Energy Update
TOKYO, Sept 6 (Reuters) - Brent crude prices were steady on
Tuesday, holding most of their gains from the previous session
when top producers Russia and Saudi Arabia agreed to cooperate
on stabilising the oil market.
LONDON, Sept 5 (Reuters) - U.S. gasoline stockpiles remain
at record highs for the time of year but excess inventory is
smaller than it appears once adjusted for the higher level of
domestic consumption and exports.
BRASILIA, Sept 5 (Reuters) - Brazil on Monday banned IESA
Oil & Gas from government work for paying bribes, the
third construction and engineering company barred in the massive
graft and political kickbacks scandal involving contracts with
state oil company Petrobras.
SHANGHAI, Sept 6 (Reuters) - The northern Chinese province
of Shanxi, the country's biggest coal producing region, has
awarded 947.78 million yuan ($142 million) to six major coal
enterprises this year for shutting down surplus capacity, one of
the firms said late on Monday.
Veresen Midstream has secured $650 million of new credit facilities which will be primarily used to fund Veresen Midstream's contracted capital projects under construction, including the Sunrise, Tower and Saturn processing facilities.
HOUSTON/NEW YORK, Sept 5 (Reuters) - Saudi Aramco
and its U.S. refining joint-venture Motiva
Enterprises lead the race to buy LyondellBasell
Industries Houston refinery, according to three sources
familiar with the matter.
KINSHASA, Sept 5 (Reuters) - Gabon's sole oil refinery in
Port Gentil reopened on Monday after a five-day outage because
of violence following the disputed Aug. 27 presidential
elections, Sylvain Mayabi, secretary-general of the National
Organization of Petrol Employees, told Reuters.
BOGOTA, Sept 5 (Reuters) - A leftist rebel bomb attack has
halted pumping operations along Colombia's second most important
oil pipeline, the Cano-Limon Covenas, state oil company
Ecopetrol said on Monday.
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