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Credit Crunch Whacks Solar Firms
The recent boom in home and small-business solar installation owes its existence to easy credit, which is drying up rapidly amidst the broader mortgage crisis that's shaking financial markets.... Continued »
BNET Energy Insights
The Big Bad CEO of Big Coal
Over at BNET’s Corner Office blog, Peter Galuszka profilesĀ Donald Blankenship, CEO of Massey Energy, the number four coal producer in the U.S.
Dubbing Blankenship “the kind of executive liberal elites love to hate,” Galuszka notes his history of dubious environmental practices, browbeating unions, and shutting the press out of Massey’s annual meetings. Yet Massey is flying […]
- The Mortgage Crisis Delivers a Hit to Solar Firms
- U.S. Not Keeping Pace With Foreign Rivals on Solar Production
- Cost of Offshore Drilling Rising as Fast as Oil Prices
- Oil Recycling Company Cashes in On Soaring Crude Prices
- Big Hurdles Remain in ConocoPhillips-Tyson Biodiesel Venture
- More Energy Insights
Energy Articles
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ENRC Will Not Make Formal Bid For Rival Kazakhmys
By Eric Onstad LONDON (Reuters UK) - Mining group ENRC (ENRC) ended two months of considering a takeover of Kazakh rival Kazakhmys (KAZ), saying it would not make a formal bid ahead of a Friday deadline imposed by regulators. Kazakhmys said on Tuesday it was relieved...
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Massey Energy: The CEO as Tough Guy
Donald L. Blankenship cuts against the usual grain of a modern CEO. He's a tough guy who is not afraid to speak his mind, beat back environmental critics, hamstring unions or put his money where his mouth is when it comes to political spending. He is the kind of executive...
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FTSE Weighed Down By Gloomy Data
By Amanda Cooper LONDON (Reuters UK) - Blue-chip shares ended Tuesday's session in modestly negative territory, as grim economic data and writedowns at Alliance & Leicester (ALLL) hit banks, while fresh merger chatter buoyed the mining sector. The FTSE 100 fell 8.7 points to 6,211.9points,...
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Westpac Deal Raises Hopes of Australia Bank Shake-out
By Victoria Thieberger MELBOURNE (Reuters) - The largest banking takeover in Australia's corporate history has spurred investors to pile into shares of smaller banks in the hope of a sector shake-out. Westpac Banking Corp Ltd's (WBC) $17.6 billion all-share bid for smaller rival...
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Serco Confident of Double-digit Revenue Growth
LONDON (Reuters UK) - Support services group Serco (SRP) said on Tuesday it has continued to perform strongly since its results in February and is on track to deliver in line with its expectations for 2008. The firm, which operates the Docklands Light Railway, said ...
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Centrica Sees Lower Operating Profit
By Mike Elliott LONDON (Reuters UK) - Energy company Centrica (CNA) said that, as expected, first-half group operating profit would be materially below that of last year due to lower profitability at its British Gas retail business, hitting its shares. Britain's biggest domestic energy supplier said...
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dotMobi buys mobile web assets of Mowser
Vodafone-backed dotMobi is buying the mobile web technology of Mowser, the US startup which nearly closed down last month when founder Russell Beattie claimed mobile internet was dead. Beattie, however, will be joining dotMobi along with co-founder Mike Rowehl as part of the acquisition. No sum is disclosed, but...
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EnCana to Split in Two With Oil at Record Highs
By Jeffrey Jones and Scott Haggett CALGARY, Alberta (Reuters) - EnCana Corp (ECA), Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices...
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Chunk of Chevron's Job Cuts Seen in 2008: Filing
NEW YORK (Reuters) - Pointing at a slew of job cuts, Chevron Corp (CVX) said in a regulatory filing that about 1,100 employees were eligible for severance payments, after it implemented a restructuring plan in 2007. Severance payments for about 300 staffers, mostly...
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Iberdrola Set For British Energy Consortium Bid
By Carlos Ruano MADRID (Reuters UK) - Spanish energy group Iberdrola (IBE) would only bid for nuclear generator British Energy (BGY) as a minority partner in a consortium, an industry source said on Thursday. Newspapers had earlier said Iberdrola was preparing a bid for British...
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Oil Companies Settle MTBE Groundwater Suit
NEW YORK (Reuters UK) - About a dozen oil companies agreed to pay $423 million (217 million pounds) and clean-up costs to settle litigation over decades of groundwater contamination from the gasoline additive and possible carcinogen MTBE, lawyers said on Wednesday. The settlement affects public...
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Big Hurdles Remain in ConocoPhillips-Tyson Biodiesel Venture
Tyson Foods and ConocoPhillips continue to move forward with plans to profitably convert animal fats into renewable diesel fuel, with a rollout planned for Spring 2009. Although demand for renewable fuels is high, it is doubtful the diesel will be shipped and distributed through existing pipelines from ConocoPhillips refineries, by...
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Tullow Ghana Oil Find Sends Shares Soaring
LONDON (Reuters UK) - Oil explorer Tullow Oil (TLW) said its Mahogany-2 well offshore Ghana has hit a significant column of light oil, indicating its Jubilee field is bigger than earlier thought and sending its shares soaring. Tullow shares leapt as much as 20 percent to...
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Shell Shuts More Nigerian Oil After Rebel Attack
By Daniel Flynn LAGOS (Reuters UK) - Royal Dutch Shell (RDSa) shut down more of its production in Nigeria after a fresh militant attack on Saturday on a flowstation in the restive Niger Delta, where local militants have stepped up a campaign of violence. The bombing...
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Chevron Q1 Profits Up 10 Pct on Record Oil Prices
By Michael Erman NEW YORK (Reuters) - Chevron Corp (CVX), the second-largest U.S. oil company, said on Friday its first-quarter earnings rose 10 percent as record oil prices outweighed weak profits from gasoline production. Oil prices have soared more than five-fold since 2002...
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Chevron Pembroke Units to Be Restarted Soon
LONDON (Reuters UK) - Chevron Corp. (CVX) said on Friday it expects processing units at its Pembroke refinery to be brought on line soon after steam plant is restarted this weekend. "Work has progressed well and steam needed to operate the refinery has now started to...
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KBR First-quarter Net Profit Soars
NEW YORK (Reuters) - KBR Inc (KBR), the engineering and construction company, said on Friday its first-quarter net profit more than tripled on a favorable arbitration award and strong results from its upstream business. Net profit increased to $98 million, or 58 cents...
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Duke Energy Earnings Jump 30 Percent
NEW YORK (Reuters) - Power company Duke Energy Corp (DUK) on Friday posted a 30 percent rise in first-quarter profit, beating Wall Street forecasts on gains in its utility and wholesale power businesses. Net income rose to $465 million, or 37 cents per...
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Duke Energy Earnings Jump 30 Percent
NEW YORK (Reuters) - Power company Duke Energy Corp (DUK) on Friday posted a 30 percent rise in first-quarter profit, boosted by strong gains in its wholesale power business. Net income rose to $465 million, or 37 cents per share, from $357 million,...
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Exxon Profit Disappoints Despite High Oil Prices
By Michael Erman NEW YORK (Reuters) - Exxon Mobil Corp (XOM) posted a $10.89 billion first-quarter profit on Thursday, but still managed to disappoint investors as weak production volumes and low refining margins blunted the impact of record-high crude prices. Earnings...
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Top Companies
- Exxon Mobil Corp. $494.6B
- Chevron Corp. $192.0B
- ConocoPhillips Co. $131.8B
- Occidental Petroleum Corp. $70.3B
- Exelon Corp. $55.8B
- Exxon Mobil Corp. $404.5B
- Chevron Corp. $220.9B
- ConocoPhillips Co. $194.4B
- Valero Energy Corp. $95.3B
- Marathon Oil Corp. $65.2B
- Exxon Mobil Corp. $40.6B
- Chevron Corp. $18.6B
- ConocoPhillips Co. $11.8B
- Occidental Petroleum Corp. $5.4B
- Valero Energy Corp. $5.2B
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BNET Industry Analyst Profiles
David Phillips
David Phillips has more than 25 years' experience on Wall Street, first as a financial consultant and then as an equity analyst for several investment banking firms. He sifts through SEC filings for his blog The 10Q Detective, looking for financial statement soft spots, such as depreciation policies, warranty reserves and restructuring charges. He has been widely quoted in outlets such as BusinessWeek, The International Herald Tribune, Investor's Business Daily, Kiplinger's Personal Finance, and The... more »
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BNET Energy provides daily news coverage for managers and executives in the energy industry, with coverage on major utilies, oil companies, and clean tech and renewable energy businesses. BNET Energy offers analysis on deal flow, new technology, alliances and partnerships, competitive intelligence, and a host of other critical business issues.