Energy Update
SINGAPORE, June 3 (Reuters) - Noble Group said it
is raising $500 million in a fully underwritten rights issue and
its chairman and biggest shareholder Richard Elman will step
down within 12 months, as the company struggles with weak
markets and the fallout from an accounting dispute.
LAUNCESTON, Australia, June 3 (Reuters) - There are two ways
of looking at the OPEC meeting in Vienna, and neither is wrong.
Firstly it was a success as the Saudis and Iranians managed to
be relatively nice to each other, and secondly it was a failure
because everybody can still pump as much oil as they feel like.
MELBOURNE/SYDNEY, June 3 (Reuters) - When Frances Miao put
solar panels on the rooftop of her three-storey home in the
Sydney suburb of Hunters Hill, the emergency doctor planned to
wait five years before spending more on battery storage.
It may be time to re-think J. Paul Getty's famous formula for success: rise early, work hard, strike oil.
To celebrate six months since we kicked off our coverage of Asian grains markets, here are a handful of trends that have emerged in this space.
NEW DELHI/WASHINGTON, June 3 (Reuters) - Two years ago there
were questions over whether Indian Prime Minister Narendra Modi
could get a visa to enter the United States. Next week he visits
Washington as one of President Barack Obama's closest
international partners.
NEW YORK, June 2 (Reuters/LPC) - Banks are increasingly
requiring U.S. oil and gas companies to maintain minimum levels
of liquidity, an unusual step that could help reduce the risk of
being exposed to companies struggling to maintain operations and
repay debt.
WILMINGTON, Del., June 2 (Reuters) - Warren Resources Inc
, an exploration and production company with operations
in California and Pennsylvania, filed for bankruptcy protection
on Thursday, according to a court filing.
LUANDA, June 2 (Reuters) - Angolan President Jose Eduardo
dos Santos has appointed his daughter as head of state oil firm
Sonangol, Angola National State Radio (RNA) reported on
Thursday.
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.