Energy Update
PARIS, May 25 (Reuters) - France has started using its
strategic oil reserves for the first time since 2010 to counter
union blockades of its refineries, the French oil industry
federation said on Wednesday.
LONDON, May 25 (Reuters) - Royal Dutch Shell will
cut a further 2,200 jobs, taking its target for layoffs to
12,500 by the end of the year, the Anglo-Dutch oil firm said on
Wednesday, as it cuts deeper in the face of weak oil prices.
PARIS, May 25 (Reuters) - Police broke up a fuel depot
blockade in France on Wednesday and the hardline CGT union
called a strike at a nuclear plant in an escalation of a
standoff over proposed new labour laws.
MOSCOW, May 25 (Reuters) - Russia's Gazprom Neft,
under the gaze of President Vladimir Putin, has started loading
a tanker with crude from its new Novoportovskoye field in the
Arctic, which will help Moscow maintain record-high oil
production.
PARIS, May 25 (Reuters) - French gas and power group Engie
said it is considering the closure or sale of its
Hazelwood coal-fired plant in Australia as part of its strategy
to exit the fossil fuel.
YENAGOA, Nigeria, May 25 (Reuters) - Nigeria's federal
government should act with caution in the Niger Delta, where
militants have been blowing up oil and gas pipelines, as a
military approach will not calm the situation, the governor of a
state in the region said.
MOSCOW, May 25 (Reuters) - The latest Russian Eurobond
issue, which took place without the participation of major
international settlement agencies Euroclear and Clearstream, is
good for Russia's financial infrastructure, Andrei Kostin, chief
executive of VTB bank, said on Wednesday.
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