Energy

GE Freezes Pension Plans to Cut Deficit by Up to USD 8 Billion

Energy & Mining0 Comments General Electric Co. (NYSE: GE) on Monday said it will freeze pension plans for about 20,000 U.S. salaried workers, and supplementary pension benefits for 700 employees who became executives before 2011. In total,...

NextEra Energy Partners to Acquire Meade Pipeline

Energy & Mining0 Comments NextEra Energy Partners, LP (NYSE: NEP) will acquire Meade Pipeline Co. LLC and its interests in the Central Penn Line in a deal valued at USD 1.37 Billion. The transaction also includes roughly USD 90 Million in...

Oil Prices Rise after Attacks on Saudi Arabia Facilities

Energy & Mining0 Comments Oil prices witnessed a sharp rise over the weekend after Saudi Arabia’s oil facilities were attacked during pre-dawn hours on Saturday. The attacks eliminated more than half of the crude output from the world’s...

Exxon Mobil Profit Sinks for the Third Consecutive Quarter

Energy & Mining0 Comments Exxon Mobil Corporation (NYSE: XOM) on Friday reported earnings that disappointed investors for the third consecutive quarter. Quarterly profit fell by 21%, the third straight period in which profit has declined....

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