Shell leads the way with $30 billion divestiture plan Earnings season has gone as expected thus far, as the majority of energy companies are reporting losses and writedowns due to the commodity downturn. Some are fighting to maintain their dividends at all costs, while others are abandoning the investor incentive in hopes of adding some protection to their balance sheets.
From Forbes: The ongoing tension between Turkey and Russia makes Turkey’s dependence on foreign energy perhaps the country’s biggest concern. And this begins with natural gas, which passed oil in 2012 to become Turkey’s main source of energy. Turkey imports 99% of its gas, and Russia pipes in nearly 60% of Turkey’s total gas use. Turkey is the second largest consumer of Russian gas and paid Gazprom
From Reuters: The largest U.S. independent refiners are bullish on domestic gasoline demand as super-cheap fuel and the lure of bigger vehicles entice more consumers. Valero Energy Corp and Phillips 66 both say they are in “max gasoline mode,” pumping out as much as they can as a mild winter, economic uncertainty and a stinging slump in oil drilling squeezed
ISO Hosts Public Meeting on Regional Integration Studies
Bristow Group Inc. (BRS), the leading provider of helicopter services to the offshore energy industry, announced today that its Board of Directors approved a $0.07 per share quarterly dividend, which compares to $0.34 per share in the prior quarter. The dividend will be payable on March 15, 2016 to stockholders of record at the close of business on March 1,
Alliant Energy Corporation Announces Year-End 2015 Earnings Release and Conference Call… Username or E-mail Password Remember Me Forgot Password
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Regal Beloit Corporation Announces Fourth Quarter and Full Year 2015 Financial Results
Pembina Pipeline Corporation Declares February 2016 Common Share Dividend and Fourth Quarter/Annual 2015 Results Conference Call and Webcast…
Parex Resources Increases 2P Reserves to 82 MMboe, Achieves 232% 2P Reserves Replacement, and Delivers 2P F&D of USD$0.99/boe
Bristow Group Reports Financial Results for its 2016 Fiscal Third Quarter and Nine Months Ended December 31, 2015
Venezuela on track for the largest sovereign debt default in history OPEC’s members, along with other major oil producers like Russia and the U.S., have all been feeling the pain of lower oil prices, but perhaps none more than Venezuela. The country relies on oil exports for “96 percent of its hard currency and 40-45 percent of the federal budget,”
