Energy Update

You are here

Home » Global Read

UPDATE 2-Norway cuts growth outlook as oil sector woes deepen

* Economy adjusts to lower oil price (Adds official release, analyst, oil income)

UPDATE 1-Saudi Arabia's April crude output hits record high

* Supply to market ran at 10.36 million bpd (Adds details, background)

Amidst an oil boom, North Dakota produces premium caviar

WILLISTON, N.D., May 12 (Reuters) - North Dakota is known globally not just for prolific oil production, but also, it turns out, for caviar.

At the gas pump, US biofuel lobby scores a point against big oil

NEW YORK, May 12 (Reuters) - In a long-running battle between oil refiners and the U.S.

UPDATE 2-BHP cuts production costs in response to metal price dive

* Moves follow decline in commodity prices (Adds quote from BHP CEO, analysts)

UPDATE 1-Cape order intake falls on contract delays, project deferrals

May 12 (Reuters) - Energy services provider Cape Plc said orders in the first quarter fell sequentially, hurt by delays in key contracts in the UK and project deferrals at its Motherwell Bridge unit.

UPDATE 1-BP to suspend operations at Caspian Sea platform

BAKU, May 12 (Reuters) - British oil major BP will suspend operations at one of its platforms in the Caspian Sea for planned maintenance, a spokeswoman for BP Azerbaijan said on Tuesday.

Chinese firms to supply equipment for Hinkley Point-EDF

PARIS, May 12 (Reuters) - French state-controlled utility EDF has signed agreements with Chinese firms which will supply equipment for two nuclear reactors EDF plans to build in Hinkley Point, Britain, the company said.

BHP Billiton cuts 2016 spending, iron ore cost forecast

LONDON, May 12 (Reuters) - BHP Billiton , the world's largest mining company, said on Tuesday it would cut its capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

UPDATE 1-Norway's Statoil shakes up top management, replaces CFO

OSLO, May 12 (Reuters) - Norwegian oil firm Statoil replaced its chief financial officer on Tuesday and appointed several new top managers, continuing a shake-up since its chief executive was poached by rival BG Group last October.

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