Energy Update
May 1 (Reuters) - U.S.
WASHINGTON, May 1 (Reuters) - The United States and Canada have a 400-page plan to control oil train dangers that walks a thin line: promote safety without stifling a business that has spurred domestic oil production.
BOSTON, May 1 (Reuters) - Venezuela's volatile currency undercut profits at a number of large U.S. companies during the first quarter, an ongoing problem that could force some of them to exit the South American country or write down all of their assets there.
CALGARY, May 1 (Reuters) - The center-right government of Alberta is trailing badly in polls ahead of Tuesday's election, setting the stage for a possible left-wing victory in the province, home to Canada's oil sands and the largest source of U.S.
WASHINGTON, May 1 (Reuters) - The U.S. military signaled on Friday it may allow warships to accompany other nations' vessels through the Strait of Hormuz, after Iran's seizure of a container ship this week prompted the Navy to start accompanying U.S.-flagged vessels.
TORONTO, May 1 (Reuters) - A deal that would have allowed Canada's Turquoise Hill Resources Ltd to unload its remaining stake in Mongolian coal miner SouthGobi Resources, a company that was once worth billions of dollars, has fallen through.
LONDON, May 1 (Reuters) - Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory.
May 1 (Reuters) - Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling oil prices.
WASHINGTON/NEW YORK, May 1 (Reuters) - Long-awaited new safety rules for trains carrying oil in the United States and Canada were announced on Friday as regulators seek to reduce risks after a series of explosive accidents accompanied a surge in crude-by-rail shipments in recent years.
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