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Energy

Aerial view of on-shore oil rig in fields of Oklahoma

Chesapeake Energy posts Q4 loss on heavy write-down

Oklahoma-based Chesapeake Energy has posted losses over $14 billion for 2015 and a net loss of $2.23 billion or $3.36 a share for the fourth quarter. The major reason for deep loss was writing down value of oil and gas fields in the wake of prolonged lower oil prices. However, the loss was better than the market forecast.

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Louisiana Battles Continued Spread Of Oil In Its Waters And Coastline

Swiss Drilling Company Transocean Posts Profit Despite Poor Oil Price

Transocean's fourth quarter earnings exceeded the analysts' earnings estimate amid the ongoing fall in the oil market. The company managed to post a quarterly profit of $617 million by reducing its operating costs.

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Conergy Expands Solar Panels Production

Spruce Finance secures $130 million loan deal with Investec Plc for 80 MW of residential solar ventures

Spruce Finance is securing a multimillion deal in financing by hiring Investec Plc in effort of supporting the development of around 80 megawatts of US rooftop solar assets.

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Bloomberg Africa Business And Economic Summit

Africa's largest trading block to get more funds

Africa's largest trading block is attracting attention of global investors and businessmen. The recent 'Africa 2016' investment forum held in Egypt had participation of over 1,500 businessmen and government representatives. Foreign investors have called for more reforms and policy changes among African nations.

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Canada, Alberta, Near Drumheller, Oil Well...

Williams Cos. puts Canadian operations on the block for $1 billion

Williams Cos has decided to offload its Canadian operations for $1 billion. It is hoping to put it on the block in next week. In fact, it has already appointed two investment banks to oversee the sale process.

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Asian Markets Continue To Fall on Fears Of China Slowdown

Asian Shares Reversed Its Gain After Oil Prices Retreat, Other Markets Also Under Pressure

Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning of the year, after seeing the rise in oil prices before reversing back.

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A Visit To The Last Old Steel Mill In Chongqing

Chinese industrial overcapacity posing a major threat to global economy

Industrial overcapacity in China may have adverse impact on the domestic market and global economy. A number of new units came up owing to easily available loans and government subsidies in the world's second largest economy. A latest report calls for more radical measures including greater privatization to streamline the Chinese domestic industry.

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One Year Anniversary Of BP Oil Spill Approaches

Mexico to boost fuel purchase to attract investments

Mexico is currently aiming to increase its fuel imports in order to attract investment as well as to bring down the fuel prices for buyers. This energy reform activity will boost the competition among private oil firms in Mexico.

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Unused Oil Rigs Docked In Cromarty Of Firth As Oil Slump Continues

Investment in oil, gas projects shrinking

Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.

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Yuru-Kyara Summit 2013

Power and Utilities Company in Japan battles with Gorillas, Bears and Dogs to control Market

Japan's retail electricity market is about to be liberalized, which has the top power companies as well new entrants vying for a share. The companies have come up with their mascots to lure the customers, from a suited gorilla to a cuddly bear, in a land where such characters are loved by children and adults alike.

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President Of Venezuela Nicolas Maduro Meets With United Nations Secretary General Ban Ki Moon

Rosneft to invest $500 million to increase stake in Venezuelan state-owned company

Russia's leading oil producer, Rosneft has proposed investing another $500 million in Venezuela's state-owned Petroleos de Venezuela SA, to increase their stake from the original 16.7%. The proposition has come at a time when the country has declared an economic emergency after oil prices dropped to an alarming $24 a barrel.

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S&P Penalty May Reach $5 Billion From U.S. Lawsuit Over Ratings

S&P downgrades Saudi Arabia to 'A Minus / A-2'

Standard & Poor's (S&P) has cut rating on Kingdom of Saudi Arabia (KSA) as it's suffering from lower oil prices. The long -term foreign and local currency sovereign credit has been lowered to 'A minus/ A-2' from 'A plus / A-1.'

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UAE-ENERGY-SUMMIT

Sultan Al Jaber to lead Adnoc

UAE Minister of State Sultan Al Jaber has assumed the charge as Director General at Abu Dhabi National Oil Company (Adnoc). Al Jaber has to overcome turbulent conditions in the oil industry as the lower oil prices, oversupply and consumption are the major challenges ahead of him.

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FRANCE-TRANSPORT-HYDROGEN-AIR-LIQUIDE-HYUNDAI

Joi Scientific Claims For Producing Hydrogen From Water, Raises $5.5 Million Series A Round Fund

Joi Scientific has claimed for discovering technology to produce hydrogen from water on Tuesday. At the same time, the research firm discloses for raising $5.5 million fund for its Series A round. If Joi’s claims come true, the research firm will be able to redraw the global energy map.

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Appaloosa Management LP President David Alan Tepper Interview

Appaloosa Management Founder Tepper, Acquired Millions of Shares from Energy Transfer Partners and Kinder Morgan

David Tepper, the pioneer in distressed debt, buys millions of shares in Energy Transfer Partners and Kinder Morgan in the face of plaguing oil slump and toxic energy market. He has tapped these pipeline companies after strengthening his US equity holdings by 56% last quarter.

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