Over the next five years, global demand for natural gas will rise at an average annual growth rate of 2.7% according to a report from the International Energy Agency (IEA) entitled Medium-Term Gas Market…
Westport Innovations Inc. (NASDAQ: WPRT) is going to be a winner from the move that would generally be considered a goal of the Pickens Plan for an energy policy. The maker and designer of…
The board of directors of Chesapeake Energy Corp. (NYSE: CHK) has agreed to demands from its two largest shareholders, Southeastern Asset Management and Carl Icahn, to replace four of its independent directors. Southeastern will…
Natural gas producer Vanguard Natural Resources LLC (NYSE: VNR) announced this morning that it has agreed to purchase natural gas and liquids assets from privately held Antero Resources for about $445 million. The company…
As much of the world moves into or toward recession, Brent crude has fallen to less than $100 a barrel from $120 four months ago. It is only a coincidence, but it begs the…
In a brief press release this morning, BP plc (NYSE: BP) has said that the company has “received unsolicited indications of interest regarding the potential acquisition of its shareholding in TNK-BP.” TNK-BP is a…
The price for Brent crude has dropped below the $100 milestone for the first time since October. It is another signal that the world is: 1) no longer worried about a major supply interruption,…
Endeavour International Corporation (NYSE: END) is not exactly a household name in the oil sector… It is also hard to get excited about such a small-cap name when you consider the other larger opportunities…
Lithium-ion battery maker A123 Systems Inc. (NASDAQ: AONE) has notified the US Securities and Exchange Commission that “there is substantial doubt on the Company’s ability to continue as a going concern.” A123 was hit…
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 2.2 million barrels last week, bringing the total US commercial crude inventory to 384.7…
The US Department of Commerce and its International Trade Administration have imposed countervailing duties on imports of utility scale wind towers manufactured in China. The tariffs range from 13.74% to 26%, depending on the…
The US Energy Information Administration today reported the US natural gas stocks rose by a total of 71 billion cubic feet, in line with the 70 billion cubic feet increase that analysts had expected.…
WTI crude hit a high for the year of just over $110/barrel in February. WTI closed at just under $88/barrel last night. The price for Brent crude has fallen from near $127/barrel to around…
Brent crude traded as low as $104, down from closer to $120 just three months ago. The drop should continue based on data about the faltering economies of India and Brazil. Most analysts claim…
At the company’s shareholders meeting today, the CEO of Exxon Mobil Corp. (NYSE: XOM) said that Exxon is studying the possibility of exporting natural gas from the US Gulf Coast and Canada. Natural gas…