Gas Jumps Again
Gas prices rose for the eighth straight day and the price per gallon of regular is above $3.85 nationwide. The price is over $4 in seven states, which includes the most populous — California…
Energy
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Newest first · Page 383Fuel Transportation Firm Suspends Dividend (FUEL)
Energy and fuel logistics firm SMF Energy Corp. (NASDAQ: FUEL) announced this morning that it would suspend its quarterly dividend “until further notice,” beginning with the current quarter. The company had been paying a…
China Sees Explosive Growth in Shale Gas Production (RDS-A, PTR, CVX, TOT, BP)
Under a new development plan released today, China forecasts production growth of natural gas from its shale deposits of around 230 billion cubic feet by 2015, up from zero today. The country also expects…
Atlas Resource Partners Acquires Barnett Shale Assets (ARP, CRZO, ATLS)
Independent oil & gas partnership Atlas Resource Partners L.P. (NYSE: ARP) has agreed to purchase approximately 277 billion cubic feet equivalent of proved natural gas resources from Carrizo Oil & Gas Inc. (NASDAQ: CRZO)…
Exxon Stops Work on Papua New Guinea LNG Plant (XOM)
Exxon Mobil Corp. (NYSE: XOM) has stopped work in one location on its $15.7 billion liquefied natural gas (LNG) plant in Papua New Guinea. The stoppage is the result of another dispute with landowners…
Renesola Puts Up Weak Numbers, Guides Sales Higher (SOL, HSOL)
Chinese solar maker Renesola Ltd. (NYSE: SOL) reported results this morning that missed earnings estimates, but managed to beat the estimate on revenues. Given the state of the solar panel market that’s not especially…
US And UK May Release Oil Reserves
There continue to be rumors that the US and UK will release some of their strategic oil reserves to help relieve rising in gas and oil prices. Gas prices rose again yesterday to $3.831…
Kinder Morgan Agrees to Shed Assets to Complete El Paso Acquisition (KMI, KMP, EP, EPB)
US pipeline company Kinder Morgan Inc. (NYSE: KMI) has reached a tentative agreement with the US Federal Trade Commission (FTC) on asset sales that Kinder Morgan must make in order to get FTC approval…
Natural Gas Inventories Fall, Prices Rise
The US Energy Information Administration today reported the US natural gas stocks fell by a total of 64 billion cubic feet, higher than the drawdown of 56-60 billion cubic feet that analysts had expected.…
Demand Rising for Oil Tankers (FRO, NAT, TK)
The CEO of Frontline Ltd. (NYSE: FRO) told Reuters that the demand for oil tankers is unexpectedly high right now as imports to China swell. This could be good news for other tanker lines…
A123 Snags Geely/Volvo Deal In China (AONE)
A123 Systems, Inc. (NASDAQ: AONE) has announced that Advanced Traction Battery Systems, its co-owned Shanghai-based joint venture company, has been selected to develop battery packs for a new plug-in hybrid electric sedan from Geely…
Sinopec to Shuffle Assets (SNP, DVN, CEO)
China Petroleum & Chemical Corp., known popularly as Sinopec (NYSE: SNP), has said that it will acquire all the overseas oil & gas assets of parent company China Petrochemical Corp., better known as Sinopec…
Hanwha SolarOne’s Results Worse than Bad (HSOL)
South Korean-owned solar panel maker Hanwha SolarOne Co. Ltd. (NASDAQ: HSOL) reported fourth quarter and full-year earnings this morning, and the company may have put up the worst numbers yet for any solar maker.…
Will Release of Strategic Oil Reserves Matter?
There have been rumors in the media than President Obama and UK Prime Minister David Cameron may release strategic oil reserves — crude stored by the countries in the event of a supply disruption emergency.…
Chinese Wind Power Firm Opens US R&D Facility (MY, XJNGF, VWDRY)
China Ming Yang Wind Power Group Ltd. (NYSE: MY) has opened a US research and development facility at North Carolina State University’s Centennial Campus. The new R&D center will focus its research on offshore…