Energy Update
London’s streets were rumored to be paved with gold, once upon a time. Now they seem to be paved with chit-chat and hearsay regarding the future of the City’s bullion trade.
NEW YORK, March 2 (Reuters) - Jeffrey Sprecher has defined his career by buying up rivals of Intercontinental Exchange Inc, the company he founded as an upstart in 2000. Now he is at it again.
SEOUL, March 2 (Reuters) - South Korea plans to boost imports of Iranian condensate this year, the country's trade and energy ministry said on Tuesday. "We will increase oil and natural gas imports from Iran, especially Iranian condensate," the ministry said in a statement. It added that the two countries would establish a payment system to facilitate smooth trade of crude and condensate between National Iranian Oil Company and South Korea's SK Energy and Hyundai Oil Bank. South Kor
WASHINGTON, March 1 (Reuters) - Aubrey McClendon, former chief executive officer of Chesapeake Energy Corp, was charged on Tuesday with conspiring to rig bids to buy oil and natural gas leases in Oklahoma, the Justice Department said.
March 1 (Reuters) - In the 16 months since Oklahoma oilman Harold Hamm dismissed OPEC as a "toothless tiger" because of growing U.S. energy independence, shares in his Oklahoma City-based Continental Resources Inc, a major shale oil driller, have fallen about 60 percent.
WASHINGTON, March 1 (Reuters) - A group of engineers within the U.S. nuclear power regulator is concerned that a design flaw in nearly all U.S. nuclear plants could endanger emergency core cooling systems.
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