General Electric’s second-quarter earnings fell 47 percent to $2.9 billion, dragged down by virtually all of its divisions, except one. In the end, only GE’s energy business turned a profit in the second quarter. Sales in GE Energy fell 1 percent to $9.57 billion in the second quarter as a drop in service revenues offset equipment sales. But the energy business, strengthed...
Energy Industry Archive
July 2009
It’s often said that without transmission reaching from the country’s sunniest and windiest areas to cities, renewable energy won’t be able to take off. Too bad none of them are actually being built. Following T. Boone Pickens’ decision to drop a huge transmission project in Texas, a project called the Transmission Agency of Northern California has also given up....
BP leaves D1 Oils Jatropha biofuels venture — D1 Oils has reached an agreement to buy BP’s50 percent interest in D1-BP Fuel Crops Limited, a joint venture to plant Jatropha. Signs of BP’s exit have been on the horizon since last month and will allow D1 to join its planting and plant sciences businesses, according to D1 CEO Ben Good. BP will turn its attention to ethanol, an...
Oilfield service companies have struggled in the past two quarters — plagued by plummeting crude and natural gas prices, which were efficient at putting the brakes on exploration and production. So, it was a positive sign for Halliburton, one the world’s largest oilfield service businesses, to land a two-year contract extension from StatoilHydro. The two-year extension valued at...
Desertec, a project to link Europe’s power grid to Africa, has been in the news quite often lately, and for good reason. It offers a compelling image: A vast, high-tech network of transmission lines branching out across Europe, with its roots drawing energy from solar power plants in the sunny deserts of northern Africa. The network would aim to supply up to 15 percent of Europe’s...
Flying J’s core truck and travel stop business could emerge from Chapter 11 bankruptcy in a preliminary merger agreement announced this week with rival Pilot Travel Centers. But the Ogden, Utah-based company’s other assets including two refineries and a pipeline remain up for grabs. The merger, presuming the two companies successfully hash out a definitive agreement and it...
China building barriers to protect home energy industry — Despite its scolding of other countries that consider tariffs and other protectionist measures, China is making sure that only its own companies can compete on its home turf, even as it becomes one of the world’s largest markets for clean energy. [Source: New York Times] Britan to double renewables by 2020 — Today,...
Yesterday BNET’s Kirsten Korosec covered a new $600 million deal by ExxonMobil to develop biofuels using algae, an uncharacteristic move for a company that has often scoffed at renewable energy. Much has been made of Exxon’s decision to support algae over other alternative fuels, like cellulosic ethanol or biodiesel from jatropha or palm. But what makes the specific partner they...
Gov. Sarah Palin’s op-ed piece in the Washington Post blasting President Obama’s energy plan erases any doubt — in my mind, at least — that she is positioning herself for the 2012 presidential campaign. Palin’s recent decision to resign as Alaska’s governor already had politicos and regular-folks alike speculating about her future plans. Federal Election...
ExxonMobil’s $600 million partnership with Synthetic Genomics to develop next-generation biofuels from photosynthetic algae is already being cast as a shift in the conservative company’s modus operandi. And why not? The largest U.S. oil company by market value has shied away from investments in alternative energy and has been especially critical of ethanol. In some ways this...
- "Sunshine to Petrol" Promises Fuel From CO2
- The Kidney Stone-Climate Bill Connection
- 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
- Miasole Finally Begins Shipping as Next Generation Solar Gets Investment
- Chevron's Acquisition Strategy: Small Companies Need Not Apply
- Peak Oil? Not Here and Not For Decades, CERA Study Says
- 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
- 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
Subscribe to Energy blog comments RSS 
- 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
- StealthGas Inc. Q3 2009 Earnings Call Transcript
- WGL Holdings Inc. F4Q09 (Qtr End 09/30/09) Earnings Call Transcript
- ORMAT Technologies Inc. Q3 2009 Earnings Conference Call Transcript
- Evolution Petroleum Corp F1Q10 (Qtr End 30/09/09) Earnings Call Transcript
- EnCana Corporation Q3 2009 Earnings Call Transcript
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Archives
Recommended Sources
About Energy Industry
Business in the energy industry is fast paced and ever-changing. BNET Energy provides daily news coverage for managers and executives in the energy sector, with coverage on the major utilities, energy companies, clean tech and renewable energy businesses. BNET Energy offers in depth analysis of green business, the very latest in energy research, alliances and partnerships, competitive intelligence and a host of other global energy industry issues.