Energy Update

You are here

Home » Global Read

UPDATE 1-Driller Rowan writes down assets by $438.4 mln in 4th qtr

Feb 27 (Reuters) - Contract driller Rowan Cos Plc wrote down the value of 12 of its oldest jack-up rigs by $438.4 million, joining rivals such as Transocean Ltd in recording big asset impairment charges.

Scientific Research Crucial to Success of New Biofuels Plants

The U.S. Energy Department's National Renewable Energy Laboratory (NREL) played crucial roles in the technology that has led companies DuPont, POET, and Abengoa to open commercial-scale facilities to turn biomass into clean transportation fuels.

EXCLUSIVE-UPDATE 1-Areva to cut wage bill 15 pct as prospects worsen - union sources

PARIS, Feb 27 (Reuters) - French nuclear group Areva plans to cut 15 percent of its wage bill to save 300 million euros ($337 million) a year within three years amid worsening sales prospects for its reactors, union sources briefed by the new management team said.

UPDATE 1-Rio Tinto energy chief's job cut may signal coal exit

* Glencore, Mick Davis among the potential buyers-sources (Recasts with comments on potential exit from coal)

U.S. fourth-quarter growth rate revised down to 2.2 percent

WASHINGTON, Feb 27 (Reuters) - U.S.

Areva to cut wage bill 15 pct as prospects worsen-union sources

PARIS, Feb 27 (Reuters) - The management of French nuclear group Areva plans to cut 15 percent of its wage bill and thereby save 300 million euros ($337 million) a year as the prospects for sales of its reactors worsen, according to union sources briefed by the new team.

Driller Rowan reports quarterly loss on impairment charge

Feb 27 (Reuters) - Contract driller Rowan Cos Plc reported a quarterly loss compared with a profit a year earlier, as it wrote down the value of 12 of its oldest jack-up rigs by $438.4 million.

UPDATE 2-Ukraine sends small prepayment for Russian gas

* No threat to gas for Europe -Ukraine official (Adds Naftogaz quotes, background)

RPT-COLUMN-PetroChina, Sinopec merger makes little sense: Russell

(Repeats with no changes to text) - Clyde Russell is a Reuters columnist. The views expressed are his own. -

How lower natgas prices, higher inventories are affecting US coal market

Platts and Bentek analyze recent trends in US coal production, the role of geography energy production costs, and the theoretical coal-to-gas switching potential.

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