Energy Update
HELSINKI, April 27 (Reuters) - State-controlled Finnish
refiner Neste reported a bigger-than-expected fall in
first-quarter earnings on Wednesday, due to volatile gasoline
refining margins.
RIYADH, April 26 (Reuters) - Reforms promised by a young
Saudi prince are couched in references to the kingdom's Islamic
tradition but include ideas likely to upset some conservatives,
risking future ruptures over the direction of society.
PARIS, April 27 (Reuters) - French oil and gas major Total
reported a better that expected net profit in the
first quarter of the 2016 as high output and a strong
performance in refining and chemicals helped limit the impact of
a prolonged fall in oil prices.
SINGAPORE, April 27 (Reuters) - Crude oil futures rose half
a dollar in early Asian trading on Wednesday and remained near
2016 highs on the back of strong investor sentiment and a weak
dollar, although analysts warned this month's bull-run could
soon run out of steam.
SAN FRANCISCO, April 26 (Reuters) - Stanford University's
announcement on Monday that it will not rid its $22 billion
endowment of oil and gas companies has raised the ire of campus
climate activists, who said on Tuesday they will protest the
decision.
LONDON, April 27 (Reuters) - Britain should set a 2030
emissions target for the power industry to encourage investment
in new low-carbon power plants and keep the country on track for
its climate targets, a parliamentary committee said on
Wednesday.
State-owned oil company Abu Dhabi National Oil Company (ADNOC) has inaugurated the $10bn Al Hosn sour gas project located around 180km southwest of Abu Dhabi, UAE.
Baker Hughes has launched its LIFESHIELD non-phosphorous corrosion inhibition program for industrial cooling water systems.
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