Foreign firms and their subsidiaries will receive about $750 million of the $2.3 billion in tax credits for clean energy manufacturing projects announced recently by the Obama Administration. That represents nearly 33 percent of the total awards, which are intended to spur U.S. manufacturing of clean energy technologies.
A detailed review of the 183 projects receiving [...]
Oil prices were essentially flat to end the week after Federal Reserve Chairman Ben Bernanke said this week that interest rates will have to be raised when the economy recovers in order to avoid inflation.
It has been the weak dollar that has attracted billions in investments in energy markets this year because oil is priced [...]
PARIS–(BUSINESS WIRE)–Toreador Resources Corporation (NASDAQ:TRGL - News) today announced it has completed its sale of Toreador Turkey Ltd. to Tiway Oil (“Tiway”), a private Norwegian energy company, as announced on October 1, 2009, for a total consideration of US$10.6 million paid at closing plus exploration success payments of up to $40 million plus contingent future [...]
PARIS–(BUSINESS WIRE)–Regulatory News:
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it has been awarded a contract by Pemex to acquire and process 75,000 km2 of 3D seismic data offshore Gulf of Mexico. The program is expected to start in October 2009 and extend through 2013. Total contract value is approximately $465 million.
The day rate [...]
NEW YORK–(BUSINESS WIRE)–Lazard Ltd (NYSE: LAZ - News) announced today that Jack Lentz, a leading oil and gas dealmaker, will join the firm as Chairman, International Oil & Gas, effective June 10. Mr. Lentz had previously served as the head of Lehman Brothers’ worldwide energy practice.
“We are delighted to have attracted Jack, an outstanding professional. [...]
TERENGGANU: Tenaga Nasional Bhd (TNB) targets to commission the first nuclear power plant in Malaysia by 2025 if the government decides to include nuclear as an acceptable energy option.
Head of nuclear energy unit TNB, Dr Mohd Zamzam Jaafar said TNB cannot ignore nuclear energy amid the uncertain future supply and volatile fossil fuel prices as [...]
French president says he wants to help UAE stabilize world oil prices
ABU DHABI, United Arab Emirates (AP) — French President Nicolas Sarkozy urged both oil-rich nations and industrial powers Tuesday to work to stabilize world oil prices, noting that the global economy cannot afford major price swings while it works to recover from the [...]
HOUSTON, May 22 — Energy prices fell May 21 with the biggest one-day drop in natural gas futures prices since August 2007 as the major US equity stock indexes were hammered and the dollar gained in value.
The front-month crude contract fell from a 6-month high but remained above $61/bbl on the New York Mercantile [...]
CAMBRIDGE, Mass.–Advocates say a nuclear power “renaissance” can solve global energy problems, but construction of new reactors in the U.S. faces a number of barriers, not the least of which is nuclear waste.
Delaware Senator Thomas Carper, who actively supports nuclear power, hosted a panel of experts on Monday to discuss nuclear waste at the Massachusetts [...]
France and Pakistan have agreed to co-operate on civilian nuclear power, officials said, with Islamabad calling the move a “significant development”.
But there is confusion over the deal reached by French President Nicolas Sarkozy and his Pakistani counterpart.
Pakistani officials said Mr Sarkozy had undertaken to supply Pakistan with “civilian nuclear technology”.
But the Elysee Palace said France [...]
