Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Friday.
WORLD OIL PRICES
Brent crude held above $112 a barrel on Friday, but remained on track for its third weekly fall in five weeks, as supply concerns diminished with the imminent restart of Britain’s largest oilfield.
KEPPEL CORP LTD
Singapore’s Keppel Corp, the world’s largest oil rig builder, reported third-quarter net profit of S$346 million ($284.5 million), 15 percent lower than the S$406.1 million it made a year earlier, mainly due to lower-margin projects.
The new administration board of state-owned carrier Tarom decided to name Heinrich Vystoupil as CEO of the company. He is the first private manager in a state-owned firm.
The company plans to build a new assembly plant in Brazil, tapping into the growing market for luxury cars in Latin America’s largest economy.
A consortium led by infrastructure firm Ferrovial has won a contract worth $1.4 billion to build a toll road in the U.S. state of Virginia, the Spanish company said on Thursday.
ROYAL DUTCH SHELL
The European oil company has been in talks with the U.S. government over extending its leases for oil development in the Arctic seas north of Alaska, the Financial Times said.
The union-affiliated healthcare trust that is the minority owner of Chrysler Group LLC will have until Nov. 5 to respond to a suit filed by majority owner Fiat SpA, according to a court filing in Delaware on Wednesday.
The French auto parts maker said third-quarter sales rose 7 percent as its expansion in Asia and emerging markets more than offset slumping European demand.
Oil slips but pares loss on shut Canada-U.S. pipeline
Chinese-owned car maker Volvo will on Friday unveil a new chief executive to replace Stefan Jacoby, who suffered a stroke last month but whom the company had previously said would be resuming the helm shortly.
SOUTH SUDAN OIL
South Sudan expects its oil exports to come back to the market in three months after the government ordered oil companies to resume production on Thursday, its oil minister said.