PPL Corp Says Susquehanna Nuclear Power Plant Operating Normally

- PPL Corp Says Susquehanna Nuclear Power Plant Operating Normally



Aug 23, 2011

The earthquake felt throughout the mid-Atlantic region has not affected regular operation at PPL Corporation's (NYSE:PPL) Susquehanna nuclear power plant near Berwick, the company announced.

Unit 1 of the plant continues to operate normally at full normal power while unit 2 had previously shut down for maintenance and remains in safe, stable conditions.

PPL is delaying the return of Unit 2 to full power as a precautionary measure.

PPL has declared an "unusual event" as a result of the earthquake. An unusual event is the lowest of four emergency classifications established by the U.S. Nuclear Regulatory Commission for nuclear power plants.

Oil & Gas Post

Promote Your Page Too
LINK

Clean Energy Fuel Corp Is Receiving $150M Investment From Chesapeake Energy

- Clean Energy Fuel Corp Is Receiving $150M Investment From Chesapeake Energy



Jul 12, 2011

Clean Energy Fuel Corp. (NASDAQ:CLNE) is receiving a $150 million investment from Chesapeake Energy Corp. (NYSE:CHK) as part of the company's $1 billion fund to invest in companies that develop infrastructure or technology to increase the use of gas as a motor fuel, according to a Bloomberg report.

Clean Energy Fuels has a potential upside of 17% based on a current price of $14.82 and an average consensus analyst price target of $17.33.

Oil & Gas Post

Promote Your Page Too

Apache Corp Announced The Results Of Two Development Wells

- Apache Corp Announced The Results Of Two Development Wells



Jul 6, 2011

Apache Corp. (NASDAQ:APA) announced the results of two development wells completed in June at the company's Forties field in the UK sector of the North Sea.

Charlie 4-3 commenced production at a rate of 12,567 barrels of oil per day (b/d), which is the highest in the Forties since 1990 and follows the previously disclosed Charlie 2-2, completed in March with an initial production rate of 11,876 b/d. Delta 3-5 commenced production at 8,781 b/d.

The company acquired a new 4-D seismic survey over Forties during 2010, enhancing the company's ability to identify accumulations of by-passed oil within the field area.

James L. House, region vice president and managing director of Apache North Sea Ltd. said, "The safe and very successful delivery of our 2011 drilling program reflects the experience, teamwork, technical skill and commitment of the Apache North Sea region."

Apache has a potential upside of 18.1% based on a current price of $124.49 and an average consensus analyst price target of $147.05.

Oil & Gas Post

Promote Your Page Too

UBS Initiates Coverage of Tesoro With $23 Target, Neutral Rating

- UBS Initiates Coverage of Tesoro With $23 Target, Neutral Rating



Jun 28, 2011

UBS initiated coverage of Tesoro Corp (NYSE:TSO) today with a neutral rating and a $23 price target for the company.

Shares of Tesoro are trading up 2.17% at $21.63.

Tesoro has a potential upside of 35.3% based on a current price of $21.63 and an average consensus analyst price target of $29.27.

Tesoro is currently below its 50-day moving average (MA) of $23.86 and should find support at its 200-day MA of $20.02.

Oil & Gas Post

Promote Your Page Too

UBS Initiates Coverage of Valero Energy with Buy Rating, $33 Price Target

- UBS Initiates Coverage of Valero Energy with Buy Rating, $33 Price Target



Jun 28, 2011

UBS initiated coverage of Valero Energy Corp (NYSE:VLO) today with a buy rating and a $33 price target for the company.

Shares of Valero Energy are trading up 2.32% at $24.25.

Valero Energy (NYSE:VLO) has a potential upside of 41.3% based on a current price of $24.25 and an average consensus analyst price target of $34.27.

Oil & Gas Post

Promote Your Page Too

Total Reports Q1 Earnings Up 51% To $5.86 Billion

Total Reports Q1 Earnings Up 51% To $5.86 Billion



Apr 29, 2011

Total (NYSE:TOT) reported Q1 earnings of $5.86 billion, up 51% from the $3.87 billion the company earned in Q1 of 2010. Revenue for the quarter was up 22% year-over-year to $68.29 billion.

Chief Executive Christophe de Margerie said, "Growing geopolitical tensions and the aftermath of the earthquake in Japan will shift the balance of the global energy markets. In the face of these new challenges, Total confirms its strategy of investing to increase its production to better respond to changes in energy demand and in the energy mix."

Total announced Thursday night a $1.37 billion proposal to take 60% of SunPower Corp. (NASDAQ:SPWRA), a U.S. solar manufacturer, in an effort to boost its renewable-energy portfolio.

Constellation Energy Reached Deal To Manage Toyota's Natural Gas Needs (CEG,TM)

Constellation Energy Reached Deal To Manage Toyota's Natural Gas Needs (CEG,TM)



Constellation Energy (NYSE:CEG) said it reached a deal with Toyota Motor Corp.'s (NYSE:TM) North American engineering and manufacturing operations to manage its natural gas needs.

The company will handle natural gas supply, risk management, hedging, budget analysis, energy market monitoring and other services for Toyota manufacturing facilities in the U.S., Canada and Mexico. It will also provide risk management services to 14 facilities and will supply natural gas to nine Toyota sites in North America.