Energy Update
TORONTO, Jan 17 (Reuters) - Suncor Energy Inc, which recently extended its hostile bid for Canadian Oil Sands Ltd , is now in talks with its target and a friendly deal could be clinched as early as Monday, according to a source familiar with the matter.
SYDNEY/WELLINGTON, Jan 18 (Reuters) - Australian and New Zealand shares started the week on a sour note, tracking Wall Street's tumble as deepening oil woes reinforced global growth concerns.
NEW YORK, Jan 17 (Reuters) - Suncor Energy Inc is working to raise its all-stock offer for rival Canadian Oil Sands Ltd and a deal could be announced as early as Monday, the Wall Street Journal said, citing a source familiar with the situation.
NEW YORK, Jan 17 (Reuters) - The collapse in oil prices has hit energy-related stocks hard, but pump and welding products maker Colfax Corp has cut costs, and earnings are holding up, making its shares look like a bargain, Barron's said in its latest edition.
NEW YORK, Jan 17 (Reuters) - A Jewish-American group that lobbied for the Iran nuclear agreement said on Sunday the prisoner swap and Tehran's release of captured U.S.
Russia's crude oil producer Rosneft has signed a binding agreement with BP to dissolve its existing refining joint venture (JV), Ruhr Oel in Germany.
Lockheed Martin has received a contract from ExxonMobil Research and Engineering (EMRE) to serve as the systems integrator for the development of the next-generation open and secure automation system for process industries.
TOKYO, Jan 18 (Reuters) - Brent and U.S. crude futures fell to the lowest since 2003 in Asian trading on Monday as the market braced for a jump in Iranian oil exports following the lifting of the sanctions at the weekend.
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