New biofuel research lab dedicated — The new Joint Biofuel Energy Institute (JBEI) in Emeryville, California, has been dedicated. The institute, a joint project of Lawrence Berkley National Laboratory, Sandia National Laboratories, the Universities of California at Berkeley and Davis, the Carnegie Institution for Science and the Lawrence Livermore National Laboratory, with a $135 million...
Energy Industry Archive
December 2008
The Company: Nexen Inc., a Canadian energy producer. The Filing: FORM 10-Q filed with the SEC on October 30, 2008. The Finding: The Financial Times reported on its website on Tuesday that French oil major Total SA is poised to make a $15.8 billion bid for Nexen. As lower energy prices have negatively impacted the value of proved reserves at Nexen, Total SA is likely looking to swoop in on...
Exxon’s AAA rating: it’s good to be the king — Commenting on how the credit crunch may affect its big Papua New Guinea natural gas project, an Exxon official said that it would be “foolish” to suggest that it wouldn’t pose difficulties. Difficulties, schmifficulties: Exxon’s got a triple-A credit rating and is plowing ahead to borrow the $10 billion it needs to fund the...
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