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Lockheed Martin To Build World’s Largest Wave Power Facility In Australia
Tuesday, February 18, 2014 1:50 PM EDT
The world’s largest defense contractor, U.S. Lockheed Martin Corp., better known for its military weaponry programs, is beginning to back renewable energy.
In this article: LMT, OPTT
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Iranian Oil Exports Increase After Nuclear Deal
Tuesday, February 18, 2014 10:23 AM EDT
Shaking off some of the restrictions of international sanctions, Iran managed to boost its oil exports by 100,000 barrels per day in January.
In this article: BP, ENI, LUK, TOT
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The Latest Mine To Shut Down...
Monday, February 17, 2014 7:06 PM EDT
The Perkoa zinc open pit in Burkina Faso--run by base metal major GlencoreXstrata, and Australian junior developer Blackthorn Resources is the latest mine to shutdown due to low prices.
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Russian Lukoil Considers Re-Entry Into Iranian Oil
Monday, February 17, 2014 9:06 AM EDT
Lukoil and Norway’s Statoil were jointly prospecting for oil in Iran's Anaran block but were forced to abandon the project due to the US-led and EU sanctions against Iran. Lukoil has announced it is now prepared to return.
In this article: LUKOY
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Wave Of Coal Retirements Coming By 2016
Monday, February 17, 2014 5:32 AM EDT
There will be many more closures of coal-fired power plants around the country over the next two years than has been announced thus far, according to the Energy Information Administration.
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Cyberattack On Energy Sector Would Be 'Devastating'
Sunday, February 16, 2014 8:08 PM EDT
It may be a state actor that launches the next major attack against the energy sector and it may be from a computer.
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This Week In Energy: April D-Day For Alaska’s Massive Gas Plans
Sunday, February 16, 2014 12:45 PM EDT
Alaska stands at an energy crossroads, with the State Legislature considering the fate of a massive liquefied natural gas project that would be an economic boost for the state and greater supply for Asian markets hungry for LNG. Does the deal pander to oil companies?
In this article: BP, TRP, XOM
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Big Oil Sheds Assets To Fix Balance Sheets
Saturday, February 15, 2014 2:17 PM EDT
Instead of blowing more cash on boosting booked reserves, several oil companies are pulling back in order to shore up profitability. That means passing on huge projects, divesting from underperforming ones, and focusing on core assets.
In this article: BP, CVX
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This New Asian Commodity Trend Is Accelerating
Friday, February 14, 2014 11:51 AM EDT
It's not often that a completely new trend emerges in natural resources.
In this article: NGL
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Bill Gates’ Energy Co Files For Bankruptcy
Friday, February 14, 2014 9:49 AM EDT
Bill Gates’ Texas energy company, Optim Energy (EnergyCo LLC), has filed for bankruptcy protection as the depressed power market results in untenable financial losses.
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Sinopec Announces 440 Billion Cubic Meters Natural Gas Discovery In Sichuan
Thursday, February 13, 2014 6:38 AM EDT
In news certain to delight the Chinese government, Sinopec announced the discovery of a massive 440.4 billion cubic meters natural gas deposit in the country’s Sichuan Basin.
In this article: CVX, PTR, SNP
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Betting On The Next Oil Boom? You're Grasping At Straws
Wednesday, February 12, 2014 6:18 PM EDT
The oil narrative for this year may be just like this season's weather ---extreme and highly unpredictable.
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The Opportunity In This Metal Is Obvious
Wednesday, February 12, 2014 3:24 PM EDT
It's certainly true that throughout history most commodities have swung from boom to bust. Which means that buying busts has been a reliable strategy for profits. We're certainly in a bust for one metal: uranium.
In this article: PDN.TSX
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Heating Bills Reach Record High For New Yorkers
Wednesday, February 12, 2014 11:03 AM EDT
Cold weather continues to plague U.S. consumers with high costs for heating. The Northeast in particular has been hit hard. Metropolitan New York is now paying record prices for natural gas and heating oil.
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China Makes Large Natural Gas Discovery
Tuesday, February 11, 2014 8:32 PM EDT
The reserve, discovered by CNPC’s subsidiary PetroChina, could hold 440 billion cubic meters (bcm) of natural gas, 308 bcm of which is technically recoverable--enough natural gas to fuel the Chinese economy for two years.
In this article: PTR
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SEC Lashes Out At Wolves Of Wall Street- Suspends 225 Companies
Tuesday, February 11, 2014 3:10 PM EDT
The US Securities and Exchange Commission (SEC) has suspended 255 shell companies from trading until 14 February to prevent “pump and dump” fraud, and stocks will not be relisted if companies fail to prove they are operational.
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