Energy Update

You are here

Home » Global Read

Brazil police charge former top Lula aide for four crimes

RIO DE JANEIRO, Sept 1 (Reuters) - Brazil's Federal Police on Tuesday charged Jose Dirceu, former chief of staff to former Brazilian President Luiz Inacio Lula da Silva, with four crimes related to his alleged involvement in bribery and bid-rigging at Petrobras and other state-run companies.

Obama: Shrinking Exit Glacier a powerful sign of warming climate

SEWARD, Alaska, Sept 1 (Reuters) - President Barack Obama walked down a winding wooded path past a small brown post marked "1926," past a glacial stream trickling over gravel that eons of ice have scraped off mountain peaks.

UPDATE 1-Nexen expects Long Lake oil sands shutdown to take two weeks

CALGARY, Sept 1 (Reuters) - Nexen Energy, the Canadian subsidiary of Chinese state-owned CNOOC Ltd, is shutting down its Long Lake oil sands operations in northern Alberta in response to an emergency regulatory order, a company spokeswoman said on Tuesday.

UPDATE 1-Jailed Odebrecht CEO criticizes plea deals in Brazil

SAO PAULO, Sept 1 (Reuters) - The jailed chief executive of Brazil's largest engineering group said on Tuesday he had no intention of signing a plea deal and criticized suspects who are collaborating with a massive corruption investigation.

Oil fund manager Andurand sees crude prices below $30 - FT

Sept 1 (Reuters) - Hedge fund manager Pierre Andurand believes crude prices will head lower again, possibly dropping below $30 per barrel, the Financial Times reported on Tuesday.

Brazil oilworkers tell Petrobras open-ended strike to start Friday

RIO DE JANEIRO, Sept 1 (Reuters) - Brazil's largest oil-workers' union advised Petroleo Brasileiro SA that it plans to begin a open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday.

Nigeria must eradicate oil theft in eight months-NNPC

ABUJA, Sept 1 (Reuters) - Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities, the state oil company chief said on Tuesday.

UPDATE 2-Obama pushes for more U.S. ice-breaking might in Arctic

ANCHORAGE, Alaska, Sept 1 (Reuters) - President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the U.S.

Two new Canadian oil sands projects started despite price pain

CALGARY, Alberta, Sept 1 (Reuters) - ConocoPhillips and Husky Energy Inc announced key milestones in bringing two new oil sands projects online on Tuesday, underlining how some producers in the high-cost sector are boosting production even as crude prices tumble.

UPDATE 11-Oil tumbles 8 pct as weak China data revives growth fears

* Coming up: API oil inventory data 2030 GMT (Updates prices to settlement)

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