Energy Update
SOFIA, April 22 (Reuters) - Bulgaria's anti-monopoly
watchdog said it had raided the offices of Eco Petroleum, part
of Hellenic Petroleum, and Shell Bulgaria, owned by
Royal Dutch Shell, in an investigation into possible
cartel agreements.
NEW YORK, April 22 (Reuters) - General Electric Co
reported a higher-than-expected first-quarter profit on Friday,
but organic revenue fell 1 percent, raising questions about the
company's full-year revenue target.
SOFIA, April 22 (Reuters) - Bulgaria's anti-monopoly
watchdog said it had raided the offices of Eco Petroleum, part
of Hellenic Petroleum, and Shell Bulgaria, owned by
Royal Dutch Shell, as part of an investigation into
possible cartel agreements.
OSLO, April 22 (Reuters) - U.S. oilfield equipment maker and
service provider National Oilwell Varco Inc will cut its
Norwegian workforce by another 520 people after low oil prices
resulted in fewer orders, the company said in a statement on
Friday.
* Crude oil rally: http://tmsnrt.rs/1SeW0aW
SINGAPORE, April 22 (Reuters) - Oil prices rose in Asian
trade on Friday, setting crude futures on course for one of
their biggest weekly gains this year, as sentiment has become
more upbeat despite ongoing oversupply.
April 21 (Reuters) - California Public Employees' Retirement
System (Calpers) said its proposal for Anglo American Plc
to report on environmental risks associated with climate
change was passed at the miner's annual shareholders meeting.
MELBOURNE, April 22 (Reuters) - Australia's Santos Ltd
reported a 1 percent rise in first quarter revenue as
it stepped up coal seam gas sales to its Gladstone liquefied
natural gas (LNG) plant, offsetting a collapse in oil and gas
prices.
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