Energy Update
Jan 31 (Reuters) - Valero Energy Corp, the largest
independent U.S. refiner, reported a higher quarterly profit as
lower corn and stronger ethanol prices boosted the company's
ethanol unit results.
Jan 31 (Reuters) - Coal and natural gas producer Consol
Energy Inc reported a quarterly loss and said it was
looking to sell its coal business or spin it off to
shareholders.
LONDON, Jan 31 (Reuters) - Chrysaor, which has just bought
much of Shell's UK North Sea assets for up to $3.8
billion, said it was in the market for more North Sea deals to
expand its newly acquired position as one of the basin's biggest
independent producers.
Tesla Motors Inc. is making a huge bet that millions of small batteries can be strung together to help kick fossil fuels off the grid. The idea is a powerful one—one that’s been used to help justify the company’s $5 billion factory near Reno, Nev.—but batteries have so far only appeared in a handful of true, grid-scale pilot projects.
BRASILIA, Jan 31 (Reuters) - Brazil's state-run oil company
Petroleo Brasileiro SA said on Tuesday a judge had
ordered the suspension of the sale of petrochemical companies
Suape and Citepe.
OSLO, Jan 31 (Reuters) - Oslo-listed rig firm Seadrill
is looking to raise at least $1 billion in new capital
as talks to restructure its debt and liabilities worth $14
billion are taking longer than expected, wiping more than a
fifth off its market value.
LONDON, Jan 31 (Reuters) - OPEC's oil output is set to fall
by more than 1 million barrels per day (bpd) this month, a
Reuters survey found on Tuesday, pointing to a strong start by
the exporter group in implementing its first supply cut deal in
eight years.
OSLO, Jan 31 (Reuters) - Oslo-listed rig firm Seadrill
is looking to raise at least $1 billion in new capital
as talks to restructure its debt and liabilities worth $14
billion are taking longer than expected, wiping more than a
fifth off its market value.
DUBLIN, Jan 31 (Reuters) - The European Commission needs to
hold further talks with Gazprom before seeking
feedback on concessions submitted by the Russian state gas
exporter aimed at resolving a competition dispute, the EU's
antitrust regulator said on Tuesday.
MOSCOW, Jan 31 (Reuters) - Freight One, Russia's largest
freight rail operator and part of Vladimir Lisin's UCL Holding,
has submitted an official bid for a stake in Transcontainer
, Freight One board member Alexander Sapronov was
quoted as saying by Interfax on Tuesday.
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