Energy Update
NEW DELHI/JAKARTA, July 14 (Reuters) - For many coal miners
in Indonesia's resource-dependent economy, a surprise shift in
India's coal industry - from big importer to potential exporter
- could not have come at a worse time.
OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling approximately $300m from Woodside Energy.
MELBOURNE, July 14 (Reuters) - Australia's Woodside
Petroleum has agreed to buy ConocoPhillips'
deepwater stakes off Senegal, including one of the world's most
promising recent oil finds, for $350 million.
RIO DE JANEIRO, July 13 (Reuters) - Brazilian federal
prosecutors said on Wednesday they opened an investigation into
alleged environmental crimes by Roberto Carvalho, chief
executive of iron-ore mining company Samarco Mineração SA, over
a deadly damburst last year.
NEW YORK, July 13 (Reuters) - U.S. gasoline and distillate
stocks surged unexpectedly last week, data showed on Wednesday,
crimping margins for refiners at the height of summer driving
season, a time when they generally enjoy healthy demand and
profits.
CHICAGO, July 13 (Reuters) - CSX Corp, the
third-largest U.S. railroad, on Wednesday posted a lower
second-quarter net profit that beat expectations as lower costs
partly offset a 34 percent drop in coal volumes.
WASHINGTON, July 13 (Reuters) - A U.S. House of
Representatives panel on Wednesday issued subpoenas to the
attorneys general of New York and Massachusetts to force them to
submit information on their investigations into whether Exxon
Mobil misled investors on climate change risks, accusing
the attorneys general of having a political agenda.
BOSTON, July 13 (Reuters) - Participants in SunEdison Inc's
$155 million retirement plan suffered heavy losses on
their investments in company stock last year in the months
before the renewable power plant developer landed in bankruptcy.
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