Obama’s Visit to Brazil Yields ‘Encouraging’ Renewable Fuels Cooperation, According to Brazilian Sugarcane Industry Association

Two important announcements involving renewable energy made on the opening day of U.S. President Barack Obama’s official visit to Brazil, both directly relevant to Brazil’s successful sugarcane ethanol industry, are encouraging signs that Brazil and the U.S. are on a path to achieve free, unobstructed trade for clean, renewable biofuels.... 

Peabody Energy Announces New Business Development and Law Appointments

Peabody Energy announced today two new leadership appointments: Murray Hundleby has been named Vice President and Chief Legal Officer – Australia, and Rebecca L. Kujawa has been promoted to Vice President – Business Development. In this new position, Hundleby will lead the law department supporting Peabody’s Australian business platform from... 

S&P 500 eyes best week in nine

Stocks were headed for their best week in nine on Friday as the market defied calls for a pullback despite signs of rotation into defensive and lagging sectors that could intensify in coming weeks. Signs of improvement in the economy and strong corporate earnings have propelled stock prices but tapering volume, meager gains and declining numbers of... 

Global Expenditure on Oil & Gas Field Machinery to Reach $121 Billion in 2011

The report analyzes and forecasts the growth of the market over the next ten years, highlighting the countries and subsectors with strong growth prospects within the market. The research determines global expenditure on oil & gas field machinery to be $120.6 billion in 2011. The report forecasts and assesses the global spending in the oil &... 

Alpha agrees to buy Massey Energy for about $7.1 billion

Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year. The deal — the latest in a wave of consolidation sweeping the industry — creates the second largest U.S. coal miner by market value, holding 110 mines and combined coal reserves of... 

Alpha close to $7 billion Massey deal: sources

Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday. One of the sources said Massey shareholders will receive slightly more than one Alpha share for each Massey share in addition to $10 per share in cash, for a value... 

Peabody Energy (NYSE: BTU) Declares Dividend of $0.085 Per Share

The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on March 3, 2011, to holders of record on Feb. 10, 2011. Peabody Energy is the world’s largest private-sector coal company and a global leader in clean coal solutions. With 2010 sales of 246 million... 

Savage to Construct, Own and Operate a Multi-User Railport at Trenton, North Dakota

Savage Companies (Savage) announced its plans to construct, own and operate a large multi-user rail terminal in Trenton, North Dakota. The terminal, to be known as Trenton Railport, will be served by the BNSF Railway, and will be designed to bring large-scale rail service to the Bakken Formation (the Bakken) with oil-field related materials such as... 

Yingli Green Energy Becomes an Official Premium Partner of FC Bayern Munchen

Yingli Green Energy Holding Company Limited , a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which markets its products under the brand “Yingli Solar”, today announced that the Company has become an Official Premium Partner of FC Bayern Munchen (“FCB”), one... 

Platts Report: China’s December Oil Demand at Record High 9.6 mil b/d

Platts – China’s apparent oil demand* in December rose 18% year over year to a record 40.73 million metric tons (mt), or an average 9.6 million barrels per day (b/d), with both crude throughput and net oil product imports rising, according to just-released Platts’ analysis of the latest official data. Oil demand in December was also up...