Energy Update
SINGAPORE, Aug 25 (Reuters) - The collapse of an oil
services company and the deterioration in the finances of some
other energy firms have exposed structural cracks in the
Singapore dollar corporate bond market.
French energy engineering company Technip has signed an agreement with Dutch company BTG BioLiquids (BTL) to design and build the pyrolysis plants for biomass-to-oil production.
SAO PAULO, Aug 25 (Reuters) - A voluntary layoff program at
state-run oil company Petroleo Brasileiro SA has been
accepted by 6,100 employees, a source with direct knowledge of
the matter told Reuters.
WASHINGTON, Aug 25 (Reuters) - A U.S. Navy ship fired
warning shots toward an Iranian fast-attack craft that
approached two U.S. ships, a Pentagon spokesman said on
Thursday, in the most serious of a number of incidents in the
Gulf area this week.
NEW YORK/HOUSTON, Aug 25 (Reuters) - LyondellBasell
Industries NV has retained Bank of America Merrill Lynch
to help with the potential sale of its 263,776
barrel-per-day refinery in Houston, according to two people
familiar with the talks.
CALGARY, Alberta, Aug 25 (Reuters) - A deepwater oilfield
off the coast of eastern Canada could hold 25.5 billion barrels
of crude, according to a new seismic report by the Newfoundland
and Labrador government, potentially making it the country's
largest offshore resource.
Grid-scale energy storage will move closer to commercial reality on Friday when the U.K.’s grid operator offers contracts to companies to help balance the network, a key measure needed to help balance increasing supply from renewables.
WASHINGTON, Aug 25 (Reuters) - A U.S. Navy ship fired three
warning shots after an Iranian fast-attack craft approached and
circled two U.S. Navy ships and a Kuwaiti vessel in the northern
Gulf on Wednesday, CNN reported on Thursday.
WASHINGTON, Aug 25 (Reuters) - The intention of four Iranian
vessels that approached a U.S. warship in international waters
in the Strait of Hormuz this week were not clear, but such
actions can escalate tensions, the White House said on Thursday.
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