The downing of MH17 and tougher sanctions against Russia are pushing multinational energy companies to take a fresh look at the results of the crisis.» Read More
*Sees Q3 adjusted earnings $0.15- $0.35/ shr vs est $0.28. July 31- SunPower Corp, the second-largest solar panel maker in the United States, reported a 30 percent fall in quarterly profit as it installed fewer solar plants, sending its shares down 4 percent in extended trading.
SunPower Corp, the second-largest solar panel maker in the United States, reported a 30 percent fall in quarterly profit as it sold fewer solar plants. Net income fell to $43.9 million, or 28 cents per share, in the second quarter ended June 29, from $62.8 million, or 48 cents per share, a year earlier.
*Europe has 2 million bpd excess oil refining capacity. LONDON, July 23- Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices.
July 2- Energy utility UGI Corp said it reached an agreement in principle to buy French oil major Total SA's LPG distribution business in France for about 400- 450 million euros. UGI distributed about 600 million retail gallons of LPG throughout Europe in fiscal 2013, including more than 250 million retail gallons of LPG by its unit Antargaz in France.
July 2- Energy utility UGI Corp said on Wednesday it would buy French oil major Total SA's LPG distribution business in France for about 400- 450 million euros. Total's French LPG business distributed over 265 million retail gallons in 2013, serving residential, commercial, industrial and autogas customers. Other terms of the deal were not disclosed.
BRASILIA, June 24- Brazil plans to sign over additional production rights to four fields that hold an estimated 10 billion to 14 billion barrels of oil directly to Petrobras, the National Energy Policy Council said on Tuesday, extending the state-run company's existing rights in the fields off the southeast coast.
European shares closed flat on Wednesday, as investors awaited the Federal Reserve's policy decision.
SOFIA, June 18- Bulgaria must push ahead with the Russian-backed South Stream gas pipeline project only if it complies with all European Union laws, opposition leader Boiko Borisov, the front-runner to be the next prime minister, told Reuters on Wednesday. The proposed pipeline to bring Russian gas under the Black Sea to Europe will make landfall in Bulgaria.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said. Spending by major oil companies is expected to remain flat this year, Barclays said in a report on Wednesday.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said.
Jonathan Waghorn of Guinness Global Energy Fund sees a clear path to $150-a-barrel levels for crude oil.
European shares closed slightly down flat on Friday amid concerns of escalating tensions in Iraq and rising oil prices.
The "Fast Money" traders share their final trades of the day.
*Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose modestly on Tuesday supported by instability in Libya, pulling U.S. oil for July delivery higher in spite of expectations for an increase in domestic stockpiles.
*Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose on Tuesday supported by instability in Libya, while U.S. oil for June delivery slipped lower as expectations for an increase in domestic stockpiles added buying pressure on the contract's last day of trading.
SYDNEY, May 5- Australian gas firm WestSide Corp Ltd on Monday rejected as undervalued a takeover offer from China's diversified energy company Landbridge Group Co Ltd that valued the company at A $177.6 million.
Wall Street has its eye on the Federal Reserve's meeting, but a slew of data is likely to have more influence on stocks Wednesday.
April 21- Here are some key dates in Enbridge Inc's bid to build a 525,000- barrel-per-day pipeline from the Alberta oil sands hub of Edmonton to Kitimat, British Columbia, on Canada's Pacific Coast. March 6, 2002- Enbridge says it is sketching out plans for a pipeline from northeastern Alberta to Canada's West Coast.
European shares closed lower on Tuesday, as Ukraine worries and fears about slowing demand in China weighed on stocks.
Australia has several characteristics conducive for commercializing its shale-rich regions.