer
Daniels Midland.
CARACAS, Sept 22 (Reuters) - Foes of Venezuelan President
Nicolas Maduro vowed on Thursday to push for a recall referendum
against him this year, defying the country's election authority
which said any vote to remove the unpopular socialist leader
could not take place until early 2017.
CARACAS, Sept 22 (Reuters) - Venezuelan state oil company
PDVSA on Thursday said its lease of Curacao's Isla refinery was
not up for negotiations yet, days after the island announced a
preliminary deal with China's Guangdong Zhenrong Energy to
operate the complex.
NEW YORK, Sept 22 (Reuters) - The United States and Russia
failed to agree on how to revive a ceasefire in Syria on
Thursday as U.S. Secretary of State John Kerry said Washington
cannot be the only one trying to hold open the door to peace and
urged Russia and the Syrian government to do their part.
Sept 22 (Reuters) - Texas regulators voiced "deep concern"
on Thursday over some terms of NextEra Energy Inc's
$18.4 billion acquisition of reorganized Energy Future Holdings
Corp, the owner of an 80 percent stake in electricity
transmission and distribution company Oncor Electric Delivery
Co.
WINNIPEG, Manitoba, Sept 22 (Reuters) - Aboriginal tribes
from Canada and the northern United States signed a treaty on
Thursday to jointly fight proposals to build more pipelines to
carry crude from Alberta's oil sands, saying further development
would damage the environment.
ACCRA, Sept 22 (Reuters) - The World Bank will provide up to
$500 million to Ghana in the form of a partial risk guarantee
for use if the country defaults on payments for gas from the
Sankofa field, the state oil company said on Thursday.
WASHINGTON, Sept 22 (Reuters) - Native American tribes took
their fight to Washington on Thursday to stop development of a
$3.7 billion oil pipeline, as Democrats in the U.S. Congress
urged the federal government to scrap construction permits and
reconsider the project.
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