Beaumont – Fuelfix

TransCanada falls to a loss after $2.1 billion charge on Keystone XL

TransCanada falls to a loss after $2.1 billion charge on Keystone XL

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TransCanada announced Thursday it had booked a US $2.1 billion charge related to its now-rejected Keystone XL pipeline.
Huntsman Corp. posts small profit despite shrinking revenues

Huntsman Corp. posts small profit despite shrinking revenues

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Despite keeping its earnings positive, the chemical products manufacturer saw its quarterly revenues decline by 23 percent.

Williams to pipe gas to Cheniere, Freeport LNG Texas projects

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The arrangements come as U.S. LNG export projects are increasingly under pressure amid the continuing rout in global commodity prices.
EOG CEO: Industry wary of false start on oil recovery

EOG CEO: Industry wary of false start on oil recovery

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The energy sector won’t repeat last year’s mistake of rapidly boosting production the next time the price of oil hits $60 a barrel, said the chairman and CEO of EOG Resources.

BP outlook: American shale gas revolution to go global by 2035

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In its annual Energy Outlook released Wednesday, BP projected shale gas production around the world will grow 5.6 percent a year, and by 2035, half the growth in shale energy will come from outside the United States.

Yellen: Oil bust aids U.S. economy

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Janet Yellen said the economy had become “less supportive of growth,” but left open the possibility that cheap oil combined with lower interest rates could provide a boost.
Inventory draw helps oil tick upward

Inventory draw helps oil tick upward

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The U.S. Energy Information Administration said that oil inventories fell by 800,000 barrels to 502 million barrels in commercial storage.

Italy’s Eni said to explore sale of gas and power retail assets

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If Eni goes ahead with the auction, the business could attract private equity firms and utility companies, sources said.