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US gas imports up despite export boom

Bloomberg The US may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting new imports. A tanker with fuel from Nigeria has berthed at the Cove Point import terminal in Maryland, while a second ship with Russian gas is idling outside Boston Harbor. Pipeline constraints, depleted stockpiles and a 98-year-old law barring foreign ships ...

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Green power is gold dust for utility investors

Bloomberg If you ever needed convincing there’s money to be made investing in renewable energy companies, just look at the best performer this year on Europe’s main utilities index. As a torrid year for global markets draws to a close, Verbund AG almost tripled in value in 2018 and is beating all of its 27 peers to the top spot ...

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Chesapeake Energy shares surge most in two years

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 ...

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