Chron Energy Items: 04.18.08

A few of the energy related items on Chron.com and elsewhere around the Web:
BP chief predicts sizable return on retooling: Late this year and into 2009, BP’s bottom line should reflect pointed efforts to clean up problems and improve performance, CEO Tony Hayward told shareholders Thursday.
KBR clears contract hurdle: Houston-based KBR has again been selected to participate in a 10-year military logistical support contract valued at up to $150 billion, the U.S. Army announced Thursday.
Why new oil price highs?: Econbrowser WTI closed $115/barrel: Does that reflect changes in the fundamentals of world supply and demand? My answer is no.
Gain in fuel shipments brings profit to Kinder Morgan: Bloomberg News — Kinder Morgan Energy Partners, the largest U.S. pipeline partnership by market value, posted a first-quarter profit of $346.7 million and a gain in cash flow for investor payouts after fuel shipments increased.
Government again delays decision on polar bears: Associated Press — Groups say feds are stalling in order to issue oil leases.
Schlumberger profits up, but miss analysts’ target: Associated Press — Schlumberger Ltd. said today its first-quarter net income rose nearly 14 percent from a year ago, but the oilfield services provider missed the Wall Street forecast.
Cheniere drops on concern it can’t meet obligations: Bloomberg News — Cheniere Energy, a liquefied-natural-gas company set to open a terminal next week, plummeted 16 percent, its third day of declines, on concern that it won’t be able to meet debt obligations.
Rowan expects quarterly results to miss estimates: Bloomberg News — Rowan Cos., an oil and natural gas driller that builds its own rigs, said it expects first- quarter results to miss consensus estimates because of “short- term timing issues.”
Some Plankton Thrive With More CO2: NYT’s Dot.earth
Indonesia Govt grants Rio Tinto fixed-rate tax for project: Pertambangan
Trina Solar Cancels $1 Billion Polysilicon Plant: The Energy Blog. China-based Trina Solar cancels plans to build a $1 billion polysilicon plant that was revealed in December of 2007.

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