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Home Depot Shrinks Its Energy Bill (Forbes)
The home improvement retailer makes headway on its plan to cut energy use by 20%.

BP to pay $7 bln for Devon Energy assets (AFP via Yahoo! News)
British oil giant BP said Thursday it would pay US firm Devon Energy 7.0 billion dollars (5.1 billion euros) for assets in Brazil, Azerbaijan and the Gulf of Mexico.

BP to pay £4.7 bln for Devon Energy assets (AFP via Yahoo! News)
Oil giant BP said Thursday it will pay US firm Devon Energy $7 billion (£4.7 billion) for assets in Brazil, Azerbaijan and the Gulf of Mexico.

BP Buying Devon Energy Assets for $7 Billion (New York Times)
BP said Thursday that it would pay Devon Energy $7 billion for assets in Brazil, Azerbaijan and the Gulf of Mexico, and that the two firms would form a joint venture to develop an oil sands project in Alberta, Canada.

European Union to hit renewable energy target (AP via Yahoo! Finance)
The European Union's executive says the region will achieve its target to generate 20 percent of its energy from renewable sources, such as wind power, by 2020.

Xcel Energy reiterates profit outlook (AP via Yahoo! Finance)
Xcel Energy Inc. on Thursday said it still expects per-share earnings between $1.55 and $1.65 in 2010. Analysts polled by Thomson Reuters expect full-year earnings of $1.62 per share.

Piedmont Energy Posts 41% Rise in Earnings on Divestiture (Fox News)
Piedmont Energy (PNY), the Southern energy and natural gas utility, reported a 41% rise in first-quarter profits on a one-time divestiture gain and higher natural gas volumes.

India, Russia to boost defense, energy cooperation (AP via Yahoo! Finance)
India and Russia plan to sign agreements to set up joint ventures in the energy industry and discuss ways to boost cooperation in the nuclear power, space and defense sectors.

Energy Stocks: Energy stocks flat to lower; Devon up on BP deal (Market Watch)
Energy stocks moved lower Thursday as Exxon Mobil laid out its 2010 capital spending plans and BP took aim at oil riches off the coast of Brazil through a $7 billion deal with Devon Energy.

SD House axes wind energy tax revenue sharing plan (AP via Yahoo! Finance)
The South Dakota House defeated a bill to give townships a slice of the wind energy tax that now goes to counties for wind farms located within their borders.


 

 

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