Energy Update

You are here

Home » Global Read

RPT-US oil "strippers" maneuver to keep pumping amid crude slump

HOUSTON, Jan 4 (Reuters) - U.S. "stripper well" operators, the nation's smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oil market.

UK oil, gas output rises for first time in 15 years - industry body

LONDON, Jan 4 (Reuters) - Britain's oil and gas output rose in 2015 for the first time since the turn of the millennium, industry body Oil & Gas UK said on Monday, reversing a declining trend but coming as oil prices are trading at a seven-year low.

UPDATE 1-Cairn Energy successfully tests Senegal production well

Jan 4 (Reuters) - Oil explorer Cairn Energy Plc said on Monday it carried out its first successful production test at its oilfields in Senegal, sending its shares up as much as 9 percent.

IMF head visits Nigeria as president seeks way out of economic crisis

LAGOS, Jan 4 (Reuters) - Nigerian President Muhammadu Buhari, elected on a pledge to tackle corruption, holds talks with the International Monetary Fund on Tuesday as the country seeks to spend its way out of an economic crisis fuelled by plunging oil prices.

WRAPUP 1-CEE factory output grows steadily, unfazed by China worries

WARSAW, Jan 4 (Reuters) - Factory output in central and eastern Europe grew steadily in December despite worries over China's slowing growth, data showed on Monday, with the region benefiting from lower oil prices and rising demand from the euro zone, its main trade partner.

Croatia draws 7 bids for LNG terminal on Krk

SARAJEVO, Jan 4 (Reuters) - Croatia has received seven bids to build a liquefied natural gas (LNG) terminal on the island of Krk in the northern Adriatic, LNG Croatia said on Monday.

Statoil to conduct CCS feasibility studies in N.Sea fields

OSLO, Jan 4 (Reuters) - The Norwegian government has asked oil and gas firm Statoil to conduct new studies on carbon storage on the Norwegian continental shelf, the firm said on Monday.

Islamic State clash with guards near Libya's Es Sider oil port

BENGHAZI, Libya, Jan 4 (Reuters) - Islamic State militants on Monday clashed with a force guarding Libya's Es Sider oil port, and fighting continued near the major export terminal, witnesses and troops said.

Cairn Energy successfully flow-tests Senegal appraisal well

Jan 4 (Reuters) - Oil explorer Cairn Energy Plc said it successfully flow-tested an appraisal well situated around 100 kilometres off the coast of Senegal.

Head of Syrian opposition SNC to visit China this week

BEIJING, Jan 4 (Reuters) - The head of the Western-backed opposition Syrian National Coalition (SNC) will visit China this week, as Beijing seeks to deepen ties with all sides in the conflict to help bring about a peaceful resolution.

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