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Random News from Tambang.Org

TNK-BP partners reject BP’s Rosneft olive branch

BP’s partners in Russian joint venture TNK-BP have rejected a peace proposal by the British oil major to involve them in talks on joining a disputed BP alliance with Russia’s Rosneft.
The TNK-BP board met in Paris on Saturday to consider a new proposal from BP’s representatives concerning a partnership with Rosneft, Russia’s top crude producer.
“A [...]

Gulf Ethanol Announces Third – Generation Technology

Gulf Ethanol Corporation announced the implementation of its third-generation feedstock pre-processing unit. “With each development of the technology, we become more efficient in our processing,” noted Bill Carmichael, Gulf’s President.
Gulf is now expanding its testing protocols beyond sorghum and corn to sawdust, switchgrass and grass clippings. The company feels each of these feedstocks has potential [...]

Exelon Details the Value Creation Opportunities in an Exelon-NRG Combination

Exelon Corporation today filed with the Securities and Exchange Commission and posted to its Web site a presentation for investors with additional details on the value that would be created by its offer to acquire all of the outstanding common stock of NRG Energy, Inc. in an all-stock transaction.
“The combination creates clear and compelling value [...]

Spectra Energy Announces Senior Executive Team

Spectra Energy Corp announced the senior executive team who will lead the corporation following current president and chief executive officer (CEO) Fred Fowler’s retirement at the end of 2008. The company previously announced that in January 2009, Greg Ebel, currently chief financial officer (CFO) Spectra Energy, will succeed Fowler as president and CEO of the [...]

HydroGenetics Completes Acquisition of Buffalo Biodiesel

Emerging green energy holding company HydroGenetics, Inc. announced that it had completed the acquisition of Buffalo Biodiesel, Inc. Headquartered in Northern New York, Buffalo Biodiesel is a leading producer, collector and renderer of yellow grease and its ultimate fuel property, biodiesel. Under the terms of the contract, Buffalo Biodiesel becomes a wholly owned subsidiary of [...]

Strategy Analytics Sees Emerging Consumer Energy Market Opportunities

In a recent six country study of consumers and their evolving energy strategies, French consumers showed the greatest interest in reducing their carbon footprint and improving the energy efficiency of their homes and cars. Covering the UK, France, Germany, Italy, Spain, and the US, this Strategy Analytics report, “Benchmarking Consumer Energy Profiles – Strategic Implications,” [...]

Energtek’s Successfully Operating Vehicles Highlight CNG-NGV Philippines Forum

Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, today announced that its sample of converted two-stroke and four-stroke three-wheelers (“tricycles”) have been successfully operating on natural gas for more than a month in the Philippines.
Energtek CEO Lev Zaidenberg made the announcement at the Compressed Natural Gas (CNG) – Natural [...]

Arete Industries, Inc. Announces Acquisition of Oil & Gas Property

Arete Industries, Inc. announces that the Company received a letter of intent to purchase oil and gas properties in Wyoming, Colorado, Kansas, and Montana from Denver based oil & gas and operating companies for $21,000,000 in cash.
The wells being offered by the Denver based oil & gas company total 243 wells, including 46 operating wells [...]

Major Michigan Utility Selects GE Hitachi Nuclear Reactor Design in License Application to NRC

Detroit Edison, Michigan’s largest electric utility, today submitted a combined construction and operating license application (COLA) to the U.S. Nuclear Regulatory Commission for a potential new reactor, based on GE Hitachi Nuclear Energy’s ESBWR design, at its existing Fermi 2 Power Plant site. The facility is on the shore of Lake Erie, 35 miles south [...]

Keyera Files Preliminary Short Form Shelf Prospectus

Keyera Facilities Income Fund announced that it has filed a preliminary short form base shelf prospectus with Canadian regulatory authorities in each of the provinces of Canada. The prospectus will allow for the issue of trust units, subscription receipts and senior or subordinated unsecured debt securities, up to an aggregate offering price of $1,000,000,000 Cdn [...]