Standard and Poor’s downgraded its outlook on US-based independent Anadarko due to the likelihood of a court settlement that could exceed $9 billion. The case dates back to subsidiary Kerr-McGee’s 2002 corporate restructuring and the company’s 2005 spin-off of its titanium dioxide business. “Our negative outlook reflects our view that a Tronox settlement in excess… Keep reading →
Credit rating agency Standard & Poor’s has released a report that seeks to answer an important question: are there any more big, profitable shales on the order of a Bakken or an Eagle Ford to be found in the US? The primary feature of the two plays that makes them so attractive is their oil… Keep reading →
Extreme weather and climate change are significant business risks, but businesses are in the dark when it comes to both reliable data and appropriate tools to manage those risks, according to a report from the Center for Climate and Energy Solutions (C2ES). Of companies included in credit rating agency Standard & Poor’s Global 100 Index,… Keep reading →
Any game-changing technological advance benefits some industries and challenges others. Ratings agency Standard & Poor’s has compiled a list of winners and losers from the US shale boom in a report, Game Changer: Industry Winners And Losers From The U.S. Shale Revolution, released yesterday. Among beneficiaries of the shale boom are the petrochemical industry, which is enjoying lower… Keep reading →
Duke Energy President and CEO Jim Rogers (3rd L) testifies with (L-R) Alcoa Inc. Global Issues Director Meg McDonald, Natural Resources Defense Council President Frances Beinecke and ConocoPhillips Senior Vice President Red Cavaney before the House Energy and Commerce Committee on Capitol Hill April 22, 2009 in Washington, DC.
July 2 was not supposed to be an ordinary day for Bill Johnson, the former chief executive of Progress Energy. But it ended in an extraordinary way that even he hadn’t expected. Keep reading →
The potential for climbing costs in reacting to climate change are looking more and more bleak and it may be time for leaders outside the environmental community to do something about it, business leaders on a Ceres-sponsored call said on Friday.
The meeting was purposefully scheduled to start six hours after the release of a United Nations-sponsored Intergovernmental Panel report on climate change in Uganda. It warned global leaders that climate change is real and could have disastrous environmental and economics impacts. Keep reading →
Crude oil posted its sharpest fall since May on Monday as world stock markets plunged after an unprecedented downgrade of the US credit rating fueled fears of a double-dip recession in the world’s biggest economy.
For more news and information on the rapidly evolving energy industry, please sign up for the Breaking Energy newsletter. For the quickest updates, follow us on Twitter @AOLEnergy. Keep reading →
