Exxon profit up, tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the U.S. government expects another 1.5 percent gain this year as businesses’ and consumers’ appetite for fuels like diesel... 

Tendril Teams with Whirlpool Corporation to Usher in New Era of Smart Appliances

Tendril, a leading energy platform company, and Whirlpool Corporation , the world’s leading appliance maker, unveiled a relationship that sets the stage for the rollout of smart home appliances in the U.S. The Tendril platform has the capability to support millions of smart appliances in homes across America. Tendril will provide the back-end... 

Honeywell and Haier Sign Memorandum of Understanding for Global Strategic Cooperation

Honeywell and Haier Group today announced the signing of a memorandum of understanding (MOU) for global strategic cooperation to collaborate on the development and promotion of low-emission, high energy-efficiency products and solutions. The MOU was signed during the U.S.- China Trade and Economic Cooperation Forum, contributing to the bilateral economic... 

TransCanada: Bison Pipeline Begins Service Moving Natural Gas out of the Rockies

TransCanada Corporation today announced its Bison Pipeline became operational on Friday, January 14. The 303-mile (487-kilometre), 30-inch-diameter interstate pipeline has an initial capacity of 407 million cubic feet a day, all of which is currently under long-term contract. With additional compression, the pipeline is expandable to 1 billion cubic... 

Kalahari Greentech’s Tri-Brid Solar Collector Has a Revenue Potential of $973 Million

Kalahari Greentech, Inc. released a statement today discussing the company’s revenue projections for 2011. According to the American Housing Survey, there were 128,203,000 housing units in the United States in 2007 (Source: www.census.gov). If only one tenth of 1% of the approximately 128 million housing units were to purchase the Tri-Brid Solar... 

Enterprise Announces 26th Consecutive Quarterly Distribution Rate Increase

Enterprise Products Partners L.P. announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.59 per common unit, or $2.36 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the... 

Rising Heating Oil Costs Result in Record Savings with Wood Pellets

As homes heating with oil are facing record-level heating bills, consumers heating with wood pellets are suddenly realizing record savings. This January, Popular Mechanics introduced “the high tech, carbon-neutral alternative fuel of the future” – wood. Providing environmental and economic benefits, and a level of convenience unmatched by... 

GOAL ZERO Introduces Most Cost-Effective, Compact and Lightweight Solar Energy System to Date at CES 2011

GOAL ZERO, an innovator of portable solar power systems, today introduced the GOAL ZERO Guide 10 rechargeable power pack and Guide 10 Adventure Kit, delivering its most cost-effective, compact and lightweight solar energy system to date. Consisting of four AA rechargeable batteries, a USB output port, and an LED flashlight, the GOAL ZERO Guide 10 power... 

Russia in milestone oil pipeline supply to China

Russia, the world’s top crude exporter, said it had begun scheduled oil shipments to China via an East Siberian link on Saturday as the Kremlin cements ties with its energy-hungry neighbor. So far, Russia’s 50,000-km oil pipeline network has been concentrated in West Siberia and run toward Europe. With the commissioning of the Eastern Siberia... 

Atlantic Power Announces Closing of Cadillac Renewable Energy Acquisition

Atlantic Power Corporation announced today that it has closed the previously announced acquisition of 100% of the membership interests in Cadillac Renewable Energy, LLC (“Cadillac”), a 39.6 MW wood fired facility located in Cadillac, Michigan. The purchase price was $77 million, plus customary working capital adjustments, and was funded by $34...