July 2016

TransCanada Q2 profit beats; asset sales plan moving ahead

TransCanada recently took over Columbia Pipeline Group By Julie Gordon July 28 (Reuters) – TransCanada Corp, Canada’s second-largest pipeline company, reported on Thursday a slightly higher-than-expected quarterly profit, and said the process of seeking buyers for the sale of some of its assets was well under way. The Calgary-based company is marketing an up to 49.9

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Pioneer Natural Resources: Permian Basin production costs competitive with Saudis at $2.25/b

Pioneer Natural Resources CEO says Permian Basin production costs at $2.25 a barrel By Terry Wade HOUSTON, July 28 (Reuters) – Improved fracking techniques have helped cut Pioneer Natural Resources Co’s production costs in the Permian Basin to about $2 a barrel, low enough to compete with oil rival Saudi Arabia, CEO Scott Sheffield said on

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Nigeria missing oil output of 700,000 b/d after militant attacks

“[W]ith militants wanting a greater share of the country’s oil wealth, outages are likely to prevail until any agreement can be made.” – Barclays LONDON (Reuters) – Nigeria’s oil production is now 700,000 barrels per day (b/d) lower as a result of persistent militant attacks on oil pipelines and infrastructure, according to state oil company

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