Energy Update
Aug 4 (Reuters) - Duke Energy Corp, the biggest U.S.
power company by generation capacity, reported a 6.3 percent
fall in quarterly profit, hurt by an impairment charge related
to certain assets in Central America.
Aug 4 (Reuters) - Chesapeake Energy Corp's quarterly
net loss narrowed from a year earlier, when the No.2 U.S.
natural gas producer had taken a $5 billion impairment charge.
HOUSTON/NEW YORK, Aug 4 (Reuters) - The long-planned and
oft-delayed Sandpiper pipeline through the U.S. Midwest may not
be dead, but it appears to be on life support, a likely casualty
of the oil-and-gas industry's infrastructure overbuild amid a
two-year global oil rout.
Aug 4 (Reuters) - Oil and natural gas producer Canadian
Natural Resources Ltd reported a smaller
quarterly loss on Thursday, as lower expenses helped offset a
slump in crude prices.
MOSCOW, Aug 4 (Reuters) - Russian coal and steel producer
Mechel raised supplies of its coking coal concentrate
to China in the second quarter and started sales to India and
Vietnam, it said on Thursday.
Aug 4 (Reuters) - British outsourcing firm Serco Group Plc
raised its 2016 profit forecast for the second time this
year and also said Britain's vote to leave the European Union
could bring opportunities as well as costs.
WARSAW, Aug 4 (Reuters) - Australian fund management firm
IFM and its unit Veolia Energia Polska have submitted the
highest offer to buy Polish heating assets from France's EDF
, the Puls Biznesu daily said, quoting unidentified
sources.
Aug 4 (Reuters) - RPS Group Plc, an infrastructure
and resources consultant, said it expected to move back into the
black for the year, boosted by better performance in its energy
business due to cost-cutting initiatives and lower
reorganisation costs.
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