(Reuters) – Norway’s Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut green targets as the market for renewables sours. Equinor follows peers BP and Shell, which have trimmed plans to expand in renewable energy, especially offshore wind, …
Equinor Cuts Renewable Energy Target Due to Industry Headwinds Read More »
Administration considering retooling energy loan program Loan program could be revamped to focus on different sectors The Trump administration is exploring legal options to cancel loans issued under a $400 billion program to finance clean-energy technology as it considers overhauling the initiative, according to a person familiar with the matter. The newly installed director of …
Trump Mulls Revoking Loans From $400 Billion Clean-Energy Office Read More »
With the increased focus on efficiency and cost savings, it’s important to ensure your travel spend is being used as wisely as possible. With the increased focus on efficiency and cost savings, it’s important to ensure your travel spend is being used as wisely as possible. Make Every Dollar Count While each company and industry …
Maximizing Your Travel Spend Through Cost Savings With LodgeLink Read More »
(Reuters) – President Donald Trump’s emerging trade war with Beijing poses a new threat to billions of dollars in planned U.S. liquefied natural gas export projects, many of which rely on China as a key buyer, according to analysts, industry sources, and company filings. The threat reflects the double-edged nature of Trump’s protectionist policies, which …
Trade War With China Casts Dark Cloud Over New US LNG Projects Read More »
(Reuters) – Canadian pipeline operator Trans Mountain said it expects to see increased interest to ship on its system if the United States slaps tariffs on Canadian oil imports in a month. The pipeline, which can carry up to 890,000 barrels per day of crude from Alberta to Canada’s Pacific Coast, has been about 80% …
(Reuters) – Canadian pension fund CPP Investments is weighing strategic options, including a sale or initial public offering, for Encino Acquisition Partners that could value the U.S. oil and natural gas producer at as much as $7 billion, including debt, people familiar with the matter said. The deliberations come as the energy industry is anticipating …
Encino’s Owner Mulls $7 Billion Sale, IPO of Energy Producer, Sources Say Read More »
Diamondback Energy has named Darin G. Holderness, who founded and served as CFO at P&A Exchange LLC and CFO at ProPetro Holding Corp. as a board of directors at the Permian Basin E&P.
Executive compensation is increasingly tied to stock metrics, rewarding performance instead of growth, according to an Alvarez & Marsal report.
(Reuters) – U.S. President Donald Trump will reimpose “maximum pressure” on Iran and drive its oil exports down to zero, a U.S. official said. Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels of oil per day (bpd), or around 3% of global output. Following are …
An Overview of Iran’s Energy Industry and Infrastructure Read More »
(Reuters) – U.S. President Donald Trump will restore his “maximum pressure” campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday. Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure. That would shut down the region’s trade and lead …
Strait of Hormuz: The World’s Most Important Oil Artery Read More »
