Today’s energy market action:
- Oil prices sink in the morning, but recover by the closing bell.
- S&P 500 and NASDAQ eke out another record high.
- Energy sectors little changed on both sides of the border.
Today’s M&A news:
- Anadarko snubs Chevron and rekindles romance with Occidental.
- Delek confirms offer for Chevron’s UK North Sea assets.
- Taqa buys Schlumberger’s Mid-East drilling business for US$415M.
- Pioneer Natural Resources in talks to sell Eagle Ford assets to Ensign Natural Resources.
Today’s other notable energy news:
- CP Rail blames Alberta curtailment for big drop in Feb crude-by-rail volumes.
- Marathon Pipe Line extends open season on Capline Reversal to USGC.
- Petrobras plans sale of 8 Brazilian refineries and retail stations in Uruguay.
Today’s notable first quarter earnings results:
- Diamond Offshore Drilling posts US$73M loss on revenues of US$233M.
- Continental Resources posts US$187M profit, despite 16% rise in output.
