Now that BP plc (NYSE: BP) has topped $20 billion in divestments to help pay for the estimated $40 billion in damage caused by its Macondo well blow-out in April, the company is turning…
Advanced Battery Technologies, Inc. (NASDAQ: ABAT) is taking a small hit this morning on news that it is raising capital. The developer of rechargeable polymer lithium-ion batteries and electric vehicles has entered into agreements…
While there are no major mergers being announced in the energy patch, we do have several expansion deals from energy leaders in oil and gas. ExxonMobil Corp. (NYSE: XOM) has a deal in Canada,…
BP plc (NYSE: BP) may still be very hated by many in the Gulf Coast region. The company is still trying to make good on its capital raise efforts to scale down in size…
GM (NYSE: GM) says the miles-per-gallon equivalent that its new Chevy Volt will get depends on how it is driven. The No.1 US car company says “The Volt is a complex vehicle that is…
There are several big knocks on the development of renewable energy solutions. The first, of course, is cost. The second is intermittency, that is the inability of wind or solar generation to work when…
One of the largest expected initial public offerings in the oil patch is now likely to be seen. We have been expecting this as a contingent IPO for some time and it appears to…
US shale gas deposits were known to have existed for decades. The problem was how to turn them into flowing wells. The natural gas was tightly compressed into small pockets in virtually impermeable rock.…
Among the causes of the spread of crude from the leak caused by an explosion of the Deepwater Horizon rig were that the federal government was in no position to assess the size of…
We are seeing a mixed bag on the rig counts in the oil patch. While the numbers are often higher than a year ago, they are on the decline from week ago data that…
Oil is off the peak again, the markets went soft, and governments are going to have to review spending on all fronts… including most subsidies. All of this aligns rather poorly for the solar…
Plains All American Pipeline LP (NYSE: PAA) is raising cash. The LP grew the size of the offering and this discount appears to be about 2%. The oil and nat-gas transporter and storage facility…
The price of a barrel of WTI crude oil reached $88.63 early today, a level it has not reached in more than two years. The price has dropped a bit since then, trading right…
Not more than two or three years ago, energy companies believed that the US would begin importing large quantities of liquefied natural gas, or LNG. Re-gasification plants were either expanded or built to accommodate…
General Electric Co. (NYSE: GE) is furthering its ambitions to promote cleaner energy and its Ecomagination initiative, although this is actually a company-wide issue. GE has announced that it will purchase 25,000 electric vehicles…