Energy Update
KUALA LUMPUR, June 7 (Reuters) - In 2004, Malaysian palm oil
producer IOI Group became a founding member of the
Roundtable on Sustainable Palm Oil (RSPO) and later an executive
board member in what seemed like a cosy arrangement.
WASHINGTON, June 7 (Reuters) - U.S. President Barack Obama
and Indian Prime Minister Narendra Modi on Tuesday welcomed the
start of preparatory work for six nuclear reactors in India, a
key step in closing the first deal stemming from a U.S.-India
civil nuclear accord struck more than a decade ago.
WASHINGTON, June 7 (Reuters) - The U.S. Senate passed
legislation on Tuesday that would revamp federal chemical safety
protections for the first time in decades, sending it to
President Barack Obama for his expected signing into law.
ANCHORAGE, Alaska, June 7 (Reuters) - The World Bank slashed
its 2016 global growth forecast on Wednesday to 2.4 percent from
the 2.9 percent estimated in January due to stubbornly low
commodity prices, sluggish demand in advanced economies, weak
trade and diminishing capital flows.
MELBOURNE, June 7 (Reuters) - BHP Billiton said on Tuesday
it has agreed to sell its coal assets in Indonesia to its
partner, Adaro Energy, following a slump in prices
for metallurgical coal.
Shell Chemical Appalachia has made a final investment decision to build a new petrochemical complex in Pennsylvania, US.
InterMoor has successfully completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM).
HOUSTON, June 7 (Reuters) - Oklahoma City police said on
Tuesday an inquiry found no evidence suggesting oilman Aubrey
McClendon committed suicide when he died in a fiery crash in
March, but acknowledged his state of mind at the time of the
accident was unknowable.
The June 2 OPEC meeting in Vienna ended with no agreement to restrict crude oil output, raising questions about whether the organization will ever return to output ceilings and quotas.
SAO JOAO DA BARRA, Brazil, June 7 (Reuters) - Chevron Corp
plans to sign a five-year agreement to lease berthing
space for its vessels from U.S. oil service company Edison
Chouest Offshore, Chouest's head of Brazilian operations Ricardo
Chagas said on Tuesday.
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