This post was originally published on this siteNov 7, 2021 (Bloomberg) –FirstEnergy Corp. agreed to sell a stake in its transmission businesses to Brookfield Asset Management Inc. for $2.4 billion. The Akron, Ohio-based utility will sell a 19.9% stake in FirstEnergy Transmission to Brookfield’s infrastructure group, according to a statement Sunday. Separately, FirstEnergy will issue […]

This post was originally published on this siteThe logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. REUTERS/Chen Aizhu Nov 5 (Reuters) – U.S. shale oil firm EOG Resources (EOG.N)said on Friday it aims to begin a carbon dioxide injection program by late 2022 to

This post was originally published on this siteNov 6, 2021 (Bloomberg) The White House and at least 49 senators support a proposal to impose an almost $20 per-ton fee on carbon as part of President Joe Biden’s climate-and-spending legislation, U.S. Senator Sheldon Whitehouse said Saturday. Under the initiative, the cost on carbon dioxide emissions would start

This post was originally published on this site(Bloomberg) Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will continue resisting U.S. pressure to pump faster, according to Vitol Group. Saudi Aramco hiked December prices for customers in Asia, the U.S. and Europe on Friday, a day after OPEC+ stuck to its plan to boost

This post was originally published on this siteNov 7, 2021 (Bloomberg) The Biden administration will be looking at an updated U.S. energy outlook due this week as it weighs options for lowering oil prices, including tapping the Strategic Petroleum Reserve, Energy Secretary Jennifer Granholm said. Granholm’s comments on CNN’s “State of the Union” on Sunday suggest

This post was originally published on this siteNov 5 (Reuters) – Enbridge Inc (ENB.TO) reported a better-than-expected quarterly profit on Friday, as a rebound in demand for crude oil and products from a pandemic-hit low, boosted volumes on its pipelines. Pipeline operators have been enjoying a recovery in shipment volumes owing to oil prices touching multi-year

This post was originally published on this siteHOUSTON, Nov. 05, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved its WR Project (the Project), a set of projects anticipated to constitute a total capital investment of approximately US$0.8 billion. The Project is designed

This post was originally published on this site(Bloomberg) Energy Day at COP26 produced a couple of deals meant to phase out fossil fuels and bring in clean energy. But the agreements — crafted as part of the U.K.’s effort to “consign coal to history” — were soon looking a bit thin.The coal pact didn’t include the U.S. or

This post was originally published on this siteNov 5, 2021 (Bloomberg) There’s a significant risk that the number of energy suppliers in the U.K. could plunge to just five or six by April as rising prices put unbearable pressure on utilities’ balance sheets, a prominent industry executive said. Suppliers with clients on tariffs linked to the

This post was originally published on this siteNov 5, 2021 (Bloomberg) For U.S. President Joe Biden, the easy part was threatening a response. Now comes the tougher challenge of delivering one.When last week Biden pressed OPEC+ to bring oil prices down with a large output hike, he warned of consequences if the cartel rejected his appeal: