By Javier E David Despite the slow rate of adoption of natural gas to fuel motor vehicles, a confluence of trends in favor of natgas is shaping up to loosen the stranglehold petroleum has on the transportation fuel market, according to Citigroup. In a lengthy research report this week, the bank cited rising global natgas… Keep reading →
Investors are abandoning the solar manufacturing sector, but the solar game is far from over, according to one analyst. “There will be a resurgence” of solar after a manufacturing shakeout, Jason Channell, director of investment research and analysis at Citigroup, told CNBC. But “we think the next boom is coming from the storage area,” he… Keep reading →
With natural gas competing more strongly than ever with coal for power generation due to near commodity price parity, the mergers and acquisitions market for utilities has entered rarely charted territory.
Of the coal or natural gas utility merger and acquisition deals done in the last 18 months, there were probably 10 times that amount worked on but not closed, John Dingle, Partner at management consulting firm Thorndike Landing told the Platts Utility M&A Conference held June 25th – 26th in New York. Keep reading →
Volatility in the overall financial markets have taken a heavy toll on clean tech companies with IPO ambitions, while valuations of publicly traded stocks had dropped dramatically by two thirds, investment bankers in the sector conceded this week.
Clean tech market sector capitalization was valued at $475 billion at the high point in 2007, said David Dolezal, head of the Americas Renewable Energy and Cleantech division at UBS, the largest trader of clean tech stocks. But that figure has now been slashed to $142 billion, the equivalent market capitalization of pharmaceutical giant Pfizer. Keep reading →
Low natural gas prices are likely to persist in the US, which could prompt a new wave of oil and gas asset deals, and potentially industry consolidation.
Robust drilling activity, ongoing productivity gains, a backlog of wells awaiting completion, continued joint venture capital infusions, and hedging activities are all helping to sustain an oversupply of natural gas in the US, said R. Dean Foreman, chief economist, planning and commercial for independent Talisman Energy at the IHS Herold Pacesetters Energy Conference. Read more on the conference: Drilling Advances Trigger Tight Oil Renaissance. Keep reading →