Americas

Americas

CenterPoint sells natural gas retail business

25/02/2020

CenterPoint Energy, the regulated utility that delivers electricity to the Houston area, said Monday that it will sell its natural-gas retail business for $400 million to Energy Capital Partners of New Jersey, a private equity investor.

Americas

At London’s oil week, clues about demand will be all around

24/02/2020

Oil traders are gathering in London for what’s normally a week of lavish parties, dealmaking and market chatter. China’s coronavirus means this year’s events will be more subdued – and fewer in number – than usual. The talk will be about absent friends and uncertain demand.

Americas

US oil boom feels more like bust in the shale patch

13/02/2020

Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of his bleak utterings: “End of the road, nothing to do and no hope of things getting better.”

Americas

Earnings down 22% in 2019 for Texas-based Valero Energy

31/01/2020

Valero Energy Corp. said Thursday it finished 2019 with earnings of $2.4 billion, down more than 22 percent from the prior year, which the company attributed to higher prices it paid for sour crude and high gasoline inventories.