Political upsets in Peruvian regional elections could indicate a national shift to the left — and some business leaders worry that could discourage foreign investment in the country, which has rich natural resources such as oi…
In a sign that large fossil-fuel power plants may be falling out of favor, French engineering company Alstom on Monday announced plans to cut 4,000 jobs in the next 17 months. Alstom cited low demand for its coal and natural-ga…
Sinopec Group (SHI), China’s second-largest oil and gas producer, will invest $7.1 billion in Repsol’s (REP) Brazilian unit.
Sinopec will buy new shares in the Spanish company’s Brazilian unit, giving the Chinese company a 40% stake, Bloomberg News s…
Pacific Gas and Electric (PCG) released a list of 100 high priority gas lines in California, 11 days after a gas main exploded in San Bruno, killing at least four people.
PG&E compiled the list using criteria including potential for corrosion and the potential for third-party damage such as construction, the company said on its website.
The pipeline in San Bruno was not on the…
Continue reading PG&E Releases List of 100 High Priority Gas Lines in California
PG&E Releases List of 100 High Priority Gas Lines in California originally appeared on DailyFinance on Tue, 21 Sep 2010 08:50:00.
Filed Under: Energy, Company News, Technology, People, Green
PG&E shares plunged $4.03 on Friday to $44.21 one day after the blast. Investors continued taking profits on Monday, but the stock then recovered to close up a nickel. Still, the ultimate impact will depend on the investigation…