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Exxon Mobil to buy InterOil for $2.5 billion

Exxon Mobil

DALLAS (AP) — Exxon Mobil Corp. emerged Thursday as the winning bidder for InterOil Corp., which has natural gas holdings in Papua New Guinea. Exxon said it will pay $2.5 billion for InterOil in a deal that will complement its large liquefied natural gas facility in the country. Exxon hopes to capitalize on growing demand for cleaner fuels in Asia. ...

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Redevelopment of former Burlington coal plant in jeopardy

coal-fired power, carbon capture

BURLINGTON, Vt. (AP) — Officials say plans to redevelop the former Moran coal plant in Burlington, Vermont, may be in jeopardy. The Burlington Free Press reports that officials in Mayor Miro Wienberger’s office and officials with New Moran Inc., the company tasked with overseeing the redevelopment, emailed the newspaper to say that the future of the plant is being reevaluated. ...

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Idaho Power eyes state’s first utility-owned solar plant

solar, University of Denver student initiative

BOISE, Idaho (AP) — Idaho Power is looking to build the state’s first utility-owned solar power project. The company recently filed an application with the Idaho Public Utilities Commission seeking approval for its Community Solar Pilot Program. The proposed 500-kilowatt solar array would be built southeast of Boise and power about 1,000 homes and 500 businesses. The company in an ...

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Survival in today’s oil and gas climate means changing with the times and being an innovator

diesel generator, Light Tower Rentals, natural gas

It’s tough being in the oil and gas industry right now. But the companies who have survived, and in many cases flourished during this most recent downturn, have relied on simple, straightforward and time-tested approaches to their business to weather the storm.  They have also been innovators in their field, offering distinctive new environmentally friendly products with a smaller carbon ...

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