Tag Archives: energy

US is well on its way to Trump’s goal of ‘energy dominance,’ says Marathon Petroleum CEO

President Donald Trump’s goal of making the United States a global superpower in energy is starting to come true, Marathon Petroleum Corp. Chairman and CEO Gary Heminger told CNBC on Tuesday. “When I look at the president’s theme to begin with and the beginning of his administration, he wanted to have energy dominance in the U.S. and I believe that ... Read More »

Constellation Energy’s “Dimes to Dollars” Webinar Provides Energy Conservation Tips for SMB’s

From changing the light bulbs you use to choosing tools to help you win the thermostat wars in the office and more, there’s a wide range of options when trying to keep energy costs low for your business. That’s why Constellation Energy and Small Business Trends have teamed up to bring you this webinar, “Dimes to Dollars: Use Apps, Conserve ... Read More »

Sensex Extends Gains, Rises Over 300 Points; Energy Stocks Rally

The Sensex and Nifty rose more than 1 per cent on Wednesday, recouping most of the losses in the previous session, led by gains in financials such as Housing Development Finance Corp, while metal stocks climbed on higher prices for the commodity. Sentiment was also supported by a recovery in broader Asia as concerns stemming from North Korea’s firing of ... Read More »

Flooding from Harvey the biggest risk to U.S. energy sector

 Refinery problems tied to the flooding from Tropical Storm Harvey and pipeline outages pose the biggest source of sector disruptions, Goldman Sachs said. Tropical Storm Harvey picked up pace and strength as it moved out of southern Texas overnight. The storm is on track to move east toward Louisiana and the Lower Mississippi Valley through Friday. The threat of flooding for the Houston metropolitan ... Read More »

Is ENERGY STAR® Worth It for Small Businesses?

Making smarter choices when it comes to your energy use can help you run your business more efficiently and can have a big impact on your small business. One way to do that is by looking for the blue ENERGY STAR label when selecting new pieces of equipment or building your business from the ground up. ENERGY STAR is designed ... Read More »

HK tycoon makes $5.4bn offer for Australian energy firm

Cheung Kong Infrastructure (CKI) has made an unsolicited offer to acquire Australian energy firm Duet Group for $5.4bn (£4.2bn). CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing. The offer represents a 28% premium on Duet’s share price, when last traded on Friday. Any formal bid by CKI would be subject to approval from Australia’s Foreign Investment Board ... Read More »

Oil industry faces boom-and-bust, warns IEA energy group

A new oil industry boom-and-bust cycle is likely if the current reduction in new investment is not reversed, says the International Energy Agency. The IEA says unless more money is spent exploring for, and developing, new oil fields, then demand may outstrip supply in the early years of the next decade. That could see oil prices surging again, says the ... Read More »

Opec plans fresh oil price talks says energy minister

Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices, according to Algeria’s energy minister. Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of an energy conference in Algiers on Wednesday. “We will not come out of the meeting empty-handed,” the minister ... Read More »

Wall Street opens higher as oil prices boost energy shares

Wall Street opened higher on Tuesday, tracking global equities, as investors’ appetite for risk increased and as oil prices rose, boosting energy shares. Oil was up about 1.5 percent, driven by supply disruptions in Canada and elsewhere that have knocked out 2.5 million barrels of daily production and overshadowed fears of oversupply. World stock markets also rose, helped by solid ... Read More »

Top lobbying group in historic green energy U-turn

Energy UK, which represents big six providers, says it now supports phasing out coal-fired stations, after years of defending use of fossil fuels Wind turbines at WE Niederaussem coal-fired power station in Germany. The UK has been urged to create its own version of Germany’s energy transition programme. Photograph: Volker Hartmann/Getty Images The UK’s biggest energy lobbying group has shifted ... Read More »