Energy Update
CARACAS, Feb 23 (Reuters) - Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company's president said on Tuesday.
Feb 23 (Reuters) - Silver Run Acquisition Corp, a U.S.
NEW YORK, Feb 23 (Reuters) - JPMorgan Chase & Co signalled a rough first quarter on Tuesday with double-digit declines in investment banking revenues and a $500 million increase in provisions for expected losses on energy loans.
WASHINGTON, Feb 23 (Reuters) - China has deployed fighter jets to a contested island in the South China Sea, the same island where China has deployed surface-to-air missiles, Fox News reported on Tuesday, citing two U.S. officials.
CARACAS, Feb 23 (Reuters) - A recently-announced Venezuelan military company will provide services to state oil company PDVSA, especially in terms of security in the crime-ridden OPEC country, the company's president said on Tuesday.
Feb 23 (Reuters) - Israeli Prime Minister Golda Meir famously lamented that Moses "took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil." That all changed, though, in 2009, when a massive offshore natural gas field named Tamar was discovered. The following year, an even larger field named Leviathan was also discovered in Israeli waters, and another large find was just announced in January.
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