During a Canadian election debate last week, incumbent Conservative Prime Minister Stephen Harper repeated a promise to ban the export of bitumen from Canada to countries with weaker greenhouse-gas emissions standards. The news stunned companies working in the Canadian oil sands, where reserves of black gold are thought to be second only to Saudi Arabia in volume. The Canadian oil sands already...
Energy Industry Archive
October 2008
Conduit Capital wins $1.4 billion concession to build 700 mile Peruvian gas pipeline — The private equity investment firm, Conduit Capital Partners has announced that subsidiary, Kuntur Transportadora de Gas, was awarded a 30-year concession contract by the Peruvian Government to build a 700 mile pipeline to carry natural gas from the Camisea fields to the port of Ilo in Southern Peru....
Last week we flippantly joked that Google might be of better use in the energy sector if it used its search technology to find more oil, rather than coming up with an energy plan that competes with others’, like that of T. Boone Pickens. But at least one energy blogger, Katie Fehrenbacher of Earth2Tech, thinks she’s got a bead on what Google’s real interest in energy might be....
The Company: Ultra Petroleum Corp, an onshore U.S. natural gas producer. The Filing: FORM 10-Q filed with the SEC on August 6, 2008. The Finding: Tighter credit and lower energy prices are forcing U.S natural gas drillers, such as Chesapeake Energy and Petrohawk Energy, to scale back capital expenditure budgets. Mark Smith, Chief Financial Officer of Ultra Petroleum, told attendees at the 2008...
KMG, Mubadala sign Caspian deal — KMG, ConocoPhillips, and Mubadala Development Co. say they have have signed a memorandum of understanding to negotiate terms for the exploration and development of fields in the Caspian Sea, off of Kazakhstan. The “N block,” as the high potential oil and gas field is called, is located 19 miles offshore in the Caspian Sea and covers about 3,127...
In a deal thought to be worth around $1.9 billion, Sinopec International Petroleum Exploration and Production (Sinopec), a wholly owned subsidiary of state-owned China Petrochemical, is to buy Calgary-based Tanganyika Oil. Is China getting a piece of the Alberta oil sands? Not exactly. Even though Alberta is awash with oil, Tanganyika’s ace in the hole is its participation in two Syrian...
Amid cries of protest from antiwar groups and senior Iraqis, Royal Dutch Shell and the Iraqi government recently signed a deal that will enable Shell to supply liquefied natural gas (LNG) to local markets and probably to Britain as well. This is only the second deal of this magnitude involving a foreign company since the invasion of Iraq in 2003, and the first time since 1973 that a Western...
The Company: World Fuel Services, a distributor of marine and aviation fuel products. The Filing: FORM 8-K filed with the SEC on October 3, 2008. The Finding: World Fuel Services improved its liquidity profile by an additional $160 million after entering into a two year syndicated trade receivables purchase facility program with HSBC Bank. The monies will likely be used to purchase fuel...
Warren Buffet may go nuclear on EDF-Constellation deal – Billionaire icon Warren Buffett is dealing with shareholder protests over the planned merger between the French electricity firm EDF and Constellation Energy, the U.S. nuclear energy company he recently agreed to buy for $.7 billion. [Source: The U.K. Guardian] DoE to award up to $17.6 million for to solar startups — The U.S....
The Company: Petrohawk Energy, an oil and gas company with principal operations in Mid-Continental region. The Filing: Common Stock Prospectus filed with the SEC on August 11, 2008. The Finding: Petrohawk Energy Corporation said Wednesday it would reduce its 2009 capital budget by a third to $1.0 billion and intends to shift spending to those projects with the highest internal rates of return...
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- Week in Oil & Gas: Peak Oil, a Climate-Bill Interlude and Devon's Big Sale
- About Those Anti-Nuclear Arguments: They're Dishonest
- Week in Renewables: New Emissions Targets, Ausra to Sell, Tesla IPO
- The Great Climate Change Scandal of 2009
- Sour Market: With No Buyer in Sight, Valero Closes Delaware Refinery
- PG&E Smart Meter Case is Just the Beginning
- The Technologies for a Nuclear Resurgence
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- Chevron's Acquisition Strategy: Small Companies Need Not Apply
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- Week in Oil & Gas: Punting in Copenhagen and Gulf of Mexico Leases -- Abridged
- Week in Renewables: Changes Afoot, Solar Growth, Electric Cars and Nukes
- Start Your Engines: Suncor CEO Marks Official "Restart" in Oil Sands Growth
- Pickens: $300 Oil is Still On Its Way
- The Great Climate Change Scandal of 2009
- 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!
- Clean Coal, a Global Failure in the Making
- The Technologies for a Nuclear Resurgence
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor
- Week in Renewables: Obama vs. Public Opinion, and New Energy Bets
- Wind Power Poised For a Possible Fast Recovery
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- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit
- Trina Solar: Still Struggling to Bring Manufacturing Costs in Line With Falling Prices
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor
- Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs
- Week in Oil & Gas: Climate Bill Hurdles and Refining Blues
- Spillover Effect: Another Pre-Salt Discovery in Brazil
- Canada Starts Doling Out Carbon Capture Dollars
- Natgas Conundrum: Calming Volatility Fears in Push for Clean Energy Alternative
Industry Transcripts by Seeking Alpha
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- EnCana Corporation Q3 2009 Earnings Call Transcript
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