(Adds Permian rig count in paragraph)
July 8 (Reuters) - U.S. drillers this week added oil rigs
for a fifth week in six, according to a closely followed report
Friday, prompting analysts to predict the rig count has bottomed
and production will start to edge up early next year.
Drillers added 10 oil rigs in the week to July 8, bringing
the total rig count up to 351, compared with 645 a year ago,
energy services firm Baker Hughes Inc said.
LONDON, July 7 (Reuters) - Royal Dutch Shell has
changed its redundancy terms so it can claim tax refunds that
some UK workers would otherwise have been able to claim on
redundancy payments, internal documents seen by Reuters show.
July 8 (Reuters) - Williams Cos Inc, six of whose
directors resigned last week after a failed attempt to oust CEO
Alan Armstrong, said on Friday its annual shareholder meeting
will be held in November.
MILAN/LONDON July 8 (Reuters) - Britain faces a growing risk
of spikes in wholesale gas prices as ageing storage facilities
mean increased maintenance and greater reliance on imports to
meet spot demand.
JUBA, July 8 (Reuters) - Gunfire erupted in South Sudan's
capital on Friday, a day after a clash between rival factions
killed at least five people, a Reuters witnesses reported.
AMSTERDAM, July 8 (Reuters) - Dutch offshore engineer
Boskalis said it was cutting 650 jobs worldwide and
culling 24 vessels in response to what it called drastic changes
in the company's outlook caused by low energy and commodity
prices.
WARSAW, July 8 (Reuters) - U.S. President Barack Obama
expressed concern on Friday over Poland's moves to shackle its
constitutional court, in unusually blunt comments calling on the
former communist EU country's government to do more to protect
democracy.
Australia's only solar panel recycling company is looking to scale up production as the number of broken and end of life systems mounts.
Brexit; It’s been the buzz word dominating the media recently and it’s likely to continue for some time. The UK’s decision to leave the EU has left both supporting sides of the ‘leave’ and ‘remain’ campaign in a somewhat collective state of uncertainty as to how this decision will impact the country right now and in the future years.
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.