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Tag: energy

Icahn in activist move takes 13% stake in SandRidge Energy, DJ reports

Icahn in activist move takes 13% stake in SandRidge Energy, DJ reports

Finance
Carl Icahn has bought a 13 percent stake in SandRidge Energy, becoming the latest shareholder to oppose the company's deal to acquire Bonanza Creek, according to a Securities and Exchange Commission filing.SandRidge is an oil exploration and production company based in Oklahoma City. Last week, it announced a $ 746 million deal to buy rival Bonanza Creek. But the activist investor Fir Tree Partners, which owns more than 8 percent of SandRidge, on Monday said it opposed the deal, saying the price is too high.Icahn also has stakes in CVR Energy and Cheniere Energy.Dow Jones first reported the stake, citing sources.Let's block ads! (Why?) Finance
Russian hackers 'targeting UK energy sector'

Russian hackers 'targeting UK energy sector'

Technology
Russia has attempted to attack the UK's media, telecommunications and energy sectors, an intelligence chief has said.Ciaran Martin, the chief executive of the National Cyber Security Centre, a part of GCHQ, said the UK is facing "two significant groups of threats in cyberspace": hostile states and rampant criminality."The Prime Minister sent Russia a clear message on Monday night - we know what you are doing, and you will not succeed," Mr Martin said at a meeting held in London on Wednesday.Theresa May accused Russia of "seeking to weaponise information" as she accused Moscow of meddling in elections and hacking Denmark's defence ministry and the German parliament.She also accused Moscow of "deploying its state-run media organisations to plant fake stories and photo-shopped images in an at...
'Big six' energy firms in advanced merger talks

'Big six' energy firms in advanced merger talks

Business
Two of Britain's "big six" energy suppliers are in advanced talks about a merger that would alter the landscape of the under-fire sector.SSE and Innogy - the German owner of npower - said they had been in discussions about combining their gas and electricity supply businesses in the UK.Any such move would be likely to face a competition probe and consumer Which? said authorities "must take a hard look before allowing any venture to go ahead".If cleared, a deal would see the big six potentially turned into a big five, by consolidating the operations of two of the companies that currently dominate the sector.SSE, which is currently Britain's second largest energy supplier, said: "The discussions between SSE and Innogy are continuing and are well advanced but no final decisions have been take...
Study: More evidence links earthquakes to energy waste wells

Study: More evidence links earthquakes to energy waste wells

Technology
Scientists say they have more evidence that an increase in earthquakes on the Colorado-New Mexico border since 2001 has been caused by wells that inject wastewater from oil and gas production back underground, similar to human-caused quakes in Oklahoma and other states. A paper published last week by researchers at the University of Colorado concluded that the wastewater caused a big enough increase in underground pressure to make rock formations slip along fault lines. "You find that the pressure changes at a given depth are enough to trigger earthquakes," said Jenny Nakai, the paper's lead author and a doctoral student at the university. The paper, published in the Journal of Geophysical Research: Solid Earth, is the latest to link wastewater injection wells to earthquakes. Most oil and...
New York sets high bar for wind energy

New York sets high bar for wind energy

Business
Oct. 26 (UPI) -- The state of New York aims to become a new hub for the wind energy industry with its unique geographical position and ambitions goals, a state leader said.New York ranks 11th in the nation in terms of installed wind energy capacity and is the 15th windiest. As of 2014, the state had 20 wind energy projects in service, with a total capacity of 1.8 gigawatts of capacity. The state set of goal of 2.4 GW by 2030."New York intends to be the preeminent global hub for the next generation of the wind industry," Lt. Gov. Kathy Hochul said during the opening remarks of a wind energy conference. "We're making unprecedented investments in infrastructure and laying the groundwork for the offshore wind industry, which is primed to benefit from New York's talented, ambitious workforce."A...