0 CommentsPosted: Tuesday 13/10/2009 11:44 by: Petro Medved
Chinese interest in acquiring "strategic assets" continues unabated, with recent acquisitions & investments in a number of companies in Australia & South America.
0 CommentsPosted: Monday 12/10/2009 11:02 by: Staff Writer
TNK-BP today announced important investment decisions made at the meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies. The meeting was chaired by Mikhail Fridman, Executive Chairman of the Board of Directors of TNK-BP.
0 CommentsPosted: Friday 02/10/2009 09:55 by: Staff Writer
0 CommentsPosted: Thursday 17/09/2009 09:06 by: Staff Writer
First million tons of crude oil has been produced at Vankor oil and gas field in the Krasnoyarsk Territory, while daily output at the field increased to 20,000 tons (146,000 barrels).
0 CommentsPosted: Thursday 17/09/2009 08:41 by: Trader Mark
A lot of cross currents in the solar patch the past week; to reiterate, I like the "sector" in terms of long-term growth (U.S. and China have yet to begin to scratch the surface of ultimate demand) but I find investing in the sector a high risk game akin to gambling. Most of these stocks are populated by day trading types whose holding period is akin to... well, I suppose HAL9000. They are scary to short as well, because at any moment if oil pops, the solar stocks can jump 15% in a session.I called for a major purge in the group a few years back [Jan 3, 2008: The Long Term in Solar], as far too much capacity has come online and I would prefer to see this space consolidated down to a handful of industry giants. Then it should become easier to invest in.Speaking of glut, according to Digitimes, there is a potential that half of existing solar manufacturers might be gone by the end of 2010. That would actually be a good step for the long term in my eyes.
0 CommentsPosted: Thursday 02/07/2009 10:51 by: Paul H
LDK Solar Co (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today provided an updated outlook for the second quarter endedJune 30, 2009. For the second quarter of 2009,LDK Solar estimates shipments between 220 and 230 megawatts ("MW"). This compares to its previously issued guidance for the second quarter of 2009 of wafer shipments in the range of 200 to 220 MW. The company expects to record between$215and$225 millionin revenues.
0 CommentsPosted: Wednesday 24/06/2009 14:18 by: Paul H
Vale (NYSE:VALE) has just taken another step towards more sustainable energy use. The Brazilian mining giant has announced a partnership with Biopalma da Amazônia S.A. to produce palm oil, which from 2014 onwards will be used to make biodiesel, in the northern-central region of Pará State, Brazil.
0 CommentsPosted: Monday 01/06/2009 11:13 by: Paul H
PetroChina Company Limited (NYSE : PTR) reported that in the first quarter of 2009, the Company continued to focus on its development, despite a challenging and difficult environment including the spread and intensification of the global financial crisis, low international crude oil prices, declining domestic demand for oil and petrochemical products, and increasingly intense market competition. PetroChina succeeded in reporting quarter-on-quarter growth and showing month-on-month improvement within the quarter in its operating performance indicators. The Company’s production and operations remained stable and continued their development momentum.
0 CommentsPosted: Sunday 24/05/2009 11:09 by: Paul H
PetroChina Company Limited (NYSE : PTR) announced today that it, has entered into a conditional agreement with Keppel Oil and Gas Services Pte Ltd, a wholly owned subsidiary of Keppel Corporation Limited , to acquire its entire shareholding in Singapore Petroleum Company Limited (“SPC”) representing approximately 45.51% of the total issued share capital of SPC for a cash consideration of S$6.25 per share. If and when the acquisition is completed, subject to Chinese regulatory approvals, PetroChina International (Singapore) intends to make a Mandatory General Offer for the remaining shares of SPC.
0 CommentsPosted: Tuesday 19/05/2009 20:33 by: Paul H
JA Solar Holdings Co., Ltd., (Nasdaq: JASO) a leading manufacturer of high-performance solar products, today announced financial results for its first quarter ended March 31, 2009.
0 CommentsPosted: Tuesday 28/04/2009 22:43 by: Paul H
Perennial favourite Petrobras (NYSE: PBR), has announced that in March of this year, it surpassed February’s output record by 52,00 bpd. Last month, the Brazilian oil giant produced a record 1.99 million bpd from its domestic holdings. The increase has been attributed to a number of new wells in the offshore Campos Basin being brought into commercial production. Petrobras has also reported domestic production of combined oil & gas for March reached 2.3 million bpd of oil equivalent, a 9.5% month on month icrease, adding in international operations, brings an enviable 2.5 million bpd production average for the month of March.
0 CommentsPosted: Friday 20/02/2009 10:14 by: Paul H
Having discussed the Byzantine workings of Russia’s energy players in previous articles and also the direction that China has taken recently in securing strategic reserves, it was only a matter of time before the Dragon and the Bear came to an accord together. During a visit to China this week, Russian Deputy Prime Minister Igor Sechin has succeeded in bringing together a massive deal for Russian oil producers in Siberia.
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