News

CNBC Energy

We finally know what caused the refinery blast that rocked Philadelphia
The June 21 blaze at a Philadelphia refinery was likely caused by a faulty pipe, according to a preliminary report.

US 'green economy' generates $1.3 trillion and employs millions, new study finds
The "green economy" in America employs more than 9.5 million people, according to the University College London study.

Energy firm backed by Warren Buffett to build a $150 million wind farm in Canada
A corporate partner has inked a long-term power purchase agreement for energy produced by the wind farm.

Researchers develop 'fully autonomous' drones that can inspect and fix wind turbines
As technology develops, drones are being deployed in increasingly sophisticated ways.

Geothermal project gets green light in UK after securing $21 million in funding
Cornwall is already home to one significant geothermal energy scheme.

WorldOil

Chevron’s buyer for UK fields seek funds from commodity traders
A unit of Delek Group Ltd. is seeking alternative means of financing to complete its $2 billion acquisition of some of Chevron Corp.’s North Sea oil and gas assets after initial funding arrangements hit stumbling blocks, according to people familiar with the matter.

SBM Offshore completes US$1.14 billion financing of Liza Unity FPSO
The project financing was secured by a consortium of nine international banks. The company expects to draw the loan in full, phased over the construction period of the FPSO.

Wood appoints new CEO in the Americas
Wood announced the appointment of Stephanie Cox as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and development for the global business.