MADRID— Spain's leading electricity and natural gas company, Iberdrola, will buy the northeastern U.S. utility UIL Holdings Corp. in a deal valued at about $3 billion, the companies said Thursday. The combined company will serve 3.1 million electric and natural gas customers in Connecticut, Maine, Massachusetts and New York. Iberdrola USA's utilities will be...» Read More
SINGAPORE, Oct 27- Liquefied natural gas exports from the United States will remain competitive versus supplies from traditional producers of the fuel until oil prices fall to $70 a barrel, said a senior executive with Japanese gas utility Osaka Gas Co on Monday. Prior to crude prices tumbling a quarter from this year's peaks in June, several Asian buyers,...
ISIS makes its fortune by selling oil from seized territory to its enemies, NBC News reports.
TOKYO, Oct 7- Japan's reboot of nuclear power, expected to begin early next year, is set to punish oil imports the most as utilities slash the use of their highest-cost fuel and shut aging oil-fired plants, a survey of Japan's nine biggest power companies showed. Utilities in Japan are keen to close oil-burning units, not only because crude and fuel oil are their most...
According to GasBuddy, 10 percent of the nation's gas stations are now selling gasoline at less than $3 a gallon.
NEW YORK, Sept 28- NiSource Inc on Sunday announced its board had approved plans to split into two publicly traded companies, separating its utilities and pipeline businesses, with the new company taking the form of a master limited partnership.
MOSCOW, Sept 23- Gazprom Energoholding, the utility unit of Russia's top natural gas producer Gazprom, is planning an initial public offering of its shares in 2016, when foreign capital markets may become more open to Russian firms, its director general said.
Wisconsin Energy struck a $5.71 billion deal to buy Integrys Energy, creating a larger, more diverse electric and natural gas company.
Imagine a line of cars waiting to use an EV charging station and weeds growing on an abandoned Exxon lot. That's ChargePoint's vision.
Nuclear power producer Exelon Corp. said it would buy Pepco Holdings for $6.83 billion to create the biggest mid-Atlantic electric and gas utility.
The U.S. average price of gasoline rose by 5 cents during the past two weeks, caused by the jump in the price of ethanol used to make gasoline.
Liberum's Peter Atherton says U.K. energy companies could keep tariffs flat come next September, after Centrica reported that 360,000 of its customers quit in the fourth quarter due to price hikes.
Several utility companies have recently announced increases in their retail electricity rate as they struggle to meet peak periods of demand.
To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.
In the latest "despicable scam," fraudsters threaten to shut off your power unless you fork over cash.
If you've noticed your utility bills falling, there's a good reason. Surging natural gas production in the U.S. has had one benefit already: curbing or even cutting power costs.
Kingsley Jones, Founder and CIO, Jevons Global tells CNBC's Cash Flow why he thinks the U.S. is on the verge of re-industrialization.
Gasoline prices are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.
Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.
Gas prices are rising because demand is rising in the developing world, which is a more consistent and growing pressure than fluctuating tensions in the Middle East, the Christian Science Monitor reports.
President Obama is focusing on Americans' anxiety over rising gasoline prices, taking credit for rising oil and gas production.