Energy Update
(Wed, 27 May 2015) Colombia has seen a dramatic increase in oil, natural gas, and coal production since the implementation of a series of regulatory reforms in 2003. However, after nearly a half-decade of relatively secure operations, attacks on oil and natural gas pipelines have increased. Expanded oil production will require discoveries of reserves and improvements to infrastructure safety.
MEXICO CITY, May 26 (Reuters) - Mexico and Brazil will take steps this year to ease restrictions on bilateral trade and aim to double their shared commerce in less than 10 years, the leaders of Latin America's two biggest economies said on Tuesday.
LOS ANGELES, May 26 (Reuters) - More than two dozen marine mammals and nearly 40 birds, most of them pelicans, have been collected dead and alive from along California's oil-fouled coastline near Santa Barbara in the week since a petroleum pipeline ruptured there, wildlife officials said on Tuesday.
SAO PAULO, May 26 (Reuters) - A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe.
CALGARY, Alberta, May 26 (Reuters) - Cenovus Energy Inc evacuated all 90 workers from its Narrows Lake oil sands project in northeastern Alberta on Tuesday as a precaution against wildfires, the company said.
The end of iron ore's bull run, in part due to slowing Chinese demand, has drastically cut prices, and smaller companies and mine service companies are bearing the brunt of the changes.
CALGARY, Alberta, May 26 (Reuters) - Crescent Point Energy Inc, Canada's No.4 independent oil and gas producer, said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc for shares and debt worth C$1.53 billion ($1.23 billion), adding oil production in its core regions in Western Canada and North Dakota.
CALGARY, Alberta, May 26 (Reuters) - Crescent Point Energy Inc, Canada's No.4 independent oil and gas producer, said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc for shares and debt worth C$1.53 billion ($1.23 billion), adding oil production in its core regions in Western Canada and North Dakota.
SAO PAULO, May 26 (Reuters) - A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe.
(Adds latest outage figures) May 26 (Reuters) - Over 100,000 homes and businesses were still without power Tuesday afternoon after severe storms battered the U.S. Gulf Coast on Monday and Tuesday, according to local utilities. That is down from about 170,000 customers without service on Tuesday morning. The storms moved from west to east, hitting Texas first before moving on to Louisiana and Mississippi.
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.