New business models – solar leases, green bonds, yieldcos – have reduced barriers around customer adoption of solar PV systems A new study says that after years of solar PV supply exceeding demand, 2015 was the year the market caught up, thanks in large part to new business models that made it easier and cheaper to go […]
Global solar PV revenue expected to generate $1.2 trillion from 2015 to 2024 Read More »
Baker Hughes revenue for 2015 was $15.7 billion, down $8.8 billion compared to$24.6 billion for 2014 HOUSTON, Texas – Baker Hughes, soon to be merged with oil services giant Halliburton, is reporting a profit despite the challenging global price environment, the company reported last week. “Our 2015 results are reflective of an extremely difficult and increasingly
Baker Hughes sees big drop in 2015 North American revenue Read More »
Schlumberger North America revenue declined 39% (land down 45%, offshore down 17%) HOUSTON, Texas – Schlumberger Limited says 2015 global revenue was down 27 per cent, with a full one-third of the decline coming from the weak position of international currencies against the US dollar. “Full-year 2015 revenue of $35.5 billion decreased 27 per cent year-on-year in
Schlumberger revenue down partly due to ‘challenging currency environment’ Read More »
Distributable cash flow per common share was $0.55 for Q4 2015 compared to $0.60 for Q4 2014 – Kinder Morgan update Kinder Morgan, Inc. said Thursday that its board of directors approved a quarterly cash dividend of $0.125 ($0.50 annualized) payable on Feb. 15, 2016, to shareholders of record as of the close of business on Feb. 1, 2016.
Kinder Morgan cuts dividends, trims capex to $3.3 billion Read More »
Heavy snowfall in the Permian Basin, Oklahoma reduced utilization rates in Dec. Fort Worth, Texas-based Basic Energy Services, Inc. is feeling the pinch of low oil and gas prices, as rig and fluid service truck utilization rates fell further at the end of 2015., the company announced Tuesday. Basic Energy’s well servicing rig count remained unchanged
Basic Energy reports major decline in rig, truck services Read More »
Pioneer Natural Resources expects 2015 production growth of 12% compared to 2014, increase from previous guidance of 11% Pioneer Natural Resources says it produced more oil than forecast earlier and the company is raising $1.4 billion, partly to continue developing West Texas fields. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said
Pioneer Natural Resources produces more oil in 2015 than forecast Read More »
43% of Islamic State revenue from oil, but Turkish anti-smuggling efforts cutting into illegal sales LONDON, UK – Most of the Islamic State’s funding comes from taxation on economic activity and basic services in areas under its control, according to new analysis released by IHS Inc. Analysis of open source intelligence, including social media, conducted
Islamic State monthly revenue totals $80 million – IHS Read More »
Diesel gensets fastest growing source of distributed power BOULDER, Colo.-A recent report from Navigant Research examines the global market for diesel generator sets (gensets) in residential, commercial, industrial, and power plant applications, including global market forecasts for capacity and revenue, through 2024. Today, reciprocating engine-based diesel gensets are among the fastest-selling, least expensive distributed generation
$538 billion global revenue from diesel gensets 2015 to 2024 – study Read More »
