Energy Update
Canada’s Irving Oil has agreed to acquire Whitegate oil refinery in Ireland from Phillips 66, expanding its presence across the Atlantic basin.
NEW YORK, Aug 5 (Reuters) - Private equity funds are looking to sell shares in two U.S.
energy companies, people familiar with the plans said this week, deals that could end a
year-long drought for Initial Public Offerings (IPOs) in the oil and gas sector.
SINGAPORE, Aug 5 (Reuters) - Singapore's long hangover from
a near-record fuel oil trading binge in March is ending as
tonnage traded that month and held offshore moves into landed
tanks, signalling a tighter market in the world's biggest
trading hub for the shipping fuel.
* Clinches deals with Shandong refiners Shouguang Luqing,
Huifeng
* Crude oil came from Latin America
* Deals seen as riskier, but profitable
SINGAPORE, Aug 5 (Reuters) - As European and American
markets open on Friday, oil traders face a new era with Yahoo
Messenger, the main tool used by traders to communicate since
the late 1990s, shutting down.
CAIRO, Aug 4 (Reuters) - When Egypt announced plans to
develop renewable power in 2014, investors piled in, drawn by
year-round sunshine and chronic electricity shortages. Two years
on, many projects have stalled, hitting confidence among foreign
investors Egypt sorely needs.
LUSAKA, Aug 5 (Reuters) - Glencore's Zambian Mopani
Copper Mines (MCM) has halted production at all its operations
after four miners were killed in separate accidents, a company
official said on Friday.
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