Items Tagged with 'business'

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S&P Lowers Southwest Gas Ratings on Recent Purchase

Standard & Poor's Ratings Services (S&P) gave a thumbs-down Thursday to Las Vegas, NV-based Southwest Gas Corp.'s ratings based on the natural gas-only utility's purchase of some Canadian pipeline construction companies for more than $200 million. Read More

Encana's PrairieSky Beats Expectations in Market Debut

Canada's biggest public offering in 14 years, Encana Corp.'s PrairieSky Royalty Ltd., beat back all contenders on the Toronto Stock Exchange Thursday in its debut, closing more than 30% higher than at the open. Read More

BP Captures Natural Gas Price Upside on Cold Winter

Extreme winter weather during the first three months of this year helped BP plc grab the upside in domestic natural gas prices, which offset lower returns elsewhere in the group. Read More

BP Writing Off Utica on 'Disappointing Appraisal Results'

BP plc is taking a $521 million impairment on its Utica Shale acreage in Ohio and will not proceed with development in the play, top management said Tuesday. Read More

BP to Separate Lower 48 Onshore Business

To improve its innovation and react more swiftly, BP plc plans to separate its U.S. onshore Lower 48 business... Read More

GE Oil & Gas Bolting on Horsepower with Cameron Deal

GE Oil & Gas is buying Cameron's reciprocating compression business for $550 million in a deal intended to leverage the expansion of shale gas development worldwide. Read More

EIA Reports Will Be Released Despite Shutdown

It's business as usual at FERC while the money lasts, and the CFTC continues with just a skeleton staff. Read More

Mexico Likely LNG Exporter, Sempra Exec Says

However, the San Diego-based holding company's focus is on U.S. exports. Read More

JPMorgan's Energy Trading Arm Facing More Scrutiny

The Department of Justice is said to be investigating JPMorgan Chase & Co.'s energy trading following the conclusion of a probe of the company's power market trading by the Federal Energy Regulatory Commission, which resulted in a fine of $410 million. Read More