First Solar (FSLR) to develop a 50-MW battery storage project in Arizona, promoting the usage of clean energy.
Fitch Ratings says Shell, Total, and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long term, according to a new report by Forbes. The European oil majors are lowering dividends and spending to minimize break-even points last year. “The companies all generated neutral-to-positive free cash flows in 2017 [after dividends, before mergers and acquisitions], according to their recently released annual results. Developments in their credit quality will largely depend on their ability…
Iraq is looking to attract US$100 billion worth of foreign investment that would help it rebuild its oil refining and petrochemicals sectors and reconstruct crucial infrastructure after it repelled Islamic State out of its territory following a three-year war against the militants. In December last year, Iraq declared the war with ISIS over and is now seeking foreign investments in major projects that would help it to revive its economy, which has also been hurt by low oil prices. Ahead of a conference on Iraq’s reconstruction that will be…
A new report by Reuters quotes internal documents that say that PDVSA has restarted imports to its Isla Curacao facility after a seven-month hiatus as Venezuela tries to staunch the bleeding of its dwindling fuel output. The Isla refinery, capable of receiving VLCCs, is a hub for oil destined for the booming Asian market, but is struggling with a lack of crude oil to refine as years of underinvestment has restricted its own crude oil production. PDVSA is due to receive two cargoes full of American crude from China and two other vessels full of…
Sunoco’s Mariner East 2 pipeline will restart construction after agreeing to a $12.6 million fine for a series of drilling fluid leaks in Pennsylvania, according to a new report by Fox. "Sunoco has demonstrated that it has taken steps to ensure the company will conduct the remaining pipeline activities in accordance with the law and permit conditions, and will be allowed to resume," Pennsylvania’s Environmental Protection Secretary Patrick McDonnell said in a statement. "DEP will be monitoring activities closely to ensure that Sunoco…
As daily output remained above 1 million barrels for the tenth month in a row in November, the state's total number of producing wells reached a new all-time high.
Proceeds from the divestitures by Sunoco (SUN) to 7-Eleven valued at $3.2 billion, are expected to be used toward transforming the company's business and meet leverage and coverage goals.
Energy Transfer Partners (ETP) expects the transaction to close by the first half of 2018.
Following this year's decline in midstream MLPs unit prices, the sector is currently trading at some of its cheapest valuations.
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Energy Transfer Partners (ETP) expects to finish the final phase of the Rover project by the end of first quarter 2018.
Plains All American (PAA) subsidiary's open season announcement is expected to gauge demand for new pipelines in Permian Basin.
Anadarko Petroleum (APC) to invest in strengthening its midstream services in West Texas and benefit from the rising production from this region.
Ferrellgas Partners' (FGP) first-quarter adjusted loss was much wider than the Zacks Consensus Estimate loss. However, revenues beat estimates by 4.2%.
Let's see if Sunoco LP (SUN) stock is a good choice for value-oriented investors right now from multiple angles.
Ferrellgas Partners' (FGP) first-quarter 2018 results are likely to benefit from the acquisitions that the company frequently makes.