Energy Update

You are here

Home » Global Read

Cenovus Energy to sell up to $5 bln in securities amid oil slump

Feb 12 (Reuters) - Canadian oil producer Cenovus Energy Inc said it would sell up to $5 billion of stock, debt and other securities in one or more tranches, a day after it cuts its dividend, to shore up cash amid a slump in oil prices.

Philippines considers two-way sea talks with China - if wins case at The Hague

MANILA, Feb 12 (Reuters) - The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague, Manila's foreign minister said on Friday.

RPT-Cancellation of Iran oil contracts' presentation signals infighting

ANKARA/DUBAI, Feb 11 (Reuters) - Iran's cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector.

Russian, Saudi foreign ministers to meet in Munich: reports

MOSCOW, Feb 12 (Reuters) - Russian Foreign Minister Sergei Lavrov plans to meet his Saudi Arabian opposite number on Friday on the sidelines of the Munich Security Conference, Russian news agencies quoted a source in the Russian delegation as saying.

Britain's FTSE lifted by bank recovery, Rolls-Royce rally

LONDON, Feb 12 (Reuters) - UK shares rose on Friday as bank stocks and shares in commodities-related companies recovered following a slump in the previous session, while Rolls-Royce also jumped after a well-received update.

UPDATE 1-Saipem counting the cost of going solo in low oil price world

* Firm hit by low oil prices, legal claims, debt worries (Adds rights issue results, broker comment, shares)

Zika pushes 38 pct of U.S. businesses surveyed to let workers defer trips

Feb 12 (Reuters) - Some 38 percent of U.S.

New EIA data revise Oklahoma's oil production up by 100,000 barrels per day

(Fri, 12 Feb 2016) EIA's <em>Petroleum Supply Monthly</em>, published on January 30, includes crude oil production estimates for Oklahoma based on EIA monthly survey data. The new estimates are roughly 100,000 barrels per day more than those generated by the previous EIA methodology, which was informed by state-reported data.

UPDATE 2-Crude prices jump 5 pct, but oversupply still damps outlook

* But analysts say output agreement remains unlikely (Adds unwinding of hedges, bullet points, updates prices)

UPDATE 1-Iran, Brazil in talks on investment in Brazil refineries -source

BRASILIA, Feb 11 (Reuters) - Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters 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