Energy Update
Brian Scheid spoke at the Platts Global Crude Oil Summit and gave some insight into one of the biggest variables around US oil: the next president.
AMSTERDAM, May 12 (Reuters) - Shares in Dutch offshore
energy engineer Sif Group rose on their first day of
trading in a sign that investors are attracted to a company that
stands to benefit from government pledges to boost renewable
power generation.
* Canadian oil sands output gradually returns after
wildfires
* OPEC to focus on dialogue, not action at June meeting -
Kuwait
* But more U.S. crude inventory draw to tighten market -
analysts
* Supply cuts and disruptions have virtually wiped out
global glut
MELBOURNE, May 12 (Reuters) - ExxonMobil Corp said
on Thursday it plans to expand its Altona refinery in Australia
by 10,000 barrels per day (bpd) to 90,000 bpd to increase output
of diesel and jet fuel for the local market.
May 12 (Reuters) - Irish oil producer Petroceltic
International Plc said a court examiner had selected its
largest shareholder, Worldview Capital Management, to take
control of the group.
COPENHAGEN, May 12 (Reuters) - Danish majority state-owned
utility DONG energy plans an initial public
offering (IPO) on the Nasdaq Copenhagen stock exchange this
summer, it said in an intention to float statement issued on
Thursday.
FRANKFURT, May 12 (Reuters) - German utility RWE
has sold 90 percent of its 2016 power production, 90 percent of
2017 output, and 70 percent of 2018 production at above-market
prices, it said on Thursday.
TOKYO, May 12 (Reuters) - Japan Petroleum Exploration
(Japex) will not restart production at its Hangingstone oil
sands concession in Alberta, Canada, for the foreseeable future
due to low prices, even after devastating fires in the area were
brought under control.
BEIJING, May 12 (Reuters) - China National Petroleum Corp
(CNPC), the parent of PetroChina , said on
Thursday that it will start laying the China section of a second
crude oil pipeline to Russia in June.
OKLAHOMA CITY, May 12 (Reuters) - As the number of
earthquakes in Oklahoma exploded into the hundreds in the last
few years, nearly a dozen insurance companies moved to limit
their exposure, often at the expense of homeowners, a Reuters
examination has found.
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