News Archive for ExxonMobil, Oil and Gas News

ExxonMobil Fourth Quarter 2009 Earnings Conference Call Monday, February 1, 2010

Friday, Jan 29, 2010

ExxonMobil will release its fourth quarter 2009 earnings on Monday, February 1, 2010. A news release will be issued over Business Wire.
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Chevron Reports Fourth Quarter Net Income of $3.1 Billion, Down 37 Percent from $4.9 Billion in Fourth Quarter 2008

Friday, Jan 29, 2010

Chevron Corporation (NYSE:CVX) today reported earnings of $3.07 billion ($1.53 per share – diluted) for the fourth quarter 2009, compared with $4.90 billion ($2.44 per share – diluted) in the fourth quarter 2008. Earnings in the 2008 quarter included a gain of approximately $600 million on an upstream asset-exchange transaction. Foreign-currency effects reduced earnings in the 2009 quarter by $67 million, compared with a benefit to income of $478 million a year earlier.
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Oil and Gas Project Awards from the 22nd to the 29th of January

Umbilical Frame Agreement award for Hydrasun 29-01-2010
Chevron Makes Final Investment Decision on Papa Terra Project Offshore Brazil 28-01-2010
Sonangol secures agreements for Iraqi oil fields 27-01-2010
Keppel to build Saudi Aramco’s first purpose-built jackup 27-01-2010
PDVSA and Eni sign agreement to develop Junin 5 giant heavy oil field in Venezuela 27-01-2010
Petrodorado Signs a Definitive Agreement With Pacific Rubiales Energy Corp. for the Tacacho Block in Colombia and Cap-Link Welcomes a New Director 27-01-2010
Tethys Oil: Gaffney Cline to Act As Third Party Resource/Reserve Auditors for Tethys in Oman 27-01-2010
Gulfsands Receives Approval to Develop Yousefieh Oil Field 27-01-2010
Chevron and Kyushu Electric Sign Multiple LNG Deals 26-01-2010
Wood Group to provide offshore commissioning solutions to BHP Billiton on Angostura brownfield project, offshore Trinidad 26-01-2010
Kentz Enters into Global Framework Engineering Services Agreement with ExxonMobil 26-01-2010
TG World Enters Into a New Farm-In Agreement on Alaskan North Slope With Multinational 26-01-2010
ExxonMobil Signs Agreement with Iraq to Redevelop and Expand West Qurna-1 Field 25-01-2010
Eni, Occidental and KOGAS sign technical service contract with Iraq’s South Oil Company and Missan Oil Company to redevelop Zubair field 22-01-2010

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Tethys Oil: Gaffney Cline to Act As Third Party Resource/Reserve Auditors for Tethys in Oman

Wednesday, Jan 27, 2010

Tethys Oil has contracted Gaffney, Cline & Associates (GCA), an independent international petroleum consultancy, for the third party audit of the Farha South and East Saiwan oil discoveries made in 2009 on Blocks 3 and 4 onshore Oman. GCA will also act as engineering advisor for Tethys on these future development projects.
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Trina Solar to Set up State Key PV Research Laboratory

Wednesday, Jan 27, 2010

CHANGZHOU, China, Jan. 26 /PRNewswire-Asia-FirstCall/ — Trina Solar Limited (NYSE:TSL) (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced it received its first official documents from China’s Ministry of Science and Technology in January 2010 to establish a State Key Laboratory to develop PV technologies within the Changzhou Trina PV Industrial Park. Commercial terms related to the establishment have yet to be finalized.
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Yingli Green Energy to Announce Fourth Quarter and Full Year 2009 Financial Results on March 8, 2010

Wednesday, Jan 27, 2010

BAODING, China, Jan. 26 /PRNewswire-Asia-FirstCall/ — Yingli Green Energy Holding Company Limited (NYSE:YGE) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic (“PV”) product manufacturers, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2009 before the U.S. market opens on Monday, March 8, 2010.
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S.A.G. Solarstrom AG: Financing of photovoltaic system at Dehner Garden Center concluded successfully

Wednesday, Jan 27, 2010

S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008), Freiburg, have included the 4.6 MWp system they installed on the roof of the Dehner Garden Center in Rain am Lech in their own portfolio and concluded an 18-year financing transaction for €10 million with the Deutsche Bank AG for the associated investment volume of €14 million.
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Rentech and ClearFuels Integrated Bio-Refinery Project Awarded $23 Million Grant by U.S. Department of Energy

Wednesday, Jan 27, 2010

Rentech, Inc. (NYSE AMEX:RTK) and ClearFuels Technology Inc. (ClearFuels) jointly announced today that their project to construct a biomass gasifier at Rentech’s Energy Technology Center (“RETC”) in Denver has been awarded a conditional $22.6 million grant from the U.S. Department of Energy (“DOE”). The gasifier will be integrated with Rentech’s Product Demonstration Unit (“PDU”) for the production of renewable synthetic fuels from biomass.
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Sixtron Silexium™ Coatings Nearly Eliminate Light Induced Degradation in Monocrystalline Solar Cells

Wednesday, Jan 27, 2010

Sixtron Advanced Materials, a provider of safe and efficient silane-free coating solutions, today introduced its patent-pending Silexium™technology, an antireflective passivation coating that nearly eliminates Light Induced Degradation (LID) in solar cells. A well known issue for solar cell and module manufacturers, LID reduces the efficiency of modules in the field by up to 5% in the first few hours of exposure to the sun, thus significantly reducing the net energy harvest. Sixtron has demonstrated that solar cells with a Silexium antireflective passivation coating exhibit at least 88% less LID than solar cells with traditional silane-based SiNx coatings.

“Our latest studies confirm that Sixtron’s Silexium coatings can offer performance advantages over silane-based coatings by significantly reducing LID, a major obstacle for the majority of today’s high-efficiency solar cell makers.”The optimized process flow and reference architecture was developed by Sixtron at their development laboratory in Montreal with resulting cells benchmarked by the University Center for Excellence in Photovoltaics (UCEP) at the Georgia Institute of Technology. With appropriate process optimization, solar cells coated with Silexium films deliver net efficiency gains to existing production lines, delivering increased revenue and boosting profit margins for solar cell manufacturers. The precursor for Silexium films is delivered to industry standard plasma enhanced chemical vapor deposition (PECVD) equipment by Sixtron’s SunBox silane-free gas generation system. The SunBox system was awarded the Cell Award for Best Process Technology for c-Si Solar Cell Manufacturing at the 2009 Intersolar show in Munich, Germany.

“With the release of our Silexium process technology, Sixtron is addressing a major concern of cell and module manufacturers,” said Bates Marshall, VP of sales and marketing for Sixtron. “Sixtron’s Silexium process provides solar cell manufacturers with the only simple, low-cost solution to improve the efficiency of their products while simultaneously reducing manufacturing costs by eliminating the pyrophoric hazards of silane.”

To minimize the effects of LID, manufacturers of high-efficiency monocrystalline cells have until now been forced to specify expensive high-grade boron-doped p-type Czochralski (CZ) wafers or use alternatives to the traditional wafer manufacturing process to try to maintain end-of-line efficiency once cells are deployed to the field. Sixtron’s Silexium process technology now provides manufacturers with a drop-in solution to the LID problem that enables maximum flexibility within their silicon wafer supply chain. This delivers further economic advantages to cell manufacturers over higher-priced LID reducing technologies.

“We have known for some time that Sixtron’s silane-free antireflective coatings were a novel, low-cost way to match the performance of silicon nitride coatings while also eliminating the dangers of silane gas,” said Dr. Ajeet Rohatgi, founder and director of the University Center for Excellence in Photovoltaics (UCEP). “Our latest studies confirm that Sixtron’s Silexium coatings can offer performance advantages over silane-based coatings by significantly reducing LID, a major obstacle for the majority of today’s high-efficiency solar cell makers.”

Solar cells made with Silexium coatings also deliver increased shunt resistance and reduced reverse current by an order of magnitude, representing additional significant protections against cell degradation. Shunting, also known as leakage, occurs when small defects in solar cells create alternate pathways for the flow of electricity; reverse currents, caused by shading and low light, create “hot spots” that can permanently damage the cells.

For further details about Silexium, please visit: www.sixtron.com.

About Sixtron Advanced Materials

Sixtron is a private company focused on developing cost-effective, performance enhancing silane-free industrial coating solutions. Sixtron’s proprietary solution uses industry standard PECVD equipment to deposit high-efficiency antireflective and backside passivation coatings on crystalline silicon solar cells. The company has worked closely throughout its product development with leading research organizations such as the National Renewable Energy Laboratory (NREL) in Golden, CO and the University Center of Excellence for Photovoltaic Research and Education (UCEP) in Atlanta, GA. Sixtron has raised over $12 million since inception from Ventures West Capital, Inovia Capital and Cycle Capital. For more information, visit www.sixtron.com.

Source: Business Wire

For more Sixtron Silexium press releases go to www.yourrenewablenews.com

Honda Begins Operation of New Solar Hydrogen Station

Wednesday, Jan 27, 2010

Honda today began operation of a next generation solar hydrogen station prototype at the Los Angeles Center of Honda R&D Americas, Inc., intended for ultimate use as a home refueling appliance capable of an overnight refill of fuel cell electric vehicles.
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GT Solar Sets February 2 for Third Quarter Fiscal Year 2010 Financial Results Call and Webcast

Wednesday, Jan 27, 2010

GT Solar International, Inc. (NASDAQ: SOLR), a global provider of specialized production equipment, process technology and turnkey manufacturing services for the solar power industry, today announced that the company will release its financial results for the third quarter of fiscal year 2010 ending December 26, 2009, after the close of market on NASDAQ on Tuesday, February 2, 2010.
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REpower announces preliminary results for first nine months of fiscal year 2009/10

Wednesday, Jan 27, 2010

In the period 1 April to 31 December 2009, the REpower Systems Group (Prime Standard, WKN 617703) generated a total performance figure of EUR 932.1 million according to provisional calculations, compared to EUR 842.9 million in the corresponding period of the previous year from 1 April to 31 December 2008. The operating result (EBIT) improved above average from EUR 38.1 million to EUR 56.3 million. In calendar year 2009, market share in Germany increased to 8.8% against 5.6% in the previous year.

Click here for full report

Source: REpower

For more REpower press releases go to www.yourrenewablenews.com

Event to highlight research & training supporting the future of the North Sea

Wednesday, Jan 27, 2010

Research and training which is helping support the future development of the North Sea will be highlighted to industry at a one day workshop in Aberdeen.
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BNK Petroleum Inc’s European Holdings Grow to 2.1 Million Gross Acres

Wednesday, Jan 27, 2010

CALGARY, January 26/PRNewswire/ — BNK Petroleum Inc. (“BNK” or the “Company”) (TSX: BKX) is pleased to announce that it has been awarded two additional oil and gas concessions, which total approximately 770,000 acres net to BNK. These concessions were granted in a European Union Country and bring BNK’s total gross land acquisitions in Europe to 2.1 million acres. This provides further diversification by spreading the Company’s projects across 4 basins. The Company’s strategy to evaluate acreage and deploy license applications throughout Europe continues to make progress. The Company anticipates spudding its first European operated well during the second quarter.
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Baker Hughes Announces Fourth Quarter and Annual Results

Wednesday, Jan 27, 2010

HOUSTON, Jan. 26 /PRNewswire-FirstCall/ — Baker Hughes Incorporated (NYSE:BHI) today announced that net income for the fourth quarter 2009 was $84 million or $0.27 per diluted share compared to $432 million or $1.41 per diluted share for the fourth quarter 2008 and $55 million or $0.18 per diluted share for the third quarter 2009. Net income for the fourth quarter 2009 includes expenses of $74 million before tax ($0.16 per diluted share) associated with reorganization, severance and acquisition-related costs, and an increase to our allowance for doubtful accounts. Net income for the year 2009 was $421 million or $1.36 per diluted share, compared to $1.64 billion or $5.30 per diluted share for the year 2008. Net income for the year 2009 includes expenses of $250 million before tax ($0.55 per diluted share) associated with reorganization, severance and acquisition-related costs, and an increase to our allowance for doubtful accounts.

Click here for full report

Source: Baker Hughes

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Gulfsands Receives Approval to Develop Yousefieh Oil Field

Wednesday, Jan 27, 2010

LONDON, January 26/PRNewswire-FirstCall/ — Gulfsands Petroleum plc (“Gulfsands”, the “Group” or the “Company” – AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Iraq, and the U.S.A., is pleased to provide the following update on the Company’s operations at Block 26, Syria where Gulfsands holds a 50% interest and acts as operator.
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TAG Acquires Remaining Key Acreage Covering Kawakawa Oil Shale Prospect in New Zealand’s East Coast Basin

Wednesday, Jan 27, 2010

VANCOUVER, Jan. 26 /PRNewswire-FirstCall/ — New Zealand oil and gas producer, TAG Oil Ltd. (TSX-V: TAO) is pleased to announce that the Company has been awarded a 100% interest in a 61,900-acre permit extension to the Company’s PEP 38349 permit, located in the southern portion of the onshore East Coast Basin, New Zealand.
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TG World and Partners Spud Sak River #1a Exploration Well on Alaska North Slope

Wednesday, Jan 27, 2010

CALGARY, ALBERTA–(Marketwire – Jan. 26, 2010) – TG World Energy Corp. (TSX VENTURE:TGE) (“TG World” or the “Company”) is pleased to announce that Nabors 16E rig spudded the Sak River #1a exploration well on the Alaska Central North Slope on January 26, 2010. The well is being drilled from an onshore ice pad to an offshore bottom hole location. The suspended Sak River #1 well has been re-entered and a new hole will be drilled after the cement plug at the base of the surface casing set to 4,225 feet has been drilled-out. The well is expected to reach total depth of approximately 12,500 feet in February. Brooks Range Petroleum Corporation (“BRPC”), a wholly-owned subsidiary of the Alaska Venture Capital Group, is operator of the well and Ramshorn Investments Inc. is the other joint venture (“JV”) partner.
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Pennant to Drill Offset Well on Badger Property

Wednesday, Jan 27, 2010

CALGARY, ALBERTA–(Marketwire – Jan. 26, 2010) – Pennant Energy Inc. (the “Company”) (TSX VENTURE:PEN) is pleased to announce that it will be participating with its joint venture partner (and operator) in the drilling of an offset location to our successful Badger 100/02-17-016-18W4/0 well. Based on the production performance of the Badger 100/02-17 and seismic data the offset well, to be located at 04-17-016-18W4/0, will target the second Mannville formation anomaly identified from the seismic program carried out during the winter of 2007-2008. Through participation in the 2007-2008 seismic program the Company earned a 25% working interest in the P&NG rights below the base of the Belly River in the total section. The operator has notified the Company that drilling license approval has been received and that it will begin preparation of the surface lease for drilling within the week.
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Petrodorado Signs a Definitive Agreement With Pacific Rubiales Energy Corp. for the Tacacho Block in Colombia and Cap-Link Welcomes a New Director

Wednesday, Jan 27, 2010

Cap-Link Ventures Ltd. (the “Company” or “Cap-Link”) (TSX VENTURE:CAV) announces that its wholly owned subsidiary Petrodorado Ltd. (“Petrodorado”) has signed a definitive agreement with Pacific Rubiales Energy Corp. (“PRE”) to farm-in on the Tacacho Block in Colombia. The Tacacho Block is a part of a five block joint venture previously announced on November 24, 2009 between PRE and Petrodorado in Colombia and Peru. In addition, Mr. Douglas Urch has joined Cap-Link as a Director effective January 25, 2010 following the resignation of Mr. Iftikar A. Ahmed.
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