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