ENERGY (MSM)

Nigeria's president appoints new head of state oil firm

LONDON (Reuters) – Nigeria’s President Muhammadu Buhari appointed Emmanuel Ibe Kachikwu as the new group managing director of state oil firm Nigerian National Petroleum Corporation (NNPC) on Tuesday, a statement from the presidency said. The new head was the executive vice chairman and general counsel of Exxon-Mobil (Africa) and is taking over from Joseph Thlama Dawha.

Nigeria's president appoints new head of state oil firm

LONDON (Reuters) – Nigeria’s President Muhammadu Buhari appointed Emmanuel Ibe Kachikwu as the new group managing director of state oil firm Nigerian National Petroleum Corporation (NNPC) on Tuesday, a statement from the presidency said. The new head was the executive vice chairman and general counsel of Exxon-Mobil (Africa) and is taking over from Joseph Thlama Dawha.

Green energy sees secure future from Obama's climate plan

Solar and wind energy in the United States is likely to have a secure future thanks to President Barack Obama’s plan to cut carbon emissions by forcing utilities to use renewable sources to produce electricity, the industry said on Monday. With its 2030 deadline, Obama’s Clean Power Plan offers a degree of stability over the next 15 years to renewable energy companies which have historically relied on more precarious state

Weak oil prices, China worries weigh on Wall Street

Energy stocks were the biggest losers among the main S&P sectors, recording their worst three-day decline in seven months. Exxon Mobil and Chevron , which also reported poor results on Friday, led the losses. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.

Weak oil prices, China worries weigh on Wall Street

Energy stocks were the biggest losers among the main S&P sectors, recording their worst three-day decline in seven months. Exxon Mobil and Chevron , which also reported poor results on Friday, led the losses. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.