Energy Update
LONDON, Nov 1 (Reuters) - U.S. natural gas production may be
stabilising or even starting to rise as the boost to oil and gas
prices in recent months stimulates an increase in new drilling.
Nov 1 (Reuters) - The head of a Native American tribe that
has led months of demonstrations against the construction of an
oil pipeline in North Dakota said on Tuesday the group would
keep up its protests through the state's bitter winter.
SYDNEY, Nov 2 (Reuters) - New Caledonia nickel producer
Societe Le Nickel, a subsidiary of French conglomerate Eramet
, on Wednesday said a series of explosions at a smelter
had temporarily disrupted output earlier this week.
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.
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.
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 this year.
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 scientists reported on Tuesday.
SAN FRANCISCO, 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 next three years, while
contributing over $1 billion to revenue in 2017.
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.
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