Energy Update
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.
May 10 (Reuters) - Husky Energy said it would sell
some assets in southwest Saskatchewan for C$595 million ($461
million) to fellow oil and gas producer Whitecap Resources Inc
as it looks to raise cash.
OTTAWA, May 10 (Reuters) - After a wildfire blazed a path of
destruction in the oil boomtown of Fort McMurray, Canadian towns
in heavily wooded northern Alberta are scrambling to take
precautions against fire as hot weather and dry vegetation
increase the risk.
BRASILIA, May 10 (Reuters) - Minutes after taking her oath
of office in 2011, President Dilma Rousseff stood before
Congress and pledged to end the dirty back-room deals and
kickback schemes at the heart of Brazilian politics.
NEW YORK, May 10 (Reuters) - After their hot rally at the
end of last year, shares of solar energy firms have turned ice
cold as concerns about slower growth and regulatory
uncertainties plague the group.
NIAMEY, May 10 (Reuters) - Niger's economy is expected to
grow by 5.2 percent this year, the International Monetary Fund
said on Tuesday, buoyed by agriculture and expected improvements
in mining and oil production.
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