News
Southern Co. buying Lamesa solar farm
The Southern Co. is acquiring the 102-megawatt Lamesa Solar farm from RES Americas, which is the U.S. subsidiary of the United Kingdom-based Renewable Energy Systems. The solar farm is being financed through a 15-year contract...
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Oil tumbles to below $46 after U.S. inventory report disappoints
Click through the gallery above to see how the oil glut affects the wider economy. U.S. oil prices tumbled below $46 a barrel after a government report showed the nation’s crude inventories didn’t decline as...
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Taking toll of oil’s continued slump
Over the past 15 month, oil and gas companies have written off $200 billion in assets, according to data analysis firm IHS Energy. While $200 billion may seem like a big number, consider the cumulative...
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Methane rules to hit “small, independent oil men,” Railroad Commissioner warns
WASHINGTON — Small oil and gas operators in Texas will be hit the hardest by new Environmental Protection Agency rules reining in methane emissions, Texas Railroad Commission Chairman David Porter testified to Congress Wednesday. During...
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Exxon Mobil technology could cut $200M from yearly petrochemical costs
The new processes could save petrochemical plants $200 million a year through reduced production costs, according to the study released Wednesday from the IHS data and consulting firm. The process involves turning crude oil directly...
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