WASHINGTON — The Obama administration yesterday unveiled a spending plan that would increase funding for the U.S. National Nuclear Security Administration to $11.2 billion in the next fiscal year (see GSN, Jan. 29).
The agency, a semiautonomous branch of the Energy Department, would receive a 13.4-percent budget increase in fiscal 2011 to maintain the country’s nuclear [...]
Exxon Mobil’s (XOM) investment thesis seems obvious. With their takeover plans for XTO Energy (XTO) it appears we have a very rare chance to buy the shares of the cash-rich, dividend-yielding “King of the Diversified Energy Companies.”
With it’s forward PE nearing 11, a 2.5% yield, priced at close to 1X sales, over $30 billion in [...]
HOUSTON–(BUSINESS WIRE)–Halliburton (NYSE:HAL - News) announced today that it will present at the 2010 Credit Suisse Energy Summit on Wednesday, February 3, 2010, at 9:45 a.m. Central Time (8:45 a.m. Mountain Time).
Interested parties may listen to the presentation live over the Internet by accessing the link to the web cast at www.halliburton.com. Please go to [...]
PITTSBURGH, Oct. 22 /PRNewswire-FirstCall/ — CONSOL Energy Inc. (NYSE: CNX - News), a producer of high-Btu thermal coal, metallurgical coal, and natural gas, reported net income attributable to CONSOL Energy shareholders for the quarter ended September 30, 2009 of $87.4 million, or $0.48 per dilutive share. This is nearly equal to the net income attributable [...]
Jennifer A. Dlouhy, Hearst Washington Bureau
The House passed legislation on Wednesday that would initiate a $1 billion program to make wind turbines more efficient and reliable.
The measure, sponsored by Rep. Paul Tonko, D-N.Y., aims to ensure that huge wind-generating turbines - some with blades spanning 100 yards - can be more cost effective in harnessing [...]
By John Carey
While Washington focuses on health care, another battle looms in the Senate for carbon cap-and-trade legislation
Even as the health-care fight dominates the headlines, another Washington battle is heating up over climate and energy. In late June, the House of Representatives passed a landmark bill putting caps on the emissions that cause global [...]
The United Steelworkers (USW) withdrew from talks today with the American Petroleum Institute (API) and the oil industry over the development of two new American National Standards Institute (ANSI) standards for process safety performance indicators and fatigue. Discussions regarding the consensus standard were initiated at the suggestion of the Chemical Safety Board (CSB) in the [...]
The US Department of Energy has announced $22 million from the American Recovery and Reinvestment Act (ARRA) to support community renewables projects and $52.5 million for research into concentrating solar power.
The $22 million will support the planning and installation of up to four community renewable energy projects, including solar, wind, biomass and geothermal systems.
The DOE [...]
LONDON (Dow Jones)–The U.K. government needs policies that will allow the development of more nuclear power and less wind energy, the Confederation of British Industry said Monday.
This would result in a balanced energy mix with less dependence on imported gas, lower greenhouse gas emissions by 2030 and cheaper energy bills, the CBI said.
The comments [...]
Scotland’s energy future should be based on non-nuclear sources.
The SNP today welcomed a report from the Parliament’s Economy, Energy and Tourism Committee which supported the Scottish Government’s plans for Scotland to build a clean, green and renewable energy future as SNP MSP Rob Gibson called for the UK Government to release £150 million of potential [...]
