Google to Tap the Power of Offshore Wind
Google invests $700 mln in Danish data center, secures green energyGoogle will invest almost $700 million in a Danish data centre, the latest investment in the Nordic region which is known for its abundant renewable energy.Google said it would match…
Wind Farms Boost Tax Base for Local US Governments
Wind farms have boosted local tax bases and generated new revenue as they expand across the United States, especially for rural areas, Moody's Investors Service said in a report on Monday."What we're seeing is wind farms generate new operating revenues…
SoftBank, China's GCL Team Up for $930 mln Indian Solar Venture
Japan's SoftBank Group Corp has agreed to launch a $930 million Indian joint solar energy venture with Chinese firm GCL System Integration Technology Co as part of its India solar investment roadmap. The venture will work on photovoltaic technology, which is used in solar panels.
Statkraft in Talks with Firms to Set up Data Centers in Norway
Norwegian power firm Statkraft is negotiating with U.S. and other companies to build large data centers in its home country, favored by a recent change in Norway's tax system, the state-owned utility told Reuters on Thursday. Unlike its Nordic neighbours…
NOIA's Randall Luthi Weighs in on BSEE Rules
NOIA Welcomes Opportunity to Comment on Revisions to Offshore Production Safety Systems Rule. “The proposed revisions to the Production Safety Systems Rule mark an integral step in the regulatory reform promised by President Trump, Interior Secretary Zinke and BSEE Director Angelle.
Pressured for Profit, Oil Majors Bet Big on Shale Technology
Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once - without ever setting foot on a rig. Part of a team working to cut the cost of drilling a new shale well by a third, Portillo works from a Royal Dutch Shell Plc office in suburban Houston…
Will Saudi Aramco Deliver Record Profit for IPO?
Saudi Aramco is world's biggest oil producing company; but valuation demands annual earnings around $130 billion. When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record…
Oil, Stocks Climb as Investors Look to Fed
Better-than-expected BP earnings lift European stocks; oil prices recover on weaker dollar, new cash. World stocks climbed for the first time in four days on Tuesday and a weaker dollar helped oil prices gain too, as investors fine-tuned their expectations…
Oil down, Dollar slips
Crude oil prices fell on Friday ahead of a weekend meeting that could yield an output freeze by major producers, while the U.S. dollar and stocks across the globe edged lower but posted weekly gains. On Wall Street, energy stocks led the market slightly lower as oil fell…
US Shale Firms Squeezed by Tightening Credit
Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans. Every six months, oil and gas producers and their banks negotiate…
Stocks, Dollar Drift Ahead of Yellen Speech; Oil Drops
Crude oil prices continued to fall on Tuesday as oversupply fears resurfaced, while stocks and the U.S. dollar were little changed ahead of a widely anticipated speech by Federal Reserve Chair Janet Yellen. Yellen, due to speak at the Economic Club of New York at 12:20 p.m.
Stocks Battle Back on Oil Rebound
Oil rallies back above $30 a barrel after overnight drop. Markets went on another rollercoaster ride on Tuesday as hopes that big oil producers may start tightening supply drove crude oil prices higher and pulled stocks out of a worldwide dive that included a six-percent plunge in China.
Stocks, Oil Rally; Cold Snap Supports Energy Demand
Oil prices and world stock markets jumped on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Brent crude oil, which tumbled in recent weeks on worries about oversupply,…
ConocoPhillips Signals Conditional Support for UN Climate Deal
The comments by the Houston-based company were a clarification of its position on the proposed UN agreement after it earlier in the week answered 'yes' to a question in a climate change survey that asked whether it backed a 2015 UN accord. The company's partial endorsement comes as pressure grows on U.S.
Poor Commodities: Assets Without a Central Bank
Commodity investors stung by the four-year bear market made one simple mistake: investing in an asset class not backed by a central bank. Whereas equities and bonds have benefited from very meaningful support, direct and indirect, from central bank asset-purchase programs, commodities have not.
SunPower, Apple to Build Solar Projects in China
Solar panel maker SunPower Corp said it would partner with Apple Inc to build two solar power projects in China's Sichuan province with total capacity of 40 megawatts. The projects, when complete, will be co-owned by Apple and Sichuan Shengtian New Energy Development Co Ltd…
Desperate Times for US Coal Mean Desperate Port Proposals
It’s a spectacularly atrocious time for U.S. coal companies. Demand for coal domestically is not what it was—and likely never will be—so producers have cast their gaze abroad, where they hope Asian markets respond as domestic ones fail. It’s a long shot…
Apple Investing $850m in California Solar Farm
Apple Inc Chief Executive Tim Cook said on Tuesday the technology company is investing $850 million to help build a solar farm in California with solar panel maker First Solar. The project in Monterey County, California will provide enough energy for 60…
Mitsui Orders 2 LNG Carriers from MHI
Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled for completion and delivery in 2018 and 2019, respectively. They will be put into…
The Investing Problem of Abundance
It is the season of abundance, but sometimes abundance is the last thing financial markets need. Shares fell on Monday as two stories troubled investors; the low and falling price of oil and the disappointing retail takings over the Black Friday shopping weekend.
