Energy Update
Oct 28 (Reuters) - A Native American tribe and other
activists opposed to a multibillion-dollar oil pipeline project
in North Dakota vowed on Friday to continue their fight through
direct action, legal challenges and growing celebrity support, a
day after police arrested 141 of their members.
SAO PAULO, Oct 28 (Reuters) - The Brazilian government
awarded licenses for companies to build and operate 6,126 km
(3,829 miles) of power transmission lines, finding investors for
21 of 24 lots offered in an auction on Friday.
CHICAGO, Oct 28 (Reuters) - Paragon Offshore Plc
said on Friday it was evaluating its options after a U.S. judge
rejected the offshore rig contractor's plan to exit bankruptcy,
an unusual setback for a corporate Chapter 11 proceeding.
VIENNA/DUBAI, Oct 28 (Reuters) - OPEC officials meeting in
Vienna to work out the details of their plan to reduce oil
production failed to reach agreement after hours of talks on
Friday, amid objections by Iran which has been reluctant to even
freeze its output, OPEC sources said.
NEW YORK, Oct 28 (Reuters) - Industrial giant General
Electric Co and oilfield services company Baker Hughes, both
beset by difficulties during oil's two-year price rout, may have
a clear path out of the doldrums: join forces.
Oct 28 (Reuters) - A Native American tribe and other
activists opposed to a multibillion-dollar oil pipeline project
in North Dakota vowed on Friday to continue their fight through
direct action, legal challenges and growing celebrity support, a
day after police arrested 141 of their members.
HOUSTON, Oct 28 (Reuters) - Exxon Mobil Corp, whose
oil field assets are being investigated by the U.S. government,
warned on Friday it may need to slash proved reserves on its
books by nearly 20 percent if oil prices stay low for the rest
of 2016.
WASHINGTON, Oct 28 (Reuters) - Fayez Sarofim, a billionaire
darling of Houston high society known for running a Texas
investment company, has agreed to pay a $720,000 civil penalty
for failing to report the purchase of voting securities of
Kinder Morgan and Kemper Corporation, the Federal Trade
Commission said on Friday.
PARIS, Oct 28 (Reuters) - France has delayed a decision on
promised nuclear reactor decommissioning, effectively putting on
hold a process that could ultimately be overturned with a change
of government next year.
BRUSSELS, Oct 28 (Reuters) - The European Union has lifted a
cap on Gazprom's use of the Opal pipeline in Germany
which takes gas from its Nord Stream Baltic Sea pipeline to
end-users in Germany and the Czech Republic, opening the way for
Russia to expand Nord Stream's capacity and bypass Ukraine as a
gas transit route.
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.