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
Grafissimo/E+ via Getty Images California Resources (NYSE:CRC) said Monday it completed its all-stock combination with Aera Energy announced in February, after an issuance of shares needed to close the deal was approved by CRC shareholders at a special meeting held on June 26. California Resources (CRC) said pro forma combinedContinue Reading
The Energy Select Sector SPDR Fund ETF (NYSEARCA:XLE), which tracks the energy sector, fell 4.5% in the second quarter of 2024, exactly opposite to the performance of the broader S&P 500 index (SP500), which rose 4.6% during the same period. The fund, composed of companies that are into oil production,Continue Reading
kodda The U.S. Supreme Court issued two highly consequential decisions this week that upended the government regulatory framework in place for decades, with ramifications for environmental and energy policy. First, the Supreme Court discarded a 1984 precedent from the case Chevron v. Natural Resources Defense Council, which had provided significantContinue Reading
Airubon/iStock via Getty Images Clean energy stocks posted broad losses in Friday’s trading following last night’s presidential debate, a potential sign that investors are starting to price in a victory for Donald Trump after President Biden’s widely criticized showing. First Solar (NASDAQ:FSLR), considered one of the biggest winners of theContinue Reading
vchal/iStock via Getty Images NANO Nuclear Energy (NASDAQ:NNE) +41.5% in Friday’s trading after the company noted the recent passage by the U.S. Senate of the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act to boost advanced nuclear technology deployment. The company said the ADVANCE Act “plays exactly intoContinue Reading
NiseriN/iStock via Getty Images Repsol (OTCQX:REPYY) (OTCQX:REPYF) is in talks to merge its U.K. North Sea oil and gas business with private equity-backed NEO Energy, with a deal potentially to be announced within weeks, Reuters reported Friday. A merger would create a company with production of more than 110K boe/day,Continue Reading
