GEP Haynesville deal worth over $1.3 billion in cash and savings CALGARY – Encana Corp. (TSX:ECA) is exiting Louisiana through a proposed deal worth more than US$1.3 billion in cash and savings. The Calgary-based oil and gas producer will receive US$850 million cash and reduce its commitments by about US$480 million through the sale of its Haynesville […]
GEP Haynesville buys Encana Louisiana natural gas assets Read More »
Fitch Ratings study examines challenges of losing tax revenue for municipalities whose economy relies on oil and gas The recent decline in oil prices has raised the pressure on some cities, counties and single-purpose districts in oil-producing states, according to a new report by Fitch Ratings. According to Fitch, some municipalities will be able to raise taxes and
Are Texas municipal finances threatened by oil bust? Read More »
BP Whiting refinery shutdown caused gasoline price spike CALGARY – BP says it has restarted operations at a major unit of a U.S. refinery that processes oilsands crude from Alberta after a malfunction earlier this month. The forced shutdown of the 240,000-barrel-a-day crude distillation unit in Whiting, Ind., on Aug. 8 caused gasoline prices to spike across
BP Whiting refinery restarted after unplanned shutdown Read More »
Utility structure threatens to kill rooftop solar industry LAS VEGAS – Battles over rooftop solar electricity in Western states emerged as a key topic during an annual green power conference hosted Monday by U.S. Sen. Harry Reid. President Barack Obama was expected to keynote the close of the eighth National Clean Energy Summit at the Mandalay Bay resort.
Rooftop solar a key topic at Vegas clean energy conference Read More »
AquaMetals technology more efficient than traditional recycling RENO, Nev. – A California company has broken ground on a $30-million battery recycling plant in Nevada that federal officials say will be the first of its kind in the world. AquaMetals is building the plant at the Tahoe Reno Industrial Center east of Reno where Tesla Motors is building
AquaMetals breaks ground on $30M battery recycling plant in Nevada Read More »
AGL Resources purchase creates second-biggest US utility company ATLANTA – Southern Co. is buying AGL Resources Inc. for approximately $7.93 billion, which would create the second-biggest utility company in the U.S. by customer base. The combined business will include 11 regulated electric and natural gas distribution companies, serving approximately 9 million customers in nine states. Customers will continue
Southern Co. buys AGL Resources for almost $8B Read More »
Jolette Oil one of Hamm’s first successful Bakken oil investments OKLAHOMA CITY – The former wife of billionaire Oklahoma energy tycoon Harold Hamm, who was awarded nearly $1 billion in a divorce settlement, is now suing Hamm over the sale of a company the two co-owned. The lawsuit by Sue Ann Arnall alleges the $4.5 million sale
Bakken oil company sale disputed by ex-wife of Oklahoma billionaire Harold Hamm Read More »
President pushes back against fossil fuel with clean energy choices WASHINGTON – Pushing back against fossil fuel interests, President Barack Obama is pressing to give ordinary Americans more power to choose what kind of power they use. The president, in a speech at a clean energy conference in Las Vegas on Monday night, planned to announce new
Obama backs clean energy choices for consumers Read More »
Inventories grew by 2.3 million b/d) through first 7 months of 2015 should lead to slightly higher oil prices in 2016 Falling crude oil production in the United States in response to lower oil prices will help moderate oil inventory builds in the coming months, leading to slightly higher prices, according to the US Energy Information Administration.
Growing global inventories pressure crude oil prices Read More »
Plans offered in climate panel document call for wrenching change in Alberta’s economy, away from oil sands development. The government of Alberta has released its Climate Leadership Discussion Document, which is supposed to inform citizens about climate change and prepare them for a public opinion survey on the subject. Every Albertan should read the Discussion Document closely. The
Socialist Alberta premier cheers oil sands as climate panel plans future without it Read More »
