Energy

Bloomberg Chesapeake Energy Corp shares rose the most in two years after board member Archie Dunham, former chief executive of ConocoPhillips’ predecessor company, bought more than $4 million in additional stock. Dunham purchased 2.1 million shares December 21, according to a filing with the US Securities and Exchange Commission, nearly doubling his position this month to over 1 percent of ...

Bloomberg Renewable energy in Germany probably matched or beat coal power generation for the first time, aided by favorable 2018 weather that boosted wind and solar capacity. The balance of German electricity generation is a closely watched measure by the government, which has funnelled billions of euros towards boosting the renewable energy in recent years. The estimates, which showed wind, ...

Bloomberg China last month imported two tankers of US liquefied natural gas, nudging open a doorway that had been closed shut for a month at a time when America is rapidly expanding its ability to export the heating fuel. The three operating US terminals soaked up more than 5.1 billion cubic feet of natural gas from American shale basins, the ...

Bloomberg An Italian construction company just sold its lease to develop a wind farm in waters off the New Jersey coast for $215 million, about 21,000 percent more than it paid only three years ago. Toto Holding SpA’s US Wind unit, which paid about $1 million for the lease off Atlantic City in 2015, resold it to Electricite de France ...

Bloomberg Three of Europe’s largest power suppliers will need to draw up new strategies after the collapse of a deal to merge the retail units of SSE Plc and Innogy SE operating in the UK. Combining the two would have been an ambitious task. The outlook darkened with laws limiting the bills consumers pay for electricity and natural gas, leaving ...

Bloomberg Solar-panel makers had an awful 2018, but their customers really enjoyed it. Module manufacturers lost about 40 percent of their market value this year, even as the number of installations hit another record. The problem? Most makers are having to sell solar modules for below cost to compete with Chinese supplies. That’s helped buyers of solar power, which in ...

Bloomberg Wartsila Oyj’s East African unit submitted bids for engineering, procurement and construction contracts to develop grid-connected solar farms in Kenya. The East African nation, which has an electricity sup-ply deficit, is boosting production from renewable sources including wind and geothermal as it cuts reliance on expensive diesel-powered plants. There are about 15 utility-scale solar projects announced in Kenya with ...

Bloomberg China signalled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell Plc new opportunities to develop fields in partnership with the nation’s biggest offshore explorer. China National Offshore Oil Corp (CNOOC) said in Beijing on Tuesday that it had inked oil and gas accords with nine firms. The signing ceremony followed ...

Bloomberg Xinyi Energy Holdings Ltd, an owner and operator of solar farms in China, is postponing a Hong Kong initial public offering of as much as $582 million, according to people with knowledge of the matter. The unit of Xinyi Solar Holdings Ltd has no timetable for relaunching the deal, said one of the people, who asked not to be ...

Bloomberg Marubeni Corp, the Japanese trading house for whom coal makes up about a quarter of its power generation, never expected renewable energy prices to plunge as much as they have. Seizing those falling costs, the company plans to add 1 gigawatt of clean energy over the next five years as it halves its coal-fired generation by 2030, according to ...