Energy Update

You are here

* Govt expects cheaper gas to halve costs for local firms (Adds details, Oil minister's quotes)

MOSCOW, Dec 31 (Reuters) - Russia aims to raise 1 trillion roubles ($13.53 billion) from privatisation next year, Finance Minister Anton Siluanov said in an interview aired on Thursday, signalling a major acceleration of plans to sell state assets.

* ConocoPhillips shuts production (Adds BP incident, updates throughout)

OSLO, Dec 31 (Reuters) - ConocoPhillips has shut down output at its Eldfisk and Embla fields in the North Sea and was evacuating staff from its Eldfisk platform due to the threat of a drifting barge hitting its installations, it said on Thursday.

OSLO, Dec 31 (Reuters) - ConocoPhillips' Ekofisk platform in the North Sea is being evacuated, Norwegian broadcaster TV2 reported on Thursday, following a storm that caused a fatal accident on an oil rig on Wednesday and prompted BP to evacuate its Valhall field on Thursday.

BEIJING, Dec 31 (Reuters) - After months of speculation, China confirmed on Thursday it is building a second aircraft carrier to go with an existing one bought second-hand, as neighbours worry about Beijing's new assertiveness to claims in the South China Sea.

OSLO, Dec 31 (Reuters) - BP said it ordered a total evacuation of its Valhall platform in the North Sea on Thursday after a barge broke its anchor and was drifting towards the installation following a storm.

OSLO, Dec 31 (Reuters) - Oil firm BP is assessing whether a drifting barge is still posing a threat to its installations at the Valhall field in the North Sea, it said on Thursday.

BEIJING, Dec 31 (Reuters) - China on Thursday confirmed it is building a second aircraft carrier, as neighbours worry about Beijing's new assertiveness to claims in the South China Sea.

* Many traders bet against analyst forecasts of late 2016 recovery

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.