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United Kingdom

Arathy S Nair

Canadian indigenous group to invest up to C$1 billion in Keystone oil pipeline

17 Nov 2020

Pipeline operator TC Energy said on Tuesday that Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its Keystone XL oil pipeline, despite U.S. President-elect Joe Biden's promise to stop the project.

UPDATE 4-Canadian indigenous group to invest up to C$1 bln in Keystone oil pipeline

17 Nov 2020

Nov 17 Pipeline operator TC Energy said on Tuesday that Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its Keystone XL oil pipeline, despite U.S. President-elect Joe Biden's promise to stop the project.

WRAPUP 4-Chevron, Exxon shrink spending as coronavirus cuts demand

30 Oct 2020

* Oil companies adjust to weak fuel demand (Adds closing share prices)

WRAPUP 2-Chevron, Exxon shrink spending as coronavirus cuts demand

30 Oct 2020

Oct 30 U.S. oil majors Chevron Corp and Exxon Mobil Inc cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.

WRAPUP 1-Chevron, Exxon shrink spending as coronavirus cuts demand

30 Oct 2020

Oct 30 U.S. oil giants Chevron Corp and Exxon Mobil Inc cut spending aggressively in the third quarter in a race to beat weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.

Baker Hughes posts third straight quarterly loss as demand still hurt

21 Oct 2020

Oilfield services provider Baker Hughes Co reported a third straight quarterly loss on Wednesday and warned that activity may be lower next year, as a coronavirus-induced slump in commodity prices continued to hurt demand for equipment and services.

U.S. oil producers on pace for most bankruptcies since last oil downturn

01 Oct 2020

NEW YORK Oasis Petroleum Inc and Lonestar Resources US Inc's bankruptcy filings are the latest in a slew of restructurings that put oil-and-gas producers on track for their biggest year of bankruptcies since the 2016 shale downturn.

U.S. pipeline companies hit by weak demand offer enticements to keep shippers

30 Sep 2020

NEW YORK U.S. pipeline companies are sweetening terms in a competition to keep producers using their lines as the industry downturn caused by the coronavirus pandemic means there is less oil to transport.

RPT-EXCLUSIVE-EQT bids for Chevron U.S. shale-gas assets in Appalachia - sources

17 Sep 2020

Sept 16 EQT Corp, the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp's Appalachia gas properties and a pipeline stake, people familiar with the matter said.

Exclusive: EQT bids for Chevron U.S. shale-gas assets in Appalachia - sources

17 Sep 2020

EQT Corp , the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp's Appalachia gas properties and a pipeline stake, people familiar with the matter said.

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