Energy Update

You are here

Home » Global Read

Harvest Natural faces cash crunch, considers restructuring

March 30 (Reuters) - Oil and gas producer Harvest Natural Resources Inc said it was facing a severe cash crunch and would consider restructuring if it failed to obtain sufficient funding.

UPDATE 1-Bets on Brent crude oil rally to highest since July-ICE

LONDON, March 30 (Reuters) - Hedge funds increased their bets on rising Brent crude oil prices last week to their highest since July 2014, exchange data showed on Monday, in a sign large speculators are positioning for a possible rebound.

UPDATE 2-Evergrande posts lower 2014 debt ratio despite doubling structured loans

* Net gearing at 85.9 pct, mid-long term goal to reach 70 pct-CFO

RPT-Hi-tech and Big Data offer hope to battered US oil industry

WILLISTON, N.D., March 27 (Reuters) - The tech geeks are coming to the oil industry's rescue.

UPDATE 1-China probes senior power official for graft

BEIJING, March 30 (Reuters) - A top executive of state-run China Southern Power Grid is under investigation for "serious disciplinary violations", the graft watchdog of Guangdong province said on Monday, as the government presses home its fight against pervasive corruption.

UPDATE 1-Japan's Sharp won't exit solar business as part of bank bailout - executive

SAKAI, Japan, March 30 (Reuters) - Loss-making Japanese electronics firm Sharp Corp said it plans to keep making solar cell products at a high-tech factory in western Japan, dismissing talk it may sell or exit the unprofitable business as it seeks backing from lenders for plans to revive the company.

Amid Yemen chaos, China keeps oil shipments flowing

LONDON, March 30 (Reuters) - China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week.

Nigeria election results due to start trickling in

ABUJA, March 30 (Reuters) - Results from Nigeria's elections, potentially the closest contest since the end of military rule in 1999, were due to start trickling in on Monday after a weekend vote marred by confusion, arguments and sporadic violence.

Italy's Saipem says needs more money to finish Poland's LNG terminal

WARSAW, March 30 (Reuters) - Italian firm Saipem will complete the delayed construction of Poland's liquefied natural gas (LNG) terminal this summer, but only if it receives further payment, Polish daily Rzeczpospolita said, quoting Saipem's spokeswoman.<

Ukraine's Naftogaz backs extending gas supply deal with Gazprom

KIEV, March 30 (Reuters) - Ukrainian state-run energy firm Naftogaz said on Monday it had proposed to Russian gas producer Gazprom that its current gas supply agreement be extended until April 1, 2016, and that it was ready to discuss the proposal.

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