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Petrobras signs $3.5 billion accord with China Development Bank

Petrobras is slashing investments, selling assets and seeking alternative financing options as it grapples with ways to book corruption losses in its financial statements.  More »

Reckoning arrives for cash-strapped oil firms amid bank squeeze

April is a crucial month for the industry because it’s when lenders are due to recalculate the value of properties that energy companies staked as loan collateral.  More »

Construction company embroiled in Petrobras scandal files for bankruptcy

Brazil’s biggest builders have been struggling to make payments to creditors as they defend themselves from allegations that they bribed the oil company for contracts.  More »

Mayors from Vancouver and other Canadian cities are trying to halt a Kinder Morgan pipeline

The mayors of seven towns in British Columbia want the proposed Trans Mountain pipeline expansion put on hold.  More »

Oil is heading for its longest run of quarterly drops as the deadline for an Iran deal looms

Oil in New York is sliding toward the longest run of quarterly declines since 2003 amid speculation the global surplus that cut prices by almost 50 percent last year will persist.  More »

Petrobras investors claim PwC ignored red flags of fraud

Petrobras and its senior executives violated provisions of U.S. and Brazilian corporate law, according to a complaint in Manhattan federal court.  More »

Citigroup says renewables will continue upward trajectory, even as crude tumbles

Oil generates about 5 percent of global electricity and doesn’t generally compete directly with wind and solar power, Citigroup researchers said.  More »

Russia’s natural gas giant is cutting its dividend after seeing its profits tank

The massive drop in profits may translate into a payout of about 2 rubles a share, compared with 7.2 rubles a year earlier.  More »

Iran riches coveted by Big Oil after decades of conflict

As Iran and the U.S. enter 11th-hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is emerging again as a potential prize for Western oil companies  More »

Saudi Aramco signs $10 billion loan as oil companies raise funds

Saudi Aramco, the world’s biggest oil exporter, is the latest oil company in the region to take advantage of low borrowing costs to raise funds.  More »

Blackstone CEO sees ‘remarkable’ opportunities in slumping oil

Most of Blackstone’s energy investments aren’t in oil, meaning its exposure to lower oil prices is limited, CEO Stephen Schwarzman said.  More »

Dynegy gets federal OK to buy Duke, Energy Capital plants

In buying the units, which sell power in competitive wholesale markets, Dynegy will nearly double the company’s electricity generation capacity.  More »

ConocoPhillips hires Scotiabank to sell some Canadian assets

Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.  More »

Chevron seeks over $3.6 billion for Caltex Australia stake

The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.  More »

India said to mull lowering natural gas price 10 percent as energy costs plunge

The government continues to work on a plan to allow a premium for gas produced from deep-water fields, the official said.  More »
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