Turbulent

Following a turbulent period in the Gulf of Mexico after the Macondo well blowout in April 2010, offshore drilling companies have rebounded and are outperforming the top land service providers, according to IHS Inc.

Following a turbulent three-year period in which offshore drilling companies were hit by the impacts of the financial crisis and the Gulf of Mexico (GOM) drilling moratorium, the sector is showing signs of “recovery and reinvestment,” in large part because of rising day rates and demand for deepwater drilling services, according to IHS Inc.

With two major divestitures nearly completed and a strong liquidity position achieved, the end of an often turbulent transition period for Constellation Energy may be at hand, the company said last week.

With two major divestitures nearly completed and a strong liquidity position achieved, the end of an often turbulent transition period for Constellation Energy may be at hand, the company said.

After a turbulent few months of project proposals and cancellations in states like Indiana and Wyoming, the movement promoting clean coal for power production saw another sign of hope last week as Omaha-based Tenaska Inc. proposed to build the nation’s first new conventional coal-fueled power plant that woul also capture carbon dioxide (CO2) near Sweetwater, TX. The captured CO2 would then be sold for use to enhance oil production in the Permian Basin, resulting in geologic storage.

BP plc Chairman Peter Sutherland acknowledged Thursday that the past couple of years have been “one of the most varied and probably turbulent [periods] in the company’s history, but he said the London-based producer will continue to take risks as it moves forward.

John W. Somerhalder II, who guided El Paso Corp.’s one consistently profitable business in the past four turbulent years — the natural gas pipeline unit — will leave the company effective April 30, the company said Wednesday. No reasons were given for his departure.

John W. Somerhalder II, who guided El Paso Corp.’s natural gas pipeline unit — the one consistently profitable business in the past four turbulent years — will leave the company effective April 30, the company said Wednesday. No reasons were given for his departure. Daily GPI May 14, 2003 March 13, 2003

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.