Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Tags: deepwater, environmental stewardship, global energy company, growth strategies, Gulf of Mexico, investors service, marvin romanow, oil and gas exploration, oil sands, shale gas, venture partner, western canada

Denbury Resources Inc. Announces Final Results of Cash Tender Offers for Senior Subordinated Notes Due 2013 and 2015

Denbury Resources Inc. today announced the final results of its previously announced cash tender offers for the outstanding 7½% Senior Subordinated Notes due 2013 of the Company and Denbury Onshore, LLC (the “2013 Notes”) and 7½% Senior Subordinated Notes due 2015 of the Company (the “2015 Notes”), which offers expired at 11:59 p.m., New... 

Tags: city time, Denbury Resources Inc., depository trust and clearing, depository trust and clearing corporation, gulf coast regions, independent oil, Mississippi River, natural gas company, natural gas producer, tertiary oil

Texas Allied Petroleum Reworks Laramie Fields

Texas Allied Petroleum, Inc. is pleased to announce that it has successfully reworked its Cooper Cove, Herrick and Little Laramie fields in Wyoming. Daily production from the three fields is approximately 100 barrels of oil per day. A surface discharge system is currently being permitted, which has potential to increase production and decrease operating... 

Tags: assets, austin texas, discharge system, gulf coast area, louisiana state, mid continent, natural gas reserves, operating expenses, petroleum inc, state waters, surface discharge, Texas Gulf Coast, Wyoming

Nicor Declares Dividend

The Board of Directors of Nicor Inc. (NYSE:GAS – News) declared a quarterly common stock dividend of 46.5 cents per share, payable May 1, 2011, to stockholders of record on March 31, 2011. This payment continues the annual rate of $1.86 per share and represents the 229th consecutive quarterly dividend payment by the company. Nicor Inc. (NYSE:GAS... 

Tags: caribbean region, consecutive quarterly dividend, containerized shipping, gas distribution companies, gas news, holding company, natural gas distribution, nicor, Nicor Inc., shipping business, stockholders

Cyclone Power Technologies Successfully Completes R&D Project for Raytheon Company

Cyclone Power Technologies Inc. has successfully completed a third phase of performance tests of its heat-regenerative external combustion engine for Raytheon Integrated Defense Systems (IDS), a business of Raytheon Company. The tests verified by Raytheon demonstrated that Cyclone’s prototype, water-cooled “Stingray” engine achieved thermal efficiencies... 

Tags: battery systems, cyclone, engine technology, external combustion engine, higher energy, moden, performance tests, power density, power sources, propulsion system

Support for Online Service Programs Growing

In today’s fast-paced high-tech world many companies are looking to use technology to make life simpler and more convenient for their customers. If MXenergy’s new online customer service programs are any indication, customers are highly appreciative. MXenergy, one of the nation’s leading independent energy providers, now offers multiple... 

Tags: automatic withdrawal, compliance, consumers, customer service applications, customer service programs, energy providers, financial security, independent energy

EarthSearch Announces Delivery on Purchase Order to AbsoluteIT for Construction Projects in Dubai

East Coast Diversified Corporation through its subsidiary EarthSearch Communications, Inc., announces purchase order and shipment to AbsoluteIT for construction and refinery projects in Dubai to provide access control in remote desert construction sites with limited communication and power source. EarthSearch’s Solar Powered “LogiBoxx”... 

Tags: clean energy, communication gateway, construction projects, desert construction, emerging market, energy supply, enhanced security, mobile technology, persian gulf region, power source

Young Future Energy Leaders Poised to Make a Contribution to the solution of clean energy and sustainability at WFES 2011

The Young Future Energy Leaders (YFEL), a program of the Masdar Institute, committed to raising awareness and engaging students and young professionals in the renewable energy and sustainability fields, announces its program and sponsors for 2011. Growing support from the private sector, including local companies such as Emirates Nuclear Energy Company... 

Tags: crown princess victoria, electricity authority, energy leaders, energy summit, engaging students, international universities, keynote speakers, Massachusetts Institute of Technology, national exhibition centre, national oil company, sweden visit, un framework convention on climate change

Ecotech Institute Opens Its Doors to New, Progressive Facility in Aurora

Ecotech Institute, the first and only college focused entirely on preparing America’s workforce for careers in renewable energy and sustainable design, today announced that students are now taking classes in its brand new facility. Located at 1400 South Abilene Street in Aurora, the school has transformed a vacant, large-footprint building into... 

Tags: design today, electricity energy, energy consumption, energy-efficient lighting, faculty lounges, lighting energy, michael seifert, programmed schedule, resource savings, science labs, small wind turbines, solar technologies, standard lighting, unoccupied rooms, vertical axis wind turbine, water sense

WindTamer Corporation Announces Estimated $1.5 Million State and Local Incentives Package to Support Expansion at Its Rochester, New York Facility

WindTamer Corporation announced today that it has been awarded a package of state and local incentives valued at approximately $1.5 million. The package is in support of WindTamer’s proposed expansion at its Rochester, New York facility. The project includes leasehold improvements, acquisition and installation of machinery and equipment, training... 

Tags: business development department, chairman ceo, city of rochester, credit assistance, department of planning, director robert, empire state development, Energy Storage, leasehold improvements, low interest loan, low interest loans, proposal letter, rochester new york, tax incentives, wind turbines