Berkshire Hathaway energy unit MidAmerican Power Holdings has agreed to buy wind turbines with an estimated value of more than $1bln from Siemens. IFM Investors has agreed to invest $1.3 billion in equity funding for the proposed three-train Freeport LNG natural gas liquefaction and export plant in Texas, sourced from a consortium of project finance ledners. The funding in question… Keep reading →
Deutsche Bank changed its recommendation on shares of Cabot Oil & Gas – a major Marcellus and Eagle Ford Shale operator – causing that stock to move in today’s trading session. The investment bank is also optimistic on the US refining sector – putting a buy rating on Phillips 66 – formerly ConocoPhillip’s refining division.… Keep reading →
A new US government estimate for the amount of natural gas contained in the Marcellus Shale is sharply lower than earlier projections.
But the new estimate has not undermined expectations that the Eastern US field will become one of America’s most important energy sources in coming years. Keep reading →
