Energy Update
CALGARY, Alberta, June 14 (Reuters) - Suncor Energy Inc
has told employees the massive wildfire that struck
northern Alberta in May will cost the company nearly C$1 billion
($777.91 million), two sources at Canada's largest crude
producer told Reuters.
CARACAS, June 14 (Reuters) - Hungry Venezuelans are rioting
and looting amid worsening food shortages, but the OPEC
country's remote oil fields have been sheltered from the social
unrest so far.
MOSCOW/BRUSSELS, June 14 (Reuters) - Russian President
Vladimir Putin and European Commission President Jean-Claude
Juncker will talk about sanctions and energy projects when they
meet in St Petersburg this week, Kremlin aide Yuri Ushakov told
reporters.
MADRID/SAO PAULO, June 14 (Reuters) - Odebrecht SA, Latin
America's largest engineering company, is in advanced talks to
sell a 55 percent stake in a Peruvian gas pipeline project, with
Ferrovial SA and another three companies emerging as
potential bidders, two sources familiar with the transaction
said on Tuesday.
ABUJA, June 14 (Reuters) - U.S. fund manager Pecora Capital
said on Tuesday it will raise $2 billion over the next 18 months
for Nigerian infrastructure projects, a rare show of investor
confidence during a period of deep crisis in Africa's largest
economy.
Yingli Green Energy Holding Co. reached deals with lenders to modify loan agreements after the Chinese solar manufacturer defaulted on 1.76 billion yuan ($267 million) in debts in April. Its American depositary receipts surged.
SYDNEY, June 14 (Reuters) - Monaco-based oil services
company Unaoil said on Tuesday it was launching legal action
against Australia's Fairfax Media group, publisher of the Sydney
Morning Herald, over reports linking it to corrupt practices
involving big oil companies.
SANTO DOMINGO, June 14 (Reuters) - Venezuela's Foreign
Minister Delcy Rodriguez said on Tuesday her country was the
victim of international bullying and lambasted the head of the
Organization of American States for interfering in Venezuela's
domestic affairs.
Please Listen Up to this week’s Energy Show on Renewable Energy World as we welcome Jay Welsh, CEO of Solar Maids, the leading professional panel cleaning service.
TORONTO, June 14 (Reuters) - Canada's main stock index fell
on Tuesday as financial stocks pulled back ahead of Britain's
vote on whether to leave the European Union, but shares of
energy companies rebounded despite oil prices continuing to
slip.
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