Energy Update
The International Bank of Azerbaijan will grant $1.8bn financing to Azerbaijan state energy company Socar to fund a refinery upgrade program and drilling work.
Linde Group has launched new €5m research facility at Pullach near Munich, Germany to advance refine steam reforming technology for the production of synthesis gas.
BOGOTA, Oct 15 (Reuters) - Colombian state-run oil producer Ecopetrol will restart operation of its Cartagena refinery on Nov.
Knight Construction & Supply Co. has won a $3.7 million contract from the U.S. Army Corps of Engineers to rehabilitate spillway gates at the Blue River Dam in Oregon.
DICKINSON, N.D./NEW YORK, Oct 15 (Reuters) - Occidental Petroleum Corp, the fourth-largest U.S. oil producer, has agreed to sell all of its North Dakota shale oil acreage and assets to private equity fund Lime Rock Resources in a deal worth around $500 million, according to sources familiar with the matter.
Oct 15 (Reuters) - Schlumberger Ltd, the world's No.1 oilfield services provider, reported a marginally better-than-expected quarterly profit, as deep cost cuts and efficiency improvements helped cushion the impact of weak North American drilling activity.
Oct 15 (Reuters) - Schlumberger Ltd, the world's No.
LONDON, Oct 15 (Thomson Reuters Foundation) - The process of countries building their own national plans to use more clean energy and cut climate-change risks - the basis for a new global climate deal - has kick-started genuine action in many of those countries, climate experts argued on Thursday.
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