Net income in Q4 2012 shrank for global pipe and tube producer Tenaris but full year earnings improved. Q4 net income of $350.3 million was down 20 percent from $437.5 million in Q3 2012 and down 18 percent from $426.3 percent in Q4 2011. ...
Peabody Energy has set a 2013 capital expenditure budget of $450 million to $550 million, roughly half that of 2012, and will further defer "early-stage" projects until coal market conditions improve, the St. Louis-based producer said ...
Despite declines in its coal volumes, Kansas City Southern swung to a fourth quarter and year-end profit, partly on growth in shipments of crude oil and frack sand, executives of the railroad said Tuesday. "The growth in crude and ...
Tags: coal volumes, Kansas, crude oil, frack sand
Coal's share of the US generation market will rise to 39% in 2013 from last year's 37.6% and reach 39.6% in 2014, the Energy Information Administration said Tuesday in its January Short-Term Energy Outlook. EIA said coal's rising ...
Tags: coal share, Energy Information Administration, coal, natural gas prices
As the photovoltaics sector transitions to emerging markets and away from Europe, analyst company NPD Solarbuzz is predicting a massive rise in demand for solar energy across Latin America and the Caribbean over the next five years. ...
Tags: Solarbuzz, PV Market, Latin America, CAGR
The next two weeks will be a "make-or-break" period for $4/Mcf natural gas prices this winter, and forecasts of warmer-than-normal weather across the eastern US during the period are pointing to "break," energy investment bank Tudor ...
Tags: January, natural gas prices, gas, Mineral
US railroads in 2012 hauled less coal, by far the largest commodity to travel by rail, but made gains in other commodity groups, such as petroleum products, which saw growth of more than 46%, according to annual traffic data released ...
Tags: US Rail Traffic, Coal Woes, Oil Loads Climb, Chemicals
Demand for solar energy across Latin America and the Caribbean is poised for explosive growth through 2017, with a forecast compound annual growth rate (CAGR) of 45%, according to NPD Solarbuzz. According to Chris Sunsong, analyst at NPD ...
Tags: solar energy, Latin America, the Caribbean, CAGR
Government auctions of oil and natural gas exploration rights in Western Canada have fallen to some of their lowest levels in the last 15 years and hopes of a recovery in 2013 hinge on operators making a breakthrough in new liquids-rich ...
Tags: oil, natural gas, barometer, industry confidence
With the combination of steep escalation in utility prices and current economic climate, the price that a businesses and homeowners pay for electricity and natural gas can mean the difference between make and break for their bottom line ...
Tags: utility prices, electricity, natural gas, electricity price
US-based Baker Hughes on Tuesday became the second large-capital oil service company in as many weeks to issue a warning of lower fourth-quarter earnings because of weaker North American and international activity. Baker Hughes' North ...
Russia - The Russian pipe market was growing throughout the Q3 of 2012, mainly due to stronger seamless industrial and welded line pipe demand. In the Q3 of 2012, the seamless OCTG market in Russia remained strong. Q3 Russian oil ...
Tags: steel pipe, iron ore price news, steel construction, oil&gas drilling
Replacing petroleum is a tough challenge. And although many alternatives have been developed, America still doesn't know what to do with them all. At a recent conference in New York City, we caught up with Dan Sperling, arguably the ...
Tags: petroleum, alternative fuel, climate change, electric cars, biofuels
The 11% increase in natural gas prices in Beijing implemented by the local government last week is an indication that the central government might soon unveil more gas pricing reforms, analysts said Tuesday. The Development and Reform ...
The main factor in determining oil prices next year, whether they will hold near current levels or come off what looks to be the highest ever annual average, will depend on how the economies of the world's main demand centers fare, ...
Tags: Oil Prices, high oil prices, gas