Energy Update
SINGAPORE, May 12 (Reuters) - Noble Group
finalised $3 billion in credit facilities on Thursday, a crucial
move allowing Asia's biggest commodity trader to refinance all
of its debt maturing this year as it reported a 62 percent fall
in quarterly profit.
PARIS, May 12 (Reuters) - The French Senate on Thursday
adopted a revised version of its biodiversity bill in which
Senators scrapped an additional tax on palm oil and delayed
until 2020 a ban on pesticides blamed for harming bees.
SAO PAULO, May 12 (Reuters) - State-controlled Petróleo
Brasileiro SA has entered exclusive talks with Brookfield Asset
Management Inc over the sale of natural gas pipeline
unit Nova Transportadora do Sudeste SA, as part of a plan to
dispose of $15 billion of non-essential assets by year-end.
RIO DE JANEIRO, May 12 (Reuters) - Brazil's state-controlled
oil company Petroleo Brasileiro SA posted its
third-straight quarterly loss on Thursday as oil prices and
production fell and a weaker currency boosted debt costs.
CONAKRY, May 12 (Reuters) - Guinea lost around $500 million
in revenue in 2015 after an outbreak of the deadly Ebola virus
and the drop in global commodity prices slowed growth and hurt
the mining sector in the West African country, Prime Minister
Mamady Youla said on Thursday.
May 12 (Reuters) - A 2,100-barrel oil spill in the U.S. Gulf
of Mexico forced Royal Dutch Shell on Thursday to shut
in all wells that flow to its Brutus platform, federal
regulators said.
RIO DE JANEIRO, May 12 (Reuters) - Brazil's state-run oil
company Petrobras expects to drill 65 new wells in 2016 and kept
its forecast for average output during the year at 2.145 million
barrels per day, the company said in a presentation after its
quarterly earnings release on Thursday.
LAS VEGAS, May 12 (Reuters) - Hedge fund managers on
Thursday named some of their recent investments, including a bet
that shares of American Airlines Group would fall and
shares of both Chinese Internet company Tencent and
chipmaker Xilinx would rise, in addresses at one of the
industry's most prominent conferences.
May 12 (Reuters) - Bankrupt solar company SunEdison Inc
terminated the employment of Chief Financial Officer
Brian Wuebbels and said it would delay filing its 10-Q report
for the quarter ended March 31.
BUENOS AIRES, May 12 (Reuters) - Argentina's Pampa Energia
SA said on Thursday it planned to invest $400 million
in thermal and wind energy projects if it wins a tender process
for renewable power projects that the government will hold next
week.
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.