Energy Update
PORTLAND, Ore., July 28 (Reuters) - Protesters began gathering in a riverside park in Portland Tuesday evening, planning to drop kayaks in the water to protest Wednesday's scheduled launch of a ship to be used by Royal Dutch Shell for Arctic oil exploration.
State-run Kuwait National Petroleum (KNPC) has awarded contracts worth $11.5bn to develop a proposed refinery in the Al-Zour area, 90km south of Kuwait City.
Technip has agreed on a joint agreement with Egyptian General Petroleum (EGPC) and Assiut Oil Refining (ASORC) for the modernization project of the Assiut refinery, Upper Egypt.
Gazprom’s subsidiary Gazprom Pererabotka Blagoveshchensk has agreed to partner with NIPIgazpererabotka (Nipigaz), a unit of Sibur, to design and construct a gas processing plant in Amur, Russia.
July 28 (Reuters) - Chevron Corp, the second-largest U.S.
July 28 (Reuters) - U.S.
WASHINGTON/OKLAHOMA CITY, July 28 (Reuters) - Two energy companies are shutting injection wells after three strong earthquakes struck near an Oklahoma town, in response to concerns about the practice of injecting wastewater from oil and gas operations deep underground, state regulators said on Tuesday.
July 28 (Reuters) - At face value, Russia's $400 billion deal to supply natural gas to China National Petroleum Corporation, via the state-controlled energy behemoth Gazprom, sounds like a coup for Moscow. But according to recent analysis, the deal is strongly tilted in China's favor. Gazprom will be lucky to break even on the contract and may even lose substantial amounts of money.
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