Energy Update

You are here

Home » Global Read

Major power breakdown hits Pakistan's commercial capital

KARACHI, Pakistan Jan 29 (Reuters) - A major power breakdown on Friday left 90 percent of Pakistan's largest and richest city, Karachi, without electricity and brought much of normal life to a standstill.

UPDATE 1-Germany's SMA Solar says 2016 operating profit could quadruple

* Shares drop more than 10 percent (Adds shares, sales guidance)

UPDATE 1-Russian power plant's staff back at work after hoax bomb call

MOSCOW, Jan 29 (Reuters) - Workers at a Siberian hydro-electric power station were evacuated after a bomb scare on Friday but returned to work when a report that an explosive device had been planted proved false, RusHydro which owns the station said.

UPDATE 1-Lundin Petroleum cuts 2016 capex by 26 pct

OSLO, Jan 29 (Reuters) - Sweden's Lundin Petroleum said on Friday it will cut its 2016 capital spending by around a quarter compared to last year and doubled its production guidance due to a new oilfield coming onstream.

Russian deputy PM Dvorkovich says state will not interfere into oil market

MOSCOW, Jan 29 (Reuters) - Russian Deputy Prime Minister Arkady Dvorkovich said on Friday that low oil prices will lead to cuts in investments and may result in a lower oil output, but the state will not intervene to balance the market.

Russia constantly in contact with other oil producers - deputy PM

MOSCOW, Jan 29 (Reuters) - Russia is constantly in contact with other oil producers, Deputy Prime Minister Arkady Dvorkovich told reporters on Friday.

Tanzania finalises land deal for delayed LNG project

DAR ES SALAAM, Jan 29 (Reuters) - Tanzania said on Friday it had finalised a land acquisition for the site of a planned liquefied natural gas (LNG) plant and was now working to compensate and resettle villagers to move forward on a long-delayed project.

RPT-Russian oil output cuts: where there's a will there's a way

WEST SIBERIAN OIL FIELDS/MOSCOW, Jan 28 (Reuters) - Russia's oil industry has argued for years that it cannot cut output to support falling global prices for purely technical reasons; in reality it can - as long as it has the political will.

Australia shares end higher; slip 5.5 pct in January

SYDNEY, Jan 29 (Reuters) - Australian shares ended 0.6 percent higher on Friday in see-saw trade, after the Bank of Japan unexpectedly slashed its benchmark interest rate below zero and a rebound in Chinese stocks.

China coal giants to shut for Lunar New Year, cite sector slowdown

* Shenhua, China Coal Energy, Datong Coal, others sign declaration

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