Energy Update
Feb 24 (Reuters) - British oilfield services company Petrofac Ltd said its full-year revenue grew 10 percent and that its order book stood at record levels at the end of the year, sending shares up more than 12 percent on Wednesday morning.
Feb 24 (Reuters) - Scottish engineering firm Weir Group Plc said its pretax profit for the year nearly halved, as its customers continued to delay spending in order to weather the slump in oil prices.
Feb 24 (Reuters) - British oilfield services company Petrofac Ltd said net profit for the year, before accounting for a loss from its Shetland Islands project, fell by nearly a quarter, as its customers held back on spending due to the slump in oil prices.
Mexico's state oil company is hoping that an infusion of capital from private equity firms and other foreign investors will help it stave off a pressing liquidity crunch.
(Wed, 24 Feb 2016) U.S. electric power generators consumed 740 million tons of coal in 2015, fueling about one-third of total electric power generation and accounting for 92% of all coal consumed in the United States. Nearly 70% of all coal used by power plants to generate electricity was shipped either completely or in part by rail. The rest was transported by waterway, truck, or?for power plants located near a coal mine?by conveyor.
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