Tag: energy
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Höegh LNG Partners reaches agreement with lenders to defer maturity date of the commercial tranche of its PGN FSRU Lampung debt facility
I’m not sure if this is good news or bad news. They don’t expect the refinancing to have better terms than the current debt. Therefore, if that is true, it will have a negative impact on unitholders. Höegh LNG Partners LP (HMLP) announced that it has entered into an agreement with its lenders to defer…
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Royal Dutch Shell to sell $9.5 billion oil field to Conoco Phillips
Royal Dutch Shell RDS.A -2.16% PLC is close to a deal to sell assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion, according to people familiar with the matter. The deal could come Monday, assuming talks don’t fall apart, the people said. It comes as Shell is attempting to cut its carbon…
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China starts closing their doors
Market drops 2%, China starts closing off, Microsoft buybacks, Social Security COL, Wind power blows in the UK, and more!
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Oil jumps over $2 on Wednesday
Oil prices rose over $2 on Wednesday after industry data showed a larger-than-expected drawdown in U.S. crude inventories and on expectations demand will rise as vaccination roll-outs widen. Brent oil rose $2.14, or 3%, to $75.75 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $2.28, or 3.2%, to $72.74 a barrel. Brent hit its highest levels…
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Chevron to triple low carbon investments
The San Ramon, Calif., oil giant is pledging to spend $10 billion through 2028 on biofuels, hydrogen production, carbon capture and other technologies, up from a prior commitment of around $3 billion. Mr. Wirth said in an interview that the spending boost reflects optimism in Chevron’s new energies unit, announced in July to oversee the…
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Wind power blows… or doesn’t as the case may be
I stand on the opinion that the best source of “carbon neutral” energy is nuclear. It’s reliable always-on energy that is safer than ever before with modern reactors that don’t produce much nuclear waste. The sudden slowdown in wind-driven electricity production off the coast of the U.K. in recent weeks whipsawed through regional energy markets.…