Energy Update
SINGAPORE, April 26 (Reuters) - Crude oil futures rose early
on Tuesday, pushed up by a weaker dollar and a flood of new cash
into the market, but analysts warned that fundamentals remain
weak as a producer race for customers heats up in the Middle
East.
CALGARY, Alberta, April 25 (Reuters) - Oil and gas producer
Husky Energy reported a first-quarter loss on Monday
and said it has agreed to sell a partial interest in a package
of Canadian midstream energy assets to two Hong Kong-based firms
for C$1.7 billion ($1.34 billion) in cash.
State Oil Company of Azerbaijan (Socar) has awarded a front-end engineering design (FEED) contract to Amec Foster Wheeler to upgrade the Heydar Aliyev oil refinery (HAOR) located in Baku.
CALGARY, Alberta, April 25 (Reuters) - Husky Energy
said on Monday it will sell 65 percent ownership in select
midstream energy assets in Canada to Cheung Kong Infrastructure
Holdings Ltd and Power Asset Holdings Ltd
for C$1.7 billion ($1.34 billion).
CALGARY, Alberta, April 25 (Reuters) - Canadian regulators
on Monday recommended the federal government approve Enbridge
Inc's plan to replace one of its major crude oil export
pipelines, but also imposed 89 conditions on the project to
enhance safety and environmental protection.
NEW YORK/SAO PAULO, April 25 (Reuters) - Brazil's government
will ask legislators this week to ratify the Paris climate
agreement, the environment minister said late on Sunday, even as
President Dilma Rousseff faces possible impeachment and lacks
majority support in Congress.
April 25 (Reuters) - Contract driller Nabors Industries Ltd
posted a quarterly loss, compared with a year-earlier
profit, as oil producers used fewer rigs amid persistently low
crude prices.
TORONTO, April 25 (Reuters) - Moody's Investors Service
stripped Alberta of its Aaa credit rating on Monday, becoming
the latest ratings agency to downgrade the Canadian province
after the oil price shock pushed its finances deep into the red.
WASHINGTON, April 25 (Reuters) - The U.S. military conducted
"freedom of navigation" operations against 13 countries last
year, including several in dispute of China's claims in the
South and East China seas, according to an annual Pentagon
report released on Monday.
TORONTO, April 25 (Reuters) - Moody's Investors Service
stripped the Canadian province of Alberta of its Aaa credit
rating on Monday, citing its worsening fiscal position and
resulting rapid rise in debt.
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