LOS ANGELES— The Southern California Gas Co. agreed Wednesday to pay $8.5 million to settle a lawsuit over a well blowout that spewed natural gas for nearly four months and drove thousands of residents from their Los Angeles homes. The utility signed an agreement with the South Coast Air Quality Management District to fund a study about health impacts from the...
Royal Dutch Shell posted its worst annual profit in more than a decade.
Greg Gordon, Evercore ISI, talks about the poor performance in utilities after the election as well as where he sees opportunities in the sector and what to avoid.
DAR ES SALAAM, Dec 31- Tanzania's energy regulator has approved a power tariff hike of 8.53 percent by the state-run utility, less than half of what the utility said it needed to stem losses. The regulator said the average tariff would now be increased from 242.34 Tanzania shillings per kilo-watt hour to 263.02 shillings/ kwh. The cash-strapped public utility has...
Italy's upcoming referendum could catalyze repercussions Europe-wide, according to the chief executive of Italy's biggest utility.
TOKYO, Nov 4- Forced into action by falling customers due to market liberalization and a shrinking population, Japan's utilities are ditching old long-term coal and gas supply contracts in favor of more short-term, opportunistic trading. It could also help Japan, the world's biggest LNG buyer and the No.3 importer of thermal coal, meet its goal of becoming an LNG...
The storm's potential in Florida to disrupt gasoline supply is prompting many to find gas stations are out of fuel.
Sept 19- More wells passed safety inspections at the Aliso Canyon natural gas storage facility in Los Angeles, Southern California Gas Co said on Monday, but the company has more work to do before it can inject gas into the giant field the utility shut last fall due to a massive methane leak that was not plugged until February. Under state law, SoCalGas cannot inject...
Shares of Praxair jumped Tuesday after confirmation the U.S. firm was in talks for a potential merger with German industrial gases group Linde.
Industrial gas supplier Praxair is in early talks to merge with Germany's Linde, according to a person familiar with the matter.
Pacific Gas & Electric was found guilty of federal charges stemming from a natural gas pipeline explosion in California that killed eight people.
Volkswagen's stocks popped nearly 3 percent after a proposed recall plan was rejected by California regulators.
This Fourth of July holiday weekend could fuel some of the highest demand for gasoline ever, according to Opis.
The country is dealing with fuel shortages at gas stations across the country as protests disrupt supply.
Toshiba said it has sued five former executives over a $1.3 billion accounting scandal, and the company reported a quarterly operating loss.
Almost $43 million of US taxpayers' money was spent to build one gas station, according to a government watchdog.
Connected device company Nest Labs will release a 3rd version of the Learning Thermostat. Re/code reports.
James Cordier, OptionSellers.com, provides perspective to his outlook on energy prices.
Venture capitalists have invested over $1 billion in this clean-tech darling that uses fuel cells to convert natural gas into electricity.
Solar's big heyday may be just three years away as the unsubsidized cost of panels plus storage will cost less than the grid in some areas, Bernstein said.