Chevron Welcomes Shell to the Wheatstone Project

Chevron Corporation today announced the signing of agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant. George Kirkland, vice chairman, Chevron Corporation, said, “Chevron is pleased to welcome another participant into the Wheatstone Project.... 

Tags: australian subsidiaries, Chevron, Chevron Corporation, gas lng, liquefied natural gas, source of energy

Gallon of gas jumps to $3.76: survey

The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday. The Lundberg Survey said the national average price of self-serve, regular unleaded gas was $3.765 on Friday, up from $3.573... 

Tags: crude oil prices, diesel fuel, gallon of gasoline, gas stations, gas tanks, intraday price, retail market

Hagens Berman LLP Continues to Investigate Hercules Offshore Inc. After SEC Probe Announcement

Hagens Berman LLP, an investor-rights law firm, is continuing to investigate Hercules Offshore to determine if the company violated securities laws. The investigation began after the announcement of a Securities and Exchange Commission (SEC) and Department of Justice investigation of certain of the company’s activities. Hagens Berman partner Reed... 

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Samson Oil & Gas Presents in New York

Samson Oil & Gas Limited is presenting at two investor conferences in New York. Samson’s presentation at the Australian Resource Conference USA is scheduled for 11:30 a.m. Eastern Daylight Time on Thursday, April 7th, (which is Friday, April 8th, 01:30 a.m. in Sydney). The presentation is being webcast and is available at http://live.arcusa-newyork.com.... 

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Fuel Systems Solutions, Inc. Enters Into Agreement to Acquire Alternative Fuel Systems (2004) Inc.

Fuel Systems Solutions, Inc. through its wholly owned subsidiary IMPCO Technologies, Inc. and Alternative Fuel Systems announced that they have entered into a support agreement pursuant to which IMPCO has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of AFS for Cdn.$0.50 in cash per share (the “Offer”).... 

Tags: alternative fuel, beale, board of directors, common shares, engine markets, execution, global player, growth strategy, impco technologies inc, point of view, shareholders, Special Committee, stationary engine, strategic logic, systems solutions inc, technology platform

CAMAC Statement on Events in the Congo

The management of CAMAC is gratified to learn that all remaining passengers, flight crew and its corporate aircraft have been released by officials in the Democratic Republic of Congo. The release was not based on an admission of guilt by anyone associated with this incident and the Congolese government filed no charges of wrongdoing. CAMAC had no... 

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Update: General Maritime Corporation Announces Proposed Public Offering of Common Stock

General Maritime Corporation today announced that it has commenced a public offering of primary shares of its common stock, par value $0.01 per share (the “Common Stock”). The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the... 

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Samson Oil & Gas Advises on Close of Sale of Gas Assets and Earl #1-13H Well

Samson Oil & Gas Limited advises that it has closed its previously announced sale of gas assets in the Jonah and Lookout Wash Fields in Green River Basin, Wyoming for $6.3 million to a group of private buyers, with an effective date of January 1, 2011. Samson’s cash balance following this transaction stands at US$73.3 million. Samson has also... 

Tags: american depository shares, australian securities, basin wyoming, cash balance, current exchange, current market, gas assets, green river, green river basin, horizontal section, jonah, lookout wash, market capitalization, new york stock, New York Stock Exchange, nyse amex, ordinary shares

Jobs, the lagging indicator once more?

The U.S. labor market is finally improving, just when many of the other economic indicators are wavering. Jobs are considered a lagging indicator. They typically recover many months after the economy comes out of a recession, and this cycle was no exception. So will troubles in Japan, Libya and elsewhere push up U.S. unemployment later this year? “The... 

Tags: arab world, chief economist, Deutsche Bank, double shock, economic indicators, employment report, fine tune, global insight, institute for supply management, ism manufacturing, lagging indicator, management readings, moving average, oil prices, Reuters, unemployment rate, upheaval, weekly jobless claims

U.S. gasoline prices rise to $3.57/gallon: survey

Gasoline prices in the United States rose 6.65 cents per gallon over a two-week period, carried by the rise in crude oil prices stemming from the turmoil in Libya, an industry analyst said. The national average for a gallon of self-serve, regular gasoline was $3.57 on March 18, according to the Lundberg Survey of about 2,500 gas stations. The 6.65-cent... 

Tags: countries in the middle east, crude oil prices, earthquake, economic devastation, gas stations, gasoline prices in the united states, gasoline prices rise, industry analyst, lundberg survey, military intervention, nuclear crisis, oil producing countries, trilby lundberg, turmoil