Energy Update

You are here

* China has boycotted arbitration proceedings launched by Manila

ABUJA, Nov 11 (Reuters) - Nigeria President Muhammadu Buhari appointed former investment banker Kemi Adeosun as finance minister on Wednesday, putting her in charge of Africa's biggest economy.

* Petronas Q3 net profit drops 91 pct * Revenue for quarter falls 25 pct * To pay nearly 40 pct less dividend to govt next year (Adds more comments of CEO from briefing and details of results) By Emily Chow KUALA LUMPUR, Nov 11 (Reuters) - Malaysia's Petroliam Nasional Bhd (Petronas) is slashing its 2016 dividend to the government by nearly 40 percent, after its quarterly profit fell 91 percent on weak global crude oil prices.

ABUJA, Nov 11 (Reuters) - Nigeria's President Muhammadu Buhari swore 36 ministers into his cabinet on Wednesday, five months after his inauguration.

WILLISTON, N.D., Nov 11 (Reuters) - North Dakota's public universities have launched a scholarship program to enroll laid-off oilfield workers in energy classes, contending their best path to a new job is learning mechanical and computer skills.

JAKARTA, Nov 11 (Reuters) - Indonesia could take China before an international court if Beijing's claim to the majority of the South China Sea and part of Indonesian territory is not resolved through dialogue, Indonesia's security chief said on Wednesday.

JAKARTA, Nov 11 (Reuters) - Indonesia could take China to the International Criminal Court (ICC) if Beijing's claim to the majority of the South China Sea and part of Indonesian territory is not resolved through dialogue, Indonesia's security chief said on Wednesday.

KUALA LUMPUR, Nov 11 (Reuters) - Malaysia's Petroliam Nasional Bhd (Petronas) reported on Wednesday a 91 percent plunge in third-quarter net profit due to weak global crude oil prices. The state-owned oil firm made a net profit of 1.4 billion ringgit ($321.10 million) in July-September compared to 15.1 billion in the same period a year earlier. It was the third straight quarter of profit declines for Petronas this year. Revenue for the quarter fell by 25 percent to 60.1 billion ringgit

BRUSSELS, Nov 11 (Reuters) - Britain's plans for closer power and gas links with continental Europe would get a boost under a new list of priority projects to be published next week, as part of a drive for a single European Union market for energy supplies.

BEIJING, Nov 11 (Reuters) - Chinese Foreign Minister Wang Yi said the Philippines' case against China at an arbitration tribunal over rival claims in the South China Sea had strained relations and that it was up to the Philippines to heal the rift.

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.