Magellan Petroleum Corporation (Nasdaq: MPET - News; ASX: MGN - News) reported a consolidated net loss of $1.3 million (loss of $0.03 per share) on gross revenues of $8.9 million for its fiscal first quarter ended September 30, 2009, as compared to net income of $1.5 million ($0.04 per share) on revenues of $10.4 million [...]
BAGHDAD – The Iraqi government has approved a deal with a consortium led by British giant BP PLC to develop a prized oil field in the south in a major step forward for the country’s oil industry.
BP, which was booted from the country in 1972 when Saddam Hussein nationalized the oil industry, and its partner [...]
All values are in Canadian dollars and conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.
Provident Energy Trust (Provident) (TSX:PVE.UN - News) (NYSE:PVX - News) today announced its 2009 second quarter interim financial and operating results, the acquisition of additional fractionation capacity at Sarnia, its decision [...]
LOS ALTOS, Calif., June 12 /PRNewswire/ — Photon Energy Services, a leading developer and integrator of solar electric generation systems, has unveiled plans to create one of the largest Catholic solar projects in America working in collaboration with the Diocese of San Jose. Partnering with 5 parish/school combinations and one cemetery, Photon will provide solar [...]
Enterra Energy Trust’s (”Enterra”, “We”, “Our” or the “Trust”) annual credit facility renewal process has been completed with its Bank Syndicate lenders, The Bank of Nova Scotia, HSBC Bank Canada and Union Bank of California. The credit facility revolving period has been renewed until June 25, 2010 and has a further one year term out [...]
DALLAS–(BUSINESS WIRE)–Today energy expert T. Boone Pickens provided his sixth consecutive monthly update on the level of United States’ oil importation.
Pickens said that based on the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA), the U.S. imported 65 percent of its oil, or 366 million barrels, in May 2009, sending approximately [...]
By Lowana Veal
REYKJAVIK, May 26 (IPS) - Geothermal energy has always been thought of as a clean, renewable form of power, but since the Hellisheidi geothermal power plant began operation about 30 km from central Reykjavik in 2006, various problems have come to light.
Not long after the station started producing electricity, Reykjavik residents became aware [...]
NEW YORK (AP) — Oil prices wavered Thursday as the nation’s employment picture darkened and consumers pulled back on spending.
Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at $50.80 a barrel on the [...]
A layoff in Lexington appears to contradict President Obama’s initiative to generate employment through increased green energy production.
Officials blame bad timing for the decision to cut jobs at PPG Industries, a Pittsburgh-based specialty products manufacturer that supplies to the wind energy industry. The company announced Friday that 110 of the 420 employees at its Lexington [...]
Weak reports on new home sales and rising job losses continue to weigh on crude prices
NEW YORK (CNNMoney.com) – Oil prices sank Thursday as a sour housing market signaled that demand would continue to remain low as the economic crisis rolls on.
U.S. crude for March delivery ended the day down 72 cents to settle at [...]
