Liang singled out Suntech Power Holdings Co. Ltd. as a favorite because weakening prices in the second half of the year could shake out the industry and leave Suntech in a stronger relative position. Suntech rose $3.84, or 8.6 percent, to $48.63.
Elsewhere in the sector, shares of SunPower Corp. gained $6.80, or 7.6 percent, to $95.86, […]
May 15th, 2008 Tags: Power, Power Corp., Price, Prices, Shares, Solar, SUN, Suntech Power Holdings Co.
Iraq’s oil ministry said it is postponing the deadline for bids to develop the prized Akkas natural gas field in the western part of the country until May 18. The new deadline comes after the ministry said it was unable to lure enough offers by a previous deadline two weeks ago because of a lack […]
May 7th, 2008 Tags: Dutch Shell, Gas, gas field, Iraq, Natural Gas, natural gas field, Oil, oil field, oil fields, Oil Ministry, oil pipeline, Pipeline, Royal Dutch, Royal Dutch Shell, SUN
Uranium mining in the United States may be about to surge, a spike in claims being filed indicates.
In five Western states where uranium is mined, 43,153 claims were filed last year, up from 4,333 in 2004, the Los Angeles Times reported Sunday. The area of interest includes near the Grand Canyon, where U.S. Interior Department […]
May 5th, 2008 Tags: Africa, Canada, Canyon, Congress, Environment, environmental group, environmental groups, Grand Canyon, Los Angeles, Los Angeles Times, mine, Mines, mining, Pike, Power, Price, SUN, The Times, U.S. Interior Department, United States, Uranium, uranium mining, West Africa
World oil prices were slightly lower in Asian trade on Monday after fresh unrest in Africa’s biggest crude producer, Nigeria. New York’s main oil futures contract, light sweet crude for June delivery, was 13 cents lower at 116.19 dollars per barrel.
The benchmark contract rallied 3.80 dollars to close at 116.32 dollars on Friday at the New […]
May 5th, 2008 Tags: Africa, Asia, Asian, Australia, bank, Brent, Brent North Sea, Commonwealth Bank, Commonwealth Bank of Australia, Company, David Moore, Energy, energy consumer, Exchange, Iraq, Labor, London, Market, markets, New York, Niger, Nigeria, North Sea, Oil, oil facilities, oil futures, oil market, oil markets, Oil price, Oil prices, Price, Prices, Scott, SUN, Sydney, Trade, West Africa
Oil prices held steady Monday, supported by weekend news of an attack on a Nigerian oil installation, but with gains limited by the strengthening of the U.S. dollar.
Royal Dutch Shell PLC spokesman Precious Okolobo said Saturday that attackers hit a flow station belonging to Shell’s joint venture in southern Nigeria and that some oil production […]
May 5th, 2008 Tags: Ali Khamenei, Asia, Asian, Dutch Shell, Exchange, Export, Gas, Gasoline, heating oil, Iraq, Labor, Market, Middle East, Natural Gas, natural gas futures, New York, Niger, Nigeria, Oil, oil futures, Oil price, Oil prices, oil production, Petroleum, Pipeline, Price, Prices, Royal Dutch, Royal Dutch Shell, Singapore, SUN
The Southern India Engineering Manufacturers’ Association (SIEMA) has urged the Centre to ban export of iron ore immediately or at least impose a steep export duty on iron ore.
In a letter to finance minister P Chidambaram, a copy of which was released to the press, SIEMA thanked him for exempting from import duty various steel […]
May 5th, 2008 Tags: Export, finance, India, Iron Ore, Market, mining, Natural Resources, Price, Prices, Resources, steel, steel products, SUN
The Sabah Government is sticking to its decision against building a coal- fired power plant in Lahad Datu. State Tourism, Culture and Environment Minister Datuk Masidi Manjum said the government could not afford the environmental risks of such a facility close to key pristine conservation areas.
“We are aware of the argument that coal-fired plants in the […]
May 4th, 2008 Tags: Bay, Chairman, Coal, coal-fired plants, east coast, electricity, electricity generation, Electricity supply, Energy, Environment, Ford, Gas, Hydro, Mali, Natural Gas, Power, Singapore, Solar, State Government, SUN, Valley
The EIA report did not encourage investors to scoop up refiners’ shares. Lower oil prices notwithstanding, the rise in inventories was bearish for refiners, according to Lehman Brothers analyst Paul Cheng, who has a negative outlook for the sector.
“We expect gasoline margin may have already peaked and will likely resume their downward spiral by early […]
May 3rd, 2008 Tags: Emerging, Energy, Energy Corp., Gas, Gasoline, heating oil, Lehman Brothers, Market, Oil, Oil price, Oil prices, Price, Prices, Shares, SUN, Sunoco, Sunoco Inc, Valero Energy, Valero Energy Corp.
Labor actions that cut crude supplies from the North Sea and Nigeria helped keep oil prices up around $120 a barrel. BP PLC on Sunday shut down the Forties Pipeline System that carries more than 700,000 barrels of oil a day to the U.K. because of a 48-hour walkout by employees in a pension dispute […]
April 29th, 2008 Tags: BP, BP Plc, Company, Exxon, ExxonMobil, ExxonMobil Corp, keep oil prices, Labor, Larry, mining, Mobil, Niger, Nigeria, North Sea, Oil, oil output, Oil price, Oil prices, oil production, OPEC, Pipeline, Price, Prices, Scotland, SUN
Analysts cheered SunPower Inc., a day after the solar company said its first-quarter net income soared to $12.8 million, or 15 cents per share, from $1.2 million or 2 cents per share a year ago. The company also expects second-quarter earnings to triple first-quarter results.
PacificCrest analyst Mark Bachman in a client note said domestic demand […]
April 19th, 2008 Tags: Calyon, Company, Earnings, Inco, Power, Solar, SUN
At the same time, shares of Evergreen Solar Inc. headed in the opposite direction, losing $1.17, or 10.9 percent, at $9.60. The company narrowed its first-quarter loss to $25,000 — roughly break-even per share — compared with a loss of $6.2 million or 9 cents per share a year ago.
But investors were disappointed with Evergreen’s […]
April 19th, 2008 Tags: Company, Evergreen Solar Inc., Power, Shares, Solar, SUN, Wall Street
East Delta Resources Corp. announced today that its majority owned subsidiary, Sino-Canadian Metals Inc. has completed construction of a metals processing plant that produces a nickel-copper aggregate from ore supplied by local mines.
The facility, owned by Sino-Canadian through its Joint Venture in China, is located in Qinghai Province and has been in development for over […]
April 17th, 2008 Tags: Base metal, China, Coal, Company, Copper, Delaware, Gold, IGHL, law, metal, metal prices, mine, Miner, Mineral, Mines, mining, Montreal, Orica, owned subsidiary, Price, Prices, Quebec, Resources, Safe Harbor, Silver, SUN, Trade, Zinc