Shares of Southwestern Energy Co. rose 0.9% in premarket trading Wednesday, after the oil and gas production company announced an agreement to buy Indigo Natural Resources LLC for $2.7 billion. The deal for Indigo, which is the third largest private natural gas producer in the U.S., is expected to close in the fourth quarter of 2021. The total cost of the deal will include $400 million in cash, $1.6 billion in Southwestern stock and $700 million of assumed 5.375% senior debt due 2029....
Natural-gas futures rallied on Friday, buoyed by warmer weather forecasts that are likely to boost demand for the commodity from power generators. "Demand is variable, with low load demand expected to persist through the weekend amid milder conditions, but then reverse higher next week with the return of hotter conditions," said Marshall Steeves, energy markets analyst at IHS Markit. July natural gas rose 15 cents, or 4.7%, to settle at nearly $3.30 per million British thermal units. That was...
The Illinois Senate failed to reach an agreement Tuesday on a massive energy policy overhaul that would put power customers on the hook for a nearly $700 million bailout of three nuclear plants owned by the parent company of scandal-plagued Commonwealth Edison.
American offshore wind is on the verge of a breakthrough. While the industry has been stuck in regulatory purgatory for much of this century, the recent approval of the Vineyard Wind project, America’s first major offshore wind farm, is set to change that. The next decade will be crucial for the success of the industry, and in turn, the United States's efforts to fight climate change. Despite a slow start and a number of hurdles to tackle, the U.S. could be a world leader in this arena.
By Morgan Peterson “The relationship between Native nations and their environment is sacred. It is the foundation of their cultures [
Tristan Abbey Contributor Share on Twitter Tristan Abbey is President of Comarus Analytics LLC. He served as senior policy advisor at the U.S. Senate Committee on Energy and Natural Resources and as director for strategic planning at the National Security Council. No single question bedevils American energy and environmental policy more than nuclear waste. No, [
There are all kinds of moving parts in the multi-party, omnibus energy bill expected to be finalized next week in Springfield. Columnist David Greising explains why it matters for taxpayers.
The new board member is likely to join two other candidates put forward by an activist investor who were declared winners last week.
When Diana confronted him about his affair with his now-wife Duchess Camilla, the future king's reaction was "to shrink back."
If the project works, it could produce virtually limitless energy without radiation risks or carbon emissions.