Energy Update
BEIJING, April 18 (Reuters) - China's Foreign Ministry on
Monday called for talks after Costa Rica's state-run oil
company, Recope, said last week it had decided to abandon a $1.5
billion refinery upgrade project it was working on with China
National Petroleum Corp (CNPC).
MELBOURNE, April 19 (Reuters) - Chevron has agreed
to sell 20 petajoules a year of gas from its Wheatstone project
to Alinta Energy in Western Australia starting in 2020, securing
a customer for more than a quarter of the domestic gas output
from Wheatstone.
LONDON, April 18 (Reuters) - Saudi Arabia's decision to
scupper negotiations on a coordinated oil output freeze in Doha
on Sunday seems to confirm a significant shift in the kingdom's
oil policy.
QUITO, April 18 (Reuters) - Ecuador signed off on Monday on
a credit line for $2 billion from the China Development Bank
(CDB) to finance public investment, the Finance Ministry in the
quake-hit Andean country said in a statement.
RIO DE JANEIRO, April 18 (Reuters) - Brazil's
corruption-battered state oil company Petrobras could be a big
beneficiary if the country's opposition parties impeach
President Dilma Rousseff, investors and analysts said on Monday.
Seventy Seven Energy has signed a restructuring support agreement with certain lenders representing 92.0% of the outstanding principal amount.
Trelleborg Sealing Solutions has identified sealing materials that offer extended life in HFC applications.
Weir Oil & Gas has unveiled the new SPM 2.0 valve & seat for well stimulation pumps used in shale plays globally, following two years of research and more than $1m investment in advanced engineering and comprehensive testing.
The Cascade Generation Station on the Seguin River in Parry Sound, Ontario, Canada, is being upgraded from 1.2 MW to 3.4 MW, according to the project’s owner, Parry Sound PowerGen Corp.
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