Company plans $2B Ethiopian power project on imploded volcano
Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer...
View ArticleNew York making $1B investment in solar power
New York Gov. Andrew Cuomo says the state is making a long-term, $1 billion investment in support of solar power.
View ArticleFracking sucks money from wind while China eclipses US
U.S. President Barack Obama says natural gas can be a bridge from coal to a cleaner energy future. Investors are showing it’s more likely a bridge to nowhere.
View ArticleBuffett to expand energy wager ‘as far as the eye can see’
Berkshire Hathaway Inc., which has struck deals to expand its utility business in Nevada and Western Canada, plans more investment in the industry, in part by betting on renewable power, Chairman...
View ArticleNorway oil spending expected to plunge on costs, political meddling
Oil and gas companies operating in Norway, western Europe’s biggest producer, predict investments will plunge 21 percent next year amid rising costs and increased political interference over offshore...
View ArticleRenewables to get most of $7.7 trillion power investments
Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.
View ArticleSasol approves plan for $8.1 billion ethane cracker near Lake Charles
The project is driven by the abundance of low-cost ethane and natural gas in the U.S., which has prompted many chemical makers to beef up their U.S. facilities.
View ArticleLinn announces $1 billion equity deal
Oil producer Linn Energy signed a deal with Quantum Energy Partners, a private investor, to help fund up to $1 billion in oil and natural gas acquisitions, the companies said Tuesday
View ArticleNorth Texas man gets 6 years for wind farm investment fraud
David Lyman Spalding of Colleyville was sentenced Tuesday in Dallas and ordered to repay nearly $3.4 million.
View ArticleEnergy slump to take toll on midstream investment, report says
Lower prices and less drilling will mean almost $100 billion less in midstream investment over the next two decades, according to an analysis by an industry group.
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