Prominent Lawmaker Calls on Geithner to Block Cnooc, Nexen Deal
A prominent lawmaker is calling on the Obama administration to issue a conditional block on the proposed merger between China's state-run oil company Cnooc Ltd. and Canadian oil company Nexen Inc., saying Monday that Nexen has drilled for oil in the U.S. without paying royalties.
MOL's Hernadi: Losing $60 Million a Month on Syrian Production Halt
Croatian refiner INA d.d. (INA.ZG), a subsidiary of Hungarian oil and gas company MOL Nyrt.'s (MOL.BU), is losing $60 million a month by having halted production there, MOL's chief executive and chairman said Monday. "We've invested $1 billion in Croatia so far, which is a lot. We're ready to
Brazil's Petrobras to Invest $5.6 Billion to Increase Campos Basin Efficiency
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR3.BR, PETR4.BR), or Petrobras, will invest $5.6 billion through 2016 to boost productivity at aging offshore oil fields, officials said Monday.
U.S. Plans Antidumping Duties on S. Korea, Mexico Washing Machines
The U.S. Commerce Department on Monday once again responded favorably to Whirlpool Corp.'s (WHR) request for relief from imports of washing machines, setting initial antidumping duties against large residential washers from South Korea and Mexico.
Countries Most Worried About the Future
Despite the myriad issues facing the world, people are surprisingly optimistic. However, these 11 locals, mostly in Europe, seem to be centers of pessimism.
U.S. in One of its Largest-Ever Pipeline Build-Outs
Here is a list of projects aimed at providing new, expanded and reversed liquids flows to markets from U.S. plays and Canada.
Bumi Warns Of Loss Due To Lower Coal Output, Loan Charges
U.K.-listed Indonesian coal producer Bumi PLC (BUMI.LN) warned Monday that it would report an after-tax loss of $4 million to $8 million for the first half of the year after severe rainfall dented production and it suffered charges related to its loan from China Investment Corp., or CIC.
MOL Chairman-CEO: Constantly Seeking New Acquisitions
Hungarian refiner MOL Nyrt. (MOL.BU, MGYOY), the country's largest company in revenue terms, is constantly seeking new acquisitions, the firm's chief executive and chairman said Monday. "There's a team that is constantly seeking new acquisitions, there are many possibilities in the pipeline," Zsolt
CIT 2nd Quarter Loss Widens But Results Beat Estimates
CIT Group Inc. (CIT), the business lender led by Wall Street veteran John Thain, reported a wider loss in the second quarter as expenses tied to debt refinancing continued to weigh on results and interest income declined.