Aug 27, 2008 – The New York Times reported that supervisors voted 3-2 to end to end the county’s decades long opposition to offshore drilling that was ignited by the 1969 oil spill that covered its coastline. As we mentioned earlier, this is further evidence of the public leading politicians. The Public Policy Institute recently [...]
Aug 29, 2008 – Alexander H. Tullo in Chemistry & Engineering News reports on the use of catalysts in the preparation of biodiesel fuel. DuPont, Evonik Industries and BASF are not the usual corporate names that one associates with green energy biodiesel. But its chemistry, not wizardry, that converts animal fats and vegetable oils into biodiesel [...]
Aug 25, 2008 – Stavanger, Norway, StatoilHydro [STO] CEO Helge Lund announced an oil discovery under the Dagny structure in the North Sea estimated at 100-125 million barrels that he said confirms that the region is still very prospective. Also, StatoilHydro senior VP Tim Dodson announced a deep water [3925 meters] gas discovery in the [...]
Aug 30, 2008 – This morning’s US National Hurricane Center Report: DATA FROM AN AIR FORCE RECONNAISSANCE AIRCRAFT INDICATE THAT MAXIMUM
SUSTAINED WINDS HAVE CONTINUED TO INCREASE AND ARE NOW NEAR 120
MPH …195 KM/HR …WITH HIGHER GUSTS. GUSTAV IS A DANGEROUS
CATEGORY 3 HURRICANE ON THE SAFFIR-SIMPSON HURRICANE SCALE.
GUSTAV IS EXPECTED TO PASS OVER WESTERN CUBA AS [...]
The one hundred millionth solar cell was today handed over to the sales and distribution people of SolarWorld AG [Pink: SRWRF]. The total number of solar cells manufactured since the start of production in 2002 is equivalent to the size of 270 football fields [European or US?] or the area covered by the Duchy of [...]
CEO Helge Lund says StatoilHydro [NYSE: STO] will spend 9 billion NOK [about 1.67 billion USD] in this year on traditional fossil fuel exploration in the Norwegian Continental Shelf drilling 35 exploration wells in addition to 80 production wells. StatoilHydro expects to add 600,000 barrels per day to its production by 2015. Half will come [...]
There is so much wind being produced at the Democratic convention in Denver by politicians talking about what they are going to do to solve the energy crisis using green energy methods that it could power the INVESCO Center for a whole season. Don’t get me wrong; this is not a comment on Democrats, but [...]
Aug 26, 2008 – A PSEG, Public Service Electric & Gas Co., unit, announced today that it had formed a joint venture to develop a second generation of Compressed Air Energy Storage [CAES] technology, which stores off-peak energy in the form of compressed air in a reservoir that may be underground. The CAES technology then [...]
A number of solar energy stocks, especially Chinese [CSUN, JASO, LDK, TSL, STP, YGE] that we follow were down as much as 8%, though most were down about 5-6%. Most likely this is the result of profit taking after the sharp increases following the very positive earnings reports over the last several weeks as well [...]
Aug 22, 2008 – Nanjing, China – China Sunergy Co. Ltd. [CSUN] reported this 2Q 2008 financial results today. Revenue of $111.6 million was up44.9% from the 1Q and up 98.6% from 2Q 2007. Net income of $3.1 million compares to a net loss of $3.5 million in 2Q 2007 and net income of $0.5 [...]
Everyone is jumping on the CFL bandwagon. Wal-Mart, Home Depot and Lowe’s among many other retailers are promoting their sale even though they are more expensive than traditional light bulbs. What about the energy savings? The US Department of Energy [DOE] is pushing them also. Reading their June 2008 FAQ, one would think that they [...]
Aug 25, 2008 – Stavanger, Norway – StatoilHydro [STO ] CEO Helge Lund announced a new oil discovery in the North Sea indicating that the Dagny area are still prospective. Drilled in 119 meters of water & 4 km below sea level the discovery has about 100-125 million barrels of oil equivalent.
[...]
Suntech Power Holdings Ltd. [STP ], a leading PV solar energy company, seems to be doing what STP motor oil additive used to do for your car’s engine. STP closed today up $2.05 [4.59%] at $46.75. As we noticed in an earlier post STP was $34 as recently as August 15. Of course, it was [...]
Aug 20, 2008 – Dallas, TX – Southridge Enterprises, Inc. [SRDG.OB] announced that it entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 20 million gallons of ethanol/year. Deliveries are expected to begin in October 2008. The ethanol is being sourced from Petrozilian Energia SA [...]
Aug 8, 2008 – Rheinfelden, Germany – Evonik Industries [private company] [51%] and SolarWorld [SWV] opened their joint venture new solar silicon plant near Baden. The joint venture is using an innovative process that enables energy savings of up to 90% compared to conventional solar silicon production. A key point in manufacturing new technologies is [...]
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