Energy Update
April 27 (Reuters) - Canadian oil and gas producer Suncor
Energy Inc said on Wednesday it has agreed to acquire an
additional 5 percent stake in Syncrude for about C$937 million.
April 27 (Reuters) - Pacific Exploration & Production Corp
said an Ontario court approved a $500 million
debtor-in-possession financing facility for the Canadian company
and its units, hours after it filed for creditor protection.
CALGARY, Alberta, April 27 (Reuters) - Cenovus Energy
is looking into building a diluent recovery unit at its
Bruderheim crude-by-rail terminal near Edmonton, Alberta, which
would allow the company to ship raw bitumen in tank cars and
save on condensate costs.
By now most renewable energy stakeholders and enthusiasts have heard the woes that have begotten SunEdison. On April 22, the company filed for bankruptcy after a long spending spree that was reportedly fueled by dept. In this video I talk to introduce Paula Mints, veteran solar analyst who had been predicting that SunEdison would be forced into bankruptcy since 2015 to hear her take on the situation.
HOUSTON, April 27 (Reuters) - Exxon Mobil Corp
raised its quarterly dividend by 3 percent on Wednesday, a day
after Standard & Poor's downgraded the U.S. oil and gas company
citing its generous payouts to shareholders.
SAN FRANCISCO, April 27 (Reuters) - Persistent low oil
prices continue to strain budgets in states like Alaska,
Louisiana, Oklahoma and North Dakota, which rely on oil
production taxes to fill government coffers, Standard and Poor's
said in a report on state budgets on Wednesday.
April 27 (Reuters) - Noble Corp Plc's quarterly
profit plunged 41 percent, coming slightly below analysts'
expectations, hurt by lower demand for rigs as oil prices hover
around decade lows.
April 27 (Reuters) - Solar panel maker First Solar Inc
reported its first revenue miss in four quarters,
sending its shares down as much as 9 percent in after-market
trading.
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