Energy Update

You are here

Home » Global Read

Most holders want Sete Brasil to file for creditor protection, sources say

SAO PAULO, Feb 26 (Reuters) - Most shareholders in Sete Brasil Participações SA plan to endorse a proposal for the ailing rig leaser to seek bankruptcy protection after efforts to secure a long-term contract with sole client Petróleo Brasileiro SA failed, four sources familiar with the situation said on Friday.

UPDATE 2-BASF braces for lower operating profit on low oil price and China

* Shares indicated 1.1 pct higher, in line with market (Adds detailed outlook, dividend, capex, analyst comment, premarket shares)

UPDATE 1-Areva books 2 bln euros loss on Finland provisions and restructuring

* Net loss narrows to 2.04 billion euros vs f'cast 690 million

Pakistan central bank clears financial transactions with Iran

ISLAMABAD, Feb 26 (Reuters) - Pakistan's central bank has cleared all commercial banks and financial institutions for business with Iran, paving the way for the two countries to resume regular business activity that was hampered by years of sanctions.

UPDATE 1-Vopak earnings top forecasts, sees 2016 terminal occupancy above 90 pct

* 2016 occupancy rates to exceed 90 pct vs 92 pct in 2015 (Adds quotes from CFO, context for outlook, share background)

CERAWEEK-Oil industry sees Paris climate deal as chance to innovate

HOUSTON, Feb 26 (Reuters) - If a crisis is a terrible thing to waste, the oil industry sees the Paris climate accord not as a death knell, but an opportunity to innovate and even grow.

BASF braces for lower operating income in 2016 on oil, China

LUDWIGSHAFEN, Germany, Feb 26 (Reuters) - BASF, the world's largest chemical company by sales, warned investors that operating income would decline this year as the lower crude price weighs on its oil and gas division and demand for chemicals is weak in China.

Former BP rig supervisor found not guilty in oil spill case

Feb 25 (Reuters) - A former BP Plc supervisor was found not guilty by a New Orleans jury on Thursday of a single pollution charge stemming from the 2010 Deepwater Horizon drilling disaster that killed 11 people.

The challenges and opportunities around NGL and petrochemical exports

Sometimes the best response when asking tough market questions is, "Well, it depends."

Rough seas for dry bulk shipbrokers as commissions tank

It's carnage out there for the dry bulk shipping market, and the crisis is pushing shipbrokers to the edge.

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