Energy Update

You are here

Home » Global Read

Malaysia's Petronas posts $704 mln Q4 net loss, confirms spending cuts

KUALA LUMPUR, Feb 29 (Reuters) - Malaysia's Petroliam Nasional Bhd, or Petronas, reported a fourth-quarter net loss on Monday and announced spending cuts for the next few years, as the state oil company braces for a prolonged period of low oil prices.

UPDATE 2-Underwriter Hiscox's FY pretax profit falls 6.5 pct

* To return 32 pence/shr, including 16 pence special dividend

Debt swaps become a tough sell for cash-strapped US energy firms

NEW YORK, Feb 29 (Reuters) - Highly-leveraged U.S.

UPDATE 1-Genel to take about $1 bln impairment on Iraqi Kurdistan field

Feb 29 (Reuters) - Genel Energy Plc said it expected to book about $1 billion in impairment to the 2015 value of its Taq Taq oilfield in Iraqi Kurdistan, citing reduced estimate for recoverable reserves there and falling oil prices.

JKX cautions on $41 mln in potential Ukrainian liabilities

Feb 29 (Reuters) - JKX Oil & Gas Plc set out potential liabilities of $41 million from Ukrainian cases as its new board tries to restore investor confidence with more disclosures.

Genel to take about $1 bln impairment on Iraqi Kurdistan field

Feb 29 (Reuters) - Oil producer Genel Energy Plc said it expected to book about $1 billion in impairment to the 2015 value of its Taq Taq oilfield in Iraqi Kurdistan, citing reduced recoverable reserves at the field and falling oil prices.

UPDATE 1-Rouhani allies win most Tehran seats in clerical body-final results on IRNA

DUBAI, Feb 29 (Reuters) - President Hassan Rouhani and his allies won 15 out of the 16 Tehran seats in the Assembly of Experts, final election results published on Monday showed, ousting two prominent hardliners including the speaker of the powerful clerical body.

RPT-Reformist gains in Iran elections clear way for business boom

* Rouhani administration has freer hand to push economic reforms

UPDATE 1-China expects to lay off 1.8 mln workers in coal, steel sectors

BEIJING, Feb 29 (Reuters) - China said on Monday it expects to lay off 1.8 million workers in the coal and steel sectors as part of efforts to reduce industrial overcapacity, but no timeframe was given.

Rouhani allies win most Tehran seats in clerical body-final results on IRNA

DUBAI, Feb 29 (Reuters) - Final Iranian election results show President Hassan Rouhani and his allies won 15 out of the 16 seats reserved for Tehran in the Assembly of Experts, an important leadership body, state news agency IRNA reported on Monday.

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