BP May Face $18 Billion In Fines From US
The US Clean Water Act has provisions that could allow the American government to charge BP plc (NYSE: BP) up to $4,300 per barrel of oil spilled into the Gulf. According to The New…
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Newest first · Page 423BP Clean-Up Costs Reach $4 Billion
BP plc’s (NYSE: BP) direct costs to clean up the damage from its leaking well in the Gulf of Mexico rose to $4 billion over the weekend. That is a relatively small amount compared…
Smart Grid Challenges and Opportunities (CEG, CNP, DUK, NEE, PGN, EXC, HON, ED, WHR, GE, ELON, MTZ, GRID)
Of the $787 billion federal stimulus bill passed in 2009, more than $3.4 billion was targeted at modernizing the US electricity transmission and distribution systems and promoting investments in smart grid technologies. When corporate…
Mixed Picture in Oil Rig Counts (BHI, OIH, USO)
With all of the trouble in drilling in the Gulf of Mexico, we wanted to look at the most recent weekly rig count data just released from Baker Hughes Inc. (NYSE: BHI). We are…
Trouble in Oil Spill Clean-Up Shares (BP, CLH, NLC, NR, MOPN)
BP plc (NYSE: BP) managed to get a cap on the well disaster in the Gulf of Mexico. Pressure continues to build and it is unknown if the cap will hold. But over the…
Honda Going Green with Hybrid-only Civic
There hasn’t been an official announcement yet, but it seems that Honda Motor Co. (NYSE: HMC) will stop building its gasoline-powered Civic for the domestic Japanese market. The company will also stop making its…
The Question Emerges Again: What If The Well Can’t Be Capped
BP plc (NYSE: BP) was going to put a new cap on its well which is leaking as much as 60,000 barrels a day of crude into the Gulf of Mexico. Then, that plan…
Oil Keeps Gushing, As US Dithers
BP plc (NYSE; BP) has delayed putting its new cap in place over the pipe that is spewing oil 5,000 feet below the Gulf of Mexico’s surface. It believes that it can begin to…
Chevron Expects Improved Profits on Refining Gains (CVX, BP, XOM, COP)
Chevron Corp. (NYSE: CVX) has released its interim update for the 2010 second quarter ahead of its earnings release scheduled for July 30th. Chevron expects earnings to rise about first quarter earnings on “significantly…
US Issues New Drilling Ban
Secretary of the Interior Ken Salazar directed the Bureau of Ocean Energy Management, Regulation and Enforcement to issue new suspensions of deepwater drilling on the Outer Continental Shelf , saying a pause is needed…
BP May Make Huge North American Asset Sale
BP Plc is in talks to sell up to $12 billion of assets, including a stake in Alaska’s Prudhoe Bay, to Apache Corp to help pay for its Gulf of Mexico oil spill, The…
BP Removes Well Cap, Oil Flows Freely
It is a risky move that could backfire. BP plc (NYSE: BP) will replace the current cap on its leaking well with a new one which could collect more crude. The cap which has…
China Puts Up More Money to Build Solar Capacity (YGE, STP, TSL, WFR, FSLR, SPWRA)
The government-owned China Development Bank has just made its third massive loan to one of the country’s solar energy makers, bringing its total commitment to about $17 billion. The combined size of the loans…
Another Court Rejects Obama Oil Rig Shutdown
Obama may never get his way as he tries to shut down deepwater drilling in the Gulf as a reaction to the BP disaster An appellate court upheld a ruling the the government does…
BP Recovery Quantities Far Short of Promised Capacity
Less than a month before the Macondo well blew out and the Deepwater Horizon exploded and sank killing 11 workers, BP plc (NYSE:BP) had filed a document with federal regulators claiming that the company…