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 31, 2008. The Finding: First Solar announced in October that it anticipated ramping up annual capacity to 1.1-gigawatts by the end of 2009. The company may not need additional manufacturing lines, as a ThinkEquity...
Energy Industry Archive
December 2008
OPEC meeting begins, oil production cut likely — Meeting in Algeria, the group of oil-producing countries may reduce production by as many as two million barrels a day, OPEC president Chakib Khelil said yesterday. He said between $70 and $80 per barrel would be a fair price. Oil prices began around $45 on Tuesday [Source: AP] Obama announces climate-change team — U.S....
Banking on Batteries — Included in the published survival plans of the Big Three Detroit automakers: GM’s Chevy Volt, scheduled for production in 2010; Ford is accelerating R&D on a family of hybrids, plug-in hybrids, and battery electric vehicles; and, Chrysler is planning its ENVI line. [Source: Green Energy News] Ocean Power Technologies records an $8 million backlog for...
The Company: Chesapeake Energy, the largest U.S. natural gas producer. The Filing: FORM S-4 (Registration Statement) with the SEC on December 9, 2008. The Finding: Aubrey McClendon, Chief Executive Officer of Chesapeake Energy, told investors on a conference call on Monday that the the natural gas company’s revised operating and capital budget for 2009 and 2010 could be funded with...
Exxon vs. Chavez; round one to Exxon — ExxonMobil has won the first round in what may be a long arbitration battle with Venezuelan president, Hugo Chavez. In a ruling in a London court, ExxonMobile has won a court order to freeze assets belonging to Petroleos de Venezuela, Venezuela’s state oil company, in a dispute over Chavez’s attempts to take state control of Venezuelan oil...
The Company: Acergy S.A., is a Norwegian-based seabed-to-surface engineering and construction contractor for the offshore oil and gas industry. The Filing: FORM 6-K filed with the SEC on December 2, 2008. The Finding: Acergy is expected to end the 2008 fiscal year with a backlog of approximately $2.6 billion, down from $3.3 billion at the end of the third-quarter, resulting from delays in...
Clean energy by 2025? Good luck — Andrew Ross, writing in the San Francisco Chronicle’s The Bottom Line blog, cites a new report from the National Intelligence Council, “Global Trends, 2025,” which Ross says, “throws cold water on the expectations of the more idealistic clean-tech advocates. Yes, the world will be moving away from oil by 2025… but in its place...
The Company: Fleetwood Enterprises, a producer of recreational vehicles (RV) and manufactured homes. The Filing: FORM 10-Q filed with the SEC on December 4, 2008. The Finding: Fleetwood Enterprises Inc. unveiled its first-ever hybrid motor home at the annual National RV Trade Show in Louisville, Ky., last week. The Fleetwood Hybrid features increased fuel economy, getting up to 12-miles to...
Iraq oil conference oozing oil men — How can you tell that things have settled down a bit in Iraq, holder of the world’s second largest known crude reserves? Oil execs the globe over have descended upon the still-insecure country for its first ever oil conference. Officials from Nippon Oil Exploration, Lukoil Overseas Holding, Moller-Maersk, ConocoPhillips, Marathon Oil and Pertamina...
Oil services firms hit by low oil and gas prices — The world’s biggest oil fields services company, Schlumberger, has announced that its 2008 earnings would likely fall below original predictions. Those who watch such things have noted that oil field services firms would most likely be the first to feel the downturn’s pinch, and this seems to confirm that hypothesis. [Source: Houston...
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- Clean Coal, a Global Failure in the Making
- The Technologies for a Nuclear Resurgence
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- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor
- Week in Renewables: Obama vs. Public Opinion, and New Energy Bets
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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
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- Week in Oil & Gas: Climate Bill Hurdles and Refining Blues
- Spillover Effect: Another Pre-Salt Discovery in Brazil
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