Energy Update
BENGHAZI, Libya, March 27 (Reuters) - Forces loyal to a rival Libyan government controlling the capital Tripoli have withdrawn from frontline bases near the country's biggest oil ports, a spokesman said on Friday, raising hopes the ports might soon be reopened.
March 27 (Reuters) - The number of rigs drilling for oil in the United States declined by 12 this week to 813, the smallest decline since December, oil services firm Baker Hughes said in its closely watched survey on Friday.
March 27 (Reuters) - The number of U.S.
SAO PAULO, March 27 (Reuters) - Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive arrested in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA.
March 27 (Reuters) - The number of U.S. initial public offerings fell sharply in the first quarter as shaky equities and commodities markets took their toll, after a record number of companies went public last year.
The March 24 opinion from the U.S. District Court for Nevada granted in part and denied in part Ormat’s motion to dismiss an action brought by ex-Ormat employees under the False Claims Act. The ex-employees are alleging fraud by Ormat in its preparation of three Section 1603 cash grant (Cash Grant) applications for geothermal projects. In theory, either party could appeal, but that seems unlikely.
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