January 3, 2018

From Reuters Dominion Energy Inc said on Wednesday it would buy Scana Corp in an all-stock deal worth about $7.9 billion, offering the utility a way out of dealing with unhappy customers and federal investigations following a failed nuclear project. Dominion will pay Scana’s customers $1.3 billion, averaging about $1,000 for each customer, and has promised to cut bills by

From Bloomberg Oil approached $62 a barrel for the first time in three years, surpassing a crucial threshold for spurring new shale drilling. Wednesday’s 2.1 percent jump in New York-traded futures delivered exactly what the largest cohort of oil executives in a Dallas Federal Reserve survey last month said they needed to justify more shale exploration: prices above $61. If

From The Washington Post Plans for an underground natural gas liquids storage hub pegged as a major job creator for the chemical industry in struggling Appalachia have cleared their first big hurdle. The Appalachia Storage & Trading Hub initiative got approval Wednesday for the first of two application phases for a $1.9 billion U.S. Department of Energy loan, the Appalachia