RUSSIA & KUWAIT COOPERATION
Russia's President Vladimir Putin met with Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah this week to discuss opportunities for cooperation in the fields of energy and diplomacy. The two countries also signed a memorandum for military technical cooperation.
"Following their talks, the two heads of state attended the signing of a package of documents," a statement released by the Kremlin on Tuesday says. "These include an intergovernmental agreement on visa-free travel for holders of diplomatic, official and special passports, and memorandums on cooperation in culture and the arts and in transportation, of intent in military technical cooperation and on mutual understanding between Gazprom and the Kuwaiti Oil Corporation."
The memorandum of understanding between Kuwait Petroleum Corporation (KPC) and Gazprom was signed by KPC's CEO Nizar Al-Adsani and Gazprom's Chairman of the Board of Directors, Alexey Miller.
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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.