Energy Update
During the first nine months of the year, Iberdrola gained a net profit of €2.042bn, up by 6.4% on the same period last year, due to good business performance and the reduction in operating and financial costs.
Oct 25 (Reuters) - Canadian National Railway Co
reported a 6.5 percent fall in quarterly revenue on Tuesday as
it moved lower volumes of crude oil, coal and fracking sand.
Oct 25 (Reuters) - Contract oil and gas driller Nabors
Industries Ltd said on Tuesday it was seeing significant
utilization increases in the Lower 48 states of the United
States, but that spot market pricing remained competitive.
BRUSSELS, Oct 25 (Reuters) - The European Union will decide
by Monday whether to ease restrictions on Russia's access to a
gas pipeline link to Germany, two people close to the issue said
on Tuesday.
CHICAGO, Oct 25 (Reuters) - A U.S. judge on Tuesday ordered
the bankrupt U.S. subsidiaries of renewable energy company
Abengoa SA to disclose their dealings with their
Spanish parent, which was accused of draining cash from the U.S.
units.
TORONTO, Oct 25 (Reuters) - Canada's main stock index fell
on Tuesday in a broad retreat led by energy stocks as oil prices
weakened, while gold miners offset the losses as bullion hit a
near three-week high.
ZURICH/CARACAS, Oct 25 (Reuters) - Switzerland has
transferred about $51 million in formerly frozen assets to the
United States in connection with an investigation into alleged
corruption at Venezuela's state oil company PDVSA, authorities
said on Tuesday.
HOUSTON, Oct 25 (Reuters) - Upstart oil company Energy
Hunter Resources Inc said on Tuesday it plans to hold an initial
public offering in November, only six months after founder Gary
Evans left as chief executive of his previous company when it
exited bankruptcy.
The governments of Nepal and Bangladesh have signed an agreement to build two pumped-storage hydropower plants with a total capacity of more than 1,600 MW in Nepal, according to the Kathmandu Post.
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