Tesla hoping to convince shareholders prior to vote on SolarCity merger SAN FRANCISCO/LOS ANGELES, Nov 1 (Reuters) – Tesla Motors Inc said on Tuesday its $2.6 billion merger with SolarCity Corp would add over $500 million in cash to the electric carmaker’s balance sheet over the next three years, while contributing over $1 billion to revenue […]
Tesla says SolarCity would add $1 billion to 2017 revenue Read More »
Saudi Aramco CEO sees supply/demand gap narrowing By Reem Shamseddine RIYADH, Nov 2 (Reuters) – Saudi Aramco expects oil prices to rebound in the first half of 2017 and for demand to remain healthy following two years of painfully low prices, the state-owned producer’s Chief Executive Officer Amin Nasser said on Tuesday. “The gap between supply
Saudi Aramco CEO expects oil price rise in 1st-half 2017 Read More »
Devon Energy cut expenses to offset oil slump Nov 1 (Reuters) – U.S. oil producer Devon Energy Corp reported a better-than-expected quarterly profit as cost savings cushioned the impact of weak oil prices. Devon has cut its lease operating expenses, including labor and supply costs, to offset a more than 55 per cent side in
Devon Energy Q3 profit beats estimates Read More »
Noble Energy operating expenses down 9.8 per cent in Q3 Nov 1 (Reuters) – Oil and gas producer Noble Energy Inc posted a much smaller-than-expected loss in the third quarter as lower expenses helped offset the impact of weak oil prices. Noble, which said in May it expects to spend less the $1.5 billion it had
Noble Energy posts smaller-than-expected loss as costs fall Read More »
Pioneer Natural Q3: $22 million profit Nov 1 (Reuters) – Pioneer Natural Resources Co posted a lower-than-expected quarterly profit on Tuesday as an increase in the average selling price and sales of its oil failed to offset higher expenses. Pioneer boosted its 2016 production forecast slightly and increased its hedging program for 2017, highlighting executives’ optimism that
Pioneer Natural profit misses Street despite output jump Read More »
Vladimir Putin uses natural resources for foreign policy purposes By Agnia Grigas Nov 1 (Reuters) – As President Vladimir Putin seeks to reinforce Russia’s position as a global power through nuclear saber-rattling and military campaigns in Ukraine and Syria, the next U.S. administration will need to both contain and cooperate with him. If played right, that
Opinion: How Putin is losing his grip on pipeline politics Read More »
Oil sands emissions capped at 100 megatonnes By Nia Williams CALGARY, Alberta, Nov 1 (Reuters) – The government of Alberta, Canada’s main crude-producing province, on Tuesday introduced a bill in the legislature to enshrine in law its 100 megatonne limit for oil sands emissions. The legislated cap builds on the left-leaning NDP government’s climate plan,
Alberta introduces bill to make oil sands emissions cap law Read More »
Links between quakes 80-90 years ago do not apply to modern industry’s oil production practices By Steve Gorman LOS ANGELES, Nov 1 (Reuters) – Several damaging Los Angeles-area earthquakes of the 1920s and 1930s, including the deadliest ever in Southern California, may have been induced by oil production during the region’s drilling boom of that era, U.S. government
Early Los Angeles-area quakes linked with oil production Read More »
TransCanada bought Columbia Pipeline Group for $10.3 billion By Nia Williams CALGARY, Alberta, Nov 1 (Reuters) – TransCanada Corp , Canada’s No. 2 pipeline operator, said on Tuesday it will sell its U.S. Northeast Power business and do a bought deal common share offering to help fund its acquisition of the Columbia Pipeline Group earlier
TransCanada sells U.S. Northeast Power unit to fund Columbia deal Read More »
$187 billion in Canadian infrastructure spending between now and 2027/28 By David Ljunggren OTTAWA, Nov 1 (Reuters) – Canada will boost spending on infrastructure projects by an extra C$81 billion ($60.49 billion) over the next 12 years in a bid to revitalize a limping economy, Finance Minister Bill Morneau said on Tuesday. The Liberal government, trying
Canadian infrastructure spending increasing as oil slump stalls growth Read More »
