Energy Update
HOUSTON, May 24 (Reuters) - Exxon Mobil Corp and
Chevron Corp will face their toughest-ever push by
shareholders concerned about a warming world at annual meetings
on Wednesday, as the Paris accord to tackle climate change
ratchets up investor pressure on two of the world's largest oil
companies.
SYDNEY/WELLINGTON, May 24 (Reuters) - Australian shares were
down for a second day in subdued trade on Tuesday, as falling
oil prices pressured energy firms although miners proved
resilient to more weakness in iron ore.
SINGAPORE, May 24 (Reuters) - Oil prices were little changed
in thin early Asian trade on Tuesday as a firmer dollar weighed
on oil markets while a likely drawdown in U.S. crude and
gasoline stockpiles pointed to stronger demand ahead of the U.S.
summer driving season.
BRASILIA, May 23 (Reuters) - Brazil's interim government was
rocked on Monday by the loss of one of its key figures, Planning
Minister Romero Juca, who stepped aside amid accusations he had
conspired to obstruct the country's biggest-ever corruption
investigation.
Amec Foster Wheeler Energy has received engineering and project management services contract to carry out the basic engineering design (BED) study for the Cilacap refinery upgrade project in Central Java, Indonesia.
Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore and onshore facilities.
NEW YORK, May 23 (Reuters) - A New York energy investor has
been indicted for engaging in a multiyear scheme to evade paying
over $45 million in taxes in connection with the sale of an oil
company and the purchase of paintings by European artists, U.S.
prosecutors said on Monday.
CALGARY/TORONTO, May 23 (Reuters) - Authorities in Canada
lifted evacuation orders on Monday for all work camps and some
additional oil facilities that had been shuttered when a massive
wildfire threatened the nation's energy hub, a significant step
for companies eager to restart production.
PARIS, May 23 (Reuters) - Oil sector workers of French CGT
and FO unions voted on Monday to begin a strike at Exxon Mobil's
240,000 barrels-per-day Port Jerome refinery in northern
France, the unions said in a joint statement.
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