Israel's Modiin Energy plans to buy North Sea drilling rights
TEL AVIV Modiin Energy said on Sunday it signed a letter of intent to buy 25 percent of the oil drilling rights in a site in shallow North Sea waters in British territory.
OSLO Norway's central bank, which manages the country's $869 billion (702.17 billion pounds) wealth fund, has excluded an additional 15 companies from its portfolio due to their use or production of coal, and plans further exclusions next year, it said on Wednesday.
The world's largest sovereign wealth fund also placed 11 firms under observation for potential future exclusion.
The fund removes companies from its portfolio based on a range of criteria, including the production of tobacco, nuclear arms and products that can contribute to climate change.
In total, Norges Bank has so far excluded 59 companies and placed 11 companies under observation under its so-called product-based coal criterion.
A full list of the firms excluded on Wednesday can be seen here: bit.ly/2hSASKg
(Reporting by Terje Solsvik, editing by Alister Doyle)
VIENNA Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time.
TAIPEI Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion (£5.6 billion), company chairman and chief executive Terry Gou said on Sunday.