Energy Update
July 28 (Reuters) - Pipe and valve maker Weir Group Plc
said Chief Executive Keith Cochrane would step down,
and reported a 25 percent fall in first-half pretax profit as
oil and gas companies cut spending to counter weak commodity
prices.
PARIS, July 28 (Reuters) - French oil services company
Technip said on Thursday plans to cut spending due to
the fall in oil prices were ahead of schedule as it reported
better-than-expected second quarter revenue.
PARIS, July 28 (Reuters) - French oil and gas company Total
said it had met its cost saving target ahead of
schedule as it reported a better-than-expected rise in second
quarter net profit led by increased output and a rebound in oil
prices.
PARIS, July 27 (Reuters) - French oil and gas company Total
said it had met its cost saving target ahead of
schedule as it reported a better-than-expected rise in second
quarter net profit led by increased output and a rebound in oil
prices.
PARIS, July 28 (Reuters) - French oil services company
Technip said on Thursday plans to cut spending due to
the fall in oil prices was ahead of schedule as it reported a
better-than-expected second quarter revenue.
The expanded Panama Canal will allow US LNG producers to deliver their cargoes to select destinations in South America and Asia faster and cheaper.
NEW YORK, July 28 (Reuters) - For the oil industry, Yahoo
Inc's decision this week to sell its core business to
Verizon Communications Inc for $4.8 billion does not
matter all that much. Their world already changed a few months
ago, when the company said it would jettison its messaging
system that has been the norm for oil traders since the late
1990s.
In the past, most of the growth in large renewable energy installations was carried out by independent developers. Today, the typical developer’s business model is based on capturing the yield arbitrage between early stage projects and operating assets (or a middle point in the development process) due to different risk profiles. But the collapse of SunEdison seems like the nail in the coffin for this business model.
In most states, a city wanting to change its energy future has two options: beg its utility or form its own. But one state-level policy opens a third way for cities to have more choice over their energy options: community choice aggregation (CCA).
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