Variable Frequency Drives Market Worth 24.8 Billion USD by 2021
February 3, 2017
Variable Frequency Drives Market Worth 24.8 Billion USD by 2021
U.S. transparency reversal stings Canadian, European oil firms
February 3, 2017
From Reuters: A reversal of U.S. transparency requirements for the natural resources industry could give American oil companies an edge over Canadian and European rivals who face some of the toughest rules in the world, according to company executives, legal experts and trade groups. The U.S. Senate passed a resolution early on Friday to overturn the “resource extraction rule,” an
Uniper hires Goldman to sell stake in Italy LNG terminal
February 3, 2017
From Reuters: Germany’s Uniper (UN01.DE) has hired Goldman Sachs (GS.N) to sell its stake in a liquefied natural gas (LNG) terminal in Italy, a deal that could value the whole business at 1 billion euros ($1.1 billion), three people familiar with the deal told Reuters. Books have been opened for due diligence on OLT Offshore LNG Toscana’s business and a
Japan considers buying more U.S. energy as Abe prepares to meet Trump
February 3, 2017
From Reuters: Japanese Prime Minister Shinzo Abe is considering increasing energy imports from the United States, two sources familiar with the plan told Reuters, as he prepares to meet President Donald Trump, who has complained about Japan’s trade surplus. Japan is putting together a package of plans for Japanese companies to invest in infrastructure and job-creation projects in the United
It’s ambitious to think that oil prices could reach $65: IEA
February 3, 2017
From CNBC: Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $65 a barrel in the near term, an analyst at the Paris-based International Energy Agency told CNBC. OPEC countries reached an agreement last November to cut production by 1.2 million barrels per day to support oil
India’s oil minister unveils strategy to integrate state firms
February 3, 2017
From S&P Global Platts: India is embarking on a plan to create a few integrated state oil firms by consolidating some of the existing ones, which is expected to help the firms absorb the shock of wild price fluctuations and strengthen them to compete in overseas markets, petroleum minister Dharmendra Pradhan said Wednesday. Hours after India’s finance minister Arun Jaitley
Weatherford cutting thousands more jobs, selling fracking business
February 3, 2017
From Houston Chronicle: Weatherford International said Thursday it plans to sell two of its major divisions and cut more jobs worldwide as the Houston oil field services company repositions itself as a smaller firm with a narrower focus. Once the fourth of the so-called big-four services companies, Weatherford has lost ground to its main rivals after an oil bust that
American steel companies ‘fully prepared’ to supply pipelines, US Steel CEO says
February 3, 2017
From CNBC: United States Steel and other American manufacturers are “absolutely” prepared to produce steel for the pipelines President Donald Trump wants built, the company’s CEO told CNBC on Wednesday. Earlier in the week, Trump reiterated his insistence that pipeline makers use U.S. materials when building projects in the United States. In a meeting with small-business leaders, Trump clarified that
Community Leaders flipping flapjacks at the Enbridge Annual Winterlude Pancake Breakfast
February 3, 2017
Community Leaders flipping flapjacks at the Enbridge Annual Winterlude Pancake Breakfast
Algonquin Power & Utilities Corp. Issues 98,022,082 Common Shares Upon Conversion of Outstanding Convertible Debentures
February 3, 2017
Algonquin Power & Utilities Corp. Issues 98,022,082 Common Shares Upon Conversion of Outstanding Convertible Debentures
India LPG Market to Surpass 35 MMT by FY2026: Says TechSci Research Report
February 3, 2017
India LPG Market to Surpass 35 MMT by FY2026: Says TechSci Research Report
