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forbes.com 16 hours, 28 minutes ago

New Jersey Is Now The United States' Hottest Clean Energy Economy

New Jersey is now the hottest U.S. clean energy market with a 50% renewable energy by 2030 goal, America's most ambitious offshore wind and energy storage targets, and an executive order to achieve 100% clean energy by 2050.
Read by 47% of LPs

chron.com 17 hours, 28 minutes ago

Struggling Energy Xxi Sold For $322m - Houston Chronicle

Houston offshore driller Energy XXI Gulf Coast agreed Monday to be bought by a privately held Dallas company, Cox Oil, for $322 million. Energy XXI emerged from bankruptcy more than a year ago, but continued to struggle financially. The new deal would cancel an agreement reached just a month ago for Virginia-based Orinoco Natural Resources to buy a 35 percent stake in Energy XXI. Energy XXI, which is focused in the Gulf of Mexico, was hard hit by the recent oil bust, and like many companies, filed for bankruptcy.
Read by 36% of LPs

gulfnews.com 18 hours, 58 minutes ago

Opec Could Do With A Radical Re

Outside of the Gulf, its members are careening from one crisis to another. : The hardest-working oil in the world comes from Saudi Arabia. As the kingdom prepares for next week's meeting of the Vienna Group -- the Organisation of Petroleum Exporting Countries (Opec), Russia and some others -- consider a few things those multi-tasking barrels must do.You'll notice I didn't even get into the issue of rival non-Opec supply, particularly from the US, and how it responds to prices being nudged this way and that.
Read by 30% of LPs

gulfnews.com June 17, 2018

Australian Energy Retailers May Face Intervention On Prices

Wholesale charges have fallen by about 30% from last year and that should start to flow to customers. : Melbourne: Australia's energy retailers face further government intervention in the market if they don't move to lower power prices for consumers after a drop in wholesale charges, according to Energy Minister Josh Frydenberg.Wholesale charges have fallen by about 30 per cent from last year and that should start to flow to customers, Frydenberg said Sunday on Sky News.
Read by 79% of LPs

business-standard.com June 15, 2018

Insolvency Process: Adani Power, Jsw Energy Submit Eois For Monnet Power | Business Standard News

Monnet Power was set up in 2007 and has a 1,050-Mw thermal power plant in Odisha, but ran into trouble when the Supreme Court cancelled multiple coal mine licences in 2014.
Read by 45% of LPs

rigzone.com June 15, 2018

Texas Oil Port To Raise $300m For Work To Handle Us Shale Export Boom

Port officials are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.
Read by 36% of LPs

chron.com June 15, 2018

Electricity Promotional Deals Aren't Just A Texas Thing - Houston Chronicle

Texans aren't the only ones bombarded by free nights and weekend deals for electricity. Retail electricity sellers are becoming more commonplace around the nation, according to a report from the U.S. Department of Energy. Competitive power marketers --the electricity sellers that offer $500 gift cards, free thermometers and other gimmicks to encourage consumers to sign up --supplied about 21 percent of the nation's retail electricity in 2016, nearly double the amount from a decade earlier. At the same time the share of electricity sales from regulated investor-owned utilities dipped to 52 percent in 2016 compared to 62 percent in 2005.
Read by 43% of LPs

moneycontrol.com June 15, 2018

Japan's Softbank To Invest Up To $100b In India Solar Power Generation: Report

In April SoftBank teamed up with China#39;s GCL System Integration Technology Co Ltd on a $930 million Indian solar energy venture.
Read by 39% of LPs

ibtimes.co.in June 15, 2018

Japan's Softbank To Invest Up To $100b To Boost India's Solar Power Production - Ibtimes India

SoftBank Group Corp has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday.
Read by 62% of LPs

channelnewsasia.com June 15, 2018

Softbank Plans Us$60-100 Billion Investment In Solar In India: Report

Japan's SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said on Friday, as the firm looks to expand its interests into various sectors.
Read by 38% of LPs