Energy Update
SINGAPORE, Sept 20 (Reuters) - Oil prices fell on Tuesday
after Venezuela said that global crude supplies needed to fall
by 10 percent in order to bring production down to consumption
levels, confirming analyst views that markets remain heavily
oversupplied.
French engineering firm Technip has received an engineering procurement and construction (EPC) contract from UAE's Emirates National Oil Company (Enoc) for new processing and ancillary units as part of $1bn Jebel Ali refinery expansion project.
Honeywell UOP introduced a new software-based service designed to allow refiners and petrochemical and gas processing plants to improve performance.
NEW YORK, Sept 19 (Reuters) - U.S. industrial conglomerate
General Electric Co will invest $10 billion in Argentina over
the next decade, Vice Chairman John Rice said on Monday, the
latest foreign company to announce new plans since President
Mauricio Macri took office.
Sept 19 (Reuters) - Tesla Motors Inc said on Monday
its proposed acquisition of SolarCity Corp could be
delayed because of shareholder lawsuits alleging board members
breached their fiduciary duty, the latest hurdle to a $2.6
billion deal.
SAN FRANCISCO, Sept 16 (Thomson Reuters Foundation) -
G reater support from the public, governments and investors is
needed to boost the work of entrepreneurs using business for
social good, said industry activists and organizers after a
Thomson Reuters Foundation poll highlighted these as key issues.
China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch $3 billion, according to people with knowledge of the matter.
ONITSHA, Nigeria, Sept 19 (Reuters) - Militants have blown
up a crude oil pipeline operated by Nigeria's state oil firm
NNPC in the Niger Delta, a group claiming responsibility for the
attack and a youth leader said on Monday.
MEXICO CITY, Sept 19 (Reuters) - Hurricane Paine
strengthened off Mexico's Pacific coast on Monday, though the
storm is forecast to weaken substantially before reaching land
later this week, the National Hurricane Center (NHC) said.
Sept 19 (Reuters) - More wells passed safety inspections at
the Aliso Canyon natural gas storage facility in Los Angeles,
Southern California Gas Co said on Monday, but the company has
more work to do before it can inject gas into the giant field
the utility shut last fall due to a massive methane leak that
was not plugged until February.
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