Energy Update

You are here

Home » Global Read

Patricia weakens further to low pressure area over Mexico -NHC

WASHINGTON, Oct 24 (Reuters) - Patricia, one of the strongest ever hurricanes, has weakened further into a remnant low pressure area over northeastern Mexico, the U.S.

Nigerian court annuls state governor vote in southern oil hub

ABUJA, Oct 24 (Reuters) - A Nigerian court on Saturday annulled the governor's election in the country's oil hub Rivers State due to irregularities and ordered a fresh vote within three months in a ruling likely to add to tensions in the sensitive region.

UPDATE 2-Germany to start shift to coal power reserve in winter 2016

BERLIN, Oct 24 (Reuters) - German utilities RWE, Vattenfall and Mibrag will start reducing their coal-fired power output at the start of winter 2016, shifting this capacity instead to the country's power reserve as part of a plan to cut carbon emissions, the government said.

UPDATE 3-Petrobras fetches $490 mln with gas unit stake to Mitsui

RIO DE JANEIRO, Oct 23 (Reuters) - State-controlled Petróleo Brasileiro SA's board approved selling a minority stake in a natural gas distribution unit to Japan's Mitsui & Co Ltd for 1.9 billion reais ($490 million) in a key step toward disposing of non-essential assets to repay debt.

UPDATE 2-Nine killed after mortars hit protest in Libya's Benghazi

BENGHAZI, Libya Oct 23 (Reuters) - At least nine people were killed and dozens more injured in Libya's second city Benghazi on Friday when mortar shells hit a protest against a United Nations proposal for a unity government to end a political crisis, medical sources said.

UPDATE 1-Brazilian panel approves report clearing Petrobras of wrongdoing

RIO DE JANEIRO, Oct 23 (Reuters) - A final report approved by a Brazilian congressional panel investigating corruption at state-run oil company Petrobras has blamed suppliers and rogue employees for the graft, rather than politicians or the company.

UPDATE 1-U.S. oil drillers slow pace of rig cuts -Baker Hughes

Oct 23 (Reuters) - U.S. energy firms reduced oil rigs for an eighth week in a row this week but slowed the rate of those cuts to just one rig, data showed on Friday, a sign some drillers may soon return to the well pad with hopes of rising crude prices in the future.

Brazil to monitor its multinational firms for corruption abroad

BRASILIA, Oct 23 (Reuters) - Brazil has started to watch its multinational companies for corrupt practices they might commit in other countries in the wake of a massive bribery scandal at home, the nation's top anti-corruption official told Reuters.

White House says confident in carbon rule despite states' lawsuit

WASHINGTON, Oct 23 (Reuters) - The Obama administration said it is confident that its proposal to curb carbon dioxide emissions from power plants is on solid legal ground despite a challenge filed by 24 U.S. states earlier on Friday.

UPDATE 10-Oil down as dollar offsets China move; glut hits prompt U.S. crude

* Oil rises first on China rate cut, then succumbs to dollar rally

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