Energy Update
(Wed, 11 May 2016) Projections of world energy supply and demand through 2040.
JAKARTA, May 11 (Reuters) - Indonesia's state-owned
aluminium producer PT Indonesia Asahan Aluminium (Inalum) plans
to increase its output to 500,000 tonnes a year by 2020 from its
current production level of 260,000 tonnes, said Dante Sinaga,
who heads the firm's coal power station development project.
MELBOURNE, May 11 (Reuters) - Australian oil and gas company
AWE Ltd said on Wednesday it had rejected a A$421
million ($311 million) takeover approach from U.S.-based private
equity fund Lone Star, calling the offer too cheap.
HOUSTON, May 10 (Reuters) - Saudi Arabia needs "fundamental
change," and a public sale of shares in Saudi Aramco, the
national oil company, may be part of the solution, former U.S.
Secretary of State James Baker said on Tuesday.
LONDON, May 10 (Reuters) - The rally that carried oil prices
up by more than $20 per barrel between the middle of January and
the end of April seems to have run out of steam for the time
being.
SINGAPORE/HONG KONG, May 10 (Reuters) - Noble Group
is set to clinch about $3 billion in bank credit,
sources close to the matter said, in a move that will help
Asia's biggest commodity trader to overcome a major refinancing
hurdle this year.
May 10 (Reuters) - Bankrupt solar company SunEdison's
"yieldcos" - TerraForm Global Inc and Terraform Power
Inc - said their units had amended credit agreements to
extend the date for filing financial reports.
RIO DE JANEIRO, May 10 (Reuters) - Brazil plans to publish
rules allowing companies other than state-run Petrobras to
operate some oil production-sharing contracts in offshore
Subsalt Polygon blocks, a source participating in discussions of
the rules told Reuters.
BUENOS AIRES, May 10 (Reuters) - Argentina's farmers are
facing a sharp increase in transportation costs after fuel
prices were hiked in recent months, dismaying a sector that has
been one of center-right President Mauricio Macri's biggest
allies.
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