Energy Update
ABUJA, July 4 (Reuters) - Nigeria's President Muhammadu
Buhari has approved a new board of directors for the Nigerian
National Petroleum Corporation (NNPC), the state oil company,
his spokesman said on Monday.
BEIRUT, July 4 (Reuters) - A team of militants linked with
Islamic State were paid 600,000 euros to carry out a bombing
campaign at 50 locations in Tehran and other big cities in Iran,
according to a documentary aired on Iranian state TV on Monday.
LONDON, July 4 (Reuters) - Anglo-Dutch oil major Royal Dutch
Shell will start dismantling its nearly 40-year-old
Brent Delta platform in the North Sea in 2017, a senior manager
said, delaying the process by around one year.
DUBAI, July 4 (Reuters) - Iran's officials are reviving the
idea of developing oil fields using buy-back deals that
international oil companies dislike, suggesting renewed tensions
between hardliners and reformists over the future of the
industry.
LUBUMBASHI, Democratic Republic of Congo, July 4 (Reuters) -
A t a mining conference in Democratic Republic of Congo's mining
capital, Lubumbashi, last month, government officials and mining
company executives huddled around two big tables, brainstorming
how to save a failing copper mine.
LONDON, July 4 (Reuters) - The post-Brexit recovery across
European markets sputtered to a halt on Monday with major equity
indices lower and safe-haven demand for precious metals helping
the price of silver surge to near a two-year high.
BRASILIA, July 4 (Reuters) - Brazil's federal police served
five arrest warrants and conducted search and seizure operations
in three states on Monday, in the latest round of a sweeping
corruption probe around state-run oil firm Petroleo Brasileiro
SA.
OSLO, July 4 (Reuters) - By 2022, Norway could realise every
step in the development of a technology many see as critical to
reducing global carbon emissions, carbon capture and storage
(CCS), it said on Monday.
DUBAI, July 4 (Reuters) - Cairo's main stock index
rose 2.9 percent on Monday on expectations of a further currency
devaluation this fiscal year, while Gulf stock markets closed on
a strong footing before the Eid al Fitr holidays.
LAGOS, July 4 (Reuters) - Twitter on Monday
suspended the account of Niger Delta Avengers, a militant group
that has carried out a series of attacks on oil facilities in
Nigeria in the last few months which pushed the country's crude
production to 30-year lows.
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