Columbia-based GP Strategies selling business line to Toshiba spinoff for $40M
GP Strategies is selling its EtaPro software platform, which provides asset performance and monitoring for power-generating equipment.
Drilling group notes delays in DEP’s reviewing key earthmoving permit
A DEP spokeswoman told the Business Times that the agency has been working behind the scenes, as recently as this year, to reduce the backlog and said some challenging applications may be taking extra time.
Feds OK Vineyard Wind, first large offshore wind farm in federal waters
The 800-megawatt Vineyard Winds project will be the first major offshore wind farm in federal waters.
South Texas Drilling Permit Roundup: Sanchez successor drilling in Dimmit County
The driller was once ubiquitous in South Texas but that changed after it filed for bankruptcy in 2019.
CBJ Morning Buzz: Activist investor pushing for changes at Duke Energy; Fuel shortage impacts American Airlines flights from CLT
A quick look at what you need to know to start your day, from top news headlines to upcoming events.
CEO: EQT’s $3B acquisition of Houston co. about fit, not scale — and about getting better
It’s also coming on the heels of two other deals EQT has done in recent months, including the $735 million purchase of Chevron Corp.’s Appalachian assets in late 2020 and a much smaller $69 million buy of some Reliance Marcellus assets in southwestern Pennsylvania.
Legislative and regulatory questions dominate Duke Energy earnings call
Duke Energy CEO Lynn Good believes the N.C. General Assembly will consider key energy legislation this session, reassuring analysts who raised concerns that none has yet been introduced nearly five months in.
CPS Energy blasts gas company’s winter storm profits
CPS Energy is suing Dallas-based Energy Transfer, which reported recently $2.4 billion in earnings from Winter Storm Uri.
EQT shares rise to near 52-week high following Alta deal
Also Monday, EQT announced it would offer $1 billion in senior notes in a private placement to help fund the Alta deal.
Legislative and regulatory questions dominate Duke Energy earnings call
Duke Energy CEO Lynn Good believes the N.C. General Assembly will consider key energy legislation this session, reassuring analysts who raised concerns that none has yet been introduced nearly five months in.