Energy

Bloomberg Petrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system being sold as part of a wider push to raise cash through divestments, said people knowledgeable on the matter. Mubadala Development along with EIG Global Energy Partners are leading one group while Sydney-based Macquarie Group Ltd. leads another that submitted bids for Transportadora Associada de …

Bloomberg US energy regulators embarked upon a wide-ranging review of how interstate natural-gas pipelines are approved, amid concerns that current guidelines have become outdated following the shale boom. The Federal Energy Regulatory Commission will examine the use of eminent domain, how the need for a pipeline is assessed and the extent to which greenhouse gas emissions should be taken into …

FRANKFURT / Reuters Investment in new European wind farms and equipment is expected to increase this year after a sharp drop in 2017, helped by several large project auctions, according to a major industry body. Spending is forecast to rise 4 percent to 23.2 billion euros ($28.7 billion), WindEurope said in its financing report, after a 19-percent decline in 2017 …

SHANGHAI / WAM Saudi Arabia’s ACWA Power and China’s Shanghai Electric have signed an Engineering, Procurement, and Construction (EPC) contract for the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), said, “I am pleased to be here today (Saturday) in Shanghai …

Bloomberg Google, already the world’s biggest corporate buyer of wind and solar power, may soon be making another clean energy bet — this time, on batteries. “We would like to do something in 2018,” Neha Palmer, head of energy strategy at the Alphabet Inc. unit, said in an interview at the Bloomberg New Energy Finance Future of Energy summit in …

Bloomberg Singapore’s state-owned natural gas importer brought in its first cargo of a super-chilled form of the fuel for domestic use. Pavilion Energy Pte, owned by Singapore’s Temasek Holdings Pte, unloaded the liquefied natural gas cargo from the tanker Al Oraiq. Pavilion last year became one of two companies, along with Royal Dutch Shell Plc, to be granted a license …

Bloomberg On the gusty Oklahoma Panhandle, a fight is escalating over a $4.5 billion wind power project that stands to reshape the way Americans pay for clean energy. Across 300,000 acres (121,206 hectares) utility giant American Electric Power Co. is trying to pull off something no other company has attempted at this scale: It wants to build the nation’s largest …

Bloomberg Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power development that’s exponentially larger than any other project. SoftBank founder Masay-oshi Son, known for backing ambitious endeavors with flair, unveiled the project in New York at a ceremony with Saudi crown prince Mohammed bin Salman. The kingdom is seeking to diversify …

Bloomberg South Africa delayed signing agreements for renewable-energy projects worth 56 billion rand ($4.7 billion), after a court postponed a ruling on a labor union application to block the deals. The National Union of Metalworkers of South Africa and Transform RSA applied for an interdict to prevent state-owned utility Eskom Holdings SOC Ltd. from signing 27 power purchase agreements that …

Bloomberg China’s thirst for overseas energy investments is slaking, at least by one tally. The nation’s financing for so-called Belt and Road Initiative energy projects dropped 28 percent to $14.3 billion last year from $19.9 billion, according to data released on Monday by Boston University’s Global Development Policy Center. Spending last year included investments in gas pipelines in Malaysia, coal …