Energy Update

You are here

May 27 (Reuters) - At least three people were injured on Wednesday when a tornado hit a natural gas drilling rig in northern Texas, the Hemphill County sheriff and a hospital official said.

Coal Minister Piyush Goel has said that domestic coal production will expand rapidly in the next two to three years, removing the need for imports, but this appears highly unlikely.

May 27 (Reuters) - At least three people were seriously injured on Wednesday when a tornado hit a gas drilling rig in northern Texas, the Weather Channel reported, citing the Hemphill County sheriff.

Japan's Taiyo Oil has commenced producing petrochemicals with UOP's Tatoray process technology, which provides greater flexibility to produce either gasoline or valuable petrochemicals as demand changes.

OSLO, May 27 (Reuters) - Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday.

* U.S. crude stocks rose 1.3 mln bbls last week-industry group API

CALGARY, Alberta, May 27 (Reuters) - A wildfire raging in northeastern Alberta near two major oil sands projects nearly doubled in size to 17,000 hectares (42,000 acres) on Wednesday, although firefighters made some progress tackling blazes elsewhere in the oil-rich Western Canadian province.

SYDNEY, May 28 (Reuters) - Nearly a year after embarking on a multi-million dollar quest to solve one of aviation's greatest unsolved mysteries, authorities and search teams are being criticised over their approach to finding Flight MH370 in the remote southern Indian Ocean.

OSLO, May 27 (Reuters) - Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday.

(Adds quote from forecaster Gerry Bell, details on last major hurricane and Superstorm Sandy) By David Adams May 27 (Reuters) - The Atlantic hurricane season will be less active than usual this year due to cooler seas and a strong El Niño effect, the U.S. government weather forecaster said on Wednesday.

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.