Energy Update
MELBOURNE, July 28 (Reuters) - BHP Billiton
said on Thursday it would book a provision of between $1.1
billion and $1.3 billion in its annual results to cover costs of
the dam disaster in November at the Samarco iron ore mine in
Brazil.
July 27 (Reuters) - Rig contractor Noble Corp Plc
reported a lower-than-expected quarterly profit and lowered its
2016 capital expenditure as oil producers reduced spending to
weather a prolonged slump in crude prices.
WILMINGTON, Del., July 27 (Reuters) - A U.S. Bankruptcy
judge said on Wednesday she would approve Sabine Oil & Gas
Corp's plan of reorganization, which would clear the
way for the Texas energy producer to exit Chapter 11 after a
year-long battle with its creditors.
July 27 (Reuters) - Whiting Petroleum Corp, North
Dakota's largest oil producer, posted a worse-than-expected
quarterly loss on Wednesday as production fell and crude prices
dropped.
July 27 (Reuters) - Whiting Petroleum Corp, North
Dakota's largest oil producer, posted a quarterly loss on
Wednesday that more than doubled as production fell and crude
prices dropped.
HOUSTON, July 27 (Reuters) - Hess Corp said on
Wednesday it was pursuing legal action against Schlumberger NV
for $40 million or more, claiming the oilfield service
provider supplied a defective valve for a U.S. Gulf of Mexico
oilfield that shuttered three wells and crimped production.
July 27 (Reuters) - California's power grid operator issued
an alert urging consumers to conserve electricity on Wednesday
as a heat wave baked the state, especially in the north.
MEXICO CITY, July 27 (Reuters) - Mexico's deputy energy
minister for hydrocarbons, Lourdes Melgar, a key player behind
the country's 3-year-old energy reform, will step down from her
post at the end of the week, two sources with knowledge of the
decision said on Wednesday.
Development of the European Offshore Wind Deployment Centre (EOWDC) is now firmly underway after a series of announcements confirmed a final investment decision from Vattenfall and several supply contracts for the project.
July 27 (Reuters) - Saskatchewan Premier Brad Wall said on
Wednesday he was not satisfied with Husky Energy Inc's
emergency response to an oil spill into a river that supplies
drinking water, and said the western Canadian province needed to
consider ways to avoid a recurrence.
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