ThinkstockWhen the Chinese government’s National Development and Reform Commission announced yesterday that it will add 10,000 megawatts of solar capacity in 2013, today’s jump in solar stocks be came a sure thing. How China…
ThinkstockBy John C.K. Daly of Oilprice.com Whether one believes 100 percent in the science behind global warming, the fact is that the northern polar ice cap is in retreat, sparking an energy resource scramble…
ThinkstockOil refiner Tesoro Corp. (NYSE: TSO) announced late yesterday that it would close its 93,500 barrel per day refinery in Kapolei, Hawaii, this coming April. The company has been seeking a buyer for the…
ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 1.3 million barrels last week, bringing the total US commercial crude inventory to 361.3…
thinkstockWe noted yesterday the impact on crude oil and gasoline prices of the growing U.S. production of crude oil and other liquids. A side effect of that production growth will be a cut in…
ThinkstockDespite a reasonably consistent year for oil and gas prices, master limited partnerships (MLPs), which exist predominantly in the energy space, had a difficult year in 2012. Some have attributed the move out of…
ThinkstockProblems with a Royal Dutch Shell PLC (NYSE: RDS-A) drilling rig that broke loose several days ago and drifted to shore have created bigger headaches for the oil firm than it might have expected,…
thinkstockIn its monthly Short-Term Energy Outlook released today, the U.S. Energy Information Administration (EIA) has for the first time forecast crude oil prices for 2014 to go along with forecasts for this year. A…
ThinkstockInvestment firm Sterne Agee this morning published its outlook for the oil field services sector, calling for limited upside in North American activity, improvement in international drilling, and a trend toward growth in deepwater…
ThinkstockAfter withdrawing a planned spin-off of a master limited partnership in November, SunCoke Energy Inc. (NYSE: SXC) this morning announced that its wholly-owned subsidiary SunCoke Energy Partners L.P. has launched an initial public offering…
ThinkstockOil field services company Baker Hughes Inc. (NYSE: BHI) this morning reported that its count of foreign oil and gas drilling rigs fell from 1,267 in November to 1,253 in December. Adding in Canadian…
ThinkstockA Brazilian oil and gas player has filed to come public in the United States. The company is called QGOG Constellation S.A., and it calls itself a market leading Brazilian-controlled provider of offshore and onshore…
ThinkstockBy John C.K. Daly of Oilprice.com China is the world’s largest coal producer and consumer and currently accounts for about half of the global coal consumption. The U.S. Energy Information Agency noted in its 2012 country…
ThinkstockEnvironmental advocacy groups expressing concern over frontier oil developments in the Alaskan arctic started the New Year on news that Shell’s (NYSE:RDS.A) problems in the region continue. This week’s grounding of the drill ship…
courtesy U.S. State DepartmentThe much-maligned Keystone XL pipeline project proposed by Transcanada Corp. (NYSE: TRP) today received a go-ahead from the state of Nebraska’s Department of Environmental Quality. The state’s governor, Republican Dave Heineman,…