Lawmakers will look at gas tax, other hikes Nov 16, 2009
A third draft bill would make energy companies pay severance taxes on oil or gas vented while developing new wells. Overturning those exemptions, however, will likely prove difficult, thanks to significant political opposition from the recipients of those tax exemptions. (Casper Star-Tribune, WY)
Australian Geothermal Energy Developers May Merge Because of Funding Needs Nov 16, 2009
Nov. 16 (Bloomberg) -- Australian geothermal energy companies may seek merger partners during the next year because of funding needs, said Geodynamics Ltd. and , two businesses seeking to produce power from underground heat. The competition is not for acreage -- its for capital, , managing director of Brisbane-based Geodynamics, said by phone Nov. 13. (Bloomberg -- Australia & New Zealand)
US to lease offshore for oil drilling Nov 15, 2009
6 million hectares) to energy companies next spring to drill for oil and natural gas in the central Gulf of Mexico, but will shorten the time that the firms have to develop the tracts ... The central Gulf lease sale would cut the term energy companies would have to develop oil and gas resources on certain tracts ... Energy companies will have to pay the government a royalty rate based on 18. (India Times)
Can Alternative Energy Save the Economy and the Climate? Nov 14, 2009
It's here that Danish wind-turbine giant converted 298 acres of hayfield into the West's largest turbine factory - and turned Brighton into a magnet for "green" energy companies. It's part of a $1 billion investment by the company in the United States, what touts as a "new energy economy.". (Scientific American)
Wal-Mart Offers Vendors a Way to Faster Payment Nov 14, 2009
CIT is one of the nation's biggest lenders to an array of small and midsize businesses, including retailers, energy companies, a small movie studio and operators of Dunkin' Donuts stores. Wal-Mart spokesman John Simley said the new option lets vendors present their bill to a bank, which pays the vendor, then gets paid by Wal-Mart. (ABC News -- Wire)
* The challenge of Copenhagen Nov 14, 2009
Energy companies may brand their gigantic sales of oil and gas with green-washing images of windmills, but they continue to sell oil and gas. Airlines see the shrinking world largely through dollar signs. (Taipei Times, Taiwan -- World Business)
Chinese Compnay Not Allowed by Ghana to Bid for Jubilee Stake Nov 14, 2009
Ghanas nascent petroleum industry, still a year away from production of oil for export, has attracted attention from some of the worlds top energy companies in what has become a tussle for the 1. 8 billion-barrel Jubilee, discovered in June 2007. (Ghana Web, Ghana)
Xebec Announces 2009 Third Quarter Financial Results Nov 13, 2009
Xebec achieved significant business development opportunities in China by becoming a certified vendor of natural gas dehydration equipment to Sinopec (NYSE: - ; LSE: - ) and CNPC - both leading Chinese energy companies and developers of compressed natural gas (CNG) fueling stations in China. Xebec has received orders for a total of four natural gas dryers from these companies for CNG stations to be constructed in late 2009. (CCNMatthews Press Releases)
Canada Stocks Fall as Barrick, EnCana Slide with Gold, Oil; TD Bank Rises Nov 13, 2009
Materials and energy companies combined account for almost 47 percent of the , compared with less than 16 percent of the Standard & Poors 500 Index of U.S. companies. Canadas second-largest bank, and Bank of Nova Scotia, its third-largest, advanced after Morgan Stanley rated them overweight in new coverage. (Bloomberg -- Canada)
Fisher: Plenty of Gains Left in Stocks Nov 12, 2009
Technology and energy companies will gain but lag behind those leaders, he says. Fisher also recommends emerging market stocks. (Newsmax)
Destiny Resource Services Corp. Announces Q3'09 Results Nov 12, 2009
Demand for products and services depend on the exploration, development and production activities of energy companies. These activities are directly affected by factors such as oil and gas commodity prices, weather, changes in legislation, exchange rates, the general state of domestic and world economies, concerns regarding fuel surpluses or shortages, substitution through imports or alternative energy sources, changes to taxation or regulatory regimes and the broad sweep of international... (CCNMatthews Press Releases)
Time to take a hard look at cost of tax incentives for green jobs Nov 11, 2009
No state has been a more vigorous advocate of green economy or, as it turns out, invested more in attracting renewable energy companies than Oregon ... That effort to mask the likely cost of the larger tax break for renewable energy companies was wrongheaded and terribly shortsighted. (Longview Daily News, WA)
UTSA recruits national energy expert Nov 11, 2009
He is knowledgeable, well-respected and highly sought after by energy companies across the world, says UTSA President Ricardo Romo. We are thrilled that he will be coming here to UTSA, where he will work with our faculty and our collaborative partners to build a world-class energy institute right here in San Antonio. (San Antonio Business Journal, TX)
Carbon storage? Not under my house! Nov 11, 2009
Such "confined space" oil and gas fields are far safer and easier to monitor, he says, because energy companies understand the geology better than storage at other possible sites like aquifers where the carbon dioxide can move sidewise into the rock with more potential to leak. Shell's plans to pipe the gas to Barendrecht would turn the town into a waste landfill, claim local campaign group CO2isNee. (MSNBC -- International)
Hellman & Friedman buys Datatel Nov 10, 2009
Hellman & Friedman LLC, with offices in San Francisco, New York and London, manages about $25 billion in capital to investment in business and information services, software, internet and digital media, financial services, healthcare and energy companies. Most Read Stories. (Washington Business Journal, DC)
Warriors at the coalface Nov 10, 2009
Later, they would meet behind closed doors in a conclave dominated by the world's top energy companies ... "The renewable energy companies and the financial investors were suddenly much more vocal," says Vormedal. (Sydney Morning Herald -- Australia)
3.6m 'miss out on energy savings' Nov 10, 2009
The Home Heat Helpline is a not-for-profit phone line set up by Britain's energy companies to help customers who are struggling to pay their energy bills and keep warm. Bookmark with. (BBC News -- UK)
Gazprom sees 50% drop in profits Nov 9, 2009
Other energy companies, such as BP and Royal Dutch Shell, also reported declines in profits last month. Energy firms have been hit by a decline in oil prices. (BBC News -- Europe)
Bee exclusive: State's recycled paper trail not so green for climate Nov 9, 2009
But an ongoing Bee investigation has found some of the state's choices such as failing to evaluate environmental costs of printer ink cartridge recycling and allowing its employees to travel on the dime of energy companies raise questions about the effectiveness of its efforts. The state law requiring agencies to buy large quantities of paper with a minimum of 30 percent recycled content is another seemingly green choice that may be backfiring on the climate. (Fresno Bee -- Local)
Fresh PSU sale to add Rs 3.2 l cr to M-cap Nov 7, 2009
With a net profit of over Rs 5,000 crore and revenues of Rs 43,000 crore during the year ended March 2008 (on consolidated basis), the company will emerge as one of the largest mining and energy companies on the bourses with a market capitalisation of close to Rs 80,000 crore. Right now, another public sector major- NMDC is the largest mining company with revenues and net profit of Rs 8,576 crore and Rs 4,372 crore, respectively, in FY09. (India Times)
Youre fired! How to get rid of bad customers Nov 7, 2009
Dan Ahuero, CEO of Houston-based GHX Industrial, which manufactures and distributes hose and gasket assemblies for energy companies, categorizes his customers' accounts based on gross profits. The most profitable customers receive perks such as free delivery and 24-hour service. (MSNBC -- Business)
Climate Bill Moves Forward in Senate Nov 6, 2009
The when they tax the c.r.a.p. out of the energy companies not only will our costs go up but those of lower income will require subsidies which will require higher taxes. The whole thing is foolish and ignorant. (CBS News)
Daylight Resources Trust Reports Third Quarter 2009 Financial and Operating Results- Significant Operational Results Validate Resource Play Strategy on Multiple Fronts Nov 5, 2009
Mr. Stollery is a veteran oil executive who has been involved in the founding and building of a number of successful energy companies including Morrison Petroleums Ltd. and most recently was on the Board of Directors of Highpine. Daylight is a growing intermediate oil and natural gas producing company with a high quality suite of resource play assets in Western Canada. (CCNMatthews Press Releases)
Why Big Oil Is Back in Iraq Nov 5, 2009
In June many of the world's biggest energy companies walked away from bidding on potentially rich oil fields in Iraq. While they liked the billions of barrels of reserves that were on offer, ENI (), ExxonMobil (), Royal Dutch Shell (), and others balked at the tough terms the Iraqis were proposing. (BusinessWeek)
AVEVA NET Gains SAP Certification Nov 5, 2009
6 has been certified by SAP. Our customers have been using AVEVA NET's integration abilities in conjunction with SAP solutions for some time already, and this certification further demonstrates AVEVA's commitment in the area of enterprise asset management, and, in particular, our focus on supporting the needs of operations in major integrated energy companies. " AVEVA NET is a powerful, ISO 15926-compliant solution to control, link, evaluate and deliver all types of plant and marine data and... (Canada Newswire)
Big Guns Stay Clear of Jubilee Mess in Ghana Nov 5, 2009
Ghanas nascent petroleum industry, still a year away from production of oil for export, has attracted attention from some of the worlds top energy companies in what has become a tussle for Jubilee. The field was discovered in June 2007 and has potential resources of as much as 1. (Ghana Web, Ghana)
Electric, gas utilities offer joint plan for energy efficiency Nov 4, 2009
"This is a first-ever attempt at bringing all of these utility and energy companies together for a unified effort to make Connecticut more energy efficient," said Jeff Gaudiosi, chairman of the Connecticut Energy Efficiency Fund. The 2010 Conservation Load Management plan would spend more than $130 million from the energy efficiency fund, which raises money from a line-item on electric and natural gas customers bills, and from other sources. (Republican-American)
GORE'S BIG PROFITS FROM 'GLOBAL WARMING'... Nov 4, 2009
Al Gore, the former US vice president, could become the world's first carbon billionaire after investing heavily in green energy companies. Published: 7:00AM GMT 03 Nov 2009. (The Drudge Report)
Global warming Nov 4, 2009
Victims of Hurricane Katrina can sue energy companies for contributing to climate change, says an appellate court By. Should environmentalists get excited about ruling that victims of Hurricane Katrina have standing to sue a motley crew of oil and coal companies for contributing to global warming. (Salon)
Taxpayers could lose billions in auto bailouts Nov 4, 2009
CIT is one of the nation's biggest lenders to small and mid-sized businesses, providing financing to a large array of businesses including retailers, energy companies and operators of Dunkin' Donuts stores. HonoluluAdvertiser. (Honolulu Advertiser)
Hunger World's Biggest Problem Nov 4, 2009
Energy companies are trying to turn eastern Canada's coast into the Saudi Arabia of tidal power. Critics fear for the fisheries. (Newsmax)
Climate Bill Faces High Hurdles in Senate Nov 3, 2009
On Oct. 22, the American Energy Alliance, an advocacy group funded in part by energy companies, launched a radio, TV and online advertising campaign in South Carolina that has cost "close to $300,000" so far, according to the group's spokesman, Patrick Creighton. Featuring a Halloween theme, the TV commercial warns of "some scary stories coming out of Washington" and says, "The latest is Senator Lindsey Graham's support for a national energy tax called cap-and-trade.". (CBS News -- US)
Ohio State aims to jolt research alliances Nov 3, 2009
Defense, communications and energy companies that take space in the building should find two advantages, Washington said. One is direct access to faculty that are arguably the best in the country in electromagnetic research, he said. (Columbus Business First, OH)
Disney sets out to make 'The Passion for kids' Nov 3, 2009
Al Gore, the former US vice president, could become the world's first carbon billionaire after investing heavily in green energy companies. Two senior US envoys have arrived in Burma for talks with the ruling junta and detained democracy icon Aung San Suu Kyi, on the highest level American visit to the country in 14 years. (Yahoo News -- 'The Passion of the Christ')
After bankruptcy, CIT’s next hurdle is to keep its base Nov 3, 2009
CIT is one of the nation s biggest lenders to small and midsize businesses, providing financing to a large array of businesses including retailers, energy companies, a small movie studio, and operators of Dunkin Donuts stores. One factor playing in CIT s favor is that tight lending conditions would make it tough for customers who wanted to leave. (Boston Globe)
Tax breaks cost state more than predicted Nov 3, 2009
PORTLAND (AP) State officials deliberately underestimated the cost of Gov. Ted Kulongoski s plan to lure green energy companies to Oregon with big taxpayer subsidies, resulting in a program that cost 40 times more than unsuspecting lawmakers were told, an investigation by The Oregonian shows ... Renewable energy companies such as Solaicx and Iberdola employ scores of workers at good wages. (Coos Bay-North Bend The World, OR)
Davis calls energy crisis over Nov 3, 2009
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)
Competing gas pipeline projects prepare their pitches Nov 3, 2009
Marks detailed a series of potential flaws that he and other skeptics -- including North Slope producers -- have raised ever since 2007 when former Gov. Sarah Palin kicked off plans to make energy companies compete for a license to build the pipeline. Marks retired from the state last February, having never been involved in the Palin gas-line effort. (Anchorage Daily News)
Marlborough Ward 7 City Councilor candidates Nov 1, 2009
Boudrie called herself a fiscal conservative and advocated for new business development, specifically clean energy companies. Why she's running. (Marlborough Enterprise, MA)
NASA probe hits moon's south pole looking for water Nov 1, 2009
In this case, presumably less farsighted and more profit-hungry energy companies than the climate-concerned E.On have invested tens of millions of dollars in convincing elected officials and newspaper editorial boards that reducing emissions of greenhouse gases is neither practical nor particularly needed. The operative force at work here is not stupidity, but political power. (Salon)
Net firms face constant attack Nov 1, 2009
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)
Dow plummets at October's end Oct 31, 2009
The largest drops were in the areas of materials and energy companies and banks. The woeful news followed a surge Thursday after a 3. (San Jose Business Journal, CA)
German Energy Giants Eye a Greener U.S. Oct 31, 2009
Washington may be struggling with climate change policy, but German energy companies are angling for a piece of the action in Obama's green energy push. By. (BusinessWeek)
Shares snap winning run Oct 31, 2009
Energy companies were mixed, with Woodside Petroleum gaining $1. 01 to $47. (Sydney Morning Herald -- Business)
Ghana Petroleum Has Money to Buy Kosmos Jubilee Stake Oct 30, 2009
Ghanas nascent oil industry, still a year away from production of oil for export, has attracted attention from some of the worlds top energy companies. BP Plc, Europes second- largest oil company, may also bid for Kosmos stake in Jubilee, people familiar with the matter said Oct. 22. (Ghana Web, Ghana)
Wall Street rallies on better-than-expected GDP report Oct 30, 2009
Energy companies and raw-material producers rose as crude oil and metals posted gains. Motorola Inc. and Procter & Gamble Co. climbed on better-than- estimated earnings. (Xinhuanet, China)
Exxon third-quarter profit down 68 percent Oct 30, 2009
Toby Talbot / APExxon Mobil, the world's largest publicly traded oil company, said Thursday that its third-quarter profit tumbled with crude prices, but like other big energy companies, production is bouncing back. . (MSNBC -- Business)
Term and Spot Contracts -- Finding a Balance Oct 29, 2009
Cash Flow, Debt and Portfolio Management: Energy companies are capital-intensive in their projects and debt forms a major part of their capital budgeting ... By focusing on the risk-reward relationship of term and spot contracts, energy companies will realize benefits of implementing a balancing strategy that truly reflects the company's appetite for risk. (Energy Pulse, CO)
Stocks drop as new home sales fall Oct 29, 2009
The drop in oil weighed on shares of energy companies. Oilfield services company fell $2. (USA Today -- Money)
US stocks slide as new home sales fall Oct 29, 2009
The drop in oil weighed on shares of energy companies. Oilfield services company Schlumberger Ltd. fell $2. (The Star Online, Malaysia)
44 more turbines slated for Crystal Lake Oct 29, 2009
The electricity that will be generated by the 224 turbines at the Crystal Lake wind farm will be sold to third-party energy companies, such as Wisconsin Power and Light. Stengel said the decision to construct wind farms in an area such as Crystal Lake is made due to its prime location. (Forest City Summit, IO)
McMurry company denies harassment allegations Oct 29, 2009
One of the McMurry group of energy companies -- M&N Equipment LLC -- has denied it unlawfully retaliated against a former female employee who complained about sexual harassment, according its response filed in federal court Monday. "All of the business decisions made by Defendant and actions taken with respect to [the plaintiff] were based on legitimate business interests and reasons and had nothing to do with [her] alleged claim of sexual harassment," according to M&N Equipment's attorney Henry... (Casper Star-Tribune, WY)
Tajikistan: Rahmon Visit to Moscow Produces Reduction in Bilateral Tension Oct 28, 2009
On October 22, for example, Russian Energy Minister Sergei Shmatko announced that both sides reached an agreement covering the repayment of roughly $30 million owed by Tajikistani energy companies to the Sangtuda-1 hydro-electric power station. Russia holds a majority stake in the plant. (EurasiaNet.org)
Politics won't change the realities in nature Oct 28, 2009
But the editorial failed to report that a good number of the scientists and foundations involved are in some measure funded by energy companies who just might have a vested interest in things staying as they are. Now, I'm not an Al Gore fan in any way. (Lodi News Sentinel, CA)
Tyco to sell Dulmison Oct 27, 2009
Tyco Electronics (NYSE:TEL) makes electronic components; infrastructure components and systems for telecommunications and energy companies; and products and systems for mobile radio networks. It also builds underseas electronic telecommunications systems. (Philadelphia Business Journal, PA)
More earnings, GDP coming out this week Oct 26, 2009
Reports from several major energy companies, including ConocoPhillips and Exxon Mobil Corp., as well as insurers Aetna Inc. and MetLife Inc., are also expected. advertisement. (MSNBC -- Business)
Barrage of Earnings, Economic Data to Drive Market Oct 26, 2009
Reports from several major energy companies, including ConocoPhillips and Exxon Mobil Corp., as well as insurers Aetna Inc. and MetLife Inc., are also expected. Coming off a rocky week, investors are looking for more evidence that the economy is in recovery. (ABC News -- Wire)
OKC, Tulsa rank among top 10 economies Oct 25, 2009
Both Oklahoma City and Tulsa have some prominent energy companies, including Williams Cos Inc. in Tulsa and Devon Energy Corp. and Chesapeake Energy Corp. in Oklahoma City, Agee said. The study ranked San Antonio the No. 1 city on the list, followed by the Austin-Round Rock Texas metro area at No. 2. (Pine Bluff Commercial, AR)
Resources keep JSE afloat Oct 25, 2009
" On Thursday, Travelers, 3M and McDonald's pushed stocks higher and sent the Dow back above the psychologically important 10,000 level, with all three firms now pushing stocks lower early on Friday. In addition, a drop in oil prices of nearly $1 to near $80 a barrel weighed on energy companies. Counteracting any morning weakness, technology stocks continued to rally, with the tech-heavy Nasdaq Composite up 12 to 2177. Microsoft added to a view that recovery may be taking hold across the... (Business Report, South Africa)
Merkel's Coalition Agrees on $36 Billion Tax Cut, Nuclear Power Reprieve Oct 25, 2009
Details are to be negotiated with energy companies. Nuclear-power stations run by Dusseldorf-based , of Essen, , which is based in Stockholm, and Karlsruhe-based EnBW Energie Baden-Wuerttemberg AG generated 23 percent of Germanys electricity last year. (Bloomberg -- Germany)
Some jobs just need the right workers Oct 25, 2009
And employers that demand highly specialized training -- like biotech firms that need plant scientists or energy companies that need geotechnical engineers to build offshore platforms -- struggle even more to fill jobs. The trend has been intensified by the speed of the job-market decline, Koropeckyj said. (Daytona Beach News Journal -- Business)
Blowing smoke on warming, clean air Oct 24, 2009
6 billion in lobbying by energy companies since 1998. Energy companies also gave Republicans 72 percent of their $304 million in campaign contributions from the 2000 through 2008 election cycles, in data from the Center for Comprehensive Politics ... Fortunately, the climate change science is so solid that several energy companies as well as some lobbyist groups such as Edison, have decided to negotiate with the Obama administration, its revamped EPA, and the Democratic majority in Congress. (Boston Globe)
Korea National's Takeover of Harvest May Be Followed by More Canada Deals Oct 23, 2009
Oct. 22 (Bloomberg) -- s agreement to buy Harvest Energy Trust for a 37 percent premium may be followed by more deals for Canadian energy companies as crude prices continue to rise, investors said. There is a lot of product out there to be bought, and it seems that financial markets are cooperative and companies are able to raise the money to buy, said , co-manager of the C$400 million ($381 million) Bisset Income Fund in Calgary. (Bloomberg -- Canada)
Soaring Oil Raises Fresh Possibility Of Windfall Profits Tax On Crude Oct 22, 2009
Obama made demonizing energy companies a signature campaign issue. He promised to "put a windfall profits tax on oil companies and use it to help ... families pay their heating and cooling bills and reduce energy costs." Later, he promised a $1,000 rebate paid for by this tax. (Investors Business Daily)
GE Latest to Win Gorgon Project Work as Contract Awards Near $10 Billion Oct 22, 2009
Ulsan, South Korea-based Hyundai Heavy, the worlds largest shipyard, is expanding into LNG facilities as energy companies increase exploration. The company said it will build 48 fabricating modules on Barrow Island. (Bloomberg -- Australia & New Zealand)
