Combined company had 2014 pro forma revenue of $59 billion Schlumberger is buying Cameron in a cash-and-stock deal valued at about $12.71 billion that would create an oilfield equipment and service powerhouse. Cameron was the maker of the blowout preventer on the ill-fated Deepwater Horizon rig, which was rocked by an explosion and fire in 2010 […]
Schlumberger, Cameron merge in oil field blockbuster deal Read More »
Utica only shale basin expected to increase production Natural gas production in shale regions is expected to drop in September as drilling slows and cannot keep up with the drop off from legacy wells, according to the US Energy Information Administration’s Drilling Productivity Report. Production from these seven shale regions reached a high in May at
Shale natural gas production expected to decline in Sept. Read More »
National Clean Energy Summit in Vegas LAS VEGAS – President Barack Obama brought presidential star power to tout the benefits of solar electricity in Western states during an annual green power conference Monday in Las Vegas hosted by U.S. Sen. Harry Reid. The president used a keynote speech to the eighth National Clean Energy Summit at the
National Clean Energy Summit: Obama throws support behind wind, solar power Read More »
China, US coal summit in Billings, Montana BILLINGS, Mont. – US coal representatives from coal-rich states are meeting with Chinese energy officials in a bid to advance so-called clean-coal technologies that have struggled to gain traction. The conference, held in Billings and hosted by officials and the governors of some Western states, takes place near one of the largest coal reserves
US coal reps host Chinese energy officials, talk ‘clean coal’ Read More »
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 »
