Archives for February 2020
‘Nail in the coffin’: Era of big oil sands mines may be over
(Bloomberg) — Canada’s oil sands industry may have already built its last big mine. The cancellation of Teck Resources Ltd.’s Frontier project in northern Alberta — which envisaged producing more crude than OPEC member Gabon...
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Exxon Drops to 15-Year Low Ahead of Annual Strategy Presentation
(Bloomberg) — Exxon Mobil Corp. fell to a 15-year low on Monday amid a broad selloff in equity and commodity markets and just over a week before Chief Executive Officer Darren Woods is scheduled to...
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Fight over Mexico's Zama oil field is holding up Premier Oil's effort sell its share
(Bloomberg) — The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil Plc pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process....
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High court appears to back Atlantic Coast pipeline permit
(Bloomberg) — A majority of U.S. Supreme Court justices seemed supportive of a crucial permit for Dominion Energy Inc.’s planned $8 billion Atlantic Coast Pipeline, suggesting the Forest Service acted lawfully by clearing the natural-gas...
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CenterPoint sells natural gas retail business
CenterPoint Energy, the regulated utility that delivers electricity to the Houston area, announced early Monday that it will sell its natural gas retail business for $400 million to Energy Capital Partners of New Jersey, a...
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