Energy Update
SAO PAULO/BRASILIA, May 17 (Reuters) - State-controlled
Petróleo Brasileiro SA will appoint former
presidential chief of staff Pedro Parente as chief executive
officer, as Brazil's new interim government seeks to stamp its
authority on the debt-laden oil producer, two sources with
knowledge of the decision said on Tuesday.
HOUSTON, May 17 (Reuters) - Oil and gas activities may have
caused nearly nine in 10 of the earthquakes Texas has
experienced in the past 40 years, and the quakes have become
more frequent as oilfield activity has picked up in the past
decade, according to a forthcoming study.
MIDLAND, Texas, May 17 (Reuters) - Dallas Federal Reserve
Bank President Robert Kaplan said on Tuesday that while he
expects more bankruptcies for oil and gas producers this year,
he sees energy prices firming, along with prospects for jobs and
investment.
We explore a key question that emerged from Platts' recent European power conference: is Europe's wholesale
power price collapse structural, or could central plant closures prompt a post 2020 recovery?
Novatek has signed a Memorandum of Understanding (MOU) PTT of Thailand at a meeting between the Russian Prime Minister Dmitry Medvedev and the Prime Minister of Thailand Prayut Chan-o-cha.
ABUJA, May 17 (Reuters) - A Nigerian labour union
representing millions of workers said on Tuesday that it would
stage a general strike in protest against government plans to
increase petrol prices by up to 67 percent, despite a court
ruling against the action.
PARIS, May 17 (Reuters) - French parliamentarians in a near
unanimous vote on Tuesday adopted a bill authorising the
government to ratify the landmark climate agreement reached by
195 nations in Paris in December.
NEW YORK, May 17 (Reuters) - Oil and gas activities may have
caused nearly nine in 10 of the earthquakes Texas has
experienced in the past 40 years, and the quakes have become
more frequent as oilfield activity has picked up in the past
decade, according to a forthcoming study.
LAGOS, May 17 (Reuters) - Fuel shortages have caused an
increase in cancellations and delays to internal flights in
Nigeria over the last few days, a spokesman for the aviation
authority said on Tuesday.
NEWCASTLE, Okla., May 17 (Reuters) - After intense lobbying,
Oklahoma's oilmen scored a victory two years ago. State
lawmakers voted to keep in place some of the lowest taxes on oil
and gas production in the United States - a break worth $470
million in fiscal year 2015 alone.
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