Energy Update
MOSCOW, June 6 (Reuters) - Russian mid-sized oil producer
Russneft, majority owned by businessman Mikhail Gutseriyev,
plans to sell new shares on the Moscow stock exchange in the
fourth quarter, a company spokesman said on Monday.
KAMPALA, June 6 (Reuters) - Uganda's economy will grow by
5.9 percent in the 2016/2017 (July-June) fiscal year, up almost
a percentage point from the levels estimated for the previous 12
months thanks to spending on large infrastructure projects, the
World Bank said.
LONDON, June 6 (Reuters) - UK shares opened in positive
territory on Monday, led by a rise in commodity-related stocks
which tracked metals prices higher, though housebuilders fell on
concerns surrounding Britain's June 23 referendum on its
membership of the European Union.
XALAPA, Mexico, June 6 (Reuters) - Mexico's ruling party
looked set to lose control of several bastions in Sunday's
regional elections, dealing a heavy blow to President Enrique
Pena Nieto for failing to crack down on corruption and gang
violence.
NEW DELHI, June 6 (Reuters) - Energy-hungry India is ready
to revive projects including the Nagarjuna Oil Refinery in the
south of the country to boost its oil sector, oil minister
Dharmendra Pradhan told a local television channel on Monday.
FRANKFURT, June 6 (Reuters) - German battery maker sonnen
GmbH on Monday said it has secured financial backing from GE
Ventures, General Electric's venture capital subsidiary,
to develop its brand of residential power storage systems.
June 6 (Reuters) - Drilling contractor Hercules Offshore Inc
filed for bankruptcy protection on Monday in a Delaware
court, just six months after emerging from its first bankruptcy.
BRISBANE, June 6 (Reuters) - It should be a golden age for
Australia's liquefied natural gas (LNG) producers as they sit on
the cusp of becoming the world's largest supplier of the fuel
that holds the largest growth potential among its fossil rivals.
SYDNEY, June 6 (Reuters) - Giant waves, cyclone-strength
winds and torrential rain swept three people to their deaths on
Australia's east coast on Monday after the storm forced hundreds
to flee their homes.
HOUSTON, June 5 (Reuters) - Gulf of Mexico offshore oil
producer Shell Oil Co said on Sunday Tropical Storm Colin was
forecast to miss the company's production platforms before
striking Florida on Monday.
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