US & UAE AGREEMENT
A memorandum of understanding signed by the US and the United Arab Emirates will focus on five areas: energy policy formulation, energy efficiency, the energy-water nexus, carbon capture and storage, and unconventional oil and gas development.
The MOU was signed Oct. 1 at the US-UAE Strategic Energy Dialogue in Washington, DC, by US Sec. of Energy Ernest Moniz and UAE Energy Minister Suhail Al Mazrouei, and creates a framework for cooperation.
The US Department of Energy said the parties agreed on milestones and timelines and will hold the next meeting in Abu Dhabi in 2015. The inaugural meeting was held in June in Abu Dhabi.
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PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.
Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.