Monthly Archives: June 2011

Lights out at FERC

The agency responsible for overseeing the reliability of the U.S. electric grid shut its Washington, D.C., headquarters today because it had no power.  More »

Western Wind Management Changes and Project Update

Toronto Stock Exchange (Venture) Symbol: “WND” Issued and Outstanding: 59,061,994 VANCOUVER, June 1, 2011 /PRNewswire/ – Western Wind Energy Corp. (TSX.V - “WND”) (the “Company”) is pleased to announce that Chris Thompson, C.A., CFO has been promot…  More »

Oil settles below $101 on weak economic data

Crude prices slipped 2.4 percent after economic reports showed motorists buying less fuel, private employers adding fewer jobs than expected and U.S. manufacturing growth slowing dramatically.  More »

Rowan orders two $605M drillships

The Houston-based driller is purchasing its first two drillships to work in up to 12,000 feet of water and has an option to order a third from Hyundai Heavy Industries.  More »

Bill Clinton: Methane capture could be ‘goldmine’ in global warming fight

Politicians may need years to work out a way to limit the carbon dioxide produced by burning fossil fuels, so it would cheaper and quicker to focus on gases such as methane first, Clinton said at a meeting of mayors from the world’s largest cities in Brazil today.  More »

Father and Son to Cross Country on a Light Bulb’s Worth of Energy

NEW YORK, June 1, 2011 /PRNewswire/ — How far will a parent go to convince their child to stop leaving lights on around the house? For inventor and journalist Pierce Hoover, the answer is 4,000 miles. Hoover and his son embarked today on a cross-count…  More »

Cohen & Grigsby Attorney Selected as Presenter for Upcoming Seminar on Marcellus Shale

PITTSBURGH, June 1, 2011 /PRNewswire/ — Cohen Grigsby, a business law firm with headquarters in Pittsburgh, PA and an office in Bonita Springs, FL, is pleased to announce that attorney Clifford B. Levine will serve as an expert panelist for a seminar titled “Emerging Issues in the Law of Marc  More »

Kinecta Federal Credit Union to Open New Mortgage Center in Orange County, Creating Jobs While Offering Mortgage Products

MANHATTAN BEACH, Calif., June 1, 2011 /PRNewswire/ — Kinecta Federal Credit Union is pleased to announce plans to open a new mortgage center in Newport Beach to serve the needs of Orange County residents. Kinecta is committed to continuing its 70-year…  More »

Alterra Power Completes Sale of 25% Interest in HS Orka to Icelandic Pension Funds

TSX : AXY VANCOUVER, June 1, 2011 /PRNewswire/ – Alterra Power Corp. (TSX:AXY) reports that its wholly-owned subsidiary Magma Energy Sweden AB has now closed the previously announced agreement to sell a 25% stake in its 98.5%-owned Icelandic geothermal power company HS Orka hf to Jarvarm  More »

Taxpayer Watchdogs: $14 Trillion U.S. Debt Leaves No Room For Treasury-Backed Loan Guarantees For Energy Projects

WASHINGTON, June 1, 2011 /PRNewswire-USNewswire/ — With Congress poised to move forward on more taxpayer-backed loan guarantees for nuclear, wind, solar, “clean coal” and other energy sources, leading U.S. taxpayer and conservative groups cautioned to…  More »

Feds say Anadarko’s on the hook for spill liability

The Woodlands-based Anadarko has a 25 percent stake in the failed Macondo well and should be liable for fines and damages under U.S. pollution laws, argue U.S. lawyers.  More »

Feds approve 15th post-ban deep-water drilling project *updated*

Federal regulators today gave BHP Billiton the green light to drill a new development well in the Gulf of Mexico, marking the 15th approval for a project blocked by last year’s deep-water drilling ban. In response, Sen. David Vitter, R-La., said he would stop blocking a White House nominee over the issue.  More »