Energy Update
NEW YORK, June 2 (Reuters/LPC) - Banks are increasingly
requiring U.S. oil and gas companies to maintain minimum levels
of liquidity, an unusual step that could help reduce the risk of
being exposed to companies struggling to maintain operations and
repay debt.
WILMINGTON, Del., June 2 (Reuters) - Warren Resources Inc
, an exploration and production company with operations
in California and Pennsylvania, filed for bankruptcy protection
on Thursday, according to a court filing.
LUANDA, June 2 (Reuters) - Angolan President Jose Eduardo
dos Santos has appointed his daughter as head of state oil firm
Sonangol, Angola National State Radio (RNA) reported on
Thursday.
WILMINGTON, Del., June 2 (Reuters) - Warren Resources Inc
<WRES.O, an exploration and production company with operations
in California and Pennsylvania, filed for bankruptcy protection
on Thursday, according to a court filing.
BODO/ABUJA, Nigeria, June 2 (Reuters) - Militants launched
new attacks in the Niger Delta on Thursday, vowing to bring
Nigeria's struggling oil industry to a total halt, and the
president cancelled a long-awaited visit to the region.
Tim Worledge on the likely impact of La Nina on the bread basket of Europe, the wheat fields of Australia, America's corn belt, the great sugar powerhouse of Brazil and the cane fields of India and Thailand.
RIO DE JANEIRO, June 2 (Thomson Reuters Foundation) - A new
clean technology to turn sunlight into liquid fuel could
drastically shrink the need for large plantations to grow crops
for biofuels, while combating climate change, Harvard University
researchers said on Thursday.
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