NEW YORK (Reuters) – Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows and a swelling global glut shows no sign of letting up... More »
BASRA, Iraq (Reuters) – Rockets landed near a site connected with foreign oil firms and state-run companies in Iraq’s southern city of Basra early on Monday, without causing damage or casualties, oil and police sources said. The rockets, which police said were... More »
NEW YORK (Reuters) – Firefly Value Partners on Thursday asked Gulfport Energy for a seat on its board and criticized the “half-measures” which the U.S. gas exploration and production company is taking to improve its financial performance. On Monday, Oklahoma C... More »
WASHINGTON (Reuters) – The Trump administration on Friday unveiled a proposal that would curb state powers to block pipelines and other energy projects, part of the Trump administration’s effort to boost domestic oil, gas and coal development. The U.S. Environ... More »
SINGAPORE (Reuters) – Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. Total capital expenditure in renewables will rise above $30 billion in the region ... More »
DEER PARK, Texas (Reuters) – Hundreds of neighborhood residents of a petrochemical plant that burned for three days and briefly emitted cancer-causing benzene into the air brought their coughs, headaches and other symptoms to a mobile clinic on Friday set up b... More »
BERLIN (Reuters) – Germany’s Economy Minister Peter Altmaier on Monday said that he did not want Germany to compensate for a planned phase out of coal-fired power by 2038 by importing nuclear power from neighboring countries. “We want energy security to be pro... More »
WARSAW (Reuters) – Polish and Lithuanian power grid operators said on Friday they had agreed to build a high voltage direct current (HVDC) underwater cable by 2025 as part of a plan to connect the electricity grids of the Baltic states with those of the Europe... More »
NEW YORK (Reuters) – Brenham Capital Management LP, an energy equities fund manager with about $800 million in assets under management, will shut after two years of losses, its founder said in a letter to investors on Friday. The Dallas-based fund will be liqu... More »
FILE PHOTO: Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo MILAN (Reuters) – Italian energy company Eni will conduct research with the Massachusetts Institute of ... More »
FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo HOUSTON/WASHINGTON (Reuters) – The U.S. oil and gas industry on Thursday slammed President Donald Trump’s ... More »
FILE PHOTO – A Russian flag and a 3D model of the Facebook logo is seen through a cutout of the Twitter logo in this photo illustration taken in Zenica, Bosnia and Herzegovina, May 22, 2015. REUTERS/Dado Ruvic WASHINGTON (Reuters) – Russian operatives attempti... More »
FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo (Reuters) – Berkshire Hathaway Inc’s energy unit on Thursday named William Fehrman as its ... More »
An Electrify SG engineer shows a PowerPod that will be installed to record data of photovoltaic solar panels on a rooftop in Singapore. REUTERS/Edgar Su SINGAPORE (Reuters) – Energy startups have been using blockchain to power electricity sharing in microgrid ... More »
Oil and petrochemical plants along the U.S. Gulf Coast intend to go ahead with plans for near record spending on expansions next year, despite Hurricane Harvey driving up labor costs and slowing work, experts said. More »
The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. More »
Flooding from Tropical Storm Harvey has shut nearly a fifth of U.S. oil-refining capacity, triggering worries about a gasoline supply crunch as the slow-moving tempest lumbers through the heart of America's petrochemicals industry. More »
A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the country and across international energy markets. More »
Department of Homeland Security emblem is pictured at the National Cybersecurity & Communications Integration Center (NCCIC) located just outside Washington in Arlington, Virginia September 24, 2010. REUTERS/Hyungwon Kang/File Photo The U.S government warned i... More »
FILE PHOTO: President and CEO Brian Ferguson of Cenovus Energy addresses shareholders during the company’s annual general meeting in Calgary, Alberta, April 29, 2015. REUTERS/Todd Korol Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian ... More »
Several large investment firms are betting on U.S. energy bonds on the view that they have more room to run even after a sharp rebound in performance in 2016. More »
By Will Boggs MD(Reuters Health) – Drinking 32 ounces of energy drink is associated with potentially harmful changes in blood pressure and heart func More »
U.S. President Donald Trump speaks during a signing ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington, U.S., April 21, 2017. REUTERS/Aaron P. Bernstein U.S. President Donald Trump this week will sign new executive orders b... More »
A Krafla geothermal power plant is seen in Reykjahlid, Iceland, September 19, 2015. REUTERS/Lefteris Karagiannopoulos Scientists will study the possibility of producing geothermal energy from magma for the first time, in a $100 million project in Iceland, whic... More »
Peabody’s St. Louis headquarters seen from the steps of the Thomas F. Eagleton U.S. Courthouse, where a hearing on the coal producer’s plan to exit its Chapter 11 bankruptcy was held in St. Louis, Missouri, U.S., March 16, 2017. REUTERS/Tracy Rucinski Peabody ... More »
CVR Energy Inc will not pay a penalty over allegations that it made inadequate disclosures to investors during its unsuccessful defense against billionaire Carl Icahn’s 2012 hostile takeover, the U.S. Securities and Exchange Commission said on Tuesday. More »
Former Texas Governor Rick Perry exits after meeting with U.S. President-elect Donald Trump at Trump Tower in Manhattan, New York City, U.S., November 21, 2016. REUTERS/Brendan McDermid Rick Perry, who proposed eliminating the U.S. Energy Department during his... More »
BASRA, Iraq Iraq’s oil exports from its southern ports rose to 3.2 million barrels per day (bpd) on average in July, up from 3.175 million bpd in June, as the OPEC nation increased crude production, Iraqi oil officials said. Output at the Luhais field, operate... More »
NEW YORK Acquisition-hungry energy companies are back on the prowl. Dealmakers have recovered from the shock of Britain’s “Brexit” vote last month to leave the European Union and have resumed buying oil and gas fields in choice locations in Canada and the Unit... More »
NEW YORK Banks are increasingly requiring U.S. oil and gas companies to maintain minimum levels of liquidity, an unusual step that could help reduce the risk of being exposed to companies struggling to maintain operations and repay debt. One of the energy comp... More »
Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans. Every six months, oil and gas producers and their banks negotiate how ... More »
OKLAHOMA CITY Nearly 15 years since Enron’s collapse decimated the retirement accounts of its employees, hundreds of thousands of U.S. energy workers remain precariously exposed to big, concentrated bets on company stock in their 401(k) retirement plans. The s... More »
NEW YORK Some cash-strapped U.S. oil and gas companies are considering creating an unusual layer of debt as a way of surviving the rout in oil and gas prices, according to restructuring advisors. Chesapeake Energy Corp (CHK.N) for example is considering the st... More »
NEW YORK High-yield energy bonds are on track for their worst year since the global financial crisis yet some funds are holding on, convinced that markets underestimate the ability of many oil companies to ride out the crude price slump. Some money managers su... More »
BRUGELETTE, Belgium Belgian researchers are examining the excrement of giant pandas to try to understand how they can digest tough bamboo, hoping for clues on how to develop new generations of biofuel. The genetic make-up of endangered pandas is that of a carn... More »
