Energy Update

You are here

Home » Global Read

UPDATE 1-Cost cuts help refiner Valero beat profit estimate

Oct 25 (Reuters) - Valero Energy Corp's quarterly
profit beat analysts' estimate by a wide margin, as the largest
independent U.S. refiner kept a tight leash on costs.

Miner Freeport-McMoRan returns to profit after nearly 2 years

Oct 25 (Reuters) - Diversified U.S. miner Freeport-McMoRan
Inc swung to a profit after seven quarters of losses,
helped by cost cutting and asset sales to combat a weakened
commodity market.

Encouraging Results from ABB's Hybrid Renewable Microgrids

Low-carbon microgrids have assumed a place in the strategic agendas of some of the world's largest power and industrial engineering corporations. That includes Swedish-Swiss ABB, whose roots in the now fast moving microgrid market segment date back some 25 to 30 years.

UPDATE 2-Fukushima nuclear clean-up may rise to several billion dollars a year -govt

* Decommission costs to rise significantly from less than
$800 mln per year

Iraq seeks OPEC deal that would preserve oil output

BAGHDAD, Oct 25 (Reuters) - Iraq told a top OPEC official on
Tuesday of its hope that the group could reach a deal to lift
oil prices while preserving its own output level, a spokesman of
the oil ministry said.

UPDATE 1-Baker Hughes posts smaller-than-expected loss as cost cuts pay off

Oct 25 (Reuters) - Oilfield services provider Baker Hughes
Inc reported a much smaller-than-expected quarterly loss
as the company's aggressive cost-cutting measures paid off.

D.E.Shaw proposes to replace SunEdison as Terraform Power sponsor

Oct 25 (Reuters) - Hedge fund manager D.E. Shaw and Co made
a non-binding proposal to replace SunEdison Inc as
the operating sponsor of the bankrupt solar company's yieldco
Terraform Power Inc, according to a regulatory filing
on Tuesday.

Challenges and Potential for Pumped Storage Hydropower, As Energy Storage Legislation Lags in UK

A series of recent reports from the UK calls for commitment and effective policies to support energy storage deployment across the country. In one report — Energy Storage in the UK: An Overview — the Renewable Energy Association (REA) observe that UK energy storage capacity stands at a total of 3.23 GW via some 35 grid-scale storage projects and over 1,500 residential storage systems.

UPDATE 1-Venezuelan and Russian ministers discuss joint action on oil markets

MOSCOW, Oct 25 (Reuters) - Venezuelan Oil Minister Eulogio
Del Pino and Russian Energy Minister Alexander Novak have
discussed coordinating action on the global oil markets,
Russia's Energy Ministry said in a statement.

Baker Hughes posts bigger loss on impairment charges

Oct 25 (Reuters) - Oilfield services provider Baker Hughes
Inc reported a bigger quarterly loss due to impairment
charges.

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