Chevron announced it is relinquishing concessions in Romania, the last of its shale gas projects in Europe.» Read More
CALGARY, Alberta, Feb 24- Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from the sands. The oil sands of northern Alberta hold the world's third-largest proven crude...
CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $23 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...
*SunPower Q4 adj profit of $0.26/ shares vs est. of $0.24. *SunPower, First Solar shares up on JV news. Feb 24- Shares of solar companies got a boost on Tuesday, a day after SunPower Corp and First Solar Inc said they were in talks to jointly spin off some assets, a move expected to generate stable cash flows for the long-standing rivals.
CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $21 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...
Feb 23- First Solar Inc and SunPower Corp said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets. First Solar's shares rose 10.4 percent, while SunPower's stock was up 11.8 percent in after-market trading on Monday. First Solar and SunPower said they intend to file with the U.S. Securities and Exchange...
Total CEO Patrick Pouyanne, says the U.S. will not get energy independence and will need to keep importing oil.
Even if Thursday doesn't start a rally, "Fast Money" traders see opportunities in the current oil environment.
Crude oil futures climbed on Thursday, arresting a two-session losing streak, as industry spending cuts and a weaker dollar spurred buying.
European equities ended higher on Thursday as investors cheering a peace deal agreed between Ukraine and Russia.
French oil major Total took a $6.5 billion writedown in the fourth quarter, mainly on its North American oil sands and shale assets.
European equities closed mixed on Monday, after a volatile day of trading.
South African energy company Sasol delayed its $14 billion expansion in Louisiana amid falling oil prices, the New York Times reports.
Canada's oil sector will cut its 2015 investment by one third amid plummeting oil prices, The Financial Times reports.
The lift in prices come after OPEC's Secretary General and the International Energy Agency's chief economist both said they expected prices- hovering at April 2009 lows- to rebound later this year. Total SA joined a raft of international oil companies, including BP Plc and ConocoPhillips, in slashing budgets in light of the recent plunge in prices.
US crude closed oil nearly 3 percent, rebounding from falls in the previous session as more energy firms cut investments and the dollar weakened.
OPEC's secretary-general and the International Energy Agency's chief economist both said they expected prices, currently near their lowest since 2009, to rebound later this year. The cut is "headline-grabbing," analyst Matt Smith of Schneider Electric said, but it will be months before an actual reduction will manifest. Turmoil in Yemen further added to the...
OPEC's secretary general says oil prices will remain around their current levels for around a month before rebounding.
European markets closed higher on reports that the ECB is set to buy around 50 billion euros per month of government bonds for around a year.
European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank.
European equities closed sharply higher on Tuesday, with a surge in retail stocks helping to boost investor sentiment.