Williams Cos shares down in trading By Michael Erman and Michael Flaherty June 30 (Reuters) – Six of Williams Cos Inc’s directors, including the pipeline company’s chairman, resigned on Thursday after a failed attempt to oust Chief Executive Alan Armstrong, three sources familiar with the matter told Reuters. The resignations from the company’s 13-member board […]
Six Williams Cos directors resign after failing to oust CEO Read More »
India looks to raise solar capacity nearly 30 times NEW DELHI, June 30 (Reuters) – The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head. Modi is banking on India’s 300 days a year
India to get over $1B from World Bank for Modi’s solar goals Read More »
17 states signed on to Exxon climate probe, few have filed subpoenas HOUSTON, June 29 (Reuters) – The U.S. Virgin Islands’ attorney general on Wednesday agreed to withdraw a sweeping subpoena issued against Exxon Mobil Corp as part of a push by a coalition of state prosecutors to try to investigate whether the world’s largest
US Virgin Islands to withdraw subpoena in Exxon climate probe Read More »
Saudi Arabia crude sales to Asia recently overtaken by Russia By Florence Tan and Osamu Tsukimori SINGAPORE/TOKYO, June 30 (Reuters) – Saudi Arabia will supply more Arab Extra Light crude to at least two buyers in Asia in July, four sources familiar with the matter said on Thursday, as the top oil exporter ramps up
Saudi Arabia crude sales to Asia up, pressuring rivals Read More »
Stephen Harper gov’t approved Northern Gateway in 2014 By Julie Gordon VANCOUVER, June 30 (Reuters) – A Canadian court has overturned the approval of Enbridge Inc’s Northern Gateway oil pipeline, again delaying a project fiercely opposed by environmentalists and many aboriginal groups. The Federal Court of Appeal ruled in a 2-to-1 decision released on Thursday that
Northern Gateway approval overturned by Federal Court of Appeal Read More »
Expected E&P capital spending in 2017 jumped 40 points to 25.4, suggesting producers are boosting CAPEX Business activity improved in the second quarter, according to oil and gas executives responding to a recent Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of sentiment among Eleventh District energy firms—turned positive at 13.8, up sharply
Federal Reserve of Dallas: Oil and gas slump moderates, outlook improves Read More »
Norway oil strike could cut production by six per cent OSLO, June 30 (Reuters) – Energy companies and trade unions in Norway began two-day wage talks on Thursday in a bid to avert a strike that would cut output from Europe’s largest oil producer by six percent, the Norwegian Oil and Gas Association (NOG) said. Unions
Norway oil wage talks begin as workers threaten strike Read More »
Saudi Arabia appears to be conceding market share to rivals By Clyde Russell LAUNCESTON, Australia, June 30 (Reuters) – Has Saudi Arabia already switched tack and started to surreptitiously balance supply and demand in the crude oil market? One of the persistent themes of crude oil markets since the price crashed in mid-2014 is that top
Opinion: Saudi Arabia appears to end oil market share war, starts balancing Read More »
Husky Sunrise oil sands shut down in May due to wildfire CALGARY, Alberta, June 30 (Reuters) – Husky Energy’s Sunrise oil sands operations in northern Alberta are back to normal after the project shut down last month because of wildfires in the region, a company spokesman said on Thursday. Sunrise is a 60,000 barrel per day
Husky Sunrise oil sands operations are back to normal Read More »
Oil prices, US crude inventories fall By Devika Krishna Kumar NEW YORK, June 30 (Reuters) – Oil prices dropped more than 3 percent on Thursday, pressured by returning Nigerian and Canadian crude output from outages and as traders booked profits at the end of the best quarter in seven years. The market soared more than
Oil prices fall on fading supply disruptions, profit taking Read More »
