Energy Update
MANILA, July 1 (Reuters) - The Philippine government will
order a review of all the existing mines operating in the
Southeast Asian country, its new mining minister said on Friday.
June 30 (Reuters) - Six of Williams Cos Inc's
directors, including the pipeline company's chairman, resigned
on Thursday after a failed attempt to oust Chief Executive Alan
Armstrong, three sources familiar with the matter told Reuters.
LIMA, June 30 (Reuters) - The Peruvian government dismissed
the head of Petroperu, German Velasquez, and fined the
state-owned energy company about $3.5 million after the third
oil spill in the Amazon this year from its four-decades-old
pipeline.
SYDNEY, July 1 (Reuters) - BHP Billiton on
Friday said it would appeal against the decision by a Brazilian
court to reinstate a $6 billion public civil claim over last
year's Samarco iron ore mine disaster.
LIMA, June 30 (Reuters) - The head of Petroperu,
German Velasquez, was dismissed following the third oil spill in
the Amazon this year from the state-owned energy company's
four-decades-old pipeline, the government said on Thursday.
SINGAPORE, July 1 (Reuters) - Oil prices rose early on
Friday, with Brent jumping back above $50 per barrel, as
investors positioned themselves for more price increases this
year in expectation of a tighter market.
SAN FRANCISCO/WASHINGTON, June 30 (Reuters) - A lawyer for
Volkswagen AG said at a court hearing Thursday the
German automaker believed it could fix 85,000 polluting
3.0-liter VW, Audi and Porsche diesel cars and SUVs, a move that
could help the company avoid a second pricey vehicle buyback.
HAVANA, June 30 (Reuters) - Cuba has ordered some state
firms and joint ventures to reduce fuel and electricity
consumption, a senior diplomat and the director of a foreign
joint venture said on Thursday, in the latest sign a crisis in
ally Venezuela is hurting the economy.
SAN JUAN, June 30 (Reuters) - Puerto Rico authorized
suspension of payments on its general obligation debt on
Thursday just minutes after U.S. President Barack Obama signed a
law creating a federal oversight board with authority to
negotiate the restructuring of the island's $70 billion in debt.
LIMA, June 30 (Reuters) - The head of Peru state-owned
energy company Petroperu has resigned following the
third oil spill this year due to pipeline ruptures, Energy and
Mines Minister Rosa Maria Ortiz said on Thursday on local
broadcaster RPP.
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