Energy Update
CARACAS, April 21 (Reuters) - An international arbitration
center has ordered Venezuela to pay British cattle company
Vestey Group nearly $100 million for the nationalization of
cattle ranches, pilling fresh pressure on the cash-strapped
leftist government.
April 21 (Reuters) - Schlumberger Ltd, the world's
No.1 oilfield services provider, reported a 48.6 percent slump
in quarterly profit, as spending cuts by oil producers continued
to take a toll.
April 21 (Reuters) - SunEdison Inc asked a U.S.
bankruptcy judge on Thursday to appoint an independent examiner
to review recent transactions, although the company said it is
not aware of any particular wrongdoing.
April 21 (Reuters) - Schlumberger Ltd, the world's
No.1 oilfield services provider, reported a 48.6 percent slump
in quarterly profit, as spending cuts by oil producers continued
to take a toll.
CARACAS, April 21 (Reuters) - Venezuela will begin cutting
electricity supplies amid a prolonged drought that has limited
power generation, the electricity minister said on Thursday, an
unpopular measure for a population already struggling to obtain
food and medicine.
CARACAS, April 21 (Reuters) - Venezuela will cut power for
four hours per day during forty days starting next week amid a
drought that has limited hydroelectric power generation, the
country's Electricity Minister Luis Motta said on Thursday.
MEXICO CITY, April 21 (Reuters) - A leak caused a deadly
petrochemical plant blast that has killed at least 13 people and
the toll could rise, Mexican oil company Pemex said on Thursday,
the latest in a series of fatal accidents to batter the company.
Platts senior editor Eklavya Gupte explores some of the ramifications on the global oil markets of the failure by major oil producers to agree on an output freeze in Doha.
LONDON, April 21 (Reuters) - Anglo American will
launch a fresh review of executive pay after a significant
number of shareholders voted against Chief Executive Mark
Cutifani's 3.4 million-pound ($4.9 million) pay deal for 2015,
partial voting results showed on Thursday.
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