Energy Update

You are here

Nov 5 (Reuters) - Oil and gas services company Amec Foster Wheeler Plc raised its cost-savings target for the year and cut its dividend by half, pressured by the slump in oil prices.

PARIS, Nov 5 (Reuters) - France's Sanofi said on Thursday that it had signed a licence agreement with Korea-based Hanmi Pharmaceutical Co. Ltd.

MISRATA, Libya, Nov 5 (Reuters) - In Misrata, a statue of a fist crushing a U.S. fighter jet that rebels seized as war bounty from Muammar Gaddafi's compound stands testimony to the city's part in Libya's 2011 revolution.

BEIJING, Nov 5 (Reuters) - Surplus annual production of diesel, gasoline and kerosene in China will double to nearly 30 million tonnes by 2020 from last year's level, boosted by increasing output from independent refiners, according to an industry research paper.

The North Sea oil industry, particularly the Shetland region at its core, is showing the strain of low oil prices, raising questions about its viability.

WASHINGTON, Nov 5 (Reuters) - There are now 15 projects in operation worldwide that have captured 28 million tonnes of carbon dioxide emissions from coal and industrial plants this year, a technology that must be scaled-up to tackle climate change, a report released Thursday said.

Nov 5 (Reuters) - Sales of trucks powered by natural gas are sputtering and growth will be far weaker this year than last as tumbling diesel prices prevent drivers from switching over to the cleaner-burning fuel even though it is cheaper than it has been in years.

(Thu, 05 Nov 2015) Stocks of distillate fuel oil in the Central Atlantic, which encompasses the New York Harbor region, have risen nearly every week since April, reaching 36.9 million barrels as of October 30. This level is 9 million barrels above the five-year average and 14.6 million barrels above the same time last year. The relatively high levels of distillate inventories are depressing distillate prices in the New York Harbor spot market.

* Roll-out of plans to coincide with U.N. climate change meet

NEW YORK, Nov 4 (Reuters) - At least one U.S.

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.