Energy Update
CARACAS, Sept 25 (Reuters) - A $5 billion loan that Venezuelan state oil company PDVSA negotiated with China will be available by year-end, but the funds will go directly to contractors rather than into company coffers, a senior PDVSA source told Reuters on Friday.
WASHINGTON, Sept 25 (Reuters) - Republican presidential candidate Jeb Bush will call for a decades-old ban on exporting U.S. crude oil to be lifted in a speech next week that will lay out an aggressive approach to growing jobs in the energy sector.
NEW YORK, Sept 25 (Reuters) - The Bill & Melinda Gates Foundation Trust has sued Brazil's Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company.
ORANJESTAD/HOUSTON, Sept 25 (Reuters) - Aruba's Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA's U.S. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012 because of low margins.
WOLFSBURG, Germany, Sept 25 (Reuters) - Volkswagen named company veteran Matthias Mueller as its chief executive on Friday as the German carmaker struggles to get to grips with a crisis over rigged diesel emission tests that its chairman called "a moral and political disaster".
* Brent up slightly, U.S.
WOLFSBURG, Germany, Sept 25 (Reuters) - Volkswagen knows it will take much more than just new leadership and a corporate overhaul to clear the air after it was caught cheating in U.S.
Sept 25 (Reuters) - U.S. energy firms cut oil rigs for a fourth week in a row this week, data showed on Friday, a sign the continued weak prices were causing energy firms to reduce drilling plans.
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.