Energy Update
LAUNCESTON, Australia, Aug 17 (Reuters) - While a record
loss is certain to grab media headlines, the real story about
BHP Billiton is far more sanguine as the company tries
to prove that boring is better.
CARACAS, Aug 16 (Reuters) - President Nicolas Maduro said on
Tuesday that Venezuela had struck $4.5 billion in mining deals
with foreign and domestic companies, part of plan to lift the
OPEC nation's economy out of a deep recession causing food
shortages and social unrest.
LONDON, Aug 16 (Reuters) - OPEC and non-OPEC countries are
again flirting with the idea of a production freeze to
accelerate oil-market rebalancing, according to recent
statements by several oil ministers.
SINGAPORE, Aug 17 (Reuters) - Oil prices fell away from
5-week highs early on Wednesday, as analysts doubted a
successful outcome from producer talks to rein in ballooning
oversupply.
CARACAS, Aug 16 (Reuters) - President Nicolas Maduro said on
Tuesday that Venezuela had signed $4.5 billion in mining deals
for investment in the South American country's southern mineral
belt, but did not say who the deals were with or for what
projects.
Permasense, the provider of remote corrosion and erosion monitoring solutions to the global energy industry, has completed the first installation of the ET210 integrity monitoring system in the UK North Sea, on Total’s Alwyn platform.
According to a presidential order issued Aug. 12 by the Myanmar government, a commission will form to examine the 6,000-MW Myitsone hydropower project proposed for Kachin, Mynamar. Locally published reports indicate when complete, Yunnan China would receive much of the energy from the facility under the project’s original agreement.
MOSCOW, Aug 16 (Reuters) - Russian Prime Minister Dmitry
Medvedev has postponed the privatisation of mid-sized oil
producer Bashneft, his spokeswoman said on Tuesday, a
surprise move she said was approved by President Vladimir Putin.
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