U.S. renewable energy capacity to more than double by 2040, EIA forecasts
A new report from the U.S. government predicts the amount of renewable energy on the electricity grid will more than double by 2040 to close to 500 gigawatts of capacity. That presumes the Obama administration’s...
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National Oilwell Varco scoops up Trican business
While not one of the biggest financial moves, the purchase positions NOV to expand more into the onshore shale markets. NOV is an oil field services and rig manufacturing giant that often has invested more...
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OPEC keeps status quo after failing to agree on output cap
OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling. Crude extended its decline in London. The meeting didn’t produce a supply accord but did...
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C&J Energy gets temporary reprieve on debt default, potential bankruptcy
The once rapidly growing oil field services company is exploring potential assets sales and restructuring as alternatives to filing for Chapter 11 protection. Source: FuelFix
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Market Currents: OPEC crude oil loadings ripping higher
Sixty-two years after Linus’ security blanket made its debut in the Peanuts comic strip, and the oil market is looking to tomorrow’s OPEC meeting to provide some comfort and price support (it is absent thus...
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