The so-called East Siberia-Pacific Ocean (ESPO) crude oil pipeline from Russian oilfields in western Siberia will be more than 3,000 miles long when it is completed. Part of the project to transport Russian crude…
Chesapeake Energy Corp. (NYSE: CHK), the largest natural gas producer in the US, is cutting its gas production again, bringing the total reduction to about 400 million cubic feet/day. That total includes a 200…
There could be some trouble ahead in at least some of the entities in the pipeline business and the practice of distributions from LP’s if you look at operating numbers and the trends in…
Sunoco, Inc. (NYSE: SUN) has signed a definitive agreement with a subsidiary of Holly Corporation (NYSE: HOC) to sell Holly its 85,000 barrel/day refinery in Tulsa, Oklahoma, for $65 million. The sale includes the…
Chinese solar panel maker Yingle Green Energy Holding Company Limited (NYSE:YGE) has taken a loan of $50 million from a credit line established earlier this year with ADM Capital and the China Export-Import Bank.…
We have just seen another build in crude oil inventories according to the Department of Energy data. The build is not in finished products, but the increase in crude oil inventories was +5.6 million…
First Solar, Inc. (NASDAQ:FSLR) has signed a deal with a division of Sempra Energy (NYSE:SRE) to build a 48-megawatt photovoltaic power plant that expands an existing 10-megawatt plant near Boulder City, Nevada. Construction is…
We’ve been tracking the rig count from Baker Hughes Inc. (NYSE:BHI) for a long time, and the bad news on North American drilling has finally tapered off. Now, Basic Energy Services (NYSE:BAS) has issued…
Sunoco Logistics Partners L.P. (NYSE:SXL), a pipeline master limited partnership, has increased an already-announced offering of common units from 2 million to 2.2 million, and priced the offering at $50.60/common unit. That’s a discount…
Marathon Oil Corporation (NYSE:MRO) has issued its interim update for the first quarter of 2009. The company’s E&P results came in higher than expected, 429,000 barrels of oil equivalent per day available for sale,…
These are some of the analyst calls we have seen up and down in the oil patch this Tuesday morning: Mariner Energy (ME) Started as Buy at Jefferies. BP (BP) Cut to Perform at…
There has been a never-ending battle between rapidly changing energy prices and the effect on margins at refineries. Since the beginning of the year, the best-performing crude oil refiner has been Western Refining Inc.…
Baker Hughes (NYSE: BHI) has released its weekly rig count. The overall count between the U.S. and Canada did post another drop despite the notion that oil prices have risen back to where many…
FuelCell Energy, Inc. (NASDAQ:FCEL) has received final approval from the Connecticut Department of Public Utility Control to build 9 plants that will together generate 27.3 megawatts of electricity. The state issued preliminary approval of…
A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) is a Chinese maker of distributed power generation systems and, just recently, wind turbines. The company reported fourth quarter and full-year 2008 results before the market opened this…