EDP Swings to Loss
EDP posted a net loss of EUR83 million in the third quarter, weighed down by a provision and worsened operating performance.
Saudis Consider a World Without OPEC
Saudi Arabia's top government-funded think tank is studying the possible effects on oil markets of a breakup of OPEC, a remarkable research effort for a country that has dominated the oil cartel for nearly 60 years.
South Carolina Utility Can't Escape Customers' $4 Billion Nuclear Claim
Santee Cooper can be sued over electricity collections, according to court ruling
Oil Enters Bear Market With a 20% Drop From High
U.S. oil prices closed in bear-market territory Thursday, with prices declining for a ninth straight session on worries over rising U.S. crude oil inventories and concerns of a global supply surplus that could overwhelm demand.
Natural-Gas Prices Edge Lower on Rising Storage
Natural gas prices declined slightly after a report showed gas injections into storage rose more than expected last week.
Partnership to Buy Anadarko Petroleum's Midstream Assets
Anadarko Petroleum is selling what is largely left of its midstream assets to Western Gas Partners, a partnership it formed a decade ago, in a deal that it said is valued at about $4.02 billion.
Chevron Stayed in Venezuela Long After Rivals Quit. Then It Had Second Thoughts.
It's both a moral and commercial choice. Profits are drying up amid corruption and a social and economic crisis. Chevron has weighed leaving, given the taint of working with the Maduro government, but fears a withdrawal could make things worse for the country.
Toshiba to Get Out of U.K. Nuclear, U.S. Gas Businesses
Toshiba said it would liquidate its U.K. nuclear business and sell its U.S. natural-gas business, taking a combined loss of nearly $1 billion.
Charges Weigh on Siemens Earnings
Siemens said it will raise its dividend, even as severance charges relating to the restructuring of its power-and-gas business dragged down fourth-quarter earnings.
EDF Inks Deal to Build Hydropower Plant in Cameroon
Electricite de France said that it signed an agreement to build a hydropower plant in Cameroon at an expected cost of EUR1.2 billion.