Duke Energy and Lee County natives in North Carolina are struggling to reach a settlement over disputed toxic ash produced from the burning of coal to harness electricity. “It leaves behind ash that can contain arsenic, selenium, boron and many other toxic substances.For decades, that ash simply has been buried in pits near the power… Keep reading →
Duke Energy Corp. has agreed to pay shareholders about $146 million in settlements following allegations that it failed to disclose details of its 2012 merger with Progress Energy Inc. “The lawsuit accused Duke and several directors and executives of planning in secret to overthrow Progress Chief Executive Bill Johnson as head of the new company.… Keep reading →
Iran’s atomic energy chief and US energy secretary joined talks in Geneva on Saturday for first time, joining seven other nations in a move that may help resolve technical disputes standing, with hopes to curb Tehran’s atomic activities in exchange for sanctions relief. “Technical experts for Iran and the six nations it is negotiating with have… Keep reading →
Some utilities have belatedly decided to enter solar leasing business. Too little, too late? Some utilities have decided that fighting solar is futile. Instead, they will join their enemies, assisting more customers to install solar panels on the roof – if that is what they want – or make their homes and businesses more energy… Keep reading →
The buzz about solar keeps on growing thanks to a steady stream of media reports about the industry’s growth potential. The latest examples, to name just a few, include Duke Energy’s $500 million solar expansion; solar on landfills and the proliferation of solar carports; and many reports on the potential of perovskite-based panels to dramatically slash costs.
Citigroup predicted the recent increase in oil prices is a temporary lull in the downward price trajectory. The bank lowered its crude oil price forecast. “Despite global declines in spending that have driven up oil prices in recent weeks, oil production in the U.S. is still rising, wrote Edward Morse, Citigroup’s global head of commodity… Keep reading →
US military veterans are often a great fit for oil & gas industry jobs and Pennsylvania has developed numerous programs to help make that connection. “The traits that the military imparts on the men and women — loyalty, courage, safety, commitment, leadership, teamwork — are all valued by employers in this industry,” said Dave Pistner,… Keep reading →
The companies developing the Leviathan field off the coast of Israel have reportedly signed an initial agreement with a Jordanian power company for a multi-billion dollar, long-term natural gas supply deal. “Under the terms of the latest agreement, the gas is to be sold at oil-linked prices and will be delivered to a border location… Keep reading →
Energy companies including those operating in various stages of oil and gas development, utilities and other energy-related businesses face an imminent wave of retirements that have many working hard to smooth the transition into a new generation of employees. In additional to science-based fields like geology and engineering, large companies need people to fill financial… Keep reading →
Egypt was recently forced to divert natural gas from LNG export projects to domestic power generation and industrial sectors, and there is no relief in sight. One of the major challenges facing leadership are the substantial energy subsidies that keep gasoline prices below market levels, which is a common issue throughout the region. Keeping the… Keep reading →
