Shanti S Nair

Canada's Enbridge beats profit estimates, sees improving Mainline oil volumes

Jul 29 2020

Canadian pipeline operator Enbridge Inc on Wednesday posted a quarterly profit slightly higher than analysts' estimates and said it sees volumes growing across the Mainline, North America's biggest oil pipeline network.

Canada's Cornerstone looks to replace BHP-backed SolGold's board

Jul 15 2020

Canada's Cornerstone Capital Resources Inc said on Wednesday it would urge SolGold Plc shareholders to replace the company's entire board, a day after rejecting the UK-listed miner's takeover offer for a second time.

U.S. DoJ examining Wirecard as part of probe into alleged bank-fraud conspiracy: WSJ

Jul 08 2020

The U.S. Department of Justice is examining whether German payment company Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, the Wall Street Journal reported on Wednesday.

UPDATE 1-Michigan court rules to reopen part of Enbridge's Line 5 pipeline

Jul 01 2020

July 1 Canadian pipeline operator Enbridge Inc can restart operations at the west leg of its Line 5 pipeline while the damaged east leg remains shut, a Michigan circuit court judge ruled on Wednesday.

Michigan court orders Enbridge to temporarily shut down Line 5 pipeline

Jun 25 2020

Canadian pipeline operator Enbridge Inc has to halt Line 5 operations and disclose information related to the recent damage caused to a part of the oil pipeline, a Michigan circuit court judge ordered on Thursday.

Ovintiv lays off 25% of workforce after oil demand slumps

Jun 18 2020

Ovintiv Inc said on Thursday it laid off 25% of its total workforce this month as the oil and gas producer grapples with plunging fuel demand and lower prices due to the COVID-19 crisis.

Continental halted June oil sales while awaiting higher prices: CEO

May 11 2020

U.S. shale producers Continental Resources Inc and Callon Petroleum Co on Monday joined their peers in cutting production as the coronavirus crisis slashed oil prices and demand for fuel.

EOG Resources to shut existing wells, deepens 2020 budget cuts

May 07 2020

EOG Resources said on Thursday it was shutting existing wells and delaying the start up of about 150 net new ones until the second half of 2020, as it further cuts its spending to battle one of the worst oil price shocks in decades.

UPDATE 2-ADM Q1 profit beats estimates, as CEO cites 'many unknowns' of pandemic

Apr 29 2020

CHICAGO/BENGALURU, April 29 Global grains trader Archer Daniels Midland Co reported a drop in first-quarter revenues on Wednesday but topped Wall Street profit estimates, helped by growth in its nutritional businesses and as its agricultural services group got a boost from robust Brazilian farmer selling.

World News