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Equinor profit rises as oil, gas output tops prediction

Bloomberg Norway’s Equinor ASA beat profit and cash-flow estimates after pumping more oil and gas than predicted. First-quarter results at the state-controlled producer cap a mixed series of earnings for the major oil companies as the industry turns a page on the 2014-2017 downturn. Supermajors BP Plc and Royal Dutch Shell Plc met or exceeded estimates thanks to trading gains ...

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India mulls solar tender with a focus on factories

Bloomberg India is considering a new tender to develop solar power equipment manufacturing that doesn’t include a requirement to also generate electricity, a move aimed at sparking investor interest, according to people with knowledge of the plan. In addition to separating manufacturing of solar cells and modules from generation, the government may also offer some form of financial aid. There ...

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Green New Deal could help utilities

Bloomberg An industry that didn’t exactly champion the rise of renewables may be a surprising beneficiary of Alexandria Ocasio-Cortez’s Green New Deal: utilities. The plan pressed by the freshman congresswoman from the Bronx aims to rid America’s power grids of carbon emissions. That could help speed up existing trends in the sector, including coal retirements and the increasing deployment of ...

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