International Business News - Energy http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Aubrey K. McClendon, the billionaire chief executive of Chesapeake Energy Corp., has sold "substantially all" of his stock in the company over the past three days in order to meet margin loan calls, the company said Friday. http://www.ibtimes.com/articles/20081010/chesapeake-energy-ceo-forced-to-sell-company-stock.htm Fri, 10 Oct 2008 20:14:25 EDT Shares of Chesapeake Energy Corp. lost more than a fifth of their value Friday as crude and energy prices dropped and most broader markets slid amid widespread concern about the state of the global economy. http://www.ibtimes.com/articles/20081010/chesapeake-energy-shares-tumble-with-energy-prices.htm Fri, 10 Oct 2008 21:13:35 EDT Moody's Investors Service affirmed its stable outlook for Centerpoint Energy Inc. Friday after the utility said costs from Hurricane Ike were greater than initially expected. http://www.ibtimes.com/articles/20081010/moodys-keeps-stable-outlook-on-centerpoint-energy.htm Fri, 10 Oct 2008 14:28:06 EDT Germany successfully persuaded its EU partners Friday to make the bloc's gas and electricity distribution networks more open to foreign investment. EU energy ministers also bowed to a Dutch demand to boost protection for gas and electricity sectors in the Netherlands, Britain, Denmark, Sweden and elsewhere from competitors in other EU nations less keen to deregulate their markets. http://www.ibtimes.com/articles/20081010/eu-governments-compromise-on-energy-deregulation.htm Fri, 10 Oct 2008 11:40:59 EDT Electric utility PPL Corp. is set to begin converting methane gas from the Cumberland County Landfill into electricity. The project received approval from the state Department of Environmental Protection this week and is supposed to be up and running by the end of the year. http://www.ibtimes.com/articles/20081010/pa-approves-ppls-landfill-to-energy-project.htm Fri, 10 Oct 2008 11:37:14 EDT Electric utilities have to persuade the general public that nuclear power is a safe and reliable alternative to coal-fired plants if they want to build more reactors, former New Jersey governor and federal environmental chief Christine Todd Whitman told about 100 South Carolina business leaders. http://www.ibtimes.com/articles/20081010/former-epa-chief-whitman-discusses-nuclear-energy.htm Fri, 10 Oct 2008 10:08:12 EDT Linn Energy LLC said late Thursday it will sell part of its holdings in Oklahoma, including the Woodford Shale interval, for $229 million in cash. The independent oil and gas company said it will retain rights to the shallow portion of the land, noting that the sale contains no producing reserves. http://www.ibtimes.com/articles/20081010/linn-energy-to-sell-okla-land-for-229-million.htm Fri, 10 Oct 2008 08:13:33 EDT Linn Energy LLC said late Thursday its board has approved the buyback of up to $100 million of the company's outstanding units. The units may be purchased "from time to time" on the open market or in negotiated deals, and the timing and amounts of the purchases will be up to management, the company said. http://www.ibtimes.com/articles/20081010/linn-energys-board-approves-100m-unit-buyback.htm Fri, 10 Oct 2008 08:13:25 EDT The International Energy Agency made new cuts Friday to its global oil demand forecasts for this year as economic conditions in developed nations worsened amid financial turmoil and inflation, and said demand would weaken further in 2009. http://www.ibtimes.com/articles/20081010/iea-cuts-oil-demand-forecasts-for-2008-2009.htm Fri, 10 Oct 2008 06:22:45 EDT Shares of Kinder Morgan Energy Partners LP continued to rise Thursday after the energy transportation and storage company said earlier this week it would increase its quarterly cash distribution by 16 percent over the previous year. http://www.ibtimes.com/articles/20081009/kinder-morgan-shares-rise-after-distribution-boost.htm Thu, 09 Oct 2008 14:34:29 EDT A spat over foreign investments, notably by Russia's Gazprom, threatens to wreck the EU's plan to adopt by year's end a landmark climate change bill that would end gas and electricity monopolies and stoke more energy efficiency and renewable energy use. http://www.ibtimes.com/articles/20081009/energy-deregulation-compromise-in-jeopardy.htm Thu, 09 Oct 2008 14:09:37 EDT Tetra Tech Inc. said Thursday that it has been awarded work on three wind farm projects worth a total of $69 million. The company will provide engineering, procurement and construction services at a wind farm owned by Oklahoma Gas & Electricity Co. in Woodward, Okla. Tetra Tech will do similar work at a wind project run by Kodiak Electric Association in Kodiak Island, Alaska. It will also do construction work at the High Sheldon Wind Farm in Wyoming County, N.Y. http://www.ibtimes.com/articles/20081009/tetra-tech-gets-3-energy-projects-worth-69m.htm Thu, 09 Oct 2008 13:27:35 EDT A look at some of the positions of the presidential candidates on energy and global warming: Republican John McCain: http://www.ibtimes.com/articles/20081009/mccain-and-obamas-energy-proposals.htm Thu, 09 Oct 2008 16:31:50 EDT When oil topped $100 a barrel earlier this year, and gasoline prices soared above $4 a gallon, Americans cried out for relief. Some called for more offshore oil drilling. Others pushed for the development of alternative fuels. And many made energy policy a top priority as they consider the presidential campaign. http://www.ibtimes.com/data/articleimgs/148200-big-issue-energy.jpg http://www.ibtimes.com/articles/20081009/big-issue-energy-crisis-hitting-home.htm http://www.ibtimes.com/articles/20081009/big-issue-energy-crisis-hitting-home.htm Thu, 09 Oct 2008 14:51:07 EDT Shares of Sempra Energy swung wildly Wednesday with the broader markets, but an analyst kept a top rating on the energy company. The stock rose $1.37, or 3.6 percent, to close at $39.53. Earlier in the session, shares had fallen as much as $2.28, or 6 percent, to touch a 52-week low of $35.88. http://www.ibtimes.com/articles/20081008/sempra-shares-swing-with-broader-market.htm Wed, 08 Oct 2008 19:45:02 EDT An analyst reiterated a top rating on Energy Conversion Devices Inc. Wednesday, saying the solar energy product maker's technology should provide a competitive edge against supply-and-demand scenarios. http://www.ibtimes.com/articles/20081008/analyst-still-positive-on-energy-conversion.htm Wed, 08 Oct 2008 14:31:03 EDT Yingli Green Energy Holding Co. said Wednesday it has no plans to boost capacity once it reaches 600 megawatts, which is expected in 2009. The company recently completed an expansion to its manufacturing capacity, boosting levels to 400 megawatts. Additionally, Yingli plans to add an additional 200 megawatts of capacity by the third quarter of 2009. http://www.ibtimes.com/articles/20081008/yingli-plans-to-stop-expansion-at-600-megawatts.htm Wed, 08 Oct 2008 12:30:30 EDT The European Union's energy chief urged investment in Russia's long-term oil supply, suggesting Wednesday that could help calm markets across Europe. "The means of availability of capital is crucial for long-term supply," EU Energy Commissioner Andris Piebalgs told reporters after talks with Russia's energy minister in Paris. http://www.ibtimes.com/articles/20081008/eu-energy-chief-urges-investment-in-russian-oil.htm Wed, 08 Oct 2008 11:10:03 EDT A proposed renewable energy rule being considered by Florida utility regulators would be the weakest in the nation, critics charged Tuesday. Environmentalists and renewable energy industry representatives assailed the proposal written by the staff of the Public Service Commission. http://www.ibtimes.com/articles/20081007/fla-renewable-energy-rule-criticized-as-too-weak.htm Tue, 07 Oct 2008 17:11:09 EDT Shares of Royale Energy Inc. jumped Tuesday after the company announced a natural gas discovery in California's Sacramento Basin. Royale shares gained 58 cents, or 18.6 percent, to $3.70 in midday trading. http://www.ibtimes.com/articles/20081007/royale-energy-shares-jump-on-natural-gas-discovery.htm Tue, 07 Oct 2008 11:43:13 EDT