Bloomberg Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela. President Nicolas Maduro and Trinidad and Tobago Prime Minister Keith Rowley signed a deal where Trinidad will purchase gas from Venezuela’s prolific Dragon Field, state-run energy company, Petroleos de Venezuela SA, said in a tweet. Under the terms of …
Read More »Bloomberg CenterPoint Energy Inc. wants to introduce a pilot programme in Minnesota offering customers access to a renewable form of natural gas recovered from dairy farms and landfills. It’s the first such programme in the Midwest, mirroring the push by utilities to offer electricity powered by wind or solar. Methane produced by everything from manure to rotting garbage is the …
Read More »
Bloomberg Petroleos Mexicanos will be free to choose its own partners if Mexico’s next government has its way. President-Elect Andres Manuel Lopez Obrador may seek to change a part of the 2014 energy reforms requiring Pemex receive regulatory approval when choosing partners in oil blocks, according to people with knowledge of the situation. Previously, Lopez Obrador has said that he …
Read More »
Bloomberg Over the past four months, investor optimism that global crude prices will rise has slumped by almost half. Hedge funds’ net-bullish position on Brent crude, a measure of how positive money managers are that prices will gain, has plunged 49 percent since early April as trade wars cloud the picture for oil consumption. Despite a good week for the …
Read More »
Bloomberg President Donald Trump said the US may be on the verge of a “big Trade Agreement†with Mexico as the Nafta representative of that nation’s president-elect signalled that the thorny issue of rules for the energy industry seems to be resolved. Trump emphasised the collaboration with the current and incoming Mexican administrations. “Our relationship with Mexico is getting closer …
Read More »
Bloomberg The UK’s largest solar company has set its sights on becoming a global player now that it’s owned in part by one of the world’s oil majors. “Going forward, this industry will move forward from a cottage industry almost, to an industrialised industry,†Chief Executive Officer Nick Boyle said. “There will be a small number of worldwide players. We …
Read More »
Bloomberg Pipeline giant Enbridge Inc. agreed to buy all outstanding shares of Spectra Energy Partners LP in a deal aimed at streamlining its corporate structure in the wake of US tax changes. The agreement to acquire its master limited partnership is valued at $3.3 billion, based on the closing price of Enbridge shares in New York trading. It follows by …
Read More »
Bahrain/ Emirates Business Gulf Air, the flag carrier of the Kingdom of Bahrain, took delivery of its first A320neo. The aircraft, powered by CFM LEAP-1A engines, made its maiden journey from Toulouse to Bahrain, landing at the Bahrain International Airport at 16:00 local time. The aircraft is the first of the 29 A320neo Family aircraft ordered during the 2016 Bahrain …
Read More »
Bloomberg A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns the world’s biggest shipping operations and is working on turning itself into a pure transport company, said that the decision will take effect sometime next year. Maersk shares opened about 4 percent …
Read More »
Bloomberg Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. Pieridae Energy is negotiating a binding agreement to supply LNG from its proposed Goldboro project in Nova Scotia to Axpo Holding AG, an energy company in Switzerland, …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.