Prime Minister Stephen Harper (L) of Canada welcomes US President Barack Obama to the G8 Summit at Deerhurst Resort in Huntsville, Ontario, on June 25, 2010.
The recently announced high-profile oil and gas acquisitions by Chinese state-controlled companies highlight the numerous opportunities for the US and Canada to both partner and compete in global energy markets. Keep reading →
Companies are finding revolutionary ways to convey their unique advantages, selling points and business models. Publications like Breaking Energy and the Huffington Post are accustomed to receiving – and running – featured or contributed articles from company executives discussing their take on the news of the day, or on broader trends.
Breaking Energy joined the online video energy community the day we launched, but we rarely receive direct video commentary, reactions or feedback about the content in the way we traditionally have in written form. Keep reading →
Daegu, South Korea’s third largest city.
Complex times call for comprehensive expertise to reach solutions, and the increasingly networked state of the global energy business has underlined the importance of similarly global gatherings like the World Energy Congress. Keep reading →
CNOOC buys Nexen in largest ever Chinese overseas takeover. Assets in UK, Gulf of Mexico, W Africa, Canada ajwsmall
NRG Energy said Sunday that it plans to acquire rival GenOn Energy in a $1.7 billion all-stock deal that would create the largest competitive power company in the U.S.
The combined company would have about 47,000 megawatts of power plants across the U.S. and have an enterprise value of $18 billion, the companies said. NRG President and Chief Executive David Crane will maintain his current positions at the combined company. GenOn Chairman and CEO Edward R. Muller will join the NRG board as vice chairman. Both companies had considered merger opportunities over the last few years as a way to cut costs and expand their footprints to better compete. Then, Mr. Muller said he contacted Mr. Crane this past spring to discuss a potential deal.
Large corporations are steadily replacing governments and banks in financing renewable energy transport fuels and technologies, helping a popular sector for venture capital and private equity early stage funding cross the infamous development “valley of death” in search of scale.
The renewable energy transportation sector has reached a pivot point in which the needs and criteria of investors is changing ahead of a new race to scale up transformational technologies, a panel of bankers, lawyers and project developers said at the Renewable Energy Transport Forum in Washington, DC this week. The event was hosted by the American Council on Renewable Energy (and this author spoke on one of the conference panels). Keep reading →
When Royal Dutch Shell sinks five wells off Alaska — slated for next month — it will be the first drilling in U.S. Arctic waters in decades.
“Why can’t we just…” is often the question energy industry leaders face when dealing with questions about the current state of the energy business. “Why can’t we just build all renewable energy?” or “Why can’t we just switch over to electric vehicles?”
The answer is usually – at least in large part – infrastructure. Keep reading →
U.K. regulator, the Takeover Panel, Friday waded into the takeover battle between Royal Dutch Shell PLC (RDSB.LN) and Thailand’s PTT Exploration & Production PCL (PTTEP.TH) over Africa-focused Cove Energy PLC (COV.LN), giving the companies a deadline of July 16 to make their final offers.
