By Cecilia Jamasmie US coal producer Peabody Energy (NYSE: BTU), the world's largest privately owned producer of the fossil fuel, said Friday it had agreed to buy Shoal Creek metallurgical coal mine in central Alabama from Drummond Co. for $400 million. Located on the Black Warrior river, the mine serves the Asian and European steel mills with high-vol A coking coal. The transaction involves the purchase of the mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation.
The assets include non-utility operating solar assets, solar and battery storage development projects and one wind facility with a total capacity of 980MW, Sempra Energy stated. The all-cash The post Sempra Energy to sell solar assets to Consolidated Edison for $1.54bn appeared first on Compelo Energy.
Crude oil prices have been rising over the past year as a result of the Organization of the Petroleum Exporting Countries' strategy to tighten supply.
Rystad reports that investments in offshore projects will be higher than shale investments, shake-up from previous years. : Offshore investments levels are set to rise in 2019 after decreasing each year during the industry downturn. Recent analysis by Rystad Energy shows that a recent surge in offshore oil and gas FIDs has set the stage for a significant increase in offshore investments next year. This will be the first time shale investments will not overtake offshore. The number of offshore projects sanctioned in 2017 rose 50 percent year-on-year and close to 100 offshore projects will be sanctioned this year.
President Trump on Thursday suggested that the U.S. may reconsider military support for countries in the Middle East if members of OPEC don't bring down oil prices. "We protect the countries of the Middle East, they...
PORTLAND, Oregon, September 20, 2018 /PRNewswire/ -- Burgeoning demand for energy worldwide, depleting reserves of crude oil, and reduction in energy dependence after the advent of oil shale would propel the growth of the global oil shale market Allied Market Research...
Trump takes another swipe at global oil producers Thursday as the price of benchmark crude inched toward the $80-a-barrel threshold, tweeting at the Organization of the Petroleum Exporting Countries to get prices down immediately.
Headquartered in Virginia, Dominion Energy Midstream Partners is a Delaware master limited partnership (MLP) created by Dominion Energy to build a portfolio of natural gas terminaling, processing, storage, The post Dominion offers to buy Dominion Energy Midstream Partners in $2.2bn deal appeared first on Compelo Energy.
By Offshore Energy Today Flotel operator Prosafe has won a contract for its Safe Caledonia accommodation rig to support 'a major oil and gas operator' in the UK part of the North Sea. ... Read Full Article Here For more great articles: Offshore Energy Today.
The fundamentals underpinning Nigeria's natural gas market remain strong but investor confidence is waning because Africa's largest crude oil producer is failing to spell out clear legal and fiscal regimes to govern the petroleum industry. Nigeria's gas reserves are thought to be the largest in Africa at 5.2 trillion cubic metres, according to BP data....