Energy Update

You are here

Home » Global Read

CANADA STOCKS-TSX slips as energy, financial losses offset miner gains

TORONTO, Dec 23 (Reuters) - Canada's main stock index
slipped on Friday, ending a six-day rising streak as losses
among energy and financial stocks outweighed gains for gold
miners.

240-MW Pumped Storage Project Proposed for Mineville, N.Y.

An ambitious group of engineers from Albany Engineering Corp. see the shafts at an abandoned, centuries-old iron mine in New York's Adirondacks as way to create the 240-MW Mineville closed-loop pumped-storage project.
 

WRAPUP 1-Trump's nuclear remarks test bid to improve Russia ties

WEST PALM BEACH, Fla./MOSCOW, Dec 23 (Reuters) - U.S.
President-elect Donald Trump upped the stakes on Friday in a
back-and-forth exchange with President Vladimir Putin over
nuclear weapons that tested the Republican's promises to improve
relations with Russia.

New Mexico nuclear waste site could restart operations in January

Dec 23 (Reuters) - The United States' only permanent nuclear
waste disposal site got the go-ahead on Friday to resume
operations nearly three years after a radiation leak shut down
the New Mexico facility.

Argentine oil and gas workers union sees new labor pact soon

BUENOS AIRES, Dec 23 (Reuters) - Argentine energy companies
and their employees should have a new labor contract next month
that could reduce uncertainty for potential investors in the
sector, a key labor group leader told Reuters on Friday.

UPDATE 1-U.S. drillers add oil rigs for 8th week in a row -Baker Hughes

(Adds rate of rig increase, comparisons to year ago)
Dec 23 (Reuters) - U.S. energy companies added oil rigs for
an eighth week in a row, extending a seven-month drilling
recovery as crude prices remained near a 17-month high.
Drillers added 13 oil rigs in the week to Dec. 23, bringing
the total count up to 523, the most since December 2015, but
still below the 538 rigs seen a year ago, energy services firm

Industry confidence low in Canada's oil sands as Statoil, Koch exit

CALGARY, Alberta, Dec 23 (Reuters) - Canada's oil sands
prospects were buoyed by recent pipeline approvals, but news of
two companies ditching local projects on the same day served as
a reminder that industry confidence is still weak.

U.S. drillers add oil rigs for 8th week in a row -Baker Hughes

Dec 23 (Reuters) - U.S. energy companies added oil rigs for
an eighth week in a row, extending a seven-month drilling
recovery as crude prices remained near a 17-month high.
Drillers added 13 oil rigs in the week to Dec. 23, bringing
the total count up to 523, the most since December 2015, but
still below the 538 rigs seen a year ago, energy services firm
Baker Hughes Inc said on Friday.

UPDATE 1-Bonanza Creek, other U.S. energy firms announce Chapter 11 plans

Dec 23 (Reuters) - Bonanza Creek Energy Inc and two
other energy firms announced on Friday plans to file for
bankruptcy in coming weeks, joining a long list of U.S. energy
companies that have succumbed to a drop in oil prices.

Putin says Russian government has control of Rosneftegaz's money

MOSCOW, Dec 23 (Reuters) - The Russian government is in
control of cash on the books of state holding company
Rosneftegaz and spending from those reserves is "absolutely
transparent", President Vladimir Putin said on Friday.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos