DALLAS–(BUSINESS WIRE)–Pioneer Natural Resources Company (NYSE:PXD - News) today announced financial and operating results for the quarter and year ended December 31, 2009.
Pioneer reported fourth quarter net income attributable to common stockholders of $57 million, or $.48 per diluted share. Net income included a noncash unrealized loss on commodity derivatives of $38 million after tax, [...]
TOKYO (Dow Jones)–Tokyo Electric Power Co. (9501.TO) and Tokyo Gas Co. (9531.TO) separately said Monday that they have extended purchases of liquefied natural gas from the Kenai LNG plant in the U.S. state of Alaska by two years to March 31, 2011.
Japan’s largest power utility by capacity, also known as Tepco, and Japan’s largest [...]
ANCHORAGE, Alaska–(BUSINESS WIRE)–ExxonMobil Production Company announced today that it has completed drilling and casing the surface section on the second well at Point Thomson. The well reached its target surface-section depth of 4,875 feet. Both wells are planned to be completed to their final depths by year end 2010. Additionally, construction work is progressing on [...]
June 8, 2009 (FinancialWire) — U.S. Geothermal Inc. (HTM) has been selected by the U.S. Department of Energy to enter into due diligence review on an $85 million project loan for its Neal Hot Springs project in eastern Oregon. Geothermal initiatives have also been announced by Ormat Technologies, Inc. (ORA), WaterFurnace Renewable Energy, Inc. (WFI) [...]
By LES BLUMENTHAL - McClatchy Newspapers
WASHINGTON — The Obama administration has proposed a 25 percent cut in the research and development budget for one of the most promising renewable energy sources in the Northwest - wave and tidal power.
At the same time the White House sought an 82 percent increase in solar [...]
By Margot Roosevelt
The most likely place for oil in the Arctic is off northern Alaska in the Chukchi Sea, the researchers report. But conservationists warn of drilling in the fragile environment.
A full 30% of the world’s undiscovered gas and 13% of its undiscovered oil are estimated to be located north of the Arctic Circle, [...]
NEW YORK, May 22 (Reuters) - The number of rigs drilling for natural gas in the United States fell by 17 to 711 this week, the lowest level in nearly 6-1/2 years, according to a report issued Friday by oil services firm Baker Hughes in Houston.
U.S. natural gas drilling rigs have been in a [...]
DOW JONES NEWSWIRES
The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn’t purport to be a comprehensive list.
ExxonMobil (XOM) shut a CO Boiler at key gasoline-making FCCU No. 3 at its Baytown, [...]
By TODD J. GILLMAN and MICHAEL A. LINDENBERGER / The Dallas Morning News
Todd J. Gillman reported from Washington; Michael A. Lindenberger reported from Dallas.
Sen. Kay Bailey Hutchison will propose a bill today that would let Texas opt out of the federal highway system and keep every penny of fuel tax collected at the pump.
About 30 [...]
ANCHORAGE, Alaska — Naknek Electric Association, banking on a decade of geothermal research and planning, is preparing to drill an exploration well near King Salmon in a multimillion dollar project with potential to provide power to 28 villages in southwest Alaska.
“We are very excited about the potential geothermal resource and the enormous benefit to our [...]
