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Tuesday, June 16, 2026

September 27, 2018

Companies End Their Attempt to Buy Navajo Generating Station, Largest Coal Plant in the Southwest U.S.

September 27, 2018

Uncertainty of future power mix in California and Arizona spook commitments from potential electricity buyers From Power Magazine The companies negotiating to purchase the largest coal-fired power plant in the southwestern U.S. have ended their pursuit, which means the 2,250-MW Navajo Generating Station (NGS) near Page, Arizona, remains scheduled to close by year-end 2019. Avenue Capital, a New York-based global

China’s CNOOC May Divest Some U.S. Assets After Portfolio Review

September 27, 2018

From Reuters China’s CNOOC Ltd (0883.HK) is considering selling parts of its U.S. oil assets in the Gulf of Mexico, a company spokeswoman said on Thursday, but added that it does not intend to fully exit the U.S. market. Reuters reported on Wednesday that Nexen Petroleum, a unit of state-controlled CNOOC, was planning to exit the United States, divesting its

Brazil’s Petrobras to pay $853 million U.S. fine in Car Wash probe

September 27, 2018

From Reuters Petróleo Brasileiro will pay an $853.2 million fine to settle U.S. criminal charges that the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the U.S. Justice Department said on Thursday. Shares in Petrobras, as the company is known, were up 4.2 percent in early afternoon, helped by investors’ perception that the pact is another

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