BP To Invest $200 Million In Solar

BP today announced the acquisition of a 43-percent interest in solar power company Lighthouse for US$200 million, following in the footsteps of peers Shell and Total, which have been very active in the renewables sector recently. Lighthouse is the largest utility-scale solar power development company in Europe, and BP’s investment will be used to fund its international expansion. Forecasts are ...

Source: Oilprice.com

U.S. Oil Rig Count Dips, Ending 5 Week Streak

While OPEC is busy shackling its members’ production to its lowest level in six months, US oil and gas drillers have been rolling up their sleeves and diving into the shale patch, adding active rigs for five straight weeks—up until today, when Baker Hughes reported that active oil and gas rigs in the U.S. had fallen by 1. The ...

Source: Oilprice.com

Tesla Opens New Showroom In NYC

Tesla is opening on Friday a brand-new showroom in New York where it will sell cars, batteries, and solar panels all under one roof, and the new store opening incidentally coincided with a report that said that U.S. residential solar installations are expected to drop by 13 percent this year, after years of double-digit growth. According to the quarterly ...

Source: Oilprice.com

Russia, China Grow Closer As The New Silk Road Unfolds

China's Belt and Road Initiative heralds a new era with mega infrastructure projects dotting the landscape... If you are looking for the latest breakthroughs in trans-Eurasian geo-economics, you should keep an eye on the East – the Russian Far East. One interesting project is the new state-of-the-art $1.5 billion Bystrinsky plant. Located about 400 kilometers from the Chinese border ...

Source: Oilprice.com

Petrobras CEO Hints At New Partner In Oil-Rich Campos Basin

Petrobras chief executive Pedro Parente said at an event yesterday that the company was preparing to announce a partnership for the development of the prolific Campos Basin that would extend its productive life by over four decades. Keeping an air of mystery, Parente did not add any details about the partner or the nature of the partnership—he said only that ...

Source: Oilprice.com

Crescent Point Energy Confirms December 2017 Dividend

CALGARY, ALBERTA–(Marketwired – Dec. 15, 2017) – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) confirms that the dividend to be paid on January 15, 2017, in respect of December 2017 production, for shareholders of record on December 31, 2017, will be CDN$0.03 per share. These dividends are designated as “eligible dividends” [Read More…]

Source: BOE Report