Energy Update
ABUJA/ONITSHA, Nigeria, May 20 (Reuters) - Nigeria's
President Muhammadu Buhari on Friday said he ordered a
heightened military presence in the restive Niger Delta region
to deal with a resurgence of attacks on oil and gas facilities,
a day after yet another pipeline explosion.
CHICAGO, May 20 (Reuters) - Bankrupt coal producer Peabody
Energy Corp said in a court filing Friday it
believes its long-term debt should be included in its current
liabilities, a position that favors unsecured creditors to the
tune of $1 billion.
VANCOUVER, May 20 (Reuters) - Canadian aboriginal groups and
their allies said on Friday they have the power to block
proposed oil pipelines on land where they have proven title,
dismissing comments by Prime Minister Justin Trudeau who said no
community has a veto.
NEW YORK, May 20 (Reuters) - Out-of-control wildfires that
have consumed over a million acres of land in Canada's Alberta
are costing oil companies as much as $50 million a day in lost
production, according to analysts.
NEW YORK, May 20 (Reuters) - SunEdison Inc has
tentatively agreed to withdraw a request for an independent
examiner for the renewable energy company's bankruptcy, its
attorneys said in court on Friday, enabling its creditors to
pursue their own investigation.
May 20 (Reuters) - U.S. natural gas speculators cut net long
positions for a third week in four, betting prices would remain
low in future months to encourage power generators to burn more
of the record high inventory of fuel left after a warm winter.
CALGARY, May 20 (Reuters) - Firefighters battling a massive
blaze in Canada's energy heartland were buoyed on Friday by a
second day of rain and winds that pushed flames away from oil
sands facilities, as producers announced a gradual increase in
operations.
May 20 (Reuters) - U.S. natural gas speculators cut net long
positions for a third week in four, betting prices will remain
low in future months to encourage power generators to burn more
of the record high amount of fuel left in inventories after a
warm winter.
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.