HBOS, Royal Bank of Scotland Sink on Concern Financial Companies Will Fail Oct 10, 2008
The fell below 9,000 for the first time since 2003 yesterday as higher borrowing costs and slower consumer spending spurred concern carmakers, insurers and energy companies will be the next victims of the credit crisis. Rescue Plan. (Bloomberg -- Europe)
Stock Market Crashes Most Since 1987 as Credit Crisis Deepens; Banks Slump Oct 10, 2008
6 percent, on speculation carmakers, insurers and energy companies will be the next victims of the credit crisis. Thousand Cuts. (Bloomberg -- Australia & New Zealand)
UCD to offer energy-management program Oct 8, 2008
The degree program is intended for those who wish to make the energy industry their lifelong career those who want to rise to the very top of energy companies or want to start their own energy company, program director John Turner said in a news release ... UCD officials said the program was created at the request of energy companies, which according to projected retirement rates, will need to fill as many as half of their leadership positions in the next five years. (Denver Business Journal, CO)
McCain or Obama: Boost for the Sto... Oct 8, 2008
Obama's environmental proposals may help alternative energy companies. Obama also plans to spend more on the infrastructure and universal internet access which could help construction firms and the technology companies. (Suite101.com)
Schweitzer, Brown spar over energy in debate Oct 8, 2008
Schweitzer criticized Brown for a vote related to a lawsuit by Marathon Oil and other energy companies, which have sued Montana and challenged its regulation of water quality downstream from coalbed methane development in Wyoming. He asked Brown why he had voted against funding Montana's defense of the lawsuit. (Montana Standard, MT)
Schweitzer, Brown joust over energy Oct 8, 2008
Schweitzer criticized Brown for a vote related to a lawsuit by Marathon Oil and other energy companies, which have sued Montana and challenged the state's regulation of water quality downstream from coal-bed methane development in Wyoming. He asked Brown why he had voted against funding Montana's defense of the lawsuit. (Missoulian, MT)
Credit, economic worry roil stocks Oct 8, 2008
The market's top drags included shares of financial and energy companies, with Bank of America down more than 6 percent and Exxon Mobil off more than 2 percent. "I think the market is still concerned about whether each of these new developments will be the piece that fixes the problem that has clearly spread globally," said Gail Dudack, chief investment strategist at Dudack Research Group in New York. (Yahoo News -- Top Stories)
Canadian Stocks Extend Decline, Led by Manulife, Suncor; Goldcorp Advances Oct 8, 2008
Oct. 7 (Bloomberg) -- Canadian stocks fell a fifth day, sending the main index toward its lowest in more than three years, as financial and energy companies slid on concern that profits will be hurt by the credit crunch and lower oil prices. led the retreat among banks and insurers on a downgrade by RBC Capital Markets. (Bloomberg -- Canada)
Harper Conservatives Release $7.9 Billion Canada Election Campaign Plan Oct 8, 2008
Canadian stocks today , sending the main index toward its lowest since July 2005, as financial and energy companies slid on concern that profits will be hurt by the credit crunch and lower oil prices. The Standard & Poor's/TSX Composite Index is down 15 percent this month. (Bloomberg -- Canada)
Stupak, Casperson square off at forum Oct 8, 2008
On the other side, Stupak lauded the renewable energy bill signed Monday by Gov. Jennifer Granholm which will require energy companies to get at least 10 percent of their energy from renewable sources. He said the U.S. House passed a similar bill requiring 15 percent of energy to be renewable, but it died in the Senate. (Sault Ste Marie Evening News, MI)
Forbes Beltway Index: Earnings Revisions Oct 8, 2008
Notable among them are a handful of energy companies, including BP (nyse: - - ) and ConocoPhillips (nyse: - - ). Forbes Beltway Index Stocks: Profit Forecasts Up Lately. (Forbes -- Business)
More of this story Oct 7, 2008
The energy companies don't own their own equipment for the most part, but rather hire independent contractors to do the drilling. Thaeler said that each drill has an address and several permits must be in place before drilling can start. (Searcy Daily Citizen, AR)
As economy dims, utility shut-offs are soaring Oct 7, 2008
They are up in of dozens of other states, including Pennsylvania, Florida and California, according to an Associated Press check of regulators and energy companies. Despite stepped-up efforts by state and federal governments, utilities and private groups to help people avoid shut-offs this winter, some worry the problem will only get worse in the coming months, particularly with the downturn on Wall Street. (MSNBC -- Business)
Otter tours energy center Oct 7, 2008
The center is also expected to earn revenue through future partnerships with private and public entities, including energy companies and federal agencies. Otter lauded CAES' ability to generate promising return investments in addition to the four institutions' collaboration in energy research. (Pocatello Idaho State Journal, ID)
Energy watchdog says 'unfair' market needs reform Oct 7, 2008
With around one in three pensioner households in fuel poverty and half planning to cut back on their heating this winter, the Government and energy companies must take urgent action to help the poorest pensioners afford to heat their homes. In a move that may alarm EDF as it finalises its 12. (Times Online)
Too little, too late: new fears drive markets down Oct 7, 2008
China's stocks fell, led by raw-material and energy companies. The CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, declined 1. (Sydney Morning Herald -- Business)
Despite Petrodollars, Iranians Struggle To Make Ends Meet Oct 6, 2008
Despite Iran s vast energy resources, the world s major energy companies have left Iran one by one, and their walkout means fewer jobs and income opportunities for Iranians. "Iran s economy and its people have fallen victim to Ahmadinejad s policies," the expert adds. (EurasiaNet.org)
Crisis shaves over 5 percent off FTSE Oct 6, 2008
Energy companies were hit by falls of more than $3 in crude prices below $91, with BP down 5. 4 percent Royal Dutch Shell losing 5. (International Herald Tribune -- Health)
Net firms face constant attack Oct 6, 2008
Power and energy companies are the favourite targets, with financial service firms coming second. It is so volatile that we do not know what is going to hit us next week. (Yahoo News -- Computer Viruses & Worms)
Forbes Announces Best Cities For Jobs Oct 6, 2008
Oklahoma City has been a traditional base for energy companies like Chesapeake Energy and Devon Energy, but its economic growth has partly been fueled by diversification into fields like information technology and health services. Explore More. (NBC4.tv, CA)
Cleantech funding at record $2.6B in Q3 Oct 6, 2008
-- THIN-FILM SOLAR: Solar energy companies using thin-film technology raised $620 million. CIGS (copper-indium-gallium-selenide) startups raised the most capital, including San Jose-based at $200 million; Hayward-based at $78 million; and Santa Clara-based at $35 million. (San Jose Business Journal, CA)
Brown focuses on taxes, spending Oct 5, 2008
He left Marathon and took a job with a Denver bank evaluating loans to energy companies. One company he evaluated was in the Shelby area and needed someone to run the business. (Missoulian, MT)
* World Business Quick Take Oct 4, 2008
E.ON, one of Germanys biggest energy companies, said on Thursday it had bought one quarter of one of the worlds greatest natural gas fields, at Yuzhno Russkoye in Russia. The deal, which follows years of tortuous negotiations, was signed with gas monopoly Gazprom at a meeting of Russian and German government leaders on Thursday in the Russian city of St Petersburg. (Taipei Times, Taiwan -- World)
Turbines 'no risk to farm birds' Oct 4, 2008
"This should be welcome news for nature conservationists, wind energy companies and policy-makers.". He added that previous research had shown that turbines did have a negative impact on larger species, such as waterbirds and raptors, which are primarily found in coastal and upland regions. (BBC News -- Science)
Iraq's Kurdish area witnesses first gas production Oct 4, 2008
Two United Arab Emirates-based energy companies announced Saturday that they have begun producing natural gas in Iraq's self-ruled Kurdish area. Crescent Petroleum and its partner Dana Gas DANA.AD said initial gas production stood at 75 million cubic feet per day after completing the first phase of the US$650-million project. (International Herald Tribune -- Sports)
Iran: Is Tehran Interested in Making an Energy Exports-for-Nuclear Concessions Deal? Oct 3, 2008
"But the political risk centered on Iran s nuclear program and US-directed sanctions on Iran s energy industry have dissuaded energy companies from investing there.". The United States has reportedly played a major role in putting several Iranian energy projects on hold. (EurasiaNet.org)
> Bailout bill includes $100 billion in energy, other tax breaks Oct 3, 2008
Shares of solar energy companies rose Wednesday on news of the revived credit plan. Reader Comments. (Austin Business Journal, TX)
Investors' Mauling Of Matrix May Be Unjustified Oct 3, 2008
Matrix Service s profit and revenue soared in the first quarter, but a reduction in the industrial construction and maintenance company's backlog had investors worried that the decline in oil and gas prices may be causing the energy companies that make up the bulk of its customers to defer or cancel projects. Matrix Service (nasdaq: - - ) shares plummeted 27. (Forbes -- Markets)
Study: Wind farms have little affect on birds Oct 3, 2008
"This should be welcome news for nature conservationists, wind energy companies and policy makers.". The survey studied the impact of two wind farms on about 3,000 birds in the area, including five species of conservation concern the yellowhammer, the Eurasian tree sparrow, the corn bunting, the Eurasian skylark and the common reed bunting. (MSNBC -- Environment)
Senate Approves Nuclear-Energy Pact With India Oct 3, 2008
The U.S. Senate passed a landmark nuclear pact with India, opening the door for American energy companies to enter the fast-growing Indian market. The agreement, which President George W. Bush made a top priority and is expected to speedily sign, requires India to allow international inspections of its nuclear facilities. (Wall Street Journal)
Mixed views on new nuclear build Oct 3, 2008
"The government and some of the energy companies believe that the UK should have a new generation of nuclear power stations," said co-author Nick Pidgeon, from the University of Cardiff's School of Psychology. "But one of the issues - the siting of any of these stations - is not going to be an easy matter. "The initial proposals (from the energy companies) are almost certain to include some of the sites that currently house nuclear stations. (BBC News -- Science)
Ecologists Allay Fears For Farmland Birds From Wind Turbines Oct 3, 2008
According to Whittingham: "This is the first evidence suggesting that the present and future location of large numbers of wind turbines on European farmland is unlikely to have detrimental effects on farmland birds. This should be welcome news for nature conservationists, wind energy companies and policy makers. With large numbers of wind farms needing to be built on lowland areas, the cumulative impacts on farmland bird species has the potential to be a significant constraint to development.".... (Science Daily)
Energy companies look to build new refineries (7) Oct 3, 2008
The World Link: Energy companies look to build new refineries. Energy companies look to build new refineries. (Coos Bay-North Bend The World, OR)
E.ON Ruhrgas gets stake in Russian field Oct 3, 2008
"These assets swaps are now common between European energy companies and Gazprom," said Coby van der Linde, director of the Clingendael International Energy Program of the Netherlands Institute of International Relations. "E.ON Ruhrgas wants to develop its upstream activities because it needs a security of supply, while Gazprom, at least in the case of deals it has concluded with other energy companies in Europe, wants to develop downstream in order to sell its gas," Van der Linde said. (International Herald Tribune -- Business)
Could Credit Crunch Green Energy? Oct 3, 2008
The looming threat of climate change and soaring energy prices has attracted vast amounts of capital into clean energy companies in the past few years ... The trouble is that a number of solar energy companies have major projects in the pipeline that seek to scale up their operations to commercial size ... Several green energy companies already pulled the plug on planned IPOs. (Forbes)
Arizona congressional delegation still not sold on bailout Oct 3, 2008
The new bailout plan also increases deposit insurance to $250,000 per account from $100,000 and includes a slew of tax breaks and extended tax credits that benefit some homeowners, solar energy companies, research and development and other businesses. The Senate bailout plan could pick up a few more yes votes from House members who shunned the Paulson plan on Monday. (Phoenix Business Journal, AZ)
Dion, Seeking Turnaround, Attacks Harper on Economy in Last Canada Debate Oct 3, 2008
Corporate tax cuts are going to banking and energy companies that are ``ripping people off,'' Layton said. Incompetent. (Bloomberg -- Canada)
Palin Grows at Biden's Expense Oct 3, 2008
Instead, he talked about a windfall profits tax on energy companies, triggering one of Palin s best moments ... She spoke convincingly about how she had driven the energy companies to build the largest infrastructure project in the nation, the new natural gas pipeline. (Human Events Online)
On Bailout, Blue Dogs’ Bark Is Worse Than Their Bite Oct 3, 2008
opposed the first bill, but SEIA President Rhone Resch said the group has redoubled its efforts to get her support because of the number of solar energy companies in her district. Our emphasis to the Blue Dogs is not about the pay-for issue, Resch said. (Roll Call)
Davis calls energy crisis over Oct 3, 2008
Davis on Thursday reiterated his call for billions in refunds from energy companies, an issue that is still proceeding at the Federal Energy Regulatory Commission. And state regulators voted Thursday to appeal a recent FERC decision to deny California's request to throw out some long-term contracts Davis signed with companies during the peak of the crisis. (Yahoo News -- Utility Industry Deregulation)
State, FERC Thawing an Icy Relationship Oct 3, 2008
Perhaps no single issue illustrates the ongoing tensions better than the dispute over how much money energy companies should pay California for alleged overcharges during the market meltdown. A group of California parties has demanded $9 billion. (Yahoo News -- Utility Industry Deregulation)
Pipeline to Nowhere? Oct 3, 2008
The downside of that dependency is that it's sometimes hard to distinguish the state government in Juneau from the energy companies that it regulates. The state's elected officials have always worked closely with oil companies--at times, too closely. (Time.com)
House Votes to End Ban on Offshore Oil Drilling Sep 25, 2008
"It is a very big step forward," declared House Republican leader John Boehner of Ohio, vowing to press the offshore drilling issue aggressively next year, including a push to give states a share in the billions of dollars in royalties that are likely to be collected once energy companies begin producing oil and natural gas in newly opened areas. The Interior Department estimates about half the estimated 18 billion barrels of oil lies off the California coast. (Fox News)
Bolivian Gas Crackdown May Spur Inflation in Brazil, Argentina Sep 25, 2008
May 4 (Bloomberg) -- Bolivia's crackdown on foreign energy companies may fuel inflation in neighboring Brazil, South America's largest economy, as the cost of importing gas climbs. Prices in Brazil are going to rise,'' said Tereza Fernandez, managing director of MB Associados, an economic consulting company in Sao Paulo. (Yahoo News -- Argentina)
U.K. Government Delays Nuclear Power Recommendation Sep 25, 2008
He will press energy companies to ``double'' current obligations to provide customers with energy-saving advice and require that all new household gas and electricity meters a digital display showing energy consumption. To contact the reporter on this story: in London at. (Yahoo News -- Nuclear Power and Waste)
Arizona forecast: Economy may take years to recover, solar could be bright spot Sep 25, 2008
Broome said GPEC recently touted the state s benefits in Europe and eight energy companies are planning to look at the Phoenix area for possible production and engineering sites. There could be an upswing in solar energy production globally as the U.S. and other countries look at options to fossil fuels, he said. (Phoenix Business Journal, AZ)
U.S. Senate OKs extending energy tax credits Sep 25, 2008
The move, which alternative energy companies had been lobbying for all year, sent shares of solar power companies higher in after-hours trade. The delay in extending the tax credits had been a major damper on those stocks this year. (EETimes)
George Bush's scary story Sep 25, 2008
But it's not just Wall Street investment banks and out-of-control Houston energy companies that depend on debt markets -- a vast number of large corporations engage in the same practices. And if a significant percentage of large corporations can no longer borrow money the implications for the "real economy" will be substantial. (Salon)
Powering Our Automotive Future with--Pond Scum Sep 24, 2008
One of the first algal energy companies Boston-based tested algae bioreactors three years ago on a coal-fired power plant in Arizona to determine how well algae absorbed planet-warming carbon dioxide emissions. And algae exposed to the atmosphere actually pull CO2 out of it and turn it into protein and oil, both of which can be used. (Scientific American)
Kazakhstan: Astana Proposes Tax Changes that Would Hit Energy Producers, Mineral Extractors Sep 23, 2008
While entrepreneurs would reap the most benefit from the proposed changes, the new code would significantly increase the tax burden on large energy companies ... Kazakhstani officials emphasized that major energy companies operating under production-sharing agreements -- including Chevron, Shell, and ExxonMobil -- would not be affected by the tax changes ... Timur Kulibayev -- President Nursultan Nazarbayev s son-in-law and the chairman of KazEnergy, a powerful association of Kazakhstani and... (EurasiaNet.org)
Labour conference: At-a-glance Sep 23, 2008
Labour pressed over windfall tax: Union leaders and Labour MPs call for a windfall tax on energy companies at the party's conference. Energy security 'vital' - Hutton: Guaranteeing the security of energy supplies has become a "defining" issue for the country, John Hutton has told the Labour Party conference. (BBC News -- UK)
Alternative Energy Demands Generate Hot Career Opportunities Sep 23, 2008
"Alternative energy companies are seeking professionals to fill a wide variety of positions, including mechanical engineer, project manager, programmer analyst, IT sourcing specialist, administrative assistant and marketing director," she says. "Business Week" magazine reports that a growing number of professionals are moving to jobs in renewable energy fields to promote their own personal environmental concerns. (Pekin Times, IL)
More than 37,000 still without power in Dayton region Sep 23, 2008
Roughly 38,000 people are still without power in the Dayton area, according to the latest numbers released by the two energy companies that service the majority of the area. reported that as of Monday morning, 35,000 of its customers remain without power, more than one week after a heavy wind storm hit the area. (Dayton Business Journal, OH)
NCT: LETTERS, Sept. 22, 2008 Sep 23, 2008
Because the energy companies will have rules and regulations set down to combat the man made effects of global warming and are the ones pushing the politicans they financially back to stand against. So Republicans, all of them want to deny that man made global warming exists as Exxon slips them more campaign funds. (North County Times)
MDU says natural gas prices have eased Sep 23, 2008
Jeff wrote on Sep 23, 2008 6:15 AM:" on the surface this looks like good news, but deep down I wonder if MDU's first projections were simply a planned process to rollout these new lower increases and have the public be happy about it. I for one don't buy it, the fact is MDU is like the other large out of control energy companies and the outragous profits need to be monitored, taxed and curtailed. ". Post Your Own Comment Posting comments online has become a vital part of the Tribune experience. (Bismarck Tribune, ND)
Cancer victim who battled for access to new drug dies Sep 23, 2008
8bn windfall tax on the huge profits of the energy companies. A BAN on the use of sunbeds by children has moved a step closer after assurances from a Government panel that the law could be changed. (Northern Echo)
The answers, to him, are blowing in the wind Sep 21, 2008
And so our mission has always been that you cannot build a new mainstream energy source if you don't do it in cooperation with the established fossil fuel industry, and, therefore, we have been working very hard to make sure that we get the bigger energy companies involved. I find that some discussion, at least seen from the outside, is being driven around "Uh, well should we do wind?" and "What will happen to oil?" This is not an either/or discussion. (Boston Globe)
Who Cares: Summarizing winterizing Sep 20, 2008
Help is also available through The Massachusetts Good Neighbor Energy Fund, a cooperative effort between the state's energy companies, their customers and The Salvation Army. Funds are available to income-eligible Massachusetts residents who, because of temporary financial difficulty, cannot meet a month's energy expense and are not eligible for state or federal energy assistance. (Upper Cape Codder, MA)
Cobell isn't surprised by reports of corruption at Interior Sep 20, 2008
-based minerals bureau is responsible for collecting money and oil as payment from energy companies who drill on federal and Indian trust lands. The inspector general report said almost a third of the royalty-in-kind employees, who handle billions of dollars of transactions, have been playing fast and loose with energy industry officials, engaging in sex, bribes and drug use. (Missoulian, MT)
Oil sands economics under pressure Sep 20, 2008
While the oil sands region is typically the purview of the world's largest energy companies, it's also inhabited by scrappy smaller firms that often rely on technology to compete with the big players. The market uncertainty will favour big companies with deeper pockets, while junior oil sands companies are more likely to feel the credit pinch and seek deals. (Globe and Mail)
Crude Oil Soars More Than $6 a Barrel as Bank Bailout Plan Boosts Markets Sep 20, 2008
U.S. energy companies have resumed about 11 percent of oil production and a quarter of natural-gas output in the Gulf of Mexico after shutting almost all of it before the hurricanes, the U.S. Minerals Management Service said today on its. The Gulf accounts for about 26 percent of U.S. oil production and 14 percent of natural gas output. (Bloomberg -- Canada)
`What Crisis?' Needs an Answer From Lula Sep 20, 2008
Bolivian President has made himself believe all his country's problems would disappear if he nationalized energy companies and exported gas at a higher price. Now, he is requesting international help to suppress a political crisis. (Bloomberg -- Columnists)
Oil rallies to jump over $US104 Sep 20, 2008
"There seems to be a feeling that maybe some of the problems have been rectified by actions taken in the past 24 hours, and that's giving the bulls an opportunity to buy, at least for the time being,'' said Peter Beutel, president of Cameron Hanover. US energy companies have resumed about 11% of oil production and a quarter of natural-gas output in the Gulf of Mexico after shutting almost all of it before the hurricanes, the US Minerals Management Service said. The Gulf accounts for about 26% of... (Sydney Morning Herald -- Business)
Michigan legislature passes energy package Sep 20, 2008
Surrounding energy companies may need to purchase some of ESEC s renewable energy in order to comply with the new regulations. The legislation caps extra costs associated with requiring green power at 3 a month for residents. (Sault Ste Marie Evening News, MI)
Tracy mayoral candidate unveils green plan Sep 20, 2008
She wants to slice red tape by waiving fees for people and businesses that install solar energy, and she proposes eliminating business license fees for alternative energy companies that make Tracy their home, with the hope it will grow a budding green industry and create good jobs in the city. Sarvey called getting the necessary permits for his solar panels "a nightmare," and the candidate said that needs to change. (Lodi News Sentinel, CA)
