Uniper SE recorded no losses in the first quarter related to replacing natural gas supplies that were cut off by Russia last year, and the company expects a “strong earnings recovery” after being bailed out by the German government in 2022. The steep decline in global gas prices since last year has eased the costs…
Articles from Losses
Canadian Finance Minister Bill Morneau on Wednesday announced an offer to cover any losses suffered by Kinder Morgan Canada due to political resistance against its Trans Mountain Pipeline expansion project across British Columbia.
Canadian natural gas producers will cut but not eliminate financial losses until late 2018 as stiff competition continues from U.S. unconventional supply sources, a private Ottawa-based business research agency predicted Monday.
Regulators in the state of Washington on Monday launched a process for revising the approach of the state’s natural gas utilities toward hedging their future gas supply purchases.
Nabors Industries Inc., which owns and operates the world’s largest land-based drilling rig fleet, said Wednesday the story that has been playing out for contract oilfield service operators remains the same, as activity in North America is forecast to continue to slide this year.
Oil and gas industry losses worldwide now exceed 233,000 and are expected to continue into 2016, according to energy sector job recruiter Swift Worldwide Resources.
In the midst of mostly stable U.S. natural gas prices and a steady boom in domestic supplies, utility gas hedging programs have come under increasing scrutiny, with regulators and consumer advocates questioning the overall costs of hedging in recent years.
Chesapeake Energy Corp., with a new CEO leading the way, is beginning a new era for the company as well, moving away from spending to secure big leaseholds in the onshore to living within its cash flow.
Building midstream infrastructure in the Marcellus Shale to keep up with growing natural gas volumes was a challenge in the first quarter, MarkWest Energy Partners LP CEO Frank Semple said Thursday.