The biggest German power company, EON, plans to sell its high-voltage network in anticipation of new European Union rules, press reports said on Thursday.
Plans to split off distribution networks worth more than one billion euros (1.5 billion dollars) were “well advanced” and EON chief executive Wulf Bernotat had already informed German Chancellor Angela Merkel, the [...]
Canadian Pacific Railway Ltd. (TSX:CP) is expanding in the U.S. Midwest by paying at least US$1.48 billion for the Dakota, Minnesota & Eastern Railroad Corp., a move that will help CP Rail extend its coal and agriculture business.
“It complements what we do and creates a new footprint for growth,” chief executive officer Fred Green told [...]
Texas, as everyone knows, does everything big. Its giant oil and gas fields dominate America’s energy patch. It is now the nation’s largest wind power producer, with more than 2,000 turbines gathering some of the country’s strongest currents. It gets the booby prize for being the biggest producer of greenhouse gases.
And now Texas faces [...]
HOUSTON – Texas, as everyone knows, does everything big. Its giant oil and gas fields dominate America’s energy patch. It is now the nation’s largest wind producer, with more than 2,000 turbines gathering some of the country’s strongest currents. It gets the booby prize for being the biggest producer of greenhouse gases.
And now [...]
Noble Energy, Inc. announced planned capital expenditures of $1.42 billion for 2007. Capital expenditures for 2006 totaled $1.87 billion, including $0.52 billion for acquisitions.
Approximately 26 percent of the 2007 capital program has been allocated for exploration opportunities including lease acquisitions and seismic, and 74 percent is dedicated to production, development and other projects. The domestic [...]
Cameron International Corp., which makes oil and gas industry equipment, said Friday its current backlog will drive earnings growth in 2007.
Total backlog at year-end was up 63 percent to $3.53 billion. Based on that, the company sees 2007 earnings between $3.65 and $3.85 per share, while analysts polled by Thomson Financial see 2007 earnings of [...]
A win for Air Products and a win for Surface Combustion, Inc. led to a big win for JMA Heat Treating (JMA) in its quest to enhance its production capabilities at its Houston, Texas heat treating facility. JMA was able to take advantage of the innovative joint marketing relationship between Air Products and Surface [...]
Gazprom, the world’s largest producer of natural gas, and Russia’s largest enterprise, has disclosed that it is considering a plan to explore for gas and oil in Equatorial Guinea.
A Gazprom spokesman told Mineweb that Gazprom’s deputy chief executive, Alexander Medvedev, was in Equatorial Guinea this week, and met the President, the Minister of Power, and [...]
From President George W. Bush’s push to ramp up the country’s nuclear industry to Asia’s growing uranium demand to the catastrophic disaster at Cigar Lake, yellowcake has seen an extremely bullish year. And analysts are calling for an even better year in 2007.
Uranium began the year at about $36.25/lb. Today’s weekly price is $72.00/lb, showing [...]
Scotiabank Vice President, Industry and Commodity Market Research Patricia Mohr has forecast uranium and zinc as her top picks for investors in 2007, with precious metals, particularly silver, expected to benefit from further weakness in the U.S. dollar.
In her recently published analysis, Mohr said uranium was the third-best performing commodity this year “and will likely [...]
