The Company: First Solar, a manufacturer of solar electric power modules using a proprietary thin-film semiconductor technology. The Filing: FORM 10-Q filed with the SEC on October 30, 2008. The Finding: First Solar is striving to open new markets that do not depend on traditional photo-voltaic (PV) subsidiaries, such as feed-in-tariffs, and can offer significant long-term growth, such as the...
Energy Industry Archive
October 2008
The Company: Tidewater Inc, the world’s largest provider of offshore supplies vessels to the energy industry. The Filing: FORM 10-Q filed with the SEC on October 27, 2008. The Finding: Tidewater has 57 vessel commitments of various class and type, ranging from offshore tugs to deepwater vessels, scheduled for delivery from November 2008 through 2012. Given uncertainties in the credit...
Tenaska closes its TRF II fund above $2.4 billion — Tenaska Capital Management recently closed its TPF II fund above $2.4 billion. The fund was started earlier this year with an original target of just $1.5 billion. The fund will be used for traditional and renewable power generation, natural gas storage, pipeline and other gas midstream assets, natural gas and power infrastructure goods...
Hedge fund star Paulson betting on Cheniere — Hedge fund manager John Paulson, who heads the $35 billion Paulson & Co., has taken a larger stake in liquefied natural gas supplier, Cheniere Energy, recently upping his position there by 2.7 million shares to claim more than 14 percent of the company. Cheniere’s stock recently plummeted to 95 cents per share on a net loss of $41.1...
The Company: Ensco International, a provider of offshore contract drilling services. The Filing: FORM 10-Q filed with the SEC on October 23, 2008. The Finding: Returning an attractive 17.2% on shareholder equity, on average, over the last five years, the Board of Directors obviously felt that repurchasing its own shares on the open market was a prudent investment. Like many of its peers in the...
Abu Dhabi set to invest $20 billion to increase crude output — The Abu Dhabi government plans to invest some $20 billion through 2010 to increase its crude output 30 percent. Current crude production is 2.7 million barrels per day. Abu Dhabi hopes to raise that to 3.5 million barrels per day. In addition, the emirate plans to invest a further $25 million in its natural gas industry over...
The Company: McMoRan Exploration, an oil and gas explorer engaged in offshore production in the Gulf of Mexico. The Filing: FORM 8-K filed with the SEC on October 20, 2008. The Finding: McMoRan’s exploration strategy focuses on the deep gas plays, drilling to depths of 15,000 to 25,000 feet in the shallow waters of the Gulf of Mexico and Gulf Coast area, and on ultra-deep gas plays...
Gazprom teams with Petrovietnam to explore Vietnam coast – Russia’s Gazprom and Petrovietnam have inked a deal to explore for oil and gas in Vietnamese waters. Russian President Dmitry Medvedev was on hand at the signing ceremony at the Kremlin, along with Vietnamese President Nguyen Minh Triet. The Kremlin said that it aims to increase trade with Vietnam eventually to $10 billion....
The Company: Diamond Offshore Drilling, the world’s second-largest offshore contract oil and natural gas driller. The Filing: FORM 8-K filed with the SEC on October 23, 2008. The Finding: Even amidst declining energy prices and the uncertainty in the credit markets, the recent Diamond Offshore Drilling contract with Total E&P Angola for its fourth generation deepwater...
John W. Rich, Jr.: OPEC production cuts are economic terrorism – True to its word, the OPEC cartel cut production Friday by some 1 million barrels per day. Always outspoken coal-to-liquid advocate and WMPI PTY President, John. W. Rich, Jr., was quick to react, labeling the move nothing less than “economic terrorism.” Oh, snap. [Source: Macroworld] Venezuela to announce licensing round...
- Geoengineering Gets a Hearing in Congress -- and in the U.K., Too
- Lobbyists Accused of Blocking Climate Change Efforts
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor
- Fossil Fuel Resource Leader? U.S. is No. 1 in World, Thanks to Coal
- Mariah Power Taps into iPhone App Cachet to Promote Wind Energy
- Buffet Bets the Farm on Strong Rail, Cheap Coal, Expensive Oil
- Week in Oil & Gas: Climate Bill Hurdles and Refining Blues
- Replacing Cars With Bikes? Not So Fast
- Chevron CEO O'Reilly: Refining Outlook Looks Sloppy Through 2011
- Clean Coal, a Global Failure in the Making
- First Solar: Knocked Off Course by an Acquisition
- Cow Burps OK: House, Senate Block EPA From Regulating Livestock Emissions
- Valero CEO: Climate Bill Threatens U.S. National Security
- China's Big Bet on Rail Transportation
- Week in Oil & Gas: Foreign Oil Sands Grab and Climate Shenanigans
- Week in Renewables: Glowing and Grim Reports, a New Bank, and Big Wind
- Sue Big Oil Over Global Warming? Court Tells Katrina Victims, Yes You Can!
- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit
- Geoengineering: From Crackpot Theorizing to Excuse Du Jour
- Clean Coal, a Global Failure in the Making
- Week in Renewables: Obama vs. Public Opinion, and New Energy Bets
- Wind Power Poised For a Possible Fast Recovery
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor
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- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor
- Carbon Offsets: The Next Cash Crop for Farmers?
- Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs
- Canada Starts Doling Out Carbon Capture Dollars
- Big Three Automakers, Michigan Nab Bulk of U.S. Battery Grants
- POET CEO: Future of Second-Gen Biofuels Depends on E15
- Laureate Effect: Will a Nobel Prize In Obama's Hand Help or Hurt the Climate Bill Cause?
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