Energy Update

You are here

* Shares up 2.7 pct vs flat Moscow market

(Recasts, adds detail, analysts)

YAOUNDE, June 8 (Reuters) - Cameroon's crude oil production
rose 19.4 percent between January and April, compared with a
year earlier, to 12.3 million barrels, the state oil company SNH
said on Wednesday, without giving a reason for the higher
production.

SYDNEY, June 8 (Reuters) - Tourists, expats and business
owners in Papua New Guinea joined locals in hunkering down for a
night of potential violence amid fears of "payback" against the
nation's police force after it opened fire on a group of
students, wounding several.

ABUJA, June 8 (Reuters) - A Nigerian militant group has
rejected an offer to start talks with the government to end a
series of attacks on oil facilities, a statement said on
Wednesday.

PRAGUE, June 8 (Reuters) - Czech coal miner OKD, the
insolvent unit of New World Resources (NWR) ,
urgently needs a state loan of up to 1 billion crowns ($42.1
million) to keep operating, Industry Minister Jan Mladek said on
Wednesday.

June 8 (Reuters) - Britain's energy market regulator Ofgem
said that it was consulting on National Grid Plc's
request to recover the rising costs of two contracts for grid
services that it agreed with SSE Plc and Drax Group Plc
.

BRUSSELS, June 8 (Reuters) - Growth in natural gas demand
will slow to an average 1.5 percent a year globally through
2021, as stagnation in Europe and uncertainty about Chinese
consumption offsets robust growth in India, the International
Energy Agency (IEA) said on Wednesday.

NAIROBI, June 8 (Reuters) - A nationwide blackout that hit
Kenya on Tuesday was caused by a monkey tripping a transformer
at a hydropower plant, leading to the loss of more than 180
megawatts from the grid, power producer Kenya Electricity
Generating Company (KenGen) said.

(Wed, 08 Jun 2016) While evacuees from the ongoing fires in Fort McMurray have begun to return to the city, a state of emergency remains in place throughout Alberta, Canada, and the temporary shutdown of the area's oil sands production sites continues. EIA estimates that disruptions to oil production averaged about 0.8 million barrels per day (b/d) in May, with a daily peak of more than 1.1 million b/d.

* Police fire on students and public at university and in
capital

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.