Energy Update
MOSCOW, Sept 22 (Reuters) - Russia's plan to top up its
sovereign Eurobond issue, raising an additional $1.25 billion,
is not linked to the government's privatisation programme,
Russian Economy Minister Alexei Ulyukayev said on Thursday.
The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.7 million b/d, to around 980,000 b/d this year) and producers are pulling out of the region to focus their efforts elsewhere.
(Thu, 22 Sep 2016) Increased production of ethane in the United States has led to increased ethane exports, first by pipeline to Canada and more recently by tanker to overseas destinations. Ethane is used domestically and internationally as a key feedstock for plastics production and other industrial uses.
According to the National Hydropower Association, one of the best power sources to tap in the United States are non-powered dams.
SINGAPORE, Sept 22 (Reuters) - Marine logistics firm Marco
Polo said it has substantial doubt about being able to
continue as a going concern due to a cash crunch, as it sought
noteholders' approval to defer redeeming bonds worth S$50
million ($37 million) by three years.
CARACAS, Sept 21 (Reuters) - Venezuela's national election
board on Wednesday dashed opposition hopes of holding a
referendum this year to remove unpopular socialist President
Nicolas Maduro.
CARACAS, Sept 21 (Reuters) - Venezuela's national election
board said on Wednesday a referendum sought by the opposition to
remove unpopular socialist President Nicolas Maduro could be
held in early 2017 if enough signatures are gathered to request
it.
SINGAPORE, Sept 22 (Reuters) - Oil prices extended gains
from the previous session in Asian trading on Thursday after a
surprise third consecutive weekly U.S. crude inventory draw
tightened the market.
NEW YORK, Sept 21 (Reuters) - Colonial Pipeline Co
said its main gasoline line, Line 1, was safely
restarted and returned to service on Wednesday after its biggest
leak in nearly two decades squeezed supply and led to increased
prices at the pump in the Southeast United States.
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