Energy Update
SINGAPORE, June 13 (Reuters) - Oil prices fell in early
trading on Monday, pulled down by rising economic concerns in
Asia and a related strengthening in the U.S. dollar, which makes
fuel imports for countries using other currencies more
expensive.
LONDON, June 10 (Reuters) - Britain's consumption of road
fuel is growing at the fastest rate for more than a decade as
the impact of economic growth and lower prices more than offsets
improvements in vehicle efficiency.
HONG KONG, June 13 (Reuters) - Chinese state-owned companies
seeking to buy European assets are going to face greater
regulatory scrutiny following a landmark European Commission
decision on a recent deal.
Amec Foster Wheeler has been award of a detailed design and engineering contract by Sasol Petroleum Mozambique Limitada for Phase 1 Tranche 1 of the PSA development for surface facilities, located at Temane, 600km north of Maputo in Mozambique.
YENAGOA, Nigeria, June 12 (Reuters) - A group of Nigerian
former militants have urged the Niger Delta Avengers, who have
claimed responsibility for a recent string of attacks on oil and
gas facilities, to join in discussions with the government, a
statement said on Sunday.
DUBAI, June 12 (Reuters) - Middle East stock markets fell on
Sunday as investors booked profits following a pull-back in oil
prices and international stock markets, but some Saudi Arabian
real estate shares bucked the downtrend because of the kingdom's
economic reform plan.
LONDON, June 12 (Reuters) - Libya's $67 billion sovereign
wealth fund will go head-to-head with Goldman Sachs in London's
High Court this week over claims that the U.S. investment bank
exploited the fund by encouraging it to make risky and
ultimately worthless investments.
LONDON, June 12 (Reuters) - Energy giants such as Royal
Dutch Shell and Total are looking to build
terminals and power plants in new markets to soak up the
industry's rapidly burgeoning supply.
ALGIERS, June 11 (Reuters) - Algerian President Abdelaziz
Bouteflika named new energy and finance ministers on Saturday in
a cabinet reshuffle, as the OPEC member tries to cope with a
sharp fall in oil and gas earnings that have placed increasing
pressure on its finances.
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