Energy Update
MONTEVIDEO, May 21 (Reuters) - Energy importer Uruguay may be sitting atop shallow-lying natural gas reserves as well as previously identified oil resources, Uruguayan state oil company ANCAP said on Thursday, citing seismic studies by an Australian firm.
SANTA BARBARA, May 21 (Reuters) - Cleanup teams labored on Thursday for a third day to remove patches of crude petroleum that stained a California beach and fouled offshore waters from a pipeline rupture that may rank as the biggest oil spill to hit the Santa Barbara coastline in more than four decades.
* Want tough action from Paris U.N.
LONDON, May 21 (Reuters) - Emirates National Oil Co (ENOC) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its "full and fair" bid warranted.
BARCELONA, May 21 (Thomson Reuters Foundation) - The U.N.'s Green Climate Fund can start deciding where to deploy its cash following the signing of an agreement with the Japanese government that means it will have enough money to begin operating.
LONDON, May 21 (Reuters) - Emirates National Oil Co (ENOC) went public on Thursday with an offer to buy out minority shareholders in Dragon Oil for 735 pence a share, after talks with a committee set up by the Turkmenistan-focused oil explorer proved fruitless.
BOGOTA, May 21 (Reuters) - Pacific Rubiales Energy Corp , the largest private oil producer in Colombia, has accepted a C$6.50-per-share takeover bid from Mexican conglomerate Alfa SAB de CV and investment firm Harbour Energy Ltd but said it might consider other offers.
Examining recent developments in the Nigerian gasoline market, where concerns arose over the quarter on payments of subsidies to gasoline suppliers.
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