Archives for March 2018
Climate change will squeeze insurance companies, Moody's says
The economic aftermath of climate change has heightened liability risks for insurance companies as weather catastrophes such as Hurricane Harvey become more frequent and severe, Moody’s Investors Service said in a new report. Source: FuelFix
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Money flows out of pipelines after unfavorable tax ruling
The largest exchange-traded fund tracking America’s energy pipelines incurred its third-largest outflow on record after regulators put a stop to a key tax credit for master limited partnerships. Source: FuelFix
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Trump official says U.S. opposition to Russian pipeline project continues
A top official with the U.S. State Department says the Trump administration continues to oppose the construction of Nordstream 2, a pipeline that would increase Russian supplies of natural gas into Europe. Source: FuelFix
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Souki's Tellurian warns U.S. steel tariffs could raise LNG project costs
Tellurian, the Houston liquefied natural gas company co-founded by ex-Cheniere Energy boss Charif Souki, said U.S. steel tariffs could raise costs of the $15.2 billion Driftwood LNG export terminal under construction in Louisiana. Source: FuelFix
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Shell selling New Zealand assets for $578 million
Royal Dutch Shell said it will pocket $578 through the sale of its New Zealand oil and gas assets to the Austrian oil company OMV. Source: FuelFix
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