Finance - News
Shares of Canadian pipeline operator Enbridge Inc. dropped more than 4% on April 24 after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.
BP Chief Executive Bob Dudley on April 24 urged Cambridge University not to yield to pressure from hundreds of students and academics to cut its investments in fossil fuels and pointed to BP's donations to the university.
Liquefied natural gas (LNG) company Cheniere Energy Inc. said it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the first half of 2018.
The offering is expected to close on April 20, 2018.
Seadrill aims to expand relations with Schlumberger and other service firms following approval of its multibillion-dollar debt restructuring plan, CEO Anton Dibowitz told Reuters.
Drillcore is led by Evan Turner, who is formerly director and head of energy at StormHarbour Partners and a founding member of CohnReznick Capital’s oil and gas group.
Range CFO Roger S. Manny said the renewed and extended credit facility will support the development of the company's assets located in the Marcellus Shale and North Louisiana.
Royal Dutch Shell defended its ambition to cut carbon emissions on April 16, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change.
Oil prices steadied on April 13, heading for their largest weekly gain since July after U.S. President Donald Trump’s comments about possible military action in Syria and reports of dwindling global oil stocks.
A survey of energy companies and financiers found 21% of producers said they expect to tap cash flow from operations for capital needs this year.
Futures for Canada’s main stock index pointed to a higher opening on April 9 after oil prices rose and officials in U.S. President Donald Trump’s administration played down fears of a trade war with China.
Carl Icahn reportedly plans to nominate a slew of directors to the board of SandRidge Energy Inc.—a company the activist investor has railed against for the last several months.