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Energy companies News

Record debts come due for struggling Canadian energy industry

The Canadian energy industry has borrowed heavily to survive a series of catastrophes and is facing $6 billion in refinancing in the next six months, the Bank of Canada said in May.

Eight Canadian energy companies booted from main equity index

Toronto - In the latest sign of difficulties facing the country’s oil and gas sector, eight Canadian energy companies were booted out of the S&P/TSX Composite Index on Monday because their market capitalization has dropped below minimum requirements.

Hydrogen power storage development gaining impetus

The global demand for hydrogen storage materials and technologies is growing by leaps and bounds. A number of global energy companies are investing in hydrogen power storage as an optimal choice over lithium-ion batteries.

EU energy companies pledge no new coal-fired plants after 2020

Brussels - In a surprise announcement made at a press conference in Brussels on Wednesday, energy companies from nearly every European Union nation, represented by Euroelectric, have committed to outlawing the construction of new coal-fired power plants by 2020.

Obama plans offshore gas/oil drilling from Virginia to Georgia

Washington, D. C. - Energy companies have long sought the opening of the Atlantic Coast for offshore oil and gas drilling, and the Obama administration gave them approval today. The proposed 2017-2022 offshore plan is the second time Obama has recommended this move.

Investigation Finds Government Department Too Raunchy For T.V.

An investigation of government officials found 13 former and current Interior Department employees in Denver and Washington engaging in sex and gifts improperly with energy companies.
 

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