Energy Update

You are here

Home » Global Read

UPDATE 1-Britain says no to plans for Navitus Bay offshore wind park

LONDON, Sept 11 (Reuters) - The British government has refused development consent for the proposed Navitus Bay offshore wind park off the Isle of Wight coast, it said on Friday.

Glencore's Zambia unit to keep most workers despite suspension -source

LUSAKA, Sept 11 (Reuters) - Glencore's Zambian subsidiary Mopani Copper Mines will retain most of its workers even after copper production is suspended following a drop on the metal's price, a source close to the company said on Friday.

Expanding overseas, China State Grid seen as suitor for ABB unit

* ABB restructure could facilitate sale of Power Grid business

Britain refuses consent for Navitus Bay offshore wind park

LONDON, Sept 11 (Reuters) - The British government has refused development consent for the proposed Navitus Bay offshore wind park off the Isle of Wight coast, it said on Friday.

Oil servicers say "fat trimming" will become new norm

ABERDEEN, Scotland, Sept 11 (Reuters) - A slump in oil prices is forcing the oil and gas services industry for the first time in 15 years to trim costs in a way that executives say will create a lasting change away from their usual lavish way of doing business.

Engen's new terminal in Mozambique to boost fuel security

CAPE TOWN, Sept 11 (Reuters) - Engen, majority owned by Malaysia's national oil company, has opened a new 24,000 cubic metre terminal in Mozambique that will boost regional fuel security, the company said on Friday.

"From big to strong": China sees competitive edge in green cars

BEIJING, Sept 11 (Reuters) - China's auto sales could be heading for a rare fall this year, but one bright spot is in so-called green cars, where sales have almost quadrupled so far in 2015.

UPDATE 1-IEA sees U.S. oil output collapsing next year on low prices

LONDON, Sept 11 (Reuters) - Lower oil prices will force non-OPEC producers including the United States to cut output by the steepest rate in more than two decades next year, rebalancing an oversupplied oil market, the International Energy Agency said on Friday.

Oil supply tightening as prices plunge - IEA

LONDON, Sept 11 (Reuters) - Oil markets are beginning to tighten after a dramatic collapse in prices over the last year, reducing production in many parts of the world and stimulating extra fuel consumption, the West's energy watchdog said on Friday.

UPDATE 4-Oil falls as Saudi rejects producer summit; Goldman cuts forecast

* Coming up: IEA monthly oil market report at 0800 GMT (Updates throughout, changes dateline, previous SEOUL)

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