Energy Update
Divided was the third most quoted word given by U.S. voters in response to a recent Associated Press-NORC Center for Public Affairs Research poll asking for a one-word description of the current state of the union. Confused ranked fifth.
HOUSTON, Aug 11 (Reuters) - A blaze broke out on Thursday at
Motiva Enterprises 235,000 barrel per day (bpd)
Convent, Louisiana refinery, heavily damaging the structure of
the heavy oil hydrocracker before being extinguished in the
afternoon, sources familiar with plant operations said.
Aug 11 (Reuters) - U.S. oil refiner CVR Energy Inc,
backed by activist investor Carl Icahn, is preparing to make an
offer to buy smaller peer Delek US Holdings Inc, the New
York Post reported, citing a source close to the situation.
RIO DE JANEIRO, Aug 11 (Reuters) - Brazil's state-controlled
oil company Petroleo Brasileiro SA recorded a
370-million-real ($118-million) net profit in the second
quarter, the Rio de Janeiro-based company said in a statement.
The political season is in full swing with all the associated campaign promises coming from both sides of the aisle as candidates vie for support — claims of putting the power of the federal government behind making the U.S. a clean energy superpower and claims of both revitalizing the coal industry and supporting renewable energy measures.
Leading certification provider DNV GL has launched a Joint Industry Project which will see the development of design validation standards for floating offshore wind turbines.
BAGHDAD, Aug 11 (Reuters) - Iraq's offensive to dislodge
Islamic State from its de facto capital Mosul is on track
despite a spat between two senior politicians over alleged
corruption in the military, the U.S. envoy to the coalition
fighting the militant group said.
NEW YORK, Aug 11 (Reuters) - Plaintiffs' lawyers will seek
up to $332.5 million in fees and costs for their work in a $10
billion settlement over claims Volkswagen AG outfitted vehicles
with software to cheat on emissions testing, according to a
court filing.
LONDON, Aug 11 (Reuters) - British Prime Minister Theresa
May has written to Argentina's President Mauricio Macri calling
for restrictions on oil exploration in the Falklands Islands to
be lifted and for more flights to the British-run islands, her
office said on Thursday.
DUBAI, Aug 11 (Reuters) - Saudi Arabia will work with OPEC
and non-OPEC members to help stabilise oil markets, it said on
Thursday a month ahead of an informal meeting of major producing
countries in Algeria.
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