Category: Trucking News

SunPower to split into two publicly listed companies

The spin off comes as America's biggest solar power developers, including SunPower, have been stockpiling panels to meet the increased demand from a 30% federal tax credit to buyers that will start phasing out next year. SunPower is majority owned by French energy giant Total SA. The companies will be called SunPower and Maxeon Solar Technologies, SunPower said, adding that it will maintain its corporate headquarters in Silicon Valley and that Chief Executive Officer Tom Werner will continue in his position....

Indonesia signs 20-year production sharing contract for Corridor block

* Indonesia's government signed on Monday a production sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters. * "The government considers the existing contractors to have the technical and financial capabilities (to operate Corridor)," Tasrif said and hopes production from Corridor would be expanded. * The Corridor block in Jan-Sept this year delivered 833 million standard cubic feet of gas per day (mmscfd), according to data from upstream oil and gas regulator SKK Migas....