Energy Update
Brazilian state-run oil company Petroleo Brasileiro (Petrobras) has signed an agreement to divest its 67.19% stake in its Argentina subsidiary to Pampa Energia for $892m.
Rosneft and Vietnam Oil and Gas Group (PVN) PetroVietnam have signed a cooperation agreement.
Tiotal has inaugurated the Laggan-Tormore project at the Shetland Gas Plant in the presence of government and industry partners including Amber Rudd MP, the UK Government Secretary of State for Energy and Climate Change and Patrick Pouyanne, Chairman and CEO of Total.
May 15 (Reuters) - Norway's sovereign wealth fund, the
world's largest, said on Sunday it plans to join the
class-action lawsuits filed against Volkswagen AG
over the German automaker's emissions scandal.
LONDON/LAGOS, May 15 (Reuters) - The growing fleet of
tankers stuck off Nigeria unable to unload their cargoes of
diesel and petrol is an even-present reminder for President
Muhammadu Buhari that another fuel crisis is looming on the
horizon.
ABU DHABI, May 15 (Reuters) - Abu Dhabi's state-owned
National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of
the year, and 2,000 of the lay-offs have already been carried
out, Middle East news service MEED reported on Sunday.
DUBAI, May 15 (Reuters) - Major Middle Eastern stock markets
fell on Sunday after Moody's cut the debt ratings or outlooks of
many countries, while Dubai construction firms dropped steeply
after reporting first-quarter earnings.
May 14 (Reuters) - Hundreds of climate change activists in
Washington state and New York mobilized on Saturday as part of a
global protest against fossil fuels, event organizers said.
ABUJA, May 14 (Reuters) - Nigeria's President Muhammadu
Buhari needs to address grievances in the Delta region where
militants have been blowing up oil pipelines in a conflict that
has become a "major concern", a senior British official said on
Saturday.
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