Energy Update
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.
CALGARY, Alberta, Nov 1 (Reuters) - TransCanada Corp
, Canada's No. 2 pipeline operator, on Tuesday reported
a quarterly loss because of an after-tax goodwill impairment
charge related to its U.S. Northeast Power business.
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