Thursday, January 23, 2025

Alaska’s $64.6 Million Purchase of TransCanada’s Interest in Alaska LNG is State’s “Number-One Get Well Card”

Alaska hopes to make $400 million more per year after buying TransCanada’s share of the project Last week Alaska Governor Bill Walker said that the decision to purchase TransCanada’s share of the project was the “number-one get-well card” for Alaska’s $3.5 billion budget deficit. “Today is a historic day,” said Walker. “By gaining an equal seat at the negotiating table,

Deposits in Saudi Banks Down $13.5 Billion in October

Saudi Arabia sees a squeeze in liquidity as oil prices remain low Demand for deposits dropped 4.7%, or about $13.5 billion, in Saudi Arabia over the course of October, forcing banks to borrow more from each other. The rate at which banks in Saudi Arabia lend overnight to each other jumped the most in seven years in November, the fifth

Canadian Oil Sands Can Stall Suncor’s Hostile Takeover Bid for a Month: ASC

From the Calgary Herald Canadian Oil Sands Ltd.’s poison pill designed to protect it from Suncor Energy Inc.’s $4.5 billion hostile takeover bid was partly upheld by Alberta’s securities regulator, with a week left before the offer expires. The company’s shareholders will have 90 days to consider bids, less than the 120 days sought by Canadian Oil Sands. Suncor sought