Unique Safety Milestone Celebrated by Colonial Pipeline
Colonial Pipeline today celebrated 10 million hours of employees working without a lost work-time injury. The safety milestone represents more than seven years of employees working safely. In congratulating employees, Colonial CEO Tim Felt reminded that working safely is a job that starts fresh every day. “We are rightfully proud of this accomplishment, which is significant not only to our employees...
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...
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...
Oilsands Quest announces filing of disclosure documents
Oilsands Quest Inc. announces that it has filed its Form 10-K/A, amended annual report for the fiscal year ended April 30, 2008. In conjunction with the filing of the Form 10-K/A, the Company will be separately refiling, with Canadian securities commissions, its statement of oil and gas information for the year ended April 30, 2008 and the related report of its external qualified resource evaluators...
Ivanhoe Energy’s estimated oil sands resource increased by 81% at Tamarack Project in Alberta
Robert Friedland, Executive Chairman, President and Chief Executive Officer, and Ed Veith, Executive Vice President, Upstream, of Ivanhoe Energy Inc., announced that a recently completed evaluation by independent engineers has estimated that Ivanhoe Energy’s Tamarack Project, in the Athabasca region of Western Canada, contains best-estimate contingent resources of 441 million barrels of bitumen....
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...
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)...
Precision Petroleum Corporation to Purchase Up to 50% of the Powder River Basin Project
Precision Petroleum Corporation has consummated an agreement with Nitro Petroleum Incorporated as of January 28, 2009 pursuant to its letter of intent for the exploration of oil and gas properties in the Northeastern Province of the Powder River Basin project. Precision Petroleum Corporation is very encouraged with the execution of this agreement due to the relative unexplored nature of the properties...
AM Oil Resources & Technology Acquires Build Biodiesel Technology to Create Energy Diversity
AM Oil Resources & Technology Inc., announced that it has just completed design drawings to build a mobile bio-diesel device. The Company’s design is a mobile biodiesel production plant, capable of producing 2,000 to 3,000 gallons of biodiesel per week. The designed plant fits into a standard truck-trailer with dimensions 8 feet wide by 45 feet long by 9.5 feet tall. Biodiesel is the name of...
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...
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