Energy Update
BERLIN, June 1 (Reuters) - Lockheed Martin Corp said
on Wednesday it is seeing some encouraging signs in the
commercial helicopter market after last year's slump in demand
from oil and gas companies as the sector grappled with a
collapse in oil prices.
CARACAS/WASHINGTON, June 1 (Reuters) - Venezuelan President
Nicolas Maduro's socialist government said on Wednesday that a
move by the head of the Organization of American States (OAS) to
censure the country for breaching democratic norms is an
"imperialist" scheme to take the OPEC member's oil.
* WCS for July last traded at $11.85/bbl discount to WTI
* Syn for July last traded $2.25/bbl over WTI
SAO PAULO, June 1 (Reuters) - A Brazilian appeals court has
ruled that a Liberian mortgage is invalid for a Brazilian-owned
oil production ship, sources with direct knowledge of the matter
said on Wednesday, casting further doubt over the future of
secured lending for such vessels in the world's largest
deepwater market.
YENAGOA, Nigeria, June 1 (Reuters) - A Nigerian militant
group said on Wednesday that it had blown up two Chevron
oil wells in the second such attack in a week on the
company's facilities in Nigeria's oil-producing Delta region.
There is widespread agreement that the global sugar market will experience a structural deficit for a second successive season for the upcoming 2016-17 campaign.
BOGOTA, June 1 (Reuters) - Colombia will need about $7
billion in annual investment over the next 10 years to bolster
oil exploration and avoid a drastic drop in output that would
lead the Andean nation to import crude by 2022, the head of the
oil industry's union said on Wednesday.
OSLO, June 1 (Reuters) - Norwegian investigators looking
into the cause of a fatal North Sea helicopter crash have sent a
recommendation to European air safety authorities about a
possible safety issue with the model's gearbox, they said on
Wednesday.
CARACAS, June 1 (Reuters) - Venezuelan President Nicolas
Maduro's socialist government said on Wednesday a move by the
head of the Organization of American States (OAS) to censure the
country for breaching democratic norms is an "imperialist"
scheme to take the OPEC member's oil.
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