Energy Update
CURITIBA, Brazil, July 7 (Reuters) - Brazilian police seized
documents and questioned suspects on Thursday to investigate
Panama's FPB Bank which allegedly worked with the "Panama
Papers" law firm to spirit money out of Brazil connected to
corruption at state-run companies.
WASHINGTON, July 7 (Reuters) - The International Monetary
Fund said on Thursday its executive board approved a new
three-year, $5.34 billion standby arrangement for Iraq to
support Baghdad's efforts to deal with lower oil prices and
ensure debt sustainability.
July 7 (Reuters) - The U.S. government agreed to a mine
clean-up deal that allows coal producer Alpha Natural Resources
to exit bankruptcy, despite concerns that Alpha will be unable
to fund $400 million in commitments, a government lawyer told a
court on Thursday.
JUBA, July 7 (Reuters) - Sporadic gunfire was heard in South
Sudan's capital Juba late Thursday evening and military vehicles
were blocking some roads, residents and a Reuters witness said.
RIO DE JANEIRO, July 7 (Reuters) - Brazil's state-led oil
firm Petrobras may never collect some debts owed it by state-run
power utility Eletrobras, the energy ministry said on Thursday,
acknowledging the government has little cash to provide new
capital to the debt-ridden electricity company.
WASHINGTON, July 7 (Reuters) - The U.S. Department of
Interior on Thursday unveiled its final regulations on drilling
in the U.S. Arctic Outer Continental Shelf to boost safety in
the environmentally sensitive region.
BRASILIA, July 7 (Reuters) - The corruption-tainted speaker
of the lower house of Brazil's Congress announced his
resignation on Thursday, ending months of political bickering
that threatened to deepen a legislative stalemate blamed for
keeping the economy mired in recession.
Canadian utility BC Hydro and the McLeod Lake Indian Band have forged an agreement that will give the aboriginal group "economic development opportunities and other benefits" related to the construction and operation of the Site C hydroelectric project.
CALGARY, July 7 (Reuters) - Insured losses from the May
wildfires in Fort McMurray, Alberta, are expected to total
C$3.58 billion ($2.76 billion), making it the costliest-ever
Canadian natural disaster, an insurance industry group said on
Thursday.
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