Oil and gas company Whiting Petroleum Corp. said Monday its third-quarter profit grew 49 percent, as increased production and oil prices helped offset lower natural gas prices.
Quarterly profit jumped to $49.5 million, or $1.35 per share, from $33.3 million, or $1.12 per share, in the year-ago period. The recent quarter’s results include a gain of [...]

Already a big user of Illinois-produced corn, Corn Products International Inc. is now relying on coal mined downstate to help process corn at its Bedford Park plant.
Company and state officials took part Monday in a ceremonial ribbon-cutting for Corn Products’ new coal-fired boiler, which is designed to reduce the plant’s emissions.
Corn Products started work on [...]

Petroleo Brasileiro SA, Bolivia’s biggest foreign investor, and Repsol-YPF SA agreed to the South American nation’s new energy law, pledging to search for more natural gas deposits.
Petrobras and Repsol were among eight companies that early today signed agreements with the Bolivian government, adding to accords with Total SA and Occidental Petroleum Corp. yesterday.
“The other option [...]

Exxon Mobil Corp. on Thursday said earnings rose 6 percent to $10.5 billion, the second-largest quarterly operating profit ever by a U.S. company, boosted by strong oil production as crude prices hovered near record levels.
The better-than-expected third-quarter profit pushed the company’s shares to an all-time high of $72.33 on Thursday morning, before they retreated to [...]

U.S. citizens are beginning to come to terms with the country’s energy needs and are finding an answer blowing in the wind, according to electric power industry experts.
“Last year, and again this year, wind is going to be the second largest source of new power generation coming online,” said Christine Real de Azua, a spokesperson [...]

Occidental Petroleum Corporation announced core earnings for the third quarter 2006 were $1.159 billion ($1.35 per diluted share), compared with $1.004 billion ($1.22 per diluted share) for the same period in 2005. See the attached schedule for a reconciliation of net income to core earnings.
Net income for the third quarter 2006 was $1.168 billion ($1.36 [...]

DTN, a leading business-to-business provider of real-time information services, October 13 launched the DTN Ethanol Information Center, a new Web site with comprehensive current market data and background information on ethanol from around the world.
The Web site … http://www.dtnethanolcenter.com/ … is available to the public and includes DTN’s industry-leading agriculture and energy market analysis, the [...]

Oil and gas producer Occidental Petroleum Corp. said Wednesday its third-quarter earnings fell 33 percent from year-ago results that included hefty one-time gains.
The latest results were just above Wall Street estimates, however.
“Sharply higher crude oil prices and a strong performance from our chemicals business were key drivers in our financial performance in the quarter,” said [...]

Four members of a national conservation group touring Florida today to showcase gas-saving vehicles unfortunately had to use petroleum gas exclusively to run their biofuel-burning Chevrolet because ethanol fuel is not yet available here.
“The trick is you only have one pump in the whole state of Florida, unlike in the Midwest, where there are hundreds [...]

Companies working hard to squeeze more energy out of area rocks
Producing natural gas from shale — a thin, nonporous rock — is the newest wrinkle at some of Oklahoma’s biggest energy companies and a source of energy some say could be vital to meeting U.S. demand.
Encouraged by the explosive growth of natural gas production [...]