SunEdison filed for Chapter 11 bankruptcy protection in April CHICAGO, Sept 12 (Reuters) – Houston-based NRG Energy Inc has won the auction for bankrupt renewable power plant developer SunEdison Inc’s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing. The sale is one of several […]
NRG Energy wins auction for SunEdison wind and solar projects Read More »
Hedge funds accumulated then liquidated short positions in 4 distinct cycles that closely mirror fall and rise of oil prices LONDON – Hedge funds tempered their bullishness towards the entire petroleum complex during the first week of Sept., according to positioning data from regulators and exchanges. Hedge funds and other money managers cut their combined net long position
Hedge funds temper bullishness on oil: Kemp – Reuters News Read More »
Chesapeake Barnett shale produces about 65,000 boe per day By Bate Felix PARIS, Sept 9 (Reuters) – French oil and gas company Total will increase its exposure to U.S. shale gas by buying 75 percent of Barnett Shale assets from Chesapeake, taking advantage of a far lower price than it paid for its original 25
Total sees bargain buy in Chesapeake Barnett shale assets Read More »
Fund excludes Duke Energy “on an assessment of the risk of severe environmental damage” By Gwladys Fouche OSLO, Sept 7 (Reuters) – Norway’s $900-billion wealth fund can no longer invest in Duke Energy, the biggest U.S. power firm by generation capacity, due to alleged breaches of environmental law at its coal-fired plants, Norway’s central bank
Norway wealth fund barred from investing in Duke Energy Read More »
Petrobas, Brookfield deal valued at $5.2 billion By Tatiana Bautzer SAO PAULO, Sept 6 (Reuters) – Brazil’s state-run oil company Petroleo Brasileiro SA agreed to sell 90 percent of its natural gas pipeline unit to a group of investors led by Canada’s Brookfield Asset Management Inc for $5.2 billion, a source with direct knowledge of the deal
Petrobras sells 90 per cent share in gas pipeline to Canadian asset management group Read More »
EOG Permian, adjacent plays increased to 574,000 acres By Ernest Scheyder Sept 6 (Reuters) – EOG Resources Inc said on Tuesday it would buy privately held Yates Petroleum Corp for $2.5 billion in stock and cash, in the latest move by a U.S. energy company to acquire acreage in the Permian Basin, one of the
EOG to buy Yates in $2.5B deal, boosting Permian assets Read More »
Lazard discounted SolarCity value by $400M By Liana B. Baker Aug 31 (Reuters) – Lazard Ltd, the investment bank that advised SolarCity Corp on its $2.6 billion sale to Tesla Motors Inc, made an error in its analysis that discounted the value of the U.S. solar energy company by $400 million, a regulatory filing by Tesla showed
SolarCity adviser Lazard made mistake in Tesla deal analysis Read More »
Energy Future filed for Chapter 11 in April, 2014 By Jessica DiNapoli and Tom Hals WILMINGTON, Del., Aug 17 (Reuters) – Energy Future Holdings Corp , Texas’ biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in the largest U.S. bankruptcy since the
Texas utility Energy Future pushes bankruptcy exit plan in trial Read More »
Pacific Exploration looks to emerge from bankruptcy Aug 17 (Reuters) – Canadian oil producer Pacific Exploration & Production Corp said on Wednesday it a majority of its creditors approved a restructuring plan, which will help it emerge from bankruptcy. The company had filed for creditor protection in Canada in April as it grappled with a prolonged
Pacific Exploration says creditors approve restructuring plan Read More »
“There are no discussions underway that would impair trade vendors, customers, or employees in any regard…” – Basic Energy Services Fort Worth, Texas – Basic Energy Services, Inc. announced that it has elected to utilize the 30-day grace period with respect to an $18.4 million interest payment due today on its 7.75 per cent senior notes due 2019, according
Texas-based Basic Energy Services using interest payment grace period to avoid default Read More »
