Energy Update

You are here

Home » Global Read

UPDATE 2-Oil rises on U.S. crude inventory draw, falling Chinese output

* OPEC says it is optimistic about output cut

(Adds China oil data, updates prices)

China Sept coal output falls ahead of Beijing's step to boost supplies

BEIJING, Oct 19 (Reuters) - China's coal output output fell
12.3 percent last month, extending a prolonged period of
government-enforced cuts before Beijing gave the go-ahead for
producers to reopen shuttered capacity amid a surge in prices.

UPDATE 1-Abengoa unit wins U.S. court nod to join restructuring plan

CHICAGO, Oct 18 (Reuters) - A leading bankrupt subsidiary of
Abengoa SA won U.S. court approval on Wednesday to join
a $10 billion debt-restructuring agreement in Spain, a week
before a deadline for the renewable energy firm to secure
creditor support for the plan.

UPDATE 2-BHP says sees early signs of commodity recovery

* Sticks to most FY17 production guidance forecasts

(Recasts, adds analyst comment, details)

Oil rises on reported U.S. crude inventory draw, expected OPEC cut

SINGAPORE, Oct 19 (Reuters) - Oil prices rose early on
Wednesday, pushed up by a report of a fall in U.S. crude
inventories and an OPEC statement saying a planned production
cut was achievable, although analysts warned that Chinese
economic data could erode the bullish momentum.

CNPC's natgas block in Peru likely has 3-4 TCF in reserves -govt

LIMA, Oct 18 (Reuters) - China National Petroleum
Corporation Corp likely has 3-4 trillion cubic feet
of proven natural gas reserves in an energy block it operates in
southern Peru, Peru's president said Tuesday.

Prospex secures approval to drill onshore well in Poland

Prospex Oil and Gas has secured approval from the Ministry of Environment to drill the Boleslaw-1 well in the 1,150km2 Kolo license, onshore Poland.

Crestwood Equity, Williams to restructure gas gathering agreement with Chesapeake

Williams Partners and Crestwood Equity Partners, as 50/50 joint venture partners in the Bucking Horse natural gas processing plant and Jackalope Gas Gathering System, announced they have signed an agreement with Chesapeake Energy Corporation to restructure natural gas gathering and processing services in Wyoming’s Powder River Basin.

UPDATE 1-Exxon Mobil to start drilling first Liberia well in November

MONROVIA, Oct 18 (Reuters) - Exxon Mobil Corp will
start drilling its first exploratory well off the coast of
Liberia in November, the world's largest publicly traded oil
company said on Tuesday.

Abengoa unit wins U.S. court nod to join restructuring plan

CHICAGO, Oct 18 (Reuters) - A leading bankrupt subsidiary of
Abengoa SA won U.S. court approval on Wednesday to join
a $10 billion debt-restructuring agreement in Spain, a week
before a deadline for the renewable energy firm to secure
creditor support for the plan.

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