Energy Update
HOUSTON, Jan 4 (Reuters) - U.S. "stripper well" operators, the nation's smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oil market.
(Mon, 04 Jan 2016) The energy component of the widely followed S&P Goldman Sachs Commodity Index (GSCI) fell 41% from the start of 2015, a larger decline than the industrial metals, grains, and precious metals components, which declined 24%, 19%, and 11%, respectively, in 2015.
(Corrects second paragraph to show tensions between Saudi Arabia and Iran) * Won falls on intervention risk as yuan hits 4-1/2-yr low * Shares down on tepid China PMI SEOUL, Jan 4 (Reuters) - The South Korean won and shares weakened on Monday morning as a survey on Chinese factory activity for December came in below forecasts, rekindling concerns over the economic health of South Korea's biggest trading partner. A flare-up in tensions between Saudi Arabia and Iran also spurre
(Corrects year in paragraph 5 to 2015) By Henning Gloystein SINGAPORE, Jan 4 (Reuters) - Oil prices jumped over 2 percent in the first trading hours of 2016 as relations between Middle Eastern rivals Saudi Arabia and Iran deteriorated following Riyadh's execution of a prominent Shi'ite Muslim cleric. Saudi Arabia cut diplomatic ties with Iran on Sunday, responding to the storming of its embassy in Tehran in an escalating row between the two major oil producers over Riyadh's execut
Polish oil refiner and petrol retailer PKN Orlen’s subsidiary Orlen Upstream has completed acquisition of independent oil and gas company FX Energy for $125m.
Clough announce that Clough AMEC has been awarded a new three year contract with ConocoPhillips in Australia, to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development, located in the Timor Sea.
Polarcus announce a two-year extension of the support services agreement with Turkish Petroleum covering seismic data acquisition management, maritime management and crewing support.
WASHINGTON, Jan 3 (Reuters) - The United States on Sunday responded to Saudi Arabia's decision to cut diplomatic ties with Iran by encouraging diplomatic engagement and calling for leaders throughout the region to take "affirmative steps" to reduce tensions.<
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