Energy Update

You are here

Home » Global Read

Amid China slowdown, foreign creditors face bankruptcy riddle

HONG KONG, May 18 (Reuters) - As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system.

PTT Global seeks third partner for $5.7bn petrochemical complex in US

PTT Global Chemical (PTTGC) is seeking third potential partner to develop $5.7bn petrochemical complex in the US.

Petronas defers $16bn RAPID project commissioning to mid-2019

Malaysia's state-owned oil and gas company Petronas has deferred its plan to commission $16bn Refinery and Petrochemical Integrated Development (RAPID) project in Johor, until mid-2019.

RPT-BHP spin-off South32 to test appetite for miners

MELBOURNE, May 18 (Reuters) - BHP Billiton's spin-off of South32 debuts on Monday in what is set to be the biggest mining listing globally in four years and a test of whether investors are starting to see value in battered mining shares.

Chill sweeps over Malaysia IPOs as market turns hostile

KUALA LUMPUR, May 18 (Reuters) - The stalling of Malaysia's once-inspired IPO market is threatening to turn into a slump, weighed down by a worsening economic outlook, currency volatility and dismal performances by some of last year's biggest debutantes.<

Chinese wind earnings under pressure with fifth of farms idle

SHANGHAI/HONG KONG, May 18 (Reuters) - China's wind farm firms are feeling the heat as state grid operators deliberately delay hooking them up and cut back on purchases, wasting about a fifth of the total wind power output or enough electricity to run Beijing for 40 days.

U.S. gas prices up 22 cents over past three weeks -survey

May 17 (Reuters) - The average price of a gallon of regular-grade gasoline in the United States rose 22 cents over the past three weeks to $2.82, according to a Lundberg survey released on Sunday.

Qatar Petroleum to restructure in wake of oil price fall

DOHA, May 17 (Reuters) - State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said.

Somali Islamists deny Burundian president's claim of planned attack

MOGADISHU, May 17 (Reuters) - The Somali Islamist group al Shabaab denied a claim by Burundian President Pierre Nkurunziza on Sunday that they were plotting an attack against the country, calling the beleaguered president's claims a distraction from a political crisis in his country.

Nippon Steel says seamless pipe demand to fall 20-30 pct

TOKYO, May 18 (Reuters) - Nippon Steel & Sumitomo Metal Corp expects demand for seamless pipes used in oil drilling to fall by up to 30 percent this business year, but aims to offset most of the impact through lower fuel costs, a senior executive said.

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