September, 2017

• 16 September

  Judge blocks Trump ‘to punish sanctuary cities’

  

  Bloomberg The Trump administration lost another round in its effort to punish cities that don’t cooperate with its crackdown on undocumented immigrants. A Chicago federal judge ruled the US Justice Department can’t withhold millions of dollars in grants supporting public safety from cities that refuse to share with federal officials the immigration status of suspects in custody. The limited restrictions …

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• 16 September

  Hurricane Jose could threaten NY next week

  

  Bloomberg Hurricane Jose may threaten New York City (NYC) and other areas of the East Coast by next week, according to the National Hurricane Center. The storm, about 885 kilometers south-southeast of Cape Hatteras, North Carolina, strengthened into a Category 1 hurricane Friday as it churned through the Atlantic Ocean. Jose’s path could put it near New Jersey and New …

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• 16 September

  India plans larger oil auctions as Modi pursues import cuts

  

  Bloomberg India will offer larger areas with higher oil and natural gas reserves in the next auction of discovered fields later this year as Prime Minister Narendra Modi’s government seeks to curtail rising crude oil imports. “The next round would be meatier, bigger and players can expect even better fields,” Atanu Chakraborty, head of oil regulator Directorate General of Hydrocarbons, …

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• 16 September

  India’s August Iran oil imports drop to lowest in 18 months

  NEW DELHI / Reuters India imported 335,400 barrels per day (bpd) oil from Iran in August, the lowest level since February 2016, posting a fall of about 42 percent from a year ago, according to ship tracking data obtained from industry sources and data compiled by Thomson Reuters Oil Research & Forecasts. August imports from Iran were down 19.2 percent …

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• 16 September

  Libya’s Sharara oilfield pumping only 180,000 bpd

  NEW DELHI / Reuters Libya’s Sharara oilfield is producing about 180,000 barrels per day (bpd), 100,000 bpd below recent levels, because of security problems, two workers at the field said. They said that a facility about 40 km west of the field was shut because of poor security, hindering the recovery of production since the field reopened after a pipeline …

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• 16 September

  Saudi Aramco to finish first unit in Jizan refinery by 2017 end

  

  KHOBAR / Reuters Saudi Aramco is expected to complete the first major unit of a new refinery in southwestern Jizan province by the end of this year but refining operations will only start a year later, industry sources said. The refinery on the Red Sea is part of a plan to revive the region by building an economic city which …

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• 16 September

  China’s oil giant begins partner search in Mexico’s deep waters

  

  Bloomberg Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach. After bidding alone for exploration rights in Mexico’s first-ever deep-water auction in 2016, Cnooc is seeking deals known as farmouts, a common type of joint venture where a stake in an oil prospect is exchanged …

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• 16 September

  New China energy star still hungry after $9bn Rosneft deal

  

  Bloomberg A $9 billion stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy Co. A week after China’s largest private energy company struck a deal for a chunk of Rosneft PJSC, it’s been pegged as a possible investor in a Russian metals and power business and a free-trade zone in Georgia’s Black …

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• 16 September

  India’s NTPC triples gas use amid power supply shortages

  

  Bloomberg NTPC Ltd., India’s biggest electricity producer, has boosted natural gas-fired generation as a drop in hydropower, nuclear and wind energy increases demand for thermal power, according to company officials with knowledge of the situation. Plant utilisation at NTPC’s gas-fired stations has almost tripled to 60 percent in the past three to four days, said the officials, who asked not …

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• 16 September

  China’s Ant to renew US review of moneyGram sale

  

  Bloomberg Ant Financial is expected to make a third try for US approval of its takeover of MoneyGram International Inc. as a secretive national security panel throws up hurdles for Chinese investors seeking to buy American companies. The former affiliate of Jack Ma’s Alibaba Group Holding Ltd. is preparing to resubmit the $1.2 billion deal for review before the US …

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