Energy Update
YENAGOA, Nigeria, May 10 (Reuters) - Oil companies operating
in Nigeria should evacuate staff from the southern Niger Delta
following several attacks on oil facilities, a senior oil
workers' union official said on Tuesday.
May 10 (Reuters) - Solar panel installer Vivint Solar Inc
said it would participate in SunEdison Inc's
bankruptcy case to maximize its recovery from claims against
SunEdison, which terminated its agreement to buy Vivint in
March.
MILAN, May 10 (Reuters) - Italy's biggest utility Enel
expects to complete asset sales this year worth around
one billion euros ($1.1 billion), a sixth of its four-year
disposal target, CFO Alberto De Paoli said on Tuesday.
May 10 (Reuters) - Solar panel installer Vivint Solar Inc
said it would participate in SunEdison Inc's
bankruptcy case to maximize its recovery from claims against
SunEdison, which terminated its agreement to buy Vivint in
March.
TOKYO, May 10 (Reuters) - Japanese oil refiner Idemitsu
Kosan Co said on Tuesday its joint venture with
Canada's AltaGas would suspend a liquefied natural gas
(LNG) project in Canada for the foreseeable future due to low
energy prices.
MOSCOW, May 10 (Reuters) - OPEC is effectively extinct as a
united organisation and the time when it could determine global
oil market conditions should be forgotten, Igor Sechin, head of
Russia's biggest oil firm Rosneft, told Reuters.
FORT MCMURRAY, Alberta, May 10 (Reuters) - Repair crews were
expected to assess wildfire damage to the Canadian energy
boomtown of Fort McMurray on Tuesday as the oil sands companies
surrounding the ravaged city looked at bringing production back
on line.
SINGAPORE/HONG KONG, May 10 (Reuters) - Noble Group
is set to clinch about $3 billion in bank credit
facilities, sources close to the matter said, but it will have
to offer the highest interest rate it has ever paid as lenders
are wary after its ratings downgrades to junk status.
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