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Democratic presidential hopeful Klobuchar proposes revamping EPA ethanol rules

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WASHINGTON (Reuters) – Democratic presidential hopeful Amy Klobuchar on Saturday called for revamping the Environmental Protection Agency’s (EPA) rules governing how refineries use ethanol in gasoline products, a proposal aimed at the politically critical state of Iowa. FILE PHOTO: U.S. Senator Amy Klobuchar declares her candidacy for the 2020 Democratic presidential nomination in Minneapolis, Minnesota, Read More

Ohio House committee passes bill to save nuclear power plants

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(Reuters) – A committee in Ohio’s House of Representatives voted along party lines to approve a bill to save the state’s two nuclear power reactors from retirement and provide some financial support for a couple of ailing coal plants. Republicans in the House Energy and Natural Resources Committee approved the bill on Thursday after changing Read More

U.S. Well Services Finalizes $55 Million Sale of Convertible Preferred Stock to Fund Electric Frac Fleet Expansion

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HOUSTON, May 24, 2019 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (Nasdaq: USWS) today announced that it had finalized the $55 Million sale of newly issued Convertible Preferred Stock (or “Preferred Stock”) through a private placement with institutional investors. The financing provides further liquidity to help the Company fund ongoing growth initiatives in connection with Read More

Petrobras to deliver first VLCC cargo to its China bonded storage by end-June

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Singapore — Brazil’s Petrobras is scheduled to deliver a VLCC crude cargo to bonded storage facilities it has leased at Qingdao port in China’s eastern Shandong province by end-June, according to a port source with knowledge of the vessel and ship tracking data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Cequence Energy Announces Proposed Debt Transaction Private Placement and Credit Facility Renewal Update

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CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce a proposed debt restructuring transaction, private placement and credit facility renewal update. Under the terms of a first amending agreement to the Company’s $60.0 million Term Loan entered into between the Company and the Read More

Exclusive: EPA to unveil less ambitious U.S. biofuel credit reform – sources

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WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency plans to unveil a narrowed-down version of its proposed biofuel credit market reform this month after regulators concluded many of the agency’s initial ideas required more time to study, according to four people briefed on the matter. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign Read More

Senegal imports turbines for West Africa’s first big wind farm project

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DAKAR (Reuters) – Senegal started importing turbines for its first large-scale wind farm on Thursday, the biggest such project in West Africa that will supply nearly a sixth of the country’s power. Privately-owned British renewable power company Lekela expects the wind farm, located in Taiba Ndiaye, about 100 km from the capital Dakar, to reach Read More

Deutsche Bank CEO pledges tough investment bank cuts as shares hit low

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FRANKFURT (Reuters) – Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low. Ranked as one of the most important banks in the global financial system, the bank has been plagued Read More

Deutsche Bank CEO readies investment bank cuts as stock hits low

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FRANKFURT (Reuters) – Deutsche Bank’s chief executive is prepared to make “tough cutbacks” in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive. CEO Christian Sewing delivers a speech during the annual shareholder meeting of Germany’s largest business bank, Deutsche Bank, in Frankfurt, Germany, Read More

Oxy Low Carbon Ventures, Carbon Engineering begin engineering of the world’s largest Direct Air Capture and sequestration plant

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5/22/2019 Photo: Smokestack. HOUSTON and SQUAMISH — Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental, and Carbon Engineering Ltd. (CE), a Canadian clean energy company, has announced they are jointly proceeding with the engineering and design of the world’s largest Direct Air Capture (DAC) and sequestration facility. The companies are evaluating a facility Read More