Energy

Bloomberg After a few years of roughly stable payouts for many of Europe’s energy traders, big bonuses are back for the cream of the crop. The best traders in natural gas to power can look forward to handsome rewards after navigating markets that last year sparked to life with more bullish trends and a good dose of volatility. More people ...

Bloomberg The head of Colombia’s state oil company Ecopetrol said he doesn’t see the need for the government to sell another stake in the company — an idea the finance minister supports. The ministry is weighing the sale of an 8.5 percent stake in Ecopetrol, worth about $3.6 billion. CEO Felipe Bayon said such a sale could take as long ...

Bloomberg Thailand plans to build the world’s largest floating solar farms to pow-er Southeast Asia’s second-largest economy and to boost the country’s share of clean energy. State-run Electricity Generating Authority of Thailand will float 16 solar farms with a combined capacity of more than 2.7 gigawatts in nine of its hydroelectric dam reservoirs by 2037, said Thepparat Theppitak, a deputy ...

Bloomberg The Trump administration imposed a tariff on steel imports last year to get companies to buy more American metal. In some ways, the duty has the US solar business doing the exact opposite. Consider the case of PanelClaw Inc., a supplier of steel racks that hold solar panels in place. Since President Donald Trump slapped tariffs on steel and ...

Bloomberg Husky Energy Inc. fell the most in nearly five months after posting what its chief executive officer called “tough and noisy” fourth-quarter results, which were hurt by a plunge in Canadian crude prices and a spill in its offshore operations. Net earnings dropped 68 percent from a year earlier, to C$216 million ($164 million), as falling crude and fuel ...

Bloomberg About 18,000 megawatts of coal and nuclear plants — enough to power 13.5 million homes — are slated to permanently shut across the eastern US grid. And the region still has enough electricity to keep the lights on, according to the chief executive officer of the grid operator. In fact, “we could sustain essentially in the 30,000 megawatt range,” ...

Bloomberg What started as a strategic oil storage for South Africa during apartheid is now gearing up to attract the biggest traders as it turns into a global center for crude. A venture building a dozen new interconnected tanks on Africa’s southern tip will add to neighbouring government-owned capacity, making it one of the world’s biggest hubs. They are on ...

Bloomberg Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil. Tankers holding 8.36 million barrels of Venezuelan crude worth upwards of a half-billion dollars are floating off the country’s coast as the nation struggles to find ...

Bloomberg India has drawn global attention since it started awarding wind power projects at record-low tariffs, spurring optimism that renewable energy could supplant the nation’s abundant coal resources in electricity generation. But about half of the more than one gigawatt of capacity awarded in the country’s first auctions in 2017 are incomplete, almost five months after their commissioning deadline, according ...

Bloomberg The possibility of Britain exiting the European Union without a deal is coming into sharper focus for power, natural gas and carbon allowance traders as futures for next month start to expire. A no-deal Brexit could rattle traders because of the complicated links that hold the EU energy market together. For example, natural gas produced in Norway can be ...