Ipsco Inc., a maker of steel pipe for oil and natural-gas companies, said third-quarter profit rose 47 percent to a record as the company’s tax rate fell and demand improved for metal equipment used in energy exploration.
Net income rose to $197 million, or $4.15 a share, from $134 million, or $2.78, a year earlier, Lisle, [...]

Crude oil futures stayed around $60 a barrel Wednesday ahead of a weekly U.S. oil data release, with an expected increase in the country’s inventories dampening bullish sentiment.
Despite last week’s decision by the Organization of Petroleum Exporting Countries to cut output, rising global crude stocks have had a bearish effect, at least for the near [...]

Texhoma Energy, Inc. is working with its auditors to update its financial statements in order to comply with reporting requirements so that the Company’s shares can be traded again on the OTC Bulletin Board market. As reported in August 2005, the Company has received guidance from the SEC that the Company accounted for the drilling [...]

Magellan Petroleum Corporation has announced that its 100% owned subsidiary, Magellan Petroleum Australia Limited advises that the Keeley-1 exploration well spudded in PEL 107 in the Cooper Basin of South Australia on October 22. Keeley-1 is the first of a further two farmin wells in PEL 107 in which Magellan will participate under an arrangement [...]

Flair Petroleum Corporation reports that it will not be proceeding with the acquisition and development of the heavy oil projects known as MegaWest in Edwards County, Texas, Deerfield in Missouri, and Chetopa in Kansas. Flair was a party to Letters of Intent (”LOIs”) permitting the Company to conduct a full technical, legal and economic due [...]

SYDNEY - Australia Wednesday announced plans to build the world’s biggest space-age solar power station as part of a A$500 million (US$375 million) radical rethink on climate change.
The government said it would contribute A$75 million toward the cost of the photovoltaic solar power plant in the first of a series of projects aimed at reducing [...]

Western Wind Energy Corporation has reviewed the wind energy marketplace across the United States and has determined to seek new wind energy development opportunities in California. The strategy is focused at 30 sites totaling over 1,200 Megawatts.
With the passage of SB 107 (Senate Bill 107) in the California Legislature and the subsequent execution by Governor [...]

Team Wind Power, a group of Fond du Lac sailors from Wind Power Windsurfing and Kiting Center, took the top three places at the annual Lake Crossing Race at Mille Lacs, two hours north of Minneapolis. Arden Anderson captured first; Kevin Gratton, second; and Don Altmeyer, third.
The event took place t brought 42 windsurfers together. [...]

The United States deplored Iran’s race to enrich uranium and confirmed the presence of a second set of centrifuges in the Islamic republic to do the work, a spokesman said.
An
International Atomic Energy Agency document from August 31 “mentioned an installation of a second 164-centrifuge cascade was proceeding, and it was unclear at that point whether [...]

Wind farm construction in Canada doubled in 2006 from a year ago, enabling it to power 370,000 homes with the renewable energy, Canadian Wind Energy Association President Robert Hornung said Monday.
“We project that Canada will end the year with more than 700 MW of new wind energy projects installed,” Hornung said.
More than 500 MW of [...]