Energy Update

You are here

PORTLAND, Ore., July 30 (Reuters) - Greenpeace protestors dangling from a bridge on Thursday in Portland, Oregon, halted an icebreaker that Royal Dutch Shell needs in northern Alaska before it can start drilling into the region's oil zone.

LONDON, July 30 (Reuters) - Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades.

PARIS, July 30 (Reuters) - France's Areva will need a multi-billion euro capital increase following four years of losses and the sale of a big stake in its nuclear reactor division to utility EDF, most of which will have to come from the state.

* U.S. crude stocks down sharply; weekly U.S.

* Full-year target for 10-11 percent industrial margin maintained

KHOBAR, Saudi Arabia, July 30 (Reuters) - Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for state oil giant Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said.

July 30 (Reuters) - Marathon Petroleum Corp reported a weaker-than-expected quarterly profit, hurt by a decline in refining margins as the company's crude costs remained high.

LONDON/JOHANNESBURG, July 30 (Reuters) - Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and debatable management choices that are putting its survival at risk.

RIO DE JANEIRO, July 30 (Reuters) - Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in the fight for market share.

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.