Energy Update

You are here

Home » Global Read

RPT-U.N. monitors accuse British oil firm of "payoffs" to Somali officials

Aug 3 (Reuters) - U.N. sanctions experts have accused British company Soma Oil and Gas of making large payments to Somalia's oil ministry that created a "serious conflict of interest," some of which appeared to have been used to pay off senior officials.

Supply uncertainty, new demand could lift Mideast, Asian LNG markets this winter

Platts' Max Gostelow and Stephanie Wilson explain how additional LNG demand could affect markets this winter, despite low volatility during the first half of the year.

Algeria is reforming its laws to attract foreign investment in hydrocarbons

(Tue, 04 Aug 2015) Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past decade. This declining production has led the Algerian government to amend its law regarding foreign investment in hydrocarbons in an attempt to attract the investment and technology improvements needed to help stop production declines

Brazil presents another hurdle in Monsanto's bid for Syngenta

SAO PAULO, Aug 4 (Reuters) - Seed giant Monsanto Co.'s unwanted takeover bid with Switzerland's Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.

Japan A-bomb survivors speak out against nuclear power, decry Abe's view of war

FUKUSHIMA CITY, Japan, Aug 4 (Reuters) - When Atsushi Hoshino set out to revive a group representing atomic bomb survivors in the rural northeast Japanese prefecture of Fukushima 30 years ago, one topic was taboo - criticising the nuclear power industry upon which many relied for jobs.

UPDATE 1-Oil prices edge up after 5 pct fall, but outlook weak

* Brent fell below $50 on Monday for the 1st time since January

Oil industry slams terms of Brazil's planned block auction

RIO DE JANEIRO, Aug 3 (Reuters) - Terms for Brazil's 13th Oil Round, in which the government hopes to sell rights to 266 exploratory blocks in early October, "are the worst ever", the Brazilian Petroleum Institute (IBP) that represents potential investors said on Monday.

Oil prices edge up after 5 pct fall, but outlook weak

* Analysts expect further price falls despite Tuesday's rises

UPDATE 5-Brazil police arrest Lula minister in bribery scandal

CURITIBA, Brazil, Aug 3 (Reuters) - Brazilian police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be detained so far in a corruption scandal engulfing state-run oil company Petrobras.

PetroChina wins dismissal of US lawsuit over alleged bribery

NEW YORK, Aug 3 (Reuters) - PetroChina Co on Monday won the dismissal of a U.S.

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