Overseas

With a push from venture capitalists and expanding markets overseas, the broad renewable energy market should go from the current $12.9 billion to $92 billion in the next 10 years, according to an annual trends report released Tuesday by a San Francisco-based research and consulting firm that specializes in the so-called “clean energy” technology field.

While it’s no secret the majors are looking overseas for high returns, a new study by John S. Herold shows a much larger capital spending exodus from the United States than previously thought.

While it’s no secret the majors are looking overseas for high returns, a new study by John S. Herold shows a much larger capital spending exodus from the United States than previously thought.

While continuing to be a rare island of financial strength and stability in turbulent energy times, San Diego-based Sempra Energy, faces some large financings and increased risks because of the “California effect” on power market deals, difficulties in energy trading and problems with some South American distribution utility ventures, according to a report issued Tuesday by CreditSights, a London-based independent financial analysis firm.

While continuing to be a rare island of financial strength and stability in turbulent energy times, San Diego-based Sempra Energy, faces some large financings and increased risks because of the “California effect” on power market deals, difficulties in energy trading and problems with some South American distribution utility ventures, according to a report issued Tuesday by CreditSights, a London-based independent financial analysis firm.

With expansion overseas ending in retreat and the continuing liquidity and regulatory problems plaguing natural gas and power utilities, U.S. executives remain perplexed over the market’s direction, according to a new study by PricewaterhouseCoopers (PWC).

With expansion overseas ending in retreat and the continuing liquidity and regulatory problems plaguing natural gas and power utilities, U.S. executives remain perplexed over the market’s direction, according to a new study by PricewaterhouseCoopers (PWC).

Lower gas and oil production in North America offset gains made overseas by Unocal in the third quarter. The company reported that earnings (excluding special items) from continuing operations fell slightly during the third quarter to $126 million, or 52 cents/diluted share, compared with the Thompson/First Call consensus of 54 cents/share and 3Q2001 earnings of $127 million, or 52 cents/share.

Lower gas and oil production in North America offset gains made overseas by Unocal in the third quarter. The company reported that earnings (excluding special items) from continuing operations fell slightly during the third quarter to $126 million, or 52 cents/diluted share, compared with the Thompson/First Call consensus of 54 cents/share and 3Q2001 earnings of $127 million, or 52 cents/share.