Edition:
India

Shanti S Nair

Concho Resources to sell strip of New Mexico assets for $925 million

03 Sep 2019

U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico assets for $925 million to KKR-backed Spur Energy Partners LLC and plans to use the money to lower its debt and buyback shares.

Canada's Pembina Pipeline makes storage play with $3.3 billion Kinder Morgan deal

22 Aug 2019

Canada's Pembina Pipeline Corp has agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.28 billion), bulking up its storage resources in Canada.

UPDATE 3-Canada's Pembina Pipeline makes storage play with $3.3 bln Kinder Morgan deal

21 Aug 2019

Aug 21 Canada's Pembina Pipeline Corp has agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.28 billion), bulking up its storage resources in Canada.

Canada's CAE sees strong pilot training demand when Boeing MAX jets fly

15 Aug 2019

CAE Inc expects strong demand from airlines for pilot training when Boeing Co's grounded 737 MAX jets are cleared to fly, Chief Executive Marc Parent told analysts on Wednesday, after the Canadian training specialist reported lower-than-expected quarterly earnings.

UPDATE 3-Canada's CAE sees strong pilot training demand when Boeing MAX jets fly

15 Aug 2019

Aug 14 CAE Inc expects strong demand from airlines for pilot training when Boeing Co's grounded 737 MAX jets are cleared to fly, Chief Executive Marc Parent told analysts on Wednesday, after the Canadian training specialist reported lower-than-expected quarterly earnings.

Barrick doesn't have 'for-sale' sign on Tongon, Massawa, but open to options: CEO

13 Aug 2019

Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.

UPDATE 4-Barrick doesn't have 'for-sale' sign on Tongon, Massawa, but open to options -CEO

13 Aug 2019

Aug 12 Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.

Mosaic cuts profit view; cites bad weather, weak phosphate margins

06 Aug 2019

U.S. fertilizer company Mosaic Co cut its full-year earnings forecast and posted a lower-than-expected profit, as rains and flooding in the United States hit its volumes and phosphates margins, sending its shares down as much as 12.3%.

UPDATE 2-Mosaic cuts profit view; cites bad weather, weak phosphate margins

06 Aug 2019

Aug 6 U.S. fertilizer company Mosaic Co cut its full-year earnings forecast and posted a lower-than-expected profit, as rains and flooding in the United States hit its volumes and phosphates margins, sending its shares down as much as 12.3%.

UPDATE 2-CannTrust discloses Ontario Securities probe, delays Q2 results

02 Aug 2019

Aug 1 The Ontario Securities Commission has opened an investigation into CannTrust Holdings Inc, the cannabis producer said on Thursday, less than a month after the health regulator found unlicensed pot cultivation by the company.

World News