Energy Update

You are here

* Oil slump left Nigeria short of funds to import oil products * NNPC has ramped up deals to exchange oil for oil products * Contracts not yet signed, vulnerable to changes at NNPC By Libby George and Julia Payne LONDON/ABUJA, March 17 (Reuters) - Nigeria is set to ramp up the amount of crude oil it swaps for vital gasoline imports by more than a third as it grapples with the worst economic crisis in years and upheaval in its graft-ridden energy sector.

California regulators gave the owners of the world’s biggest solar-thermal power plant more time to avoid defaulting on a contract with Pacific Gas and Electric Co. after failing to supply power they had guaranteed.

SARAJEVO, March 18 (Reuters) - Bosnia's power utility Elektroprivreda HZHB (EPHZHB) said on Friday it had awarded a 72 million euro ($81 million) deal to German industrial conglomerate Siemens to supply wind turbines for its future 44 megawatt (MW) wind farm.

BENGHAZI, Libya, March 18 (Reuters) - Libya's eastern government said on Friday moves to impose a new U.N.-backed unity cabinet on the country without a vote of approval by the eastern parliament risked deepening the nation's crisis.

OSLO/ALGIERS March 18 (Reuters) - Militants attacked an Algerian gas plant operated by Norway's Statoil and BP with rocket-propelled grenades on Friday, causing no casualties or damage but forcing the facility to be closed as a precaution.

BRUSSELS, March 18 (Reuters) - Europe's major powers will discuss Libya in the margins of an EU summit on Friday, with leaders expected to focus on efforts to end the political chaos and conflict in the country and rising migrant flows.

BENGHAZI, Libya, March 18 (Reuters) - Libya's eastern government said on Friday that imposing a U.N.-backed cabinet on the country without a parliamentary vote of approval risked deepening the crisis.

LONDON, March 18 (Reuters) - The biggest rally for mining company shares since 2009 risks fizzling out as gains have largely been driven by funds reversing bets on lower prices rather than long-term investors looking for value.

OSLO, March 18 (Reuters) - An Algerian gas plant owned by Norway's Statoil, BP and state firm Sonatrach was attacked on Friday, the company said.

WASHINGTON, March 18 (Reuters) - The United States has seen Chinese activity around a reef China seized from the Philippines nearly four years ago that could be a precursor to more land reclamation in the disputed South China Sea, the U.S.

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.