Oil Futures Pause in Asia, OPEC Stays in Focus

Oil futures were in a lull in Asian trade on Thursday, pausing after data showed a fall in U.S. crude inventories last week and amid a dearth of fresh updates from the Organization of the Petroleum Exporting Countries. (published 0423 GMT)

Sound Energy to Raise GBP24.1M via Underwritten Offers

Sound Energy PLC said Thursday it is raising 24.1 million pounds via the issue of 29.8 million new ordinary shares, which will be used towards development activity on its Tendrara license, onshore Morocco. (published 0753 GMT)

Scaffolding Collapse at China Power Plant Kills More Than 40

The collapse of construction scaffolding at a power plant under expansion in eastern China killed more than 40 people on Thursday, state media said, the latest deadly accident in a country grappling with poor industrial safety. (published 0722 GMT)

PetroVietnam to Borrow $1.2 Billion From Foreign Banks to Fund Power Project

Vietnam Oil & Gas Group, or PetroVietnam, said Thursday that it will borrow $1.2 billion from foreign banks to fund its project to build a coal-fired power plant in southern Vietnam. (published 0354 GMT)

Philippine President Duterte Plans to Liberalize Energy, Telecom Sectors

President Rodrigo Duterte said his government is working on ways to further open the Philippines' excommunications and power sectors, to attract new investors and improve services. (published 0224 GMT)

Brazil's Petrobras Settles More Individual Shareholder Suits -- Update

Brazilian state-run oil company Petróleo Brasileiro SA said Wednesday it has agreed to settle 11 investor lawsuits related to corruption, the latest step toward resolving a major source of uncertainty and potential liability. (published 2318 GMT Wednesday)

(END) Dow Jones Newswires

November 24, 2016 03:15 ET (08:15 GMT)

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