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Marubeni Slashes Forecast on Crude Fall

2015-01-26 12:34:35| Food - Topix.net

Marubeni Corp. on Monday cut its net profit projection in half for the current fiscal year as falling prices of crude oil and other commodities forced the company to book steep impairment losses. The major Japanese trading house cited a A 95 billion write-down in oil and gas assets as weighing on its profits.

Tags: fall forecast crude slashes

 

Marubeni Slashes Forecast on Crude Fall

2015-01-26 11:21:35| Chemicals - Topix.net

Marubeni Corp. on Monday cut its net profit projection in half for the current fiscal year as falling prices of crude oil and other commodities forced the company to book steep impairment losses. The major Japanese trading house cited a A 95 billion write-down in oil and gas assets as weighing on its profits.

Tags: fall forecast crude slashes

 
 

Canadian crude is in the game now, Enbridge CEO says

2015-01-23 15:43:41| Oil & Gas - Topix.net

Canada-based Enbridge Inc. and Houston-based Enterprise Products Partners LP just celebrated the beginning of delivery of Canadian crude - the first oil arrived Dec. 21 - to Freeport, Texas, through a new pipeline system. Heavy crude oil from Canadian tar sands is now flowing en masse into the Houston area for the consumption of refineries and more.

Tags: game says canadian ceo

 

Canadian Pacific on track with plan despite cutting crude forecasts in 2015

2015-01-22 22:15:14| Railroads - Topix.net

Canadian Pacific Railway locomotives are shuffled around a marshalling yard in Calgary, Wednesday, May 16, 2012. Canadian Pacific Railway remains on track to double its earnings by 2018 even though low crude prices have forced the company to trim the number of carloads it expects to carry in 2015 by 30 per cent.

Tags: plan track pacific canadian

 

Amec Foster Wheeler to design Ras Markaz crude oil park project in Oman

2015-01-22 01:00:00| Hydrocarbons Technology

Amec Foster Wheeler has secured a contract to design the Ras Markaz crude oil park project in Oman.

Tags: design project park oil

 

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