luismmolina/iStock via Getty Images Kosmos Energy (NYSE:KOS) +1.9% in early trading Wednesday after announcing the start-up of oil production from two development wells at the Winterfell field in the U.S. Gulf of Mexico. A third well at Winterfell is currently being drilled and anticipated to come by the end ofContinue Reading
Hertz Energy (OTCQB:HZLIF) on Wednesday said it has terminated the option assignment agreement dated August 4, 2023 among the company, Brascan Resources, BHBC Exploracao Mineral LTDA, and RTB Geologia e Mineracao LTDA. Following the termination of the agreement, the company has relinquished its option to acquire the Patriota Lithium ProjectContinue Reading
Dobresum/iStock via Getty Images Constellation Energy (NASDAQ:CEG) is in talks with the Pennsylvania lawmakers to help fund a possible restart of part of its Three Mile Island nuclear power facility, Reuters reported late Tuesday. The unit reportedly under consideration to be restarted is separate from the reactor that melted downContinue Reading
Petmal/iStock via Getty Images Eos Energy Enterprises (NASDAQ:EOSE) +7.3% in Tuesday’s trading after announcing an expansion of its existing agreement with Indian Energy, which represents the company’s largest order funded by the California Energy Commission. The expansion adds 25 MWh of storage to the existing 35 MWh order for anContinue Reading
Neilson Barnard/Getty Images Entertainment Carl Icahn-controlled CVR Energy (NYSE:CVI) has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum, Reuters reported Tuesday. A U.S. court in Delaware is auctioning the shares to pay creditors that have $21.3B in claims against Venezuela’s governmentContinue Reading
inakiantonana/E+ via Getty Images Investors should take advantage of recent weakness to buy select stocks in the clean tech and renewable energy space, including NextEra Energy (NYSE:NEE), Morgan Stanley analysts said Tuesday, as the bank re-evaluates implications for clean energy in various election outcomes. Analysts led by Andrew Percoco seeContinue Reading
hanhanpeggy/iStock via Getty Images SLB (NYSE:SLB) and TotalEnergies (TTE) unveiled a 10-year partnership Tuesday to co-develop scalable digital solutions for enabling access to energy resources, establishing a framework to work together on addressing key challenges across the energy value chain, including carbon capture, utilization and sequestration. The companies said theyContinue Reading
Talen Energy (OTCQX:TLNE) Tuesday said that it has executed an agreement to complete the repurchase of about 2.4 million shares of its outstanding common stock from affiliates of Rubric Capital Management LP at a purchase price of $116.00 per share, for an aggregate purchase price of approximately $280 million. TheContinue Reading
stanciuc Kayne Anderson Energy Infrastructure Fund’s (NYSE:KYN) unaudited net asset value was $2 billion, or $11.79 per share, as of June 30. Its asset coverage ratio with respect to senior securities representing indebtedness was 621%, and its coverage ratio for debt and preferred stock was 453%. More on Kayne Anderson Energy Infrastructure FundContinue Reading
keni1/iStock via Getty Images Coal company stocks scored strong gains Monday following news of the weekend explosion at Anglo American’s Grosvenor steelmaking coal mine in Australia, which is expected to suspend production at the country’s largest metallurgical coal project for several months. Among the day’s big gainers: Peabody Energy (NYSE:BTU)Continue Reading
