Energy Update

You are here

Home » Global Read

UPDATE 3-Asia's slowing economies and oversupply weigh on oil markets

* But Asian demand seen strong despite slowdown - Rosneft (Adds comment, updates prices)

UPDATE 1-China August coal imports drop nearly 18 pct on month

BEIJING, Sept 8 (Reuters) - China, the world's largest coal buyer, imported 17.49 million tonnes of the fuel in August, down 17.7 percent from July, with already weak demand affected by a currency devaluation that made foreign coal more expensive.

Alberta regulator lets Nexen reopen some Long Lake pipelines

TORONTO, Sept 7 (Reuters) - Alberta's energy regulator said late on Sunday it will allow Nexen Energy, the Canadian subsidiary of China's CNOOC Ltd, to reopen some pipelines ordered closed following a major spill.

UPDATE 1-Australia's Woodside approaches Oil Search with $8 bln bid

* All-share offer at 23 pct premium based on 3-month averages

UPDATE 1-Malaysia's 1MDB shortlists four parties for its $2.3 bln power unit

* 1MDB at centre of political crisis for Malaysian PM (Adds value of unit, information on potential bidders)

Malaysia's 1MDB shortlists four parties for its power unit

KUALA LUMPUR, Sept 8 (Reuters) - Malaysian state fund 1Malaysia Development Bhd said it has shortlisted four parties for the final bidding stage in the sale of its power unit, Edra Global Energy Bhd.

Weak economic outlook and oversupply weigh on oil markets

SINGAPORE, Sept 8 (Reuters) - U.S. oil prices fell on Tuesday as the global economic outlook darkened further and cooperation between oil producing countries to curb oversupply looked unlikely, pulling U.S.

Woodside approaches Oil Search with $8 bln bid

MELBOURNE, Sept 8 (Reuters) - Woodside Petroleum Ltd, Australia's biggest independent oil and gas producer, said on Tuesday it has approached smaller rival Oil Search Ltd with an all-share takeover plan, worth A$11.6 billion ($8 billion) based on Monday's close.

As foreign steelmakers look to Iran, local producers turn overseas

* But import market likely to be smaller than before sanctions

Poland proposes plan to provide cash for coal miner Kompania Weglowa

WARSAW, Sept 7 (Reuters) - Poland plans to transfer part of its stakes in gas group PGNiG, utility PGE and insurer PZU into an investment fund that will use them as collateral to raise cash for cash-strapped coal miner Kompania Weglowa.

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