The Company: Clean Energy Fuels, the largest provider of compressed and liquefied natural gas for alternative-fuel vehicles in North America. The Filing: DEF 14-A filed with the SEC on April 15, 2008. The Finding: It’s an addiction that threatens our economy, our environment and our national security — oil. In a four-minute video and legends of commercials on television, Boone...
Energy Industry Archive
August 2008
The Company: Quest Resource Corp, a producer of natural gas. The Filing: Form 8-K filed with the SEC on August 25, 2008. The Finding: The Chairman and CEO of Quest Resource Corp, Jerry Cash, resigned Monday after the Oklahoma Department of Securities launched an investigation into alleged fund transfers from the natural gas exploration company to an entity controlled by Cash. Initial...
The Company: Gushan Environmental Energy, China’s largest producer of biodiesel as measured by annual production capacity. The Filing: Form 6-K filed with the SEC on August 15, 2008. The Finding: Jianqiu Yu, Chairman and Principal Executive Officer, said Gushan Environmental plans to raise its annual biodiesel production capacity from 290,000 tons to 400,000 tons by the end of 2008 and...
The Company: Suntech Power, a Chinese solar energy company. The Filing: Form 6-K filed with the SEC on August 20, 2008. The Finding: Suntech Power said its gross margin rose to 24.1 percent in the second-quarter ended June 30, from 20.3 percent a year ago. The gross improvement was mainly due to stronger pricing driven by strong product demand and appreciation in the euro versus the U.S....
The Company: AeroVironment, a provider of small, unmanned aircraft systems to the U.S. military. The Filing: Form 10-K filed with the SEC on June 26, 2008. The Finding: AeroVironment, best known for its hand-launched, remote-controlled surveillance and reconnaissance aircrafts, is quietly gaining altitude in the wind power industry. The Upshot: Sole supplier to all U.S. Department of Defense...
The Company: National Oilwell Varco, a global provider of equipment and components used in oil and gas drilling. The Filing: Form 10-Q filed with the SEC on August 8, 2008. The Finding: National Oilwell Varco benefited from higher rig construction volumes in the second-quarter ended June 30, with its Rig Technology segment reporting a 49 percent year-on-year increase in operating profit of...
This is a guest post submitted by BNET member Stephen Rassenfoss. To submit your own post, please visit submit.bnet.com. Lately, the natural-gas exploration sector has taken a nasty hit — spot prices for natural gas have dropped roughly 40 percent since early summer, and stock prices of many exploration companies have followed suit. Although gas prices are still relatively high by...
The Company: Green Plains Renewable Energy, a fuel-grade ethanol producer. The Filing: Form 10-K filed with the SEC on February 13, 2008. The Finding: Green Plains is celebrating commenced production of ethanol at its new 55 million gallon per year facility in Superior, Iowa. If a bill introduced by Senator Kay Bailey Hutchison (R-TEX), and co-sponsored by eleven other Republican...
The Company: Anadarko Petroleum, an oil and natural gas company with operations in Algeria and the United States. The Filing: Form 10-Q filed with the SEC on August 6, 2008. The Finding: Despite record energy prices in the second-quarter, Anadarko said its net income for the three-months ended June 30 fell 98 percent to $23 million, due to $1.6 billion in derivative losses. The Upshot:...
The Company: Cheniere Energy, a Houston-based liquefied natural gas (LNG) project developer The Filing: Form 10-Q filed with the SEC on August 11, 2008 The Finding: After approximately three years of construction — and subject to the completion of routine punch list items — Cheniere Energy completed construction of an initial 2.6 billion cubic feet per day (Bcf/d) of send-out...
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