Energy Update
HANOI, July 2 (Reuters) - Vietnam has called for an
international tribunal in The Hague to deliver a "fair and
objective" ruling in an arbitration case lodged by the
Philippines that challenges China's expansive claims in the
South China Sea.
SAO PAULO, July 1 (Reuters) - CPFL Energia SA,
Brazil's largest power distributor, said on Friday that the
world's largest utility, China's State Grid International
Development Ltd, will buy a controlling stake in the company for
5.85 billion reais ($1.8 billion).
OSLO, July 2 (Reuters) - Norwegian offshore oil workers and
employers signed a new wage deal on Saturday, avoiding a strike
that would have cut the output from western Europe's top oil and
gas producer by about six percent, employers and unions said.
SAO PAULO, July 1 (Reuters) - CPFL Energia SA,
Brazil's largest power distributor, said on Friday that the
world's largest utility, China's State Grid International
Development Ltd, will buy a controlling stake in the company for
5.85 billion reais ($1.8 billion).
HOUSTON, July 1 (Reuters) - U.S. refiner PBF Energy
took ownership on Friday of a Los Angeles-area refinery
purchased from Exxon Mobil Corp for $537.5 million,
clearing the way for it to focus on further North American
acquisitions.
OSLO, July 2 (Reuters) - Norwegian oil workers and their
employers extended wage negotiations past a midnight deadline on
Saturday in a bid to avoid a strike that would cut the country's
oil and gas production, said the state mediator who is hosting
the talks.
PUERTO VARAS, Chile, July 1 (Reuters) - As part of efforts
to boost integration, member nations of the Pacific Alliance
trade bloc committed on Friday to developing a unified business
strategy for their respective fishing industries.
(Adds gas prices history, milestone)
July 1 (Reuters) - U.S. natural gas speculators boosted
their net longs for a fifth consecutive week, betting prices
will continue to rise as production eases and power demand
remains high to meet air conditioning use during an unusually
hot start to the summer.
The increase came despite the surprise "Brexit" vote by
Britain on June 23 to leave the European Union, which rattled
The U.S. Army Corps of Engineers has signed a memorandum agreement with the Southeastern Power Administration, Tennessee Valley Authority and Tennessee Valley Public Power Association, Inc., to perform a variety of work at Corps hydropower projects.
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