From Bloomberg:
The ruble weakened the most among currencies worldwide, catching up with the biggest decline in oil in more than a month, as Russian markets reopened following a two-day holiday.
The currency slid 2.2 percent to 66.06 per dollar …
From Bloomberg
Greenlight’s main hedge fund rose 3.1 percent in the first four months of the year, beating both stock markets and its peers. The fund dropped 20.4 percent in 2015, Einhorn’s worst underperformance since he founded the firm in …
From Scientific American
Oil price rises over the past 40 …
Dominion Midstream Partners, LP (NYSE: DM) reported unaudited net income attributable to the partnership of $23.1 million, or $0.29 per common limited partner unit for the three months ended March 31, 2016. Adjusted earnings before interest, income taxes, depreciation and …
From the Edmonton Journal
Tens of thousands of people have fled north and south.
Fuelled by soaring temperatures that hit 32 C and tinder-dry forest, the fire broached the city limits and by 6:20 p.m. a mandatory evacuation order was …
From Marine Link
Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals – CEO.
A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in …
From Rebuilding Iraq
Mr. Fayadh H. Niema the senior deputy minister of oil announced for the elevation of the oil production from Badra field in Wasit province to 65 thousand barrels/day by the end of this year.
Mr. Niema said …
From e-Financial News
Energy investment veteran Tim Guinness is shrugging off the market turmoil, which has led to a collapse in the price of commodities, with the launch of a private equity fund, led by two specialist hires from M&G …
CALGARY, ALBERTA–(Marketwired – May 2, 2016) – Husky Energy (TSX:HSE) has reached an agreement on the sale of royalty interests representing approximately 1,700 barrels of oil equivalent per day of expected Western Canada production in 2016 to Freehold Royalties Ltd.…
From the Portland Tribune
Onboard Dynamics — an innovator in compressed natural gas refueling — has received $3 million from the U.S. Department of Energy’s Advanced Research Projects Agency – Energy, Portland Seed Fund, NW Natural and other utilities and …
From the Wall Street Journal
PARIS—France’s antitrust regulator has ordered power utility Engie SA to change its natural gas prices for non-residential customers to better reflect its costs.
Acting on a complaint filed in October by rival Direct Energie, the …
From Puget Sound Business Journal
Microsoft CEO Satya Nadella said the Redmond company is preparing for “the next act” while working to stay true to its sense of identity.
After …
LAFAYETTE, La., May 2, 2016 /PRNewswire/ — PetroQuest Energy, Inc. (the “Company”) today announced a net loss to common stockholders for the quarter ended March 31, 2016 of $39,137,000, or $0.58 per share, compared to first quarter 2015 …
PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE:EQT) (the Company or EQT) announced today that it has priced a public offering of 10,500,000 shares of its common stock at a price to the public of $67.00 per share. The 10,500,000 share offering was upsized …
From The Wall Street Journal:
l prices fell for a third straight session Tuesday on expectations that U.S. crude-oil inventories have hit a new record high.
Renewed concerns about weaker Chinese demand and growing global supplies also weighed on the …
From Reuters:
OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil market, sources said, pointing to deep divisions over …
From Bloomberg:
Abu Dhabi is indefinitely delaying construction of the first land-based facility for importing liquefied natural gas into the United Arab Emirates after it contracted a floating supply terminal, according to two people with knowledge of the situation.
EmiratesLNG …
From Reuters:
Canadian oil and gas producer Lightstream Resources warned on Monday it could fail to meet a debt payment obligation due in mid-June if it is unable to bolster its balance sheet through asset sales.
The Calgary-based company also …
The Colorado Supreme Court issued a decision on Monday in opposition of the City Of Fort Collins and their five-year fracing moratorium. The decision comes in the wake of …
From Reuters:
Russian oil output fell slightly to 10.84 million barrels per day (bpd) in April, Energy Ministry data showed on Monday, as production declined at large energy firms Lukoil, Gazprom Neft and Gazprom. Continue reading here.
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From The Wall Street Journal:
Two more publicly traded oil and natural gas companies, with combined debts of more than $5.8 billion, filed for chapter 11 bankruptcy protection in Texas as the industry continues to suffer amid stubbornly low prices.…
From Reuters:
Oil prices fell about 3 percent on Monday as production from the Organization of the Petroleum Exporting Countries neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month’s outsized rally.
OPEC’s crude …
HOUSTON, May 2, 2016 /PRNewswire/ — Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has appointed Kelly Youngblood as Senior Vice President and Chief Financial Officer, to …
Transformational Changes Position Company for Near- and Long-Term Growth
CALGARY, ALBERTA–(Marketwired – April 29, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for first quarter 2016 of $252 million or $0.36 per share
HOUSTON–(BUSINESS WIRE)–Occidental Petroleum Corporation (NYSE: OXY) announced today that its Board of Directors has named Vicki A. Hollub the company’s President and Chief Executive Officer, completing the previously disclosed succession plan. Ms. Hollub succeeds Stephen I. Chazen, …
TORONTO, ON–(Marketwired – April 29, 2016) – Scotiabank’s Commodity Price Index lifted off from a more than 12-year low in February, rallying 7.8% m/m in March. While the direction of this recent price activity is in line with Scotiabank …
From Bloomberg
As the speed and scale of Iran’s return to the global crude market shows signs of surprising oil analysts, one shipment from the Persian Gulf country that was meant to be a milestone cargo isn’t proving straightforward to …
From Bloomberg
Oil’s climb above $45 a barrel is reassuring influential figures from BP Plc to the International Energy Agency that the industry is finally recovering from the worst slump in a generation. Others say the market is about to …
From Bloomberg
Leftist guerrillas in Colombia, rebels in Libya and militants in Nigeria are succeeding where the world’s biggest oil producers failed, helping keep a 1.5 million-barrel crude surplus from expanding.
While Saudi Arabia, Russia and other major producers couldn’t …
From CNBC
Saudi Arabia’s plan to diversify its economy away from oil grabbed the headlines this week, but other crude exporters have similar plans.
Saudi Arabia’s “Vision 2030,” which includes plans to create the world’s biggest sovereign wealth fund, privatize
