Energy Update
June 29 (Reuters) - British defence contractor Chemring
Group Plc, which has been struggling with defence
budget cuts in its key markets, said Finance Director Steve
Bowers would leave the company.
Will growing supplies of shale-driven olefins expansions in the North American market outstrip the ability of units downstream to take in product?
The share of lower heat 8,400 Btu/lb coal produced in the Powder River Basin continues to decline but is unlikely to go away, say market sources.
Beyond Mexico, proposed petrochemical expansions have fallen by the wayside in Latin America.
OTTAWA, June 29 (Reuters) - The leaders of the United
States, Canada and Mexico gather on Wednesday to stress the
importance of trade at a time of mounting international doubts
about the benefits of globalization.
(Wed, 29 Jun 2016) Stripper wells, or wells that produce small volumes, represent an important but decreasing share of total U.S. oil and natural gas production. These wells are characterized as producing no more than 15 barrels of oil equivalent per day (boe/d) over a 12-month period.
BEIJING, June 29 (Reuters) - Saudi and Japanese officials
will hold meetings on Wednesday to discuss Japanese investment
into the planned initial public offering (IPO) of a small part
of Riyadh-controlled Saudi Aramco, said Khalid Al-Falih, the
kingdom's energy minister.
TOKYO, June 29 (Reuters) - Idemitsu Kosan Co said
on Wednesday it was not considering issuing new shares in a
third-party allotment, denying a Kyodo News report that said the
move was aimed at diluting the founding family's ownership.
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