Higher revenue in its drilling and production systems segment pushed up net income at Cameron International Corp. by 80 percent, the company said Friday.
The Houston-based oil and gas equipment maker (NYSE: CAM) said its net income jumped to $101 million, or 88 cents per share, compared with $56 million, or 47 cents per share, [...]
Copper rose in London on speculation that a slumping dollar will encourage buyers holding other currencies to purchase the metal. Lead and nickel advanced.
The U.S. currency dropped to an all-time low against the euro after a government report showed that the U.S. economy grew last quarter at the slowest pace in four years. A change [...]
Tokyo Electric Power Co. (9501.TO) will purchase more oil, liquefied natural gas and coal this fiscal year ending March 2008 due to falls in its nuclear power plant operation rates, company president Tsunehisa Katsumata said Friday.
The company plans to buy 17.5 million metric tons of LNG this fiscal year, up 4.2% on year. Of this, [...]
Environmentalists who sued Duke Energy Corp. over upgrades at its coal-fired plants say a proposed EPA rule undermines their U.S. Supreme Court victory and would give utilities a free hand to pollute.
At issue is how the government measures air pollution from the smokestacks of coal-fired power plants and other sources.
Environmentalists say the pollution should be [...]
Speculations are rife that an impending power supply crisis is stage-managed to justify the jacking up of expenses in the acquisition of coal supply, enabling the government to come up with additional funds for its candidates’ campaign kitty.
Senate Minority Leader Aquilino Pimentel Jr.’s latest allegation came in the light of reports on expected series of [...]
Chesapeake Energy Corp. is dropping its support for a series of controversial “Coal is Filthy†advertisements in Texas.
Tom Price, a Chesapeake Energy vice president, said today, “The reason that we’re dropping the support is, it (the advertising campaign) was intended to further the discussion about our nation’s energy supply and whether clean coal at this [...]
The board of Russian coking coal miner Raspadskaya recommended a dividend of 1.94 roubles ($0.075) per share for 2006, Raspadskaya said on Friday.
“The board of directors recommended paying out 50 percent of net income in 2006,” a Raspadskaya statement said.
Raspadskaya, part-owned by steel maker Evraz Group , posted a 33 percent drop in net profit [...]
A vice president of Foundation Coal Holdings Inc. exercised options for 20,875 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Greg A. Walker reported he exercised options for the shares Thursday for $4.87 apiece, and then sold all [...]
BHP Billiton on Friday announced the acquisition of a 33.3% interest in Global Alumina’s Sangaredi Refinery Project in Guinea, West Africa, for a consideration of $140m.
The project comprises the design, construction and operation of a 3Mtpa alumina refinery, 9Mtpa bauxite mine, and associated infrastructure.
A mining concession covering 690km has been secured and a mineral resource [...]
Newmont Mining Corp., the world’s second-biggest gold producer, said profit plunged 67 percent in the first quarter as slumping output and higher mining costs erased the benefits of a price rally.
Net income fell to $68 million, or 15 cents a share, from $209 million, or 47 cents, a year earlier, Denver-based Newmont said today [...]
