Energy Industry News -
Home » Archives by category » Energy Industry News

Florida utility FPL warns of prolonged power outages due to Hurricane Irma

Florida utility FPL warns of prolonged power outages due to Hurricane Irma

Florida Power & Light Company (FPL) has advised its customers to wrap up with their safety preparations and brace up mentally for widespread and prolonged power outages owing to the impending Hurricane Irma which is bound to arrive near Southwest Florida. The Florida electric utility predicts that it expects millions of customers to lose power […]

Macquarie to acquire Cargill’s power and gas business in North America

Macquarie to acquire Cargill’s power and gas business in North America

Australia-headquartered global investment banking, Macquarie Group has agreed to acquire the North America Power and Gas business of US-based Cargill for an undisclosed price. Cargill’s North America Power and Gas maintains offices in Calgary, Houston and Minneapolis in the US. The latest transaction between Macquarie and Cargill is likely to close in the course of […]

Pembina Pipeline to acquire Veresen to create energy infrastructure leader

Pembina Pipeline to acquire Veresen to create energy infrastructure leader

Pembina Pipeline will acquire its rival Canadian energy infrastructure company Veresen for about USD 7.1 billion in what will be a stock cum cash takeover deal to create a major North American energy infrastructure company. Pembina Pipeline Acquisition of Veresen After the Pembina Veresen merger, the combined company will boast of a diversified portfolio of pipelines […]

China Power Plant Collapse : 67 workers killed in Fengcheng, Jiangxi

China Power Plant Collapse : 67 workers killed in Fengcheng, Jiangxi

Around 40 people lost their lives when a part of power plant under construction suddenly collapsed in China on Thursday morning near Fengcheng in the Jiangxi province at 07:00 AM (23:00 GMT). The number of casualties in the China power plant collapse has been updated to 67 on November 25, 2016. In the official news reported by […]