One of the largest U.S. energy holding companies, Duke Energy, plans to invest US$36 billion to expand its renewables and natural gas power generation and to modernize the electric grid as part of efforts to cut emissions. In its new Climate Report, North Carolina-based Duke Energy outlined steps to cut emissions, mitigate risks from climate change, and plan for a low-carbon future. As part of these efforts, Duke Energy—which serves 7.5 million customers in six states in the Southeast and Midwest—plans to invest US$25 billion between…
If U.S. oil production continues to boom at the current pace, OPEC and Russia should extend their production cut pact into 2020, Leonid Fedun, the vice president of Russia’s second-largest oil producer Lukoil, said on Friday. “It will all depend on the American production,” Reuters’ Russian-language service quoted Fedun as saying on the sidelines of Lukoil’s investor day in London today. It is not clear yet how fast U.S. production will grow, the manager said. If the pace of growth continues, OPEC and Russia will need…
Vietnam has suspended a second oil drilling project in the South China Sea in less than a year, after pressure from China which claims a large swath of the sea, Reuters reported on Friday, quoting three sources with direct knowledge of the matter. Vietnam’s government ministries have suspended the project until the country’s decision-making body, the politburo, makes the final decision whether the project should be suspended or terminated indefinitely, according to one of Reuters’ sources. The dispute in the South…
The manufacturing of Model 3 sedans has slowed significantly in recent weeks, according to a report by Clean Technica. CEO Elon Musk had promised to produce 2,500 Model 3 vehicles a week by the end of March, which is just eight days from today. Fans of the brand argue that the Fremont, California, manufacturing facility should be able to pump out an adequate number of vehicles, but estimated figures do not reflect the ideal case. Bloomberg’s best guess is that Tesla is building 810 vehicles a week, with 10,524 Model 3s built in total. Tesla…
Canada’s Cenovus Energy announced a planned slowdown in production due to shipping difficulties out of critical production areas, according to a new report by Bloomberg. Cenovus’ Christina Lake and Foster Creek facilities have already been producing at lower volumes since February, a statement on Thursday read. Cenovus share prices fell by 6.1 percent at the Toronto Stock Exchange, along with other Canadian fossil fuel companies like Suncor Energy and Canadian Natural Resources Ltd. “We’re taking steps to respond to a critical…
Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Zacks Analyst Blog Highlights: Royal Dutch, Mastercard, Itau Unibanco, Suncor and Incyte
Top Analyst Reports for Royal Dutch Shell, Mastercard & Itau Unibanco
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
ExxonMobil (XOM) has plans to invest more than $50 billion in the United States over the next five years.
Taking a cue from those who are extremely successful in their field can provide investors with a distinct advantage. Find out why Apple, Netflix, and Suncor Energy are on these investors' radars.
Chevron (CVX) restarted operations at the Sarta 3 block in Kurdistan this week.
Eni's (E) fourth-quarter 2017 production at 1,892 MBoe/d was the highest in the last seven years.
Enbridge's (ENB) divestments are expected to increase its free cash flow and support dividend hike program.
Shares of Cenovus Energy (CVE) rose over 5% yesterday.
ExxonMobil (XOM) believes that the economic development of the gas field involves various challenges, which may hurt profitability.
Improving cash flow from operations amid rebounding oil prices allowed energy majors TOTAL (TOT), Anadarko Petroleum (APC) and Suncor Energy (SU) to increase their dividends.
Suncor (SU) is spending a total of $784.5 million for the acquisitions.
GOP’s Silence on Deficits Under Trump Marks Turnabout (BBG) Investors start looking abroad (Reuters) Cold War Rivals Risk Direct Conflict in Syria (BBG) Ex-Prosecutors Take Frustrations With Trump to the Campaign Trail (WSJ) Amazon’s Latest Ambition: To Be a Major Hospital Supplier (WSJ) In Shift, U.S. Signals Readiness to Talk With North Korea (WSJ) Volatile Markets Make Tomorrow's CPI Report a Reason to Worry (BBG) Shale Output Hasn’t Grown This Fast Since Oil Was at $100 (WSJ) Exxon Sues Its Antagonists in a Fierce Climate-Change Lawsuit (BBG) PepsiCo beats sales estimates on snacks boost (Reuters) OPEC Revises Crude Supply Forecasts on Higher U.S. Production (WSJ) U.S. to push for 'reciprocal tax' on trade partners (Reuters) U.S. Tax Provision May Sting Foreign Firms (WSJ) Israel Says U.S. Not in Syria ‘Game’ (BBG) The Biggest Political Spender at Trump Properties Is Trump (BBG) Iraq says $4 billion needed for new downstream oil investments (Reuters) Harley CEO asks investors for patience as sales, stock slide (Reuters) Don't take the president literally, aide says, after women deride 'macho-fascist' Duterte (Reuters) Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal (Reuters) Overnight Media Digest WSJ - Walgreens Boots Alliance Inc has made a takeover approach to drug distributor AmerisourceBergen Corp in a move that could help boost profitability at the drugstore giant and insulate it against external threats. on.wsj.com/2Ch5Gg9 - A special committee of the Wynn Resorts Ltd board said it hired Gibson, Dunn & Crutcher LLP to investigate allegations against Steve Wynn and to conduct an "expanded and comprehensive review" of the company's internal policies to ensure "a safe and respectful workplace for all employees." on.wsj.com/2ssCsva - Snap Inc said its head of sales, Jeff Lucas, is leaving the social-media company less than two years after joining from Viacom Inc. on.wsj.com/2GaLzTs - General Motors Co is sending a tough message to thousands of South Korean workers during the Winter Olympics in Pyeongchang, saying it will close a Korean factory in May and pressure union officials for additional cost cuts to stem losses. on.wsj.com/2ECoBal - Twenty-First Century Fox Inc offered to bolster the editorial independence of Sky Plc's news operations to meet concerns of British regulators and ease approval of its $16 billion bid for the portion of the pay TV giant it doesn't already own. on.wsj.com/2spCowd - Trump administration officials have shifted their tactical approach to North Korea after internal deliberations in recent weeks, senior officials said, closing ranks with Seoul and signaling a readiness to hold preliminary talks with Pyongyang. on.wsj.com/2ssrm9y - General Dynamics Corp said it had agreed to buy CSRA Inc for $6.8 billion as part of the defense contractor's push into government information-technology services. on.wsj.com/2G8V2dG FT U.S. defence contractor General Dynamics Corp, has agreed to buy IT and cyber security group CSRA Inc for $9.6 billion, including debt, as dealmaking in the sector heats up following a series of major hacks in recent years. Barclays Plc has been charged a second time by UK authorities over its 2008 emergency fundraising, raising the stakes for the British bank in its legal battle over the cash injections it arranged from Qatari investors to survive the financial crisis. Rupert Murdoch’s Twenty-First Century Fox Inc has offered a series of steps to guarantee the editorial independence of Sky News to assuage concerns raised by the UK’s competition watchdog over the company’s bid to take full control of the pan-European broadcaster Sky. NYT - U.S. President Donald Trump sent Congress a $4.4 trillion budget proposal on Monday outlining steep cuts to domestic programs, large increases in military spending and a ballooning federal deficit that illustrates how far Republicans have strayed from their longtime embrace of balanced budgets. nyti.ms/2ChHr1f - The Trump administration on Monday moved to repeal a rule restricting the release of planet-warming methane into the atmosphere. The rule, which applied to companies drilling for energy on federal land, has been the subject of intense court battles and delay efforts, as well as one surprise vote last year in which Senate Republicans temporarily saved it from being torpedoed. nyti.ms/2EnYdxE - A female executive at the investment firm run by Steven Cohen said in a lawsuit that the company was a testosterone-fueled "boys' club" in which men commented on women's bodies, belittled their abilities and paid them less than their male peers. nyti.ms/2CfATQY Canada THE GLOBE AND MAIL ** The Trudeau cabinet has issued a special order to prolong Ottawa's scrutiny of a $1.5 billion takeover of Canadian infrastructure giant Aecon Group Inc by a Chinese state-owned firm, invoking a section of law used when the federal government believes an investment "could be injurious to national security." tgam.ca/2BWPXHC ** InstarAGF Asset Management Inc is preparing to make a C$50 million ($39.8 million) investment in community energy infrastructure through a partnership with British Columbia-based utility company Creative Energy. tgam.ca/2BYca7S NATIONAL POST ** Bank of Nova Scotia announced a deal on Monday to buy independent investment firm Jarislowsky Fraser for about C$950 million ($755 million). bit.ly/2BWrlP2 ** Suncor Energy Inc doubled down on its Syncrude oilsands stake with another C$920 million ($731 million) for Mocal Energy Ltd's five percent interest in the project. The company also announced a small but significant deal to buy a stake in a North Sea project. bit.ly/2BYdoQw ** The federal government's advertising agency spent more than half of its budget online last year, marking the first time the internet has surpassed television as Ottawa's advertising medium of choice. bit.ly/2BU7VKA Britain The Times * Lloyds Banking Group aims to raise the proportion of black, Asian and ethnic minority staff to 8 percent of its senior managers by 2020. bit.ly/2CfxyRS * The Bank of England and the Financial Conduct Authority each issued papers aimed at forcing firms into improving procedures to guard against computer-driven crashes and market abuse. bit.ly/2Ch4MjL The Guardian * A confidential report into Royal Bank of Scotland is set to be published by MPs after it was widely leaked, revealing details of the bank's treatment of nearly 6,000 struggling small businesses in the aftermath of the 2008 banking crash. bit.ly/2CfBvpO * Transport for London (TfL) has insisted it is not facing a financial crisis despite planning for a near 1 billion pounds ($1.38 billion) deficit next year after a surprise fall in passenger numbers. bit.ly/2CfJx21 The Telegraph * Barclays has been slapped with a further charge of fraud by UK regulators over its 11.8 billion pounds emergency cash call in the teeth of the financial crisis, putting its banking licences in several countries on the line. bit.ly/2CfSjwK * Twenty-First Century Fox has offered to guarantee the editorial independence of Sky News as it looks to convince regulators it is a fit owner of the Sky Plc. bit.ly/2CfV2X0 Sky News * Victrex will be named on a new public register days after Andrew Dougal quit over his links to Carillion , according to Sky News. bit.ly/2Cjelio * The world's second largest advertiser, Unilever, is set to make a stand over online safety and pledge not to invest in any platforms which "create divisions in society". bit.ly/2CeZAgo The Independent * Britain's "broken" energy market must be fixed by introducing an energy price cap before next winter to stop loyal customers being ripped off by suppliers, MPs said on Tuesday. ind.pn/2CfLM5r * More than a quarter of university students are currently running or plan to run a business while studying, new research shows. The study, conducted by a division of Santander dedicated to funding small businesses and students, found that the young entrepreneurs have an average turnover of 11,408 pounds per annum. ind.pn/2CgKGGi