Energy Update
WASHINGTON, Jan 26 (Reuters) - Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc, and forecast a lower-than-expected profit in 2016.
(Adds latest prices) Jan 26 (Reuters) - U.S. natural gas futures traded within a few cents of unchanged on Tuesday for a fifth day in a row on forecasts for mixed, but still warmer-than-normal weather over the next two weeks. On its second-to-last day as the front month, February futures on the New York Mercantile Exchange closed up 2.2 cents, or 1 percent, at $2.18 per million British thermal units. That small gain put the front month up for a fifth straight day of increases, alb
WASHINGTON, Jan 26 (Reuters) - Lockheed Martin Corp on Tuesday said commercial helicopter sales for its Sikorsky Aircraft unit this year were expected to be about $375 million, half the level projected last summer, due to the sustained drop in world oil prices.
OTTAWA, Jan 26 (Reuters) - Canada's energy regulator is doing a poor job of monitoring pipeline firms, an official watchdog said on Tuesday in a report that could bolster support for government plans to reform how major oil and gas projects are approved.
Iran's return will have far reaching implications for an already saturated crude oil market. Paul Hickin assesses the ongoing challenges facing Tehran as it seeks to ramp up output.
LONDON, Jan 26 (Reuters) - Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said on Tuesday.
BERLIN, Jan 26 (Reuters) - SMA Solar, Germany's largest solar power equipment maker, beat its own targets on sales and earnings last year after a restructuring which returned the business to profitability sooner than expected.
ATHENS, Jan 26 (Reuters) - Israel's defence minister said on Tuesday that Islamic State militants had been funded with 'Turkish money', an assertion that could hinder attempts to mend fences between the two countries after years of estrangement.
AMSTERDAM, Jan 26 (Reuters) - The Dutch Labour party, the junior partner in the coalition government, wants gas exports from the Netherlands to be cut more rapidly than currently planned, a party official told parliament on Tuesday.
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