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The company is continuing to work with the Cypriot government to finalize development plans for Aphrodite.
The deal comes as the Houston-based power generator seeks to streamline its operations and pay down debt.
While Texas currently has very little solar power generation, there are several projects currently in development.
As Mike D from the Beastie Boys turns fifty today, WTI is trying to fight for its right to party on in forty-dollardom. (but failing). Brent is being more successful in trying to ‘get it together’, holding somewhat steady, but the ongoing swelling-inventory, tanker traffic-jammed nature of the US market is sending prices on a […]
Chesapeake is making investors worry about its ability to pay back borrowings that are three times the current worth of its oil and natural gas fields.
The move shows the Gulf Coast’s petrochemical boom is continuing as companies look to take advantage of cheap natural gas that is used as feedstock for manufacturing chemicals and plastics.
The new group will speak for an industry that has been rocked by low commodity prices and faces escalating resistance fossil fuels because of their contribution to climate change.
Only two oil and gas companies — California-based Chevron Corp. and Houston-based Shell Oil Co. — scored perfect scores out of a record-breaking 407 businesses that received top “100” scores. A few power, utility and chemical companies also received perfect scores. Many energy companies scored low or outright refused to participate.
The move Tuesday comes just a week after Marathon offered a separate $400 million cash sweetener to the deal that has faced some investor resistance and tumbling stock values for both Marathon’s acquiring entity, the MPLX pipeline spinoff, and MarkWest. Former MarkWest CEO John Fox has rallied opposition against the deal.
AP) — A hearing on proposed rules for oil and gas drilling in Colorado got off to a contentious start Monday, with critics saying the guidelines were too narrow to do any good or that they didn’t protect property rights.