Press Releases from Milton Financials (27 total)
Milton Financials: Tidal energy could meet 10% of the U.S.’s total energy dema …
Using the earth’s ocean tides could provide about 10% of America’s electricity needs, through affordable, renewable energy according to industry specialist.
While advocates of renewable energy agree that widespread use of tidal energy may still be some years away they emphasize that tides and other hydrokinetic systems including ocean waves and free flowing rivers could, in the not too distant future, be providing even more electricity than what hydro-electric projects currently…
Milton Financials: Vladimir Putin says Russia and China close to reaching natura …
Negotiations are expected to conclude in mid-2011 after five years.
Russia and China have are close to reaching an agreement on a natural gas supply deal, Milton Financials sources report Russian Prime Minister Vladimir Putin as having said recently.
Speaking after talks with his Chinese counterpart, Putin told reporters that while a final pricing agreement is not expected until next year negotiations between Russia’s Gazprom and China National Petroleum Corporation on the…
Milton Financials: Thailand’s oil major PTTEP buys a $2.2 bln Statoil sands ve …
Foreign oil and gas fields become the focus for Thailand’s largest energy explorer.
Milton Financials has learned that PTT Exploration & Production Plc is set to acquire a 40% stake in Statoil ASA’s oil sands project in Canada for $2.28 billion making it the biggest acquisition by a Thai company.
Statoil is to retain 60% of the Kai Kos Dehseh project, the two firms announced in recent statements, adding that the deal…
Milton Financials: Energy XXI acquires 9 Exxon Mobil oil and gas fields in Gulf …
This latest $1.01 billion deal will see oil and gas exploration company Energy XXI’s reserves boosted and increase its production by over 70 percent.
Milton Financials has been informed that the oil and gas exploration company Energy XXI has agreed to acquire nine of Exxon Mobil’s shallow water oil and gas fields in the Gulf of Mexico. The fields are situated on the Gulf’s continental shelf, an area considerably cheaper and…
Milton Financials: Silver has found its place in the sun with increasing demand …
The global move toward renewable energy will see demand for silver continue to increase boding well for long term investment.
One of the fastest growing industrial applications for silver is in the production of photovoltaic cells for solar panels, driven by the world’s shift toward renewable energy sources, Milton Financials was informed by metal consultants. In recent years, silver demand in the sector has surged and analysts expect millions more ounces…
Milton Financials: China’s rare earth policy has energy designers looking at c …
China’s crack down on rare earth exports has producers of batteries, wind turbines and other products searching for alternative ways to redesign them to use less of the increasingly costly materials.
Prices of rare earth minerals, used in everything from iPods to fluorescent light bulbs, have rocketed in recent months after authorities in Beijing announced a 40% cut in exports earlier in the year, claiming that China needed them for domestic…
Milton Financials: Giant commodity trader Glencore considering listing in early …
Privately held commodities group Glencore may be considering an IPO early next year which could raise as much as $16 billion.
The globe’s largest commodity trader, Glencore, has been aiming to go public for some time after the firm issued a $2.2 billion convertible bond in December 2009.
Glencore, which posted a strong increase in nine-month profit recently, is looking at an IPO which would probably launch shortly after full-year results in…
Milton Financials: Oil industry groups lobbying for more funding to speed up off …
Numerous oil industry groups have urged the U.S Congress to allocate further funding to the federal offshore drilling regulator to hasten permitting and environmental reviews.
A number of oil industry groups have appealed to the U.S. Congress to urgently increase funding to the Interior Department’s Bureau of Ocean Energy Management (BOEMRE) to speed up the permitting and environmental reviews. In the wake of the BP oil spill in the Gulf of…
Milton Financials: Gold demand in 2010 expected to be higher than 2009 says Worl …
Most recent Gold Council data forecasts positive demand growth for gold in 2010.
Milton Financials sources report that the World Gold Council, a non-profit association of the world's leading gold mining companies, established in 1987, has announced that it expects demand for gold in 2010 to surpass that of 2009 on the back of stronger jewelry demand in Asian markets, an increase in industrial demand and robust investment.
According to the recently…
Milton Financials: Solar panel producers to feel the pinch in 2011.
Next year could see solar panel prices crash as supply is increasing while global demand is dropping – analysts.
Globally, solar panel manufacturers face a price crunch next year because they are adding manufacturing capacity at a time when global demand is poised to fall, Milton Financials sources report.
According to some market specialist the supply of photovoltaic panels may climb to almost triple the level of demand in 2011, flooding the…
Milton Financials: Zink set to continue rally into 2011.
Analysts expect zinc to continue its multi-month rally well into next year.
The second half of this year has seen Zinc finally come into its own , showing some gains which analyst predict is the start of a trend set to continue for quite some time.
Taking full advantage of the metals upward movement the Chinese government recently sold off almost all of the 50,000 tonnes put up for auction of state…
Milton Financials: BP sells Southern African fuel retail outlets to Trafigura.
Another step in BP’s asset selling campaign to pay for Gulf of Mexico spill.
BP Plc has announced that it has agreed to sell its Southern African forecourt operations to international commodities trader Trafigura for $296 million, joining a growing number of major oil firms exiting fuel retail.
The London based company told Milton Financials sources that it has agreed to sell its interests in forecourts and supply operations in Namibia, Zambia,…
Milton Financials: Rio Tinto forecasts robust iron ore demand for 2011.
Mining giant Rio Tinto says iron ore demand will continue strongly into next year and says that the new quarterly pricing system for the steelmaking ingredient is working well.
Global mining company Rio Tinto has told Milton Financials sources that the strong iron ore price is likely to continue well into 2011."Demand is going to continue to be strong next year. We'll continue to see a robust growth. That is really…
Milton Financials: French energy firm Areva commits to $3 billion investment int …
Areva to install 1000 Megawatts of solar power capacity over five years.
Milton Financials has learned that Courbevoie, France headquartered energy firm Areva is planning a $3 billion investment into India’s rapidly growing solar energy sector. Areva, which primarily focuses on nuclear energy, intends setting up 1000 MW of solar thermal power capacity over the next five years.
The firm already has an established presence in the Indian biomass sector and has…
Milton Financials: IEA says the global natural gas glut threatens renewables inv …
Leading oil firms are changing their focus toward natural gas production as oil reserves become increasingly inaccessible.
The International Energy Agency has informed Milton Financials that the current gas glut, which is expected to last for around a decade is going to act as a “major barrier” to the development of renewable energy, cleaner burning coal power plants and nuclear energy.
The agency said that the “golden age of gas” would…
Milton Financials: Palladium mining firms post big third-quarter gains.
Palladium mining houses post huge third-quarter gains on the back of strong prices and higher demand.
Milton Financials sources report that palladium mining firms have posted huge profits in the third quarter, driven by the sharp increase in prices.
Stillwater Mining Company revealed a net profit for the third quarter of $5.9 million on revenues of $142.9 million compared to the same period in 2009 with net income of $4.2 million on…
Milton Financials: France set to receive offshore wind farm tenders.
Government official says France is ready to ask for proposals to develop offshore wind farms to increase the country’s renewable energy output.
France’s junior ecology minister Chantal Jouanno has told Milton Financials’ sources that the European nation is ready to consider proposals to develop offshore wind farms and the initial round of requests would be for proposals to provide three gigawatts (GW) of capacity as the country seeks to develop and…
Milton Financials: Tokyo Commodities Exchange will consider merger offers says p …
Tocom’s president says the exchange will consider mergers with other exchanges as Japan aims to consolidate bourses.
Milton Financials has learned that the president of Japan’s biggest raw-material bourse has announced that the Tokyo Commodity Exchange Inc. (Tocom) would be open to merger talks with other exchanges as the Japanese government considers creating a one-stop exchange for financial products.
Tocom, which once ranked as the second-largest commodities exchange after the New York…
Milton Financials: October data shows Russia increased oil output but exports dr …
The globes top oil producer increased production by 2% compared to the same period in 2009.
The world’s leading oil producer Russia’s oil production climbed to 420.161 million tons till October this year, up 2% from last year, Milton Financials was told.
The Russian Energy Ministry recently announced that oil exports for the same period had fallen by 0.4% to 205.244 million tons.
The country’s crude oil shipments rose by 5.55 to 206.348…
Milton Financials: German solar wholesaler Phoenix Solar sees demand for solar m …
Phoenix Solar CEO expects an increase in demand in the final quarter f 201 but does not see booming demand in Germany.
Leading German solar manufacturer Phoenix Solar has told Milton Financials that it expects demand for solar modules to rebound after a dismal third quarter in Germany, the globes largest solar market, but it does not expect a strong rally as the year closes.
"We still expect good business at…
Milton Financials: Human Rights Watch believes Zimbabwe continues selling confli …
Robert Mugabe’s government has yet to honor promises to remove the armed forces from diamond fields.
Human Rights Watch has come out strongly at the Kimberly Process members meeting in Jerusalem, Israel, against Zimbabwe’s apparent disregard for an agreement reached in November 2009, where the Southern African nation agreed to a phased withdrawal of its armed forces from diamond fields and pledged to certify that shipments from the Marange diamond field…
Milton Financials: Lack of direction from the U.S. administration may see it loo …
A number of Asian countries are on the verge of toppling the U.S. in the race to build a renewable energy industry if Washington is unable to provide incentives.
China, India, South Korea, Malaysia and the Philippines are all now in a position to challenge the United States in the race to build a renewable energy industry because Washington is failing to provide sufficient incentives to fund development of alternative energy…
Milton Financials: EXCO’s Chief Exec puts in bid to buy the company for $4.4 b …
EXCO Recourses’ CEO Douglas Miller makes a bid for the company betting on a recovery in natural gas prices.
Milton Financials has learned from reports that the Chief Executive Officer of EXCO Recourses, Douglas Miller has teamed up with a number of investors, including oilman T. Boone Pickens, to bid for the gas-focused exploration firm for around $4.36 billion, believing that natural gas prices will recover in the not too distant…
Milton Financials: OPEC needs Russia’s help to control oil price-Iran.
OPEC output quotas are inefficient without the support of non-OPEC producers.
Milton Financials has learned that Iran’s OPEC governor was recently quoted as saying that the 12-member Organization of Petroleum Producing Countries needs the cooperation of Russia to help improve stability and increase low crude prices.
The comment comes after a number of OPEC nations voiced concerns that the impact of their oil production quotas, aimed at supporting and stabilizing the oil…
Milton Financials: Third quarter the worst since 2007 for U.S. wind energy indus …
Lack of direction and failure to pass a renewable energy mandate by Congress sees investors shy away from the wind energy industry in the last quarter.
The American Wind Energy Association (AWEA) has informed Milton Financials that U.S. developers had added 395 megawatts (MW) of electricity capacity at wind farms during the just-ended last quarter, indicating the slowest quarter in 3 years with year-to-date installations down 72% compared to the same…
Milton Financials: World’s largest iron ore producer Vale SA says India will h …
The globe’s largest iron-ore producer has said that it expects that India will have a bigger role in ensuring a “tight” future market for the steelmaking component as it increases infrastructure spending and becomes further urbanized.
India is expected to contribute in a significant way to the strengthening of the iron-ore market in the medium term according to the firm. “We expect the iron-ore market to stay heated in the near…
Milton Financials: NRG and Brightsource to work together on globes largest solar …
Milton Financials has learned that power firm NRG Energy has announced that it would join with Brightsource Energy to develop and operate the globe’s largest solar thermal project and would invest up to $300 million to become the projects prime investor.
Traditionally Solar projects have been based on photovoltaic technology where sunlight is turned into electricity using semiconductor materials in panels but there has been a recent move toward large-scale…
