Daily Archives: March 2, 2012

PG&E proposes rate reductions to help businesses

Pacific Gas and Electric Co. has asked state regulators for the right to offer a more competitive rate to large companies in an effort to attract and retain large California employers, the company announced Friday. The proposal targets certain companies with power loads of at least 200 kilowatts, who would be provided a 12 percent rate reduction for five years. “Affordable, reliable power is more important than ever as an enabler of business and employment development in our state,” Tom …  More »

TEXT-S&P revises Forest Oil Corp outlook

– U.S. energy exploration and production company Forest Oil Corp. could exceed our 4x leverage target in 2013 without meaningful growth in its liquids production.  More »

Completions 3/4

Texas RRCD 7C  More »

Bakken Investor Conference Featured Speakers – Terry Hildestad, MDU Resources Group, Inc., Gov. Jack Dalrymple, North Dakota

MINOT, N.D., March 2, 2012 /PRNewswire/ –The 2nd Annual Bakken Investor Conference connects energy sector and real estate investors with opportunities in the Bakken Shale Play. The 2012 Bakken Investor Conference will be held April 2-4, 2012 in Minot, North Dakota. Terry…  More »

Building Permits 3/4

Building permits February 20-February 24  More »

Petrobras starts production in the Gulf of Mexico

The Brazilian oil company Petrobras has begun oil and gas production at its Cascade 4 well — the first production in the Gulf of Mexico using a Floating Production, Storage and Offloading vessel more commonly deployed in more remote areas.  More »

MarketWatch First Take: Oil market walks Iran’s tightrope

Looking for clues in Obama-Netanyahu talks on how to play rising tensions over Iran’s nuclear program.  More »

USW Welcomes Release of Mining Studies

PITTSBURGH, March 2, 2012 /PRNewswire-USNewswire/ — The United Steelworkers (USW) welcomed the release today of two studies in the Journal of the National Cancer Institute showing that exposure to heavy diesel exhaust in underground mining facilities …  More »

Hawaii’s average gas prices rise by at least a penny a day

Gas prices in Hawaii rose by a penny a day — or more — over the past week to a statewide average of $4.35 for a gallon of regular unleaded, according to AAA Hawaii’s Weekend Gas Watch. The statewide price was 11 cents higher than a week ago, 25 cents more than a month ago and 55 cents higher than a year ago. While Hawaii has the highest statewide gas price in the nation, California is a close second with …  More »

Obama says attack on Iran would be ‘a distraction’

US president says the US believes best solution is a permanent accord to end Iran’s nuclear weapon ambitions that does not require ‘constant military intervention’  More »

Dot Earth Blog: An Economist Rebuts The Wall Street Journal "16? on Climate Risk

A Yale economist expands on his critique of climate skeptics writing in The Wall Street Journal.  More »

Oil ends 2% lower at $106.70 a barrel

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.  More »

Metals Stocks: Gold, silver suffer daily, weekly losses

Gold and silver futures end the week in the red as the U.S. dollar pushes higher and other assets such as U.S. equities and oil futures trade lower.  More »

Iran parliamentary polls see high turnout

Millions of Iranians vote to elect a new parliament after conservative leaders had urged a strong turnout to help deter foreign threats  More »

AIG raises $500m from Blackstone sale

The sale of the insurer’s remaining stake in the private equity group is part of a series of moves to shed non-core holdings and focus on its core businesses  More »
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