Plains All American costs up 23.3 per cent Feb 6 (Reuters) – Plains All American Pipeline LP reported on Tuesday a quarterly profit that nearly halved, largely due to a 23.3 per cent jump in costs. The company, one of the top U.S. transporters of oil and gas, said total revenue rose about 19 per […]
Plains All American profit nearly halves as costs jump Read More »
Parsley Energy buys 71,000 net acres from Double Eagle Feb 7 (Reuters) – Parsley Energy Inc said on Tuesday it would buy certain assets in the oil-rich Permian Basin for about $2.8 billion from Double Eagle Energy Permian LLC, its second deal in the largest U.S. oil patch in less than a month. The energy industry
Parsley Energy to buy assets in Permian basin for about $2.8 billion Read More »
CalPERS says it will use engagement to change Dakota Access corporate behavior By Rory Carroll SAN FRANCISCO, Feb 6 (Reuters) – California Public Employees’ Retirement System should maintain its investments in the controversial Dakota Access oil pipeline project in order to exert influence over the companies involved, staff for the largest U.S. public pension fund
CalPERS staff says fund should not divest from Dakota Access Read More »
Neste looks to expand investment in US or Singapore HELSINKI, Feb 7 (Reuters) – Finnish refiner Neste reported a rise in annual operating profit on Tuesday led by renewables and said it would look to expand in biofuels, possibly through investment in the United States or Singapore. Operating profit rose to 983 million euros ($1.05
Refiner Neste posts strong renewable profits, mulls investment Read More »
Peabody Energy accused of undermining “creditor democrasy at the core of Chapter 11” By Tracy Rucinski CHICAGO, Feb 6 (Reuters) – Opponents of Peabody Energy Corp’s reorganization plan have filed an emergency appeal against a key piece of the coal producer’s proposal they say violates U.S. bankruptcy law by prematurely requiring creditors to promise support it.
Rebel creditors file emergency appeal against Peabody Energy reorg Read More »
VW to install over 500 charging stations nationwide By David Shepardson WASHINGTON, Feb 7 (Reuters) – Volkswagen Group of America on Tuesday announced a U.S. subsidiary that will manage $2 billion in investments in zero emission vehicle infrastructure and awareness programs over a decade as part of a court settlement over its excess diesel emissions.
VW launches U.S. electric vehicle infrastructure unit Read More »
US solar jobs grew 25 percent last year Feb 7 (Reuters) – The number of US solar jobs grew by 25 per cent last year to include more than 260,000 workers, according to a report by sector advocacy group the Solar Foundation on Tuesday. Solar’s dramatic jobs growth, including its largest annual percentage gain in the
US solar jobs grew 25 per cent last year Read More »
Green hydrogen may replace coal in steel manufacturing By Shadia Nasralla VIENNA, Feb 7 (Reuters) – Siemens, steel maker Voestalpine and hydropower firm Verbund are planning to build a cutting-edge plant to make green hydrogen more suitable for industrial use, the companies said on Tuesday. Utilities and industrial firms are under increasing pressure to reduce carbon
Siemens, Voest and Verbund to build largest green hydrogen site Read More »
Statoil Q4 net operating loss of $1.9 billion vs. forecast of $2.1 billion profit By Nerijus Adomaitis and Gwladys Fouche LONDON/OSLO, Feb 7 (Reuters) – Norway’s Statoil plunged to an unexpected loss in the fourth quarter of last year, as it cut its long-term assumptions for the price of oil and took a $2.3 billion impairment
Statoil takes hit as cuts long-term oil price view Read More »
BP posts lowest annual profit in a decade By Karolin Schaps and Ron Bousso LONDON, Feb 7 (Reuters) – BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive
BP lifts break-even oil price after Q4 profit miss Read More »
