For years TransCanada has tried to have their Keystone XL Pipeline project approved by the U.S. government. Originally the proposal was denied by former President Obama, but after the election this year President Trump enacted an executive order bringing the proposal back to the surface. Since the projects reintroduction to the forefront of climate and… Keep reading →
Dealmaking
Controversial Keystone XL Pipeline Approved by President Trump
By Danielle IzzoSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.M&A Trend in Renewable Energy Sector: a Competition for Ascension
By Michael Vinci
AES, one of the world’s largest energy companies worth some $37 billion, operates 35,000 megawatts in power plants across the globe. However, within a few weeks, this will all change. By acquiring sPower, this M&A transaction poses a new trend to the renewable energy sector: purchasing larger portfolios verses a project management approach to grow… Keep reading →
There are distressed energy investors, investors who are distressed about energy, and then there are investors who will buy distressed properties that no one else would touch with a ten-foot pole. Of late that last group is starting to become interested in an area of the world that is radioactive to every other investor out there; Iraq.
When you live in a state heavily influenced by oil, saddle up and hold on for the ride. What comes up must come down, and real estate has room on the downside. The real question is really just how much. My clients are all energy professionals, and when I visit with them, nine out of… Keep reading →
Energy Secretary Moniz and Nevada Governor Sandoval Formalize Working Group to Advance Shared Interests at Nevada National Security Site
By U.S. Department of Energy
Energy Secretary Moniz and Nevada Governor Sandoval Formalize Working Group to Advance Shared Interests at Nevada National Security Site Department of Energy and State of Nevada also Finalize Record of Decision on Key National Security Activities at NNSS WASHINGTON—U.S. Energy Secretary Ernest Moniz and Nevada Governor Brian Sandoval have signed a Memorandum of Understanding (MOU)… Keep reading →
Energy News Roundup: Private Equity ‘Salivating’ Over Energy, Sieminski’s 5 Energy Takeaways & Rooftop Solar Could Hit Investors
By Jared Anderson
The knock-on economic opportunities associated with developing, transporting and consuming energy are widespread and have drawn eye-popping amounts of private equity investment in the past few years. “That opportunity has the private equity industry salivating. PE funds have raised $157 billion since 2009 to invest in energy, according to data from intelligence firm Preqin. And… Keep reading →
Energy News Roundup: Halliburton-Baker Hughes Merger? Antarctica Melting From Below & Report Urges Hydro One Breakup
By Jared Anderson
The Wall Street Journal reported late Thursday that oil services giants Halliburton and Baker Hughes were involved in “quickly progressing” merger negotiations, which caused shares of both firms to jump. “The Journal, citing unidentified people familiar with the matter, said talks were progressing quickly and a deal could come soon.” [Fuel Fix] A new study using… Keep reading →
Turkey Calls for Safe Havens and No-Fly Zones in Syria: Five Things You Need to Know
By Soner Cagaptay & Andrew J. Tabler
Ankara’s security and political concerns may drive it to establish buffer zones unilaterally, while Washington’s hesitance could cost it a coalition. Since the armed phase of the rebellion against Bashar al-Assad began in summer 2011, Turkey has been intent on setting up safe havens and accompanying no-fly zones in northern Syria to protect areas held… Keep reading →
Energy News Roundup: $5.4B Southwestern Energy Deal, Scottish CCS Project and Lockheed Martin Compact Fusion Reactor
By Jared Anderson
Southwestern Energy agreed to acquire Marcellus and Utica acreage and equipment from Chesapeake Energy for $5.4 billion. “The early drilling in both the liquids-rich Marcellus and emerging Utica plays has confirmed the resource potential and the economic strength of a long-term development program,” Southwestern CEO Steve Mueller said in a written statement. [Fuel Fix] A… Keep reading →
Environmental Claims: The Gift That Keeps On Giving
By Vicki Harding | Pepper Hamilton LLP
Asarco LLC v. Goodwin, 756 F.3d 191 (2nd Cir. 2014) –
A reorganized company (Asarco) sought contribution for payment of environmental claims from beneficiaries of trusts created under John D. Rockefeller’s will. The district court dismissed the claims, and Asarco appealed to the 2d Circuit.
