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Another Likely Survivor of the Chinese Solar Shakeout: JA Solar

ThinkstockJA Solar Holdings Co. Ltd. (NASDAQ: JASO) reported fourth-quarter and full year 2012 results before markets opened this morning. The China-based solar panel maker reported a net loss per American Depositary Share (ADS) of…

Paul Ausick · 13 years ago

BP’s $8 Billion Buyback Is Money Badly Spent

courtesy of BP plcBritish-based oil supermajor BP PLC (NYSE: BP) deposited a check for nearly $12.5 billion yesterday as it closed the sale of its 50% in TNK-BP to Russia’s Rosneft. The company announced…

Paul Ausick · 13 years ago

Goldman Tells Europe Refiners to Cut Production

ThinkstockFrom 2007 to 2012, imports of crude oil to the northeastern U.S. have fallen from around 1.5 million barrels a day to 870,000 barrels according to the U.S. Energy Information Agency. The drop is…

Paul Ausick · 13 years ago

Natural Gas Supply Better Than Expected, Price Falls

thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 62 billion cubic feet last week, slightly less than the decline of 70 billion cubic feet anticipated by analysts.…

Paul Ausick · 13 years ago

BP Out of Russia — Finally

courtesy of BP plc The long saga of BP PLC (NYSE: BP) and its operations in Russia is just about wind up. The U.K. firm today closed the sale of its 50% stake in…

Paul Ausick · 13 years ago

China Picks a Solar Company to Rescue

thinkstockWith Suntech Power Holdings Co. Ltd. (NYSE: STP) now in Chinese bankruptcy court, the shakeout in the Chinese solar industry is officially underway. What’s shakin’ today is a $51 million 15-year loan to solar…

Paul Ausick · 13 years ago

BP Skips Gulf of Mexico Lease Sale

ThinkstockThe U.S. Bureau of Ocean Energy Management (BOEM) received bids on 1.7 million acres in the U.S. Gulf of Mexico at today’s auction, but none of the bids came from BP plc (NYSE: BP).…

Paul Ausick · 13 years ago

Biofuel Maker’s Shares Rise on Favorable Patent Ruling

ThinkstockBiofuel maker Gevo Inc. (NASDAQ: GEVO) won a partial victory in federal court yesterday when a judge ruled that its method for producing isobutanol does not infringe on a patent held by Butamax Advanced…

Paul Ausick · 13 years ago

Surprise Drop in U.S. Crude Inventory

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week, bringing the total U.S. commercial crude inventory to 382.7…

Paul Ausick · 13 years ago

Suntech Bankruptcy Heads for Chinese Courtroom

thinkstockOnce the world’s largest producer of solar PV cells and modules, Suntech Power Holdings Co. Ltd. (NYSE: STP) announced this morning that a group of eight Chinese banks have filed a petition for insolvency…

Paul Ausick · 13 years ago

Chesapeake Raising Another $2.3 Billion in Capital

thinkstockChesapeake Energy Corporation (NYSE: CHK) is raising more capital, with this latest offering being a debt offering to the tune of about $2.3 billion. The laddered maturity schedule is going to be three years,…

Jon C. Ogg · 13 years ago

Sanchez Energy Acquires Eagle Ford Assets from Hess

ThinkstockSmall-cap independent oil and gas producer Sanchez Energy Corp. (NYSE: SN) this morning announced that it had purchased approximately 43,000 net acres in the Eagle Ford shale play in South Texas from Hess Corp.…

Paul Ausick · 13 years ago