Energy Update
SINGAPORE, Sept 8 (Reuters) - One of the enduring features
of oil markets is a tendency to over-analyse and interpret every
word uttered by the various players, with the current debate
over a mooted output freeze being the latest case in point.
YENAGOA, Nigeria, Sept 8 (Reuters) - The father of a former
Nigerian militant leader has died after sustaining injuries
during a government military campaign aimed at halting attacks
on infrastructure in the oil-producing Delta region, his
spokesman said late on Wednesday.
Maersk Drilling has been awarded a contract for the jack-up rig Mærsk Gallant with Maersk Oil.
Tekmar Energy (TEL) and Subsea Innovations (SIL) signed a strategic collaborations agreement to collaborate in sales, product development and strategic initiatives towards cost and risk reduction in both OWF cabling equipment and O&G SURF and pipeline ancillaries.
TIPUTINI, Ecuador, Sept 7 (Reuters) - Ecuador began drilling
for oil on Wednesday near an Amazon nature reserve known as
Yasuni, a site that President Rafael Correa had previously
sought to protect from development and pollution under a
pioneering conservation plan.
SAN FRANCISCO, Sept 7 (Reuters) - Tesla Motors Inc
said on Wednesday it had entered into an agreement with Deutsche
Bank whereby the electric car maker can borrow up to $300
million for its vehicle leasing program, part of a broader
effort to bolster the company's finances.
CANNON BALL, N.D./WASHINGTON, Sept 7 (Reuters) - A Native
American tribe's efforts to halt construction of a crude oil
pipeline in North Dakota have swelled into a movement, drawing
international attention and the support of movie stars and
social media, and making a major oil company blink.
Sept 7 (Reuters) - U.S. crude stocks surprisingly plunged
more than 12 million barrels last week, data from industry group
the American Petroleum Institute showed on Wednesday, boosting
the price of oil.
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