Energy Update

You are here

Home » Global Read

S&P cuts ratings of four U.S. regional banks

Feb 9 (Reuters) - Standard and Poor's Ratings Services has cut its credit ratings by one notch on four U.S. regional banks with large energy portfolios, citing a deterioration in the banks' asset quality over the past year.

Oil traders rush for options to protect against crude gyrations

NEW YORK, Feb 9 (Reuters) - Oil traders have scrambled to scoop up options as additional protection against wild swings in prices, sending a key index to its highest level since the worst of the global economic crisis in 2008, data shows.

Australia's AGL Energy posts loss after writing off gas business

SYDNEY, Feb 10 (Reuters) - Australia's second-largest energy retailer AGL Energy Ltd on Wednesday reported a statutory loss after tax of A$449 million ($317 million) after writing down the value of its gas exploration and production business.

U.S. looks to shore up allies' support to battle Islamic State

BRUSSELS, Feb 9 (Reuters) - The United States said on Tuesday it hoped allies demonstrate a willingness to ramp up their contributions to the fight against Islamic State and to deterring Russia in eastern Europe during high-level defense talks in Brussels this week.

UPDATE 1-Chesapeake Energy woes cast shadow on U.S. pipeline companies

NEW YORK, Feb 9 (Reuters) - U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims to slash its debts amid collapsing energy prices.

UPDATE 1-Iraqi PM calls for major cabinet reshuffle

BAGHDAD, Feb 9 (Reuters) - Iraqi Prime Minister Haider al-Abadi said on Tuesday he would reshuffle his cabinet to replace ministers appointed on the basis of political affiliations with technocrats.

SolarCity posts profit as panel installations rise

Feb 9 (Reuters) - Residential solar panel installer SolarCity Corp reported a quarterly profit, compared with a loss a year earlier, driven by higher panel installations.

UPDATE 1-Anadarko cuts dividend 82 percent to survive cheap oil

Feb 9 (Reuters) - Oil and gas producer Anadarko Petroleum Corp slashed its quarterly dividend by 82 percent on Tuesday, preserving cash at a time when sliding oil prices have fueled losses.

Substructure Testing Paving the Way to Longer Wind Turbine Blades

The lengthening of rotor blades is often taken as emblematic of wind turbine evolution, and maturation of the industry as a whole. It’s a sign of not only technological development, but also a reflection of the drivers to continually innovate and deliver more efficient turbines.

Anadarko slashes quarterly dividend

Feb 9 (Reuters) - Oil and gas company Anadarko Petroleum Corp said it slashed its quarterly dividend by 22 cents to 5 cents per share.

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