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Libya Country Analysis Brief

(Thu, 19 Nov 2015) Libya holds the largest amount of proved crude oil reserves in Africa and the fifth-largest amount of proved natural gas reserves on the continent. Libya?s hydrocarbon production and exports have been substantially affected by civil unrest over the past few years. The situation in Libya has recently become even more complicated as vital oil infrastructure has been attacked or caught in cross fire, leading to severe damage that would take months, or maybe years, to repair.

Passenger travel accounts for most of world transportation energy use

(Thu, 19 Nov 2015) The transportation of people and goods accounts for about 25% of all energy consumption in the world. Passenger transportation, in particular light-duty vehicles, accounts for most transportation energy consumption—light-duty vehicles alone consume more than all freight modes of transportation, such as heavy trucks, marine, and rail.

UPDATE 1-China expects consensus to be reached at Paris talks

BEIJING, Nov 19 (Reuters) - China expects world leaders at upcoming climate talks in Paris to be able to reach consensus, the country's climate change special representative Xie Zhenhua said on Thursday, adding Beijing wants a legally binding treaty.

UPDATE 2-Australia watchdog clears Shell's $70 bln bid for BG Group

* Watchdog says deal unlikely to substantially lessen competition

Venezuela president orders investigation after report on U.S. spying

CARACAS, Nov 18 (Reuters) - Venezuelan President Nicolas Maduro said on Wednesday he had ordered an investigation into allegations that the U.S.

BHP Billiton says keeping solid "A" balance sheet is top priority

PERTH, Nov 19 (Reuters) - BHP Billiton said maintaining a solid "A"-rated balance sheet was its top priority and its dividend policy has served shareholders well, when asked whether the company was in a position to ensure it would not cut its dividend.

China climate special rep: expects consensus to be reached at Paris talks

BEIJING, Nov 19 (Reuters) - China expects world leaders at upcoming climate talks in Paris to be able to reach consensus, the country's climate change special representative Xie Zhenhua said on Thursday, adding Beijing wants a legally binding treaty.

Canada's Alberta making credible shift to reduce emissions -federal minister

CALGARY, Nov 18 (Reuters) - Canada's oil-rich province of Alberta is making a credible shift toward a low carbon economy, Canadian Environment and Climate Change Minister Catherine McKenna said on Wednesday, as her government prepares for the upcoming Paris climate talks.

U.S. crude prices edge up on short covering, but oversupply still bites

SINGAPORE, Nov 19 (Reuters) - U.S.

ICA Fluor wins $1.1bn contract to support Miguel refinery upgrade project in Mexico

ICA Fluor joint venture has received $1.1bn detail engineering, procurement and construction (EPC) contract from Mexico's state-owned oil company Pemex subsidiary Pemex Transformacion Industrial to support of the upgrade program at the Miguel Hidalgo refinery in Tula, Hidalgo, Mexico.

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