By CHRIS KAHN
NEW YORK (AP) — Rapidly climbing energy prices stalled this week as a steady stream of dismal financial news suggested that even if the global economy has bottomed out, it will be some time before demand for crude rebounds.
Benchmark crude for June delivery dropped $2.28 to settle at $56.34 a barrel on the [...]
Cameco Corp. is putting itself in position to consolidate the beaten-down uranium sector.
The Saskatoon-based company announced yesterday it is raising as much as $460-million in a bought deal financing. Combined with its current cash position, Cameco will have a war chest that could exceed $700-million.
And it made no mystery of what it hopes to do [...]
LONDON (Reuters) – Oil prices slipped below $41 a barrel on Friday as data showing a big rise in U.S. unemployment deepened gloom over the outlook for the world’s biggest oil consumer.
U.S. employers slashed payrolls by 524,000 in December, driving the national unemployment rate to its highest level in almost 16 years, a government report [...]
OTTAWA (Reuters) - Teck Cominco Ltd (TCKb.TO: Quote) will cut about 1,400 jobs, or 13 percent of its staff, as part of its plan to clip costs and keep competitive as commodity prices remain weak, the Canadian mining company said on Thursday.
Teck, which expects to save about $85 million annually with the job cuts, also [...]
An analyst says a Sempra Generation project powering California homes beats conventional sources on cost-effectiveness.
By Marla Dickerson
Generating clean electricity that’s as cheap as power from fossil fuels is the Holy Grail of green-energy companies. A new solar project powering California homes appears to be closing in on that prize.
Sempra Generation, a subsidiary of Sempra Energy [...]
Geothermal energy could provide up to 15 percent of Dublin’s hot water and heating in the next five to seven years, according to an industry figure.
Padraig Hanley, a geothermal contractor, told the Geothermal Association’s of Ireland’s annual conference that tests in the Newcastle area showed 10,000 homes could benefit from heat from deep underground, the [...]
Posted by Martin LaMonica
Even with the teetering economy, solar companies are bullish that tapping free energy from the sun is a solid financial move.
SkyFuel, a company spun out of the National Renewable Energy Laboratory (NREL), on Friday is hosting an event to unveil its solar power plant system: a parabolic [...]
