Caterpillar Raises Profit Outlook Despite Higher Material Costs
Caterpillar Inc. has posted second-quarter revenue and earnings that beat analysts’ estimates. The Company also raised its…
Positive IMF Global Growth Forecasts Propel Oil Prices Upwards
Oil prices rose last week, after several significant political and economic developments around the world, including Saudi…
Magellan to expand Western Leg of Texas Refined Petroleum Products Pipeline System
TULSA, Okla., -- Magellan Midstream Partners, L.P. has officially announced that an additional expansion of the western leg of…
Brattle Economists: Regional Power Market Mechanisms Are A Better Path To Meeting Clean-Energy…
BOSTON, -- A new discussion paper released by Brattle economists addresses how regional wholesale power markets can help meet…
Romania’s government pushes state energy companies to finance rising expenditures
The two largest companies held by the Romanian state will pay RON2bn (€430mn, 0.2% of the year's GDP) in dividends to the budget…
Petrofac introduces partner in Mexico
Petrofac Limited ("Petrofac" or "the Company") announces that it has today signed an agreement to sell 49% of the Company's…
German solar output surges ahead
An especially sunny summer season is helping solar power plants in Germany to achieve strong figures.
Berlin (dpa) - Amid a sunny…
Jay Ireland to Retire From GE; Farid Fezoua to Become Africa CEO
He led GE Asset Management (GEAM), a global investment firm with about US$120 billion in assets under management at the time…
Vladimir Putin marks Russia’s Navy Day, reveals plans for 26 new vessels
Russian President Vladimir Putin has confirmed a major boost to the navy's fleet, some armed with Kalibr cruise missiles. In a…
BP strengthens its US onshore business, buys world-class unconventional assets from BHP
Acquisition accretive to earnings and cash flow, delivered within existing financial frame.
Company increases dividend for first…