U.S. Department of Energy Awards Momentive $4.5 Million Grant
Momentive Performance Materials will receive $4.5 million in funding from the U.S. Department of Energy (DOE) to continue the development of breakthrough technology for the low cost production of light emitting diodes (LEDs) used in solid state lighting (SSL) and for increased LED light source performance. LED lights can consume 75 percent less energy and have a longer lifetime than common lighting...
Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources
Quicksilver Resources Inc. announced today that it has formed a strategic alliance with major integrated energy company Eni for acquisition, development and exploitation of unconventional natural gas resources in an area covering approximately 270,000 acres surrounding Quicksilver’s Alliance properties in the Fort Worth Basin. The parties have executed a definitive purchase agreement whereby...
Universal Energy Corp. Launches Aggressive 2009 Acquisition Plan
Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today the launch of its acquisition plan for 2009. “The decline in commodity prices over the past few months has brought about opportunities like I’ve never seen before,” commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, “We fully intend...
Teekay LNG Partners Announces Pricing of Follow-On Offering
Teekay LNG Partners L.P. announced that it has priced its follow-on public offering of 4,000,000 common units, which represent limited partner interests, at $17.60 per unit. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 600,000 units to cover over-allotments, if any. The Partnership expects to use the proceeds of the offering to repay amounts outstanding on...
Longhorn Experiences Marked Increase in Shipments of Product to Southwestern Markets
Longhorn Pipeline Inc., a wholly-owned subsidiary of Flying J Inc., reported that there has been a marked increase in recent shipment activity since Flying J secured a revolving DIP facility with Merrill Lynch on February 27. As part of this arrangement, Longhorn has been granted extended use of line fill inventory and cash collateral that was financed by Merrill Lynch prior to Longhorn’s chapter...
Aspen Aerogels Delivers Aerogel Insulation to Technip for Subsea Natural Gas Pipeline in Brazil
Aspen Aerogels has completed delivery of Spaceloft advanced thermal insulation to Technip for a 21-kilometer subsea natural gas pipeline off the coast of Brazil. Technip is building the rigid pipeline for the Brazilian state-run oil company Petrobras. The line will connect the Canapu field (1,700 meters deep) to the Cidade de Vitoria floating production facility (1,400 meters deep). Technip already...
Northern Offshore Announces New Contract Award for Jackup Energy Enhancer
Northern Offshore, Ltd. announced that its subsidiary, Northern Offshore U.K. Ltd., was awarded a contract with Ithaca Energy (UK) Limited (”Ithaca”), a subsidiary of the Canadian independent oil and gas company Ithaca Energy Inc., for the jackup Energy Enhancer. The one well tie back and completion program in the Jacky Field, Inner Moray Firth, is expected to begin mid-March 2009 and...
BPZ Energy Closes $44 Million Private Placement of Common Stock
BPZ Resources, Inc. announced that it closed the previously announced private placement of common stock for gross proceeds of approximately $43.6 million. The Company sold approximately 14.3 million shares to institutional and accredited investors at a price of $3.05 per share pursuant to a Stock Purchase Agreement dated as of February 19, 2009. Additionally, the International Finance Corporation (IFC)...
Richards Oil & Gas Limited Provides Thorsby Area Operational Update
Richards Oil & Gas Limited is providing an update on its production levels and activities at the Company’s Thorsby property. As previously reported, production at Thorsby from the wellbores completed in the Edmonton Sands began on December 15, 2008. After being on production for several days, two of the wells (2.0 net) experienced production declines as a result of formation water entering...
GE Oil & Gas Helps National Grid Complete Inspection of NYC Gas Pipeline
GE Oil & Gas’ PII Pipeline Solutions group has helped National Grid USA complete a challenging inspection of a decades-old natural gas pipeline running under the busy streets of New York City, showcasing the heightened efforts of operators to evaluate the condition of pipelines located in high-population areas around the country. National Grid hired GE to inspect a two-mile, 24-inch “Backbone”...
Recent Energy News
Cetrel and Novozymes to Make Biogas and Electricity from Bagasse
Cetrel, the largest provider of environmental solutions for the manufacturing industry in Latin...
Innergex increases its net installed capacity by 53 % as Ashlu Creek starts commercial operation
Innergex Renewable Energy Inc. announces that the Ashlu Creek run-of-river hydroelectric power...
Featured Video
Subscribe
Subscribe to Tambang.Org
Sign up to receive daily email updates of Tambang.Org headlines. Enter your email address below: