Energy Update
Aug 3 (Reuters) - First Solar Inc posted a 86
percent drop in quarterly profit due to a restructuring charge
of $86 million, primarily related to the decision to end
production of the TetraSun crystalline silicon product.
Aug 3 (Reuters) - Tesla Motors Inc reported its
13th straight quarterly loss as a rise in sales of its Model S
and Model X electric cars failed to make up for the huge cost of
ramping up production.
Aug 3 (Reuters) - Out of 900 water samples tested from a
major Canadian river polluted by an oil spill last month, five
exceeded drinking water guidelines, officials said on Wednesday,
cautioning it was unclear when the river would be safe to drink
from again.
Aug 3 (Reuters) - Britain's RMT union said on Wednesday that
industrial action over proposed cuts and changes to working
conditions for maintenance workers on Shell's North Sea
oil and gas platforms would go ahead on Thursday.
LONDON/TORONTO, Aug 3 (Reuters) - De Beers' Gahcho Kue
diamond mine in Canada's Northwest Territories is expected to
reach full commercial production early next year, Anglo American
said on Wednesday.
HOUSTON, Aug 3 (Reuters) - Targa Resources on
Wednesday said three liquefied petroleum gas (LPG) export
cargoes were canceled out of its Galena Park terminal near
Houston, Texas in the past two months amid fluctuating Asian
demand and collapsing prices.
HOUSTON, Aug 3 (Reuters) - Nimble U.S. shale oil producers
continue to show an uncanny ability to squeeze more and more
crude from new wells, allowing them to do more with less as they
try to weather another dip in oil prices to $40 a barrel.
MONTREAL, Aug 3 (Reuters) - Irving Oil said on Wednesday it
agreed to buy Ireland's only refinery from Phillips 66,
a deal that will extend the Canadian company's reach across the
Atlantic.
Don’t let recent negative news, such as the bankruptcy filing at SunEdison, fool you — renewable energy’s time has arrived. Though market adoption has been slow, renewable energy — driven largely by wind and solar — has gained market share over the past few years, overtaking nuclear power in 2011 and accounting for more than 10 percent of all energy used in the U.S. in 2015.
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.