Company News
Hess to focus on Bakken, Guyana in 2019
Hess Corp. has announced it plans to spend $2.9 billion in its 2019 capital and exploratory budget, with 75% of that money earmarked for high-return growth assets in the Bakken ...
Holtec to purchase, decommission Oyster Creek NPP
Exelon Generation and Holtec International have an agreement under which Holtec will purchase Oyster Creek Generating Station, a nuclear power plant (NPP) located in New Jersey. You have reached your ...
Energy investment fell in 2017, IEA reports
The amount of money spent in the energy sector fell for a third straight year in 2017, raising concerns about the world’s ability to provide enough power and tackle climate ...
FES to close all coal-fired & nuclear power plants
FirstEnergy Solutions says it intends to close its last coal-fired power plants in Pennsylvania and Ohio in 2021-2022, although those decisions could be reversed if the Ohio-based company were to ...
NN Group won’t invest in oil sands projects, pipelines
An international financial services company has announced its withdrawal from financing tar sands oil and pipeline projects in Canada and the U.S., Kallanish Energy reports. The announcement ...
Shale gas means billions in chemical industry investment
The availability of, and inexpensive price for, U.S. shale gas since 2010, has resulted in 333 chemical industry projects cumulatively valued at $202.4 billion being announced, with ...
Chevron in talks to buy Petrobras’ Texas refinery: sources
U.S. oil supermajor Chevron has held talks to acquire Pasadena Refining System Inc., (PRSI), a Texas oil refinery owned by Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras), three people familiar ...
U.S. renews pressure against Iran-Pakistan gas pipeline: official
The Trump administration is preventing the Iran-Pakistan natural gas pipeline to be completed, Iran’s parliament speaker, Ari Larijani, said this week following a meeting with Pakistani officials ...
Australian company eyes Alberta for new coal mine
An Australian company intends to develop a $700 million mine to supply coal for steelmaking in southwestern Alberta, Kallanish Energy reports. The plans of Riversdale Resources and subsidiary, Benga Mining ...
$54 million pipeline planned for Wyoming
Black Hills Energy, of Rapid City, S.D., is preparing to build a 35-mile, $54 million natural gas pipeline in Converse County, east-central Wyoming. The Natural Bridge Pipeline will ...