Energy Update
MELBOURNE, July 20 (Reuters) - Total SA is
unlikely to take on ExxonMobil in a bidding war for
explorer InterOil Corp, the French giant's partner in a
rich gas field in Papua New Guinea, analysts said on Wednesday.
BEIJING, July 20 (Reuters) - U.S. military forces will
continue to operate in the South China Sea in accordance with
international law, the U.S. Chief of Naval Operations John
Richardson said on Wednesday during a visit to a Chinese naval
base.
BEIJING, July 20 (Reuters) - China's Sinopec
has shut down a section of the Sichuan-East China gas
pipeline in the country's central region after it was hit by a
landslide and fire, killing two people.
(Wed, 20 Jul 2016) Electricity generated at power plants moves through a complex network of electricity substations, power lines, and distribution transformers before it reaches customers. In the United States, the power system consists of more than 7,300 power plants, nearly 160,000 miles of high-voltage power lines, and millions of low-voltage power lines and distribution transformers, which connect 145 million customers.
PINGTUNG, Taiwan, July 20 (Reuters) - Five Taiwanese fishing
boats set sail for Taiwan's sole holding in the South China Sea
on Wednesday in protest against a court ruling that deems it a
rock rather than an island, limiting its rights to surrounding
resource-rich waters.
Iberdrola obtained a gross operating profit (EBITDA) of €3.892bn in the first half of 2016, up by 1.4% on the same period a year ago.
SYDNEY, July 20 (Reuters) - BHP Billiton
said on Wednesday it fell three million tonnes short of its iron
ore production guidance for fiscal 2016 due to its Samarco
disaster in Brazil.
July 19 (Reuters) - Investors who sold oil and natural gas
land leases to Chesapeake Energy Corp and now-bankrupt
SandRidge Energy Corp sued Chesapeake and Tom Ward,
SandRidge's former CEO, alleging that they conspired to depress
the market for those leases.
WASHINGTON, July 19 (Reuters) - The U.S. State Department
has approved the sale of $785 million in bombs to the United
Arab Emirates for the U.S.-led campaign against Islamic State
militants in Syria and Iraq, the Pentagon said on Tuesday.
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