Edition:
United Kingdom

Tim McLaughlin

Dakota pipeline investors could face major hit after adverse ruling

07 Jul 2020

BOSTON/DENVER Large investors in the Dakota Access Pipeline, including Phillips 66 , could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the shutdown of the major artery. | Video

UPDATE 1-Dakota pipeline investors could face major hit after adverse ruling

06 Jul 2020

BOSTON/DENVER, July 6 Large investors in the Dakota Access Pipeline, including Phillips 66, could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the shutdown of the major artery.

Dakota pipeline investors could face major hit after adverse ruling

06 Jul 2020

BOSTON/DENVER, July 6 Large investors in the Dakota Access Pipeline, including Phillips 66, could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the owners of the major artery to shut it down and empty it of oil.

Trade war tradeoff: How a Missouri town got America’s dirtiest air

02 Jun 2020

MARSTON, Missouri The residents of New Madrid County cheered in 2018 when a bankrupt aluminum smelter that rises over the Missouri region’s vast farm fields restarted operations and hiring, thanks to aluminum tariffs levied in President Donald Trump’s trade war.

Why U.S. energy CEOs will get big payouts despite oil meltdown

27 May 2020

BOSTON/NEW YORK National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.

Frozen fare cold comfort for fishing industry battered by coronavirus

11 May 2020

CAPE COD, Massachusetts/LONDON Frozen fish sticks and canned salmon have made a comeback as the coronavirus crisis keeps people home, forcing a change of tack for the fishing industry that usually turns to restaurants from Paris to New York and Shanghai to serve their fresh seafood.

Big crude oil fund had $726 million in unrealized losses before April

29 Apr 2020

BOSTON The United States Oil Fund was sitting on more than $700 million in unrealized losses at the end of March, several weeks before the market fully grasped the outsize role it would play in this month's unprecedented collapse in the price of front-month oil contracts.

UPDATE 3-Big crude oil fund had $726 mln in unrealized losses before April

29 Apr 2020

BOSTON, April 29 The United States Oil Fund was sitting on more than $700 million in unrealized losses at the end of March, several weeks before the market fully grasped the outsize role it would play in this month's unprecedented collapse in the price of front-month oil contracts.

Execs at hard-hit Chaparral Energy to receive $2 million in retention bonuses

29 Apr 2020

BOSTON Chapparal Energy Inc, a small oil and gas producer whose share price has plummeted 82% this year, plans to award $2.15 million in retention bonuses to five senior executives instead of granting long-term stock awards.

Execs at hard-hit Chaparral Energy to receive $2 million in retention bonuses

29 Apr 2020

BOSTON, April 29 Chapparal Energy Inc, a small oil and gas producer whose share price has plummeted 82% this year, plans to award $2.15 million in retention bonuses to five senior executives instead of granting long-term stock awards.

World News