“You’d think the thrill might wear off this whole renewable energy investing thing after a while. Nope—we’re still as into it as ever.” This week, Google announced an $80 million equity investment in six solar photovoltaic projects being developed by Recurrent Energy in Arizona and California. The deal marks the company’s 14th investment since it started eyeing project-level… Keep reading →
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We will never sell or share your information without your consent. See our privacy policy.Chevron announced earnings of $5.0 billion for the 3rd quarter, down from $5.3 billion in the corresponding reporting period last year. Upstream operations outperformed the company’s refining and marketing business, which was hit by thinner product margins. “Our third quarter earnings were down from a year ago,” said Chairman and CEO John Watson in a… Keep reading →
The oil and gas industry builds some of the world’s largest, most technically-challenging and expensive projects, especially now as companies are pushed further offshore, into the Arctic and into unconventional resource opportunities. As such, capital expenditure is closely watched by investors and there is consistent discourse around how much cash should be deployed to increase… Keep reading →
Utilities: Here’s the Future Environmentalists Plan to Give You
By Smart Grid NewsQuick Take: When it comes to the pending electricity revolution, many utilities dither or postpone or explain away (“It may have happened to every other industry. But it will NEVER happen to us. Because we’re special.”) Many environmental groups, on the other hand, are stepping up. They are not just saying that something must change.… Keep reading →
Energy News Roundup: TransCanada CEO Says Market Forces Trump Politics on Keystone XL
By Jared AndersonTransCanada’s CEO Russ Girling says they are not giving up on the Keystone XL Pipeline project and neither are producers seeking to ship their product through the line. The economic rationale of transporting oil via pipe rather than rail underpins the project and Girling is confident “the oil market transcends politics.” [The Hill] Eike Batista’s… Keep reading →
Neat and messy, conservative and spendthrift, no we’re not talking about Felix and Oscar, but former ExxonMobil CEO Lee Raymond and former Chesapeake Chairman and CEO Aubrey McClendon, who have teamed up to run a shale gas venture focused on Ohio’s Utica Shale. “It may be the U.S. energy industry’s oddest couple: Lee Raymond, who… Keep reading →
By: Jackie DeAngelis Chevron is strategically investing in the Gulf of Mexico, spending almost $12 billion and boosting its labor force as it prepares to launch two deep-water platforms now under construction. The platforms, Jack St. Malo and Big Foot, are named after the fields where they are located. They’re both being assembled at the… Keep reading →
On the heels of a hope-inspiring report that patents for wind and solar technologies are way up, comes this downer: Global investment in clean energy is plunging. Again. Bloomberg New Energy Finance, which has been tracking these numbers for nearly a decade now, toted up $45.9 billion in clean energy investment in the third quarter of 2013,… Keep reading →