Targa misses fourth quarter consensus revenue target

Targa misses fourth quarter consensus revenue target

Targa Resources Corp. (NYSE: TRGP) missed Wall Street’s fourth quarter consensus revenue expectations of $2.74 billion. The company’s revenue decreased nearly 3.9 percent year-over-year (Y/Y) from over $2.7 billion to nearly $2.6 billion.

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Targa Resources sells stake in North Dakota shale to Blackstone Group

Targa Resources sells stake in North Dakota shale to Blackstone Group

Targa Resources Corp. (NYSE: TRGP) has agreed to sell a 45 percent stake of Targa Badlands LLC (Badlands), the entity which holds all of Targa’s assets in North Dakota, to investment funds owned by GSO Capital Partners and Blackstone Tactical Opportunities.

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Kiwis fuel-up the hydrogen economy

Kiwis fuel-up the hydrogen economy

New Zealand’s Ports of Auckland has been conditionally granted funds to buy hydrogen fuel cell vehicles as part of a wider project to build a hydrogen fuel production plant. That second project, in turn, is part of a bigger project to transform New Zealand into an electricity-powered economy.

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Northeast struggles due to insufficient gas pipeline infrastructure

Northeast struggles due to insufficient gas pipeline infrastructure

Residents of Northeastern states are struggling with increased electricity costs and an unreliable energy supply as elected officials contemplate expanding natural gas pipelines in the region.

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Germany says it's "ready" to build infrastructure to import U.S. LNG

Germany says it's "ready" to build infrastructure to import U.S. LNG

Germany’s Federal Minister for Economic Affairs and Energy Peter Altmaier announced earlier this week that European nations were ready to build the necessary infrastructure to import liquefied natural gas (LNG) from the U.S. At this time, Europe has 28 ‘regasification’ import terminals.

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Electric vehicle manufacturing in China drives metal demand

Electric vehicle manufacturing in China drives metal demand

Hundreds of manufacturing firms in China seek to take advantage of the vast national investment directed at renewable energy and battery storage technology. This motivates China to capitalize on metal resources necessary for launching the electric vehicle industry.

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