Energy Update

You are here

Home » Global Read

Suffering oil majors face more pain from price slump

Platts senior news editors discuss how the oil industry is adapting following a Q4 2015 earnings season in which oil companies took another severe hit from low oil and gas prices.

U.S. top court denies bid to block mercury air pollution rule

WASHINGTON, March 3 (Reuters) - The U.S. Supreme Court sided with the Obama administration on Thursday in rebuffing a bid by 20 states to halt an Environmental Protection Agency rule to curb emissions of mercury and other toxic pollutants from power plants.

UPDATE 3-Brazilian economy's steep slide raises specter of depression

BRASILIA, March 3 (Reuters) - Brazil's economy contracted sharply in 2015 as businesses slashed investment plans and laid off more than 1.5 million workers, official data showed on Thursday, setting the stage for what could be the country's deepest recession on record.

Brazil senator's plea bargain implicates Rousseff, Lula -media

BRASILIA, March 3 (Reuters) - Brazilian ruling party Senator Delcido do Amaral, arrested in November on obstruction of justice charges, has agreed to a plea bargain implicating President Dilma Rousseff and ex-President Luiz Inacio Lula da Silva in the Petrobras graft scandal, local media reported on Thursday.

Jewell Pushes US Interior Budget that Stresses Renewable Energy

Interior Secretary Sally Jewell appeared before the House Committee on Natural Resources on March 1 to discuss President Obama’s $13.4bn Interior Department budget proposal for FY 2017.

Algeria's Sonatrach awards Japan's GJC deal at Hassi Messaoud oilfield

ALGIERS, March 3 (Reuters) - Algeria's state energy company Sonatrach has awarded Japanese firm GJC a $339 million contract to help increase production at its largest oilfield in Hassi Messaoud, according to an internal Sonatrach document seen by Reuters on Thursday.

Lawmaker to Propose Extending Credit to Spur US Offshore Wind

U.S. Senator Edward J. Markey plans to introduce legislation “soon” to extend a federal tax credit that will spur wind farm development in coastal waters.

Oil exports via Baku-Tbilisi-Ceyhan pipeline drop 2.2 pct in Jan-Feb

BAKU, March 3 (Reuters) - Oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey totalled 4.6 million tonnes in January-February, down 2.2 percent from the same period last year, Azeri state energy company SOCAR said on Thursday.

EU seen approving weed-killer ingredient glyphosate amid cancer row

BRUSSELS, March 3 (Reuters) - The European Union is expected to extend approval next week for weed-killer ingredient glyphosate, used in many herbicides including Monsanto's Roundup, despite a dispute between EU and U.N. agencies over whether it causes cancer.

Vitol seeks partner in VTTI oil storage business -sources

LONDON, March 3 (Reuters) - Vitol, the world's top oil trader, is looking to sell a stake in wholly owned storage company VTTI, in a bid to cash in on one of its most profitable businesses in the current downturn in crude prices, several banking and industry source said 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.

Photos