Energy Update

You are here

Home » Global Read

Brazil court freezes $130 million of Samarco assets

RIO DE JANEIRO, Feb 22 (Reuters) - A Brazilian judge blocked 500 million reais ($127 million) of assets of Samarco, a joint venture between Vale SA and BHP Billiton, to guarantee the clean up and repair of a town hit by a deadly flood caused by a burst tailings dam in November, local prosecutors said on Monday.

UPDATE 1-BHP Billiton slashes dividend, drops payout pledge

* Sees prolonged period of weak commodity prices (Adds CEO, analyst quotes, details)

CANADA STOCKS-TSX rises, led by energy stocks as oil rallies

TORONTO, Feb 22 (Reuters) - Canada's main stock index rose on Monday as energy shares rallied on a jump in oil prices, although gains were pared as the healthcare sector slumped and bank stocks reversed course ahead of quarterly earnings this week.

BHP Billiton slashes dividend, drops payout pledge

SYDNEY, Feb 23 (Reuters) - Top global miner BHP Billiton slashed its interim dividend by 75 percent on Tuesday, cutting it for the first time since 1988 following a collapse in prices for oil, iron ore, coal and other raw materials.

TIMELINE-Key moments in Brazil corruption probe

Feb 22 (Reuters) - Brazilian police said on Monday they obtained an arrest warrant for the architect of President Dilma Rousseff's electoral campaigns, complicating her fight to survive an investigation into her 2014 re-election and stave off impeachment by Congress.

S&P cuts rating on BP, Total and Statoil

Feb 22 (Reuters) - Standard & Poor's cut its corporate credit ratings on BP, Total SA and Statoil ASA , citing the Europe-based oil and gas companies' persistent weak debt coverage measures over 2015-2017.

UPDATE 1-China signals no S.China Sea backdown as foreign minister goes to U.S.

BEIJING/WASHINGTON, Feb 22 (Reuters) - China's South China Sea military deployments are no different from U.S.

OPEC Sec-Gen says further action could follow output 'freeze' deal

Feb 22 (Reuters) - OPEC Secretary-General Abdullah al-Badri said OPEC and non-OPEC oil producers might later take "other steps" to curb a global supply glut if a preliminary deal between the world's biggest producers proves successful.

Eaton to Offer AES Energy Storage Platform in Europe, Middle East, Africa

Power management company Eaton and AES Corp. subsidiary AES Energy Storage have reached an agreement under which Eaton will offer AES’ Advancion energy storage platform as part of Eaton’s grid-scale, integrated energy storage systems throughout Europe, the Middle East, and Africa (EMEA).

Turbine tests begin at Brazil's 11.2-GW Belo Monte hydropower plant

Test operations are under way at Norte Energia's 11.2-GW Belo Monte hydropower plant, developer Norte Energia said in a statement.

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