Energy Update

You are here

Home » Global Read

UPDATE 1-Centrica trims investments as energy price slump weighs

LONDON, Feb 18 (Reuters) - British Gas owner Centrica reported a 4 percent fall in 2015 adjusted earnings on Thursday as it felt the effects of a steep fall in energy prices and said it could trim investments further if conditions fail to improve.

UPDATE 1-Insurer Lancashire's profit hit by fall in gross premiums

Feb 18 (Reuters) - British property and casualty insurer Lancashire Holdings Ltd reported a 24.2 percent fall in full-year pretax profit on Thursday, hurt by a fall in gross written premiums in its property and energy businesses.

UPDATE 4-Oil prices climb as Iran endorses oil output cap

* U.S. oil output could fall on low prices -Phillip Futures (Updates prices)

UPDATE 1-No output growth for OMV by 2020 without Russia

* Proposed 2015 div of 1 eur/shr down 20 pct vs 2014 (Adds 2015 results, dividend cut, industry context)

Russia's oil output may drop 14 pct by 2020-2025 - Energy Ministry

MOSCOW, Feb 18 (Reuters) - Russia's oil output may drop to 460 million tonnes in 2020-2025 from last year's 534 million tonnes as oil prices stay low and oil firms cut capital expenditure, according to a "stress scenario" published by Russia's energy ministry.

Centrica earnings fall on energy price slump

LONDON, Feb 18 (Reuters) - Britain's largest energy utility, Centrica, reported a 4 percent fall in 2015 adjusted earnings per share (EPS) on Thursday and said it would cut 1,000 jobs this year as it struggles with weak energy prices.

German exports to Russia likely to drop 5 pct this year, trade body says

BERLIN, Feb 18 (Reuters) - German exports to Russia are likely to fall 5 percent this year after plummeting almost 30 percent in 2015 because of sanctions over the Ukraine conflict and low oil prices, the head of foreign trade at Germany's DIHK Chambers of Commerce said.

RPT-Head ruling heart - UK's pro-Europe chief plots hardest sale yet

LONDON, Feb 17 (Reuters) - Declaring "I'm a eurosceptic" may not be an obvious way to persuade Britons to stay in the European Union but as the leader of the 'In' campaign businessman Stuart Rose believes it is this pragmatism that will help him win the day.<

UPDATE 2-South32 considering buyout of Anglo American manganese unit

* South32's manganese stake valued last yr at $1.8 bln by RBC (Adds decision to resume production at Hotazel and closing share price)

OMV puts its cards on Russia for output growth by 2020

* OMV output to stay near 300 kboe/d without Russia, Yemen, Libya

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