News Archive for Oil and Gas News

Ensco plc reports second quarter 2011 results

Ensco plc (NYSE: ESV) reported diluted earnings per share from continuing operations of $0.59 for second quarter 2011, compared to $0.85 per share in second quarter 2010. There were no discontinued operations in second quarter 2011. Earnings from discontinued operations in second quarter 2010 were $0.04 per share that included an $18 million pre-tax gain from the sale of a jackup rig. Diluted earnings per share were $0.59 in second quarter 2011, compared to $0.89 per share in second quarter 2010. Read more…

Volta Files Updated NI 43-101 Technical Report on the Kiaka Gold Project

Volta Resources Inc. (“Volta” or the “Company”) (TSX:VTR) announced that it has filed an updated National Instrument 43-101 compliant technical report entitled “Updated Mineral Resource Estimate of Kiaka Gold Project, Burkina Faso” (the “Technical Report”) with Canadian securities regulators, pursuant to the Company’s news release dated June 29, 2011. The mineral resource estimate is effective as of June 28, 2011. Read more…

Wärtsilä opens new Services workshop in Helsinki

Wärtsilä, a global leader in complete lifecycle power solutions and services, opens new workshop facilities in Helsinki, Finland. The new facilities enable Wärtsilä to offer a wide range of workshop services with rapid response times. Operations in Helsinki began in the beginning of August 2011. Read more…

Data centre project looks to renewables

Researchers are aspiring to show that a network of wind and solar-powered data centres could transform the data and renewable energy industries. Read more…

BrightSource Energy Files Application for Certification for Hiddens Hills Solar Electric Generating System

BrightSource Energy, Inc., a leading solar thermal technology company, has filed an Application for Certification (AFC) with the California Energy Commission for the development of two 250 megawatt (nominal) solar power plants (500 megawatts combined) in California’s Inyo County. Read more…

PNE Wind 1H revenue falls 60%

Wind developer PNE Wind’s first-half revenues fell to €16.59 million for the first half of 2011, down from €41.12 million in the first half of 2010. Read more…

ABB wins $1 billion order for offshore wind power connection

ABB, the leading power and automation technology group, has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid. Read more…

GT Solar Completes Name Change to GT Advanced Technologies

GT Advanced Technologies Inc., (NASDAQ: GTAT), today announced that the name change from GT Solar to its new name, GT Advanced Technologies Inc., is now complete. As part of the rebranding and new corporate identity, the company is now trading under its new GTAT stock ticker symbol on NASDAQ. Read more…

Ming Yang cooperative agreement for wind power in Guangdong

China Ming Yang Wind announced that it signed a strategic cooperative agreement with China Three Gorges New Energy (CTGPC) to foster closer cooperation in both domestic and international wind power development. Read more…

GE to Invest up to $40 Million in eSolar

eSolar, a leading developer of modular, scalable concentrating solar thermal power technology, announced today that in addition to its licensing agreement with GE Energy, GE (NYSE: GE) has closed a strategic investment in the company. As part of the deal Paul Browning, president and CEO of Thermal Products, for GE Energy, will join the eSolar board of directors. Read more…

Shaw Receives $32.5 Million Arbitration Award

The Shaw Group Inc. (NYSE: SHAW) today announced it received an arbitration award of approximately $32.5 million for a contract previously executed by its Power segment for the engineering, procurement and construction of a 600-megawatt steam turbine electrical generation plant in the U.S. Read more…

Ascent Solar to Sponsor Collegiate Solar Innovation Competition

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of lightweight flexible thin-film photovoltaic modules, announced today that the company is sponsoring an Innovative Solar Design Competition for college students across the United States. The competition will last throughout the 2011-2012 school year and will allow both students and professors alike to explore the transformational applications or uses for Ascent’s innovative flexible solar modules. Teams are expected to develop working prototypes of innovative portable power applications, which are uniquely enabled using lightweight, flexible photovoltaic modules provided by Ascent. Ascent will also provide financial support for prototype development of approved designs. The teams with the top designs will receive up to $10,000 in cash prizes as well as potential internship and job opportunities with Ascent. Through this competition Ascent will help spearhead innovative uses for portable solar power across all markets. Read more…

International Power Canada Secures Power Purchase Agreements for Two Major Wind Farms in Ontario

International Power Canada, Inc. announced it has secured 20-year Power Purchase Agreements (PPAs) with the Ontario Power Authority for all of the output from its 99 MW Erieau and 99 MW East Lake St. Clair wind projects in southwestern Ontario. The PPAs will commence upon completion of construction and commissioning of both facilities, scheduled in early 2013. Read more…

Solazyme and Bunge sign framework agreement for commercial renewable oil plant in Brazil

Solazyme, Inc. (NASDAQ: SZYM), a renewable oil and bioproducts company, and Bunge Global Innovation LLC, a wholly-owned subsidiary of Bunge Limited (NYSE: BG), a global agribusiness and food company, announced today that they have entered into a framework agreement for the formation of a joint venture entity (“JV”) focused on the production of triglyceride oils in Brazil. The JV anticipates building a 100,000 MT renewable oil production facility located at a Bunge owned sugar cane mill in Brazil. Engineering for the plant will begin immediately and will be funded by both parties. Upon successful completion of site-specific engineering designs and execution of final JV agreements, construction on the facility will commence, with a targeted start-up during the 2013 cane harvest. Read more…

South Korea Oil and Gas Report Q3 2011

Research and Markets has announced the addition of the “South Korea Oil and Gas Report Q3 2011” report to their offering. Read more…

Visiongain Forecasts Record Spending of $24.9bn in the Oil Sands Market in 2011′ Says visiongain Report

Sizeable quantities of extra-heavy oil and natural bitumen – estimated at 2.6 trillion to 3.8 trillion barrels – lie beneath the Earth’s crust. Although abundant, oil sand resources are very hard to extract and in certain areas the oil is so thinly mixed with other sediments that it is not economically feasible to develop. The heavy oil’s extreme viscosity raises its resistance to flow, which means reserves are nearly or completely immobile in the reservoirs. Therefore, extracting oil from oil sands is a high-stakes activity and requires considerable investment. Read more…

ATP announces second quarter 2011 results

ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced second quarter 2011 results. Read more…

Oasis Petroleum Inc. announces quarter ending June 30, 2011 earnings and provides an update on guidance

Oasis Petroleum Inc. (NYSE: OAS) (“Oasis” or the “Company”) today announced financial and operational results for the quarter ended June 30, 2011.  Read more…

Contango Updates Operations

Contango Oil & Gas Company (NYSE Amex:MCF) announced today that it is still on schedule for production to begin at its Vermilion 170 (Swimmy) discovery in September 2011 at an estimated rate of 15 million cubic feet equivalent per day (“Mmcfed”), net to Contango. We currently have 11 wells, producing approximately 77 Mmcfed, net to Contango. Read more…

Apco reports second-quarter 2011 results

Apco Oil and Gas International Inc. (NASDAQ: APAGF) today announced that for the three and six-month periods ended June 30, 2011, it generated unaudited net income attributable to Apco of $7.7 million and $15.9 million, or $0.26 and $0.54 cents per share, compared with net income of $7.1 million and $11.1 million for the same periods in 2010. Read more…

Member Profiles

Featured Profile

Featured Profile

Featured Videos

Featured Case Studies