Energy Update
As the planet increasingly looks to curb greenhouse emissions, it is not uncommon to see solar and wind energy take center stage in the debate. However, a sometimes-neglected form of energy could play a major role in preparing economies for a future that is less dependent on fossil fuels—tidal energy.
May 16 (Reuters) - U.S. oil and gas producer SandRidge
Energy Inc and some of its units filed for bankruptcy
protection on Monday, the latest company to fall victim to weak
oil prices.
BANGKOK, May 16 (Reuters) - U.S. oil firm Chevron
plans to lay off 800 staff this year in Thailand as it looks to
cut $500 million in costs at the Thai business to weather the
fall in global oil prices, the company said on Monday.
May 16 (Reuters) - Canadian oil and gas producer Penn West
Petroleum Ltd said on Monday it may be in
default on its financial covenants at the end of the second
quarter and raised doubts about its ability to continue as a
going concern.
SYDNEY, May 16 (Reuters) - Monaco-based oil services company
Unaoil denied on Monday a media report linking it to corrupt
practices involving big oil companies said it has been the
victim of an extortion attempt by unidentified criminals.
May 16 (Reuters) - The war of words between U.S. pipeline
operators Williams and Energy Transfer Equity (ETE)
has worsened after Williams filed a lawsuit to pressure
its would-be buyer to proceed with their merger agreement.
* For other news from Reuters Financial Regulation Summit,
click on http://www.reuters.com/summit/FinancialRegulation16
May 16 (Reuters) - Canadian oil and gas producer Penn West
Petroleum Ltd said on Monday it may be in
default on its financial covenants at the end of the second
quarter and raised doubts about its ability to continue as a
going concern.
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