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Energy and Resources News

Transocean seeks to scrap dividend as cheap oil saps demand
Transocean Ltd., the world’s top offshore rig operator, plans to halt investor payouts and book 2 billion Swiss francs ($2.1 billion) in asset impairments as an oil price crash weakens demand for its drillships.
Posted on 8-26-2015 at 8:33 AM
Oil’s 'silly' situation – Markets treating oil companies like it's 1998
Crude oil is testing levels not seen since 2009, but the market is treating oil companies like it's 1998 – a time when oil was trading just above $10 a barrel, says Martin Roberge, Managing Director, North American Portfolio Strategy at Canaccord Genuity.
Posted on 8-25-2015 at 2:46 PM
Edgecrest Capital shuts down amid commodities slump
Edgecrest Capital is closing up shop after the prolonged downturn in the natural resource sector left the mining-focused investment bank unable to stay afloat.
Posted on 8-25-2015 at 12:32 PM
Encana to sell Louisiana natgas assets for $850M
Oil and gas producer Encana Corp said on Tuesday it will sell its Haynesville natural gas assets in northern Louisiana for $850 million US to GEP Haynesville LLC.
Posted on 8-25-2015 at 7:45 AM
$30 oil? ‘Forget it,’ says this money manager
Despite continued weakness in the global stock markets, energy prices are close to a bottom, says Peter Breiger, Chairman and Managing Director of Globe-Invest Capital Management.
Posted on 8-24-2015 at 4:22 PM
Iran says an OPEC emergency meeting may stop oil price slide
Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an emergency OPEC meeting may be "effective" in stabilizing the oil price, Iran's oil ministry news agency Shana reported
Posted on 8-24-2015 at 1:16 PM
Tracking oil's wild ride: 1986 to now
BNN tracks oil's longest losing streak in nearly 30 years after U.S. crude fell below $40 a barrel for the first time since 2009 on Friday.
Posted on 8-21-2015 at 2:05 PM
Global junk yields highest since 2012 as commodity prices slump
Borrowing costs for high-yield companies rose to the highest in almost three years as plunging commodity prices makes lending to energy companies more risky.
Posted on 8-21-2015 at 9:33 AM

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