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Random News from Tambang.Org

Nitro Petroleum, Inc.-Acquires New Project: Nancy Hubbard, Walker, Krouch 1 & 2-Oklahoma

Nitro Petroleum, Inc. reports today that the Company has acquired an interest in the Nancy Hubbard, Walker and Krouch 1 & 2 leases. These leases are located in Pottawatomie County, Oklahoma and are in production. Nitro Petroleum, Inc. is the Operator of this entire project. The plan of action is to immediately Frac the Hunton [...]

Honeywell’s UOP and China National Petroleum Corp. to Collaborate on Biofuels Projects in China

UOP LLC, a Honeywell company, announced that it signed a memorandum of understanding with China National Petroleum Corp. (CNPC) under which the two companies will collaborate on a range of biofuels technologies and projects in China.
Under the terms of the agreement, announced at the 20th meeting of the China-U.S. Joint Commission on Commerce and Trade [...]

Essex Creditor Pursues Repayment of Loan

ESSEX OIL LTD. announced on November 8, 2010 that it had received a demand for repayment of a loan of $125,000 plus accrued interest of $32,272 and a Notice of Intention to Enforce Security pursuant to the Bankruptcy and Insolvency Act (Canada) from Randsburg International Gold Corp. (“Randsburg”). Since that time, Essex has been involved [...]

Shelter Bay Energy Inc. acquires shares of Painted Pony Petroleum Ltd.

Shelter Bay Energy Inc. is pleased to announce that it acquired ownership on August 5, 2008 of 4,110,000 Class A shares of Painted Pony Petroleum Ltd., constituting 14.6% of the issued and outstanding Class A shares of Painted Pony. Further to Crescent Point Energy Trust’s press release dated April 11, 2008 announcing the acquisition [...]

Existing Investors Lead Recapitalization of Imperium Renewables

Imperium Renewables announced a recapitalization comprised exclusively of existing investors of the Company. The majority of the proceeds were used to satisfy its secured project lender, Société Générale, lien holders and unsecured creditors. Imperium will continue to focus on biodiesel production at its 100 million gallon per year nameplate facility in Grays Harbor County, Washington.
“This [...]

Gulf Ethanol Dispels Doubts

Gulf Ethanol Corporation surprised its critics today by offering a free sample of the microscopic cellulosic feedstock powder produced by its processing unit. Short sellers have engaged in criticism of GFET and its technology, questioning the reality of Gulf’s ability to produce a fine cellulosic powder that enhances the productivity and viability of cellulosic ethanol [...]

Total E&P Canada Acquires 94% of Synenco Energy

Synenco Energy Inc. (Synenco) announced that Total E&P Canada Ltd. (Total Canada), a wholly-owned subsidiary of Total S.A., has taken up approximately 94% of the issued and outstanding common class “A” voting shares (the Common Shares) of Synenco pursuant to Total Canada’s offer and take-over bid circular dated May 13, 2008, as amended.
Approximately 49.6 million [...]

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 [...]

Fixture Frenzy: Fixture Makers Picking GE’s Vio(TM) High-Power White LED

Fewer than 12 months after the introduction of GE’s exclusive Vio™ High-Power White LED, five lighting fixture manufacturers are marketing and selling commercial and residential fixtures that incorporate the violet-based, chip-on-board LED package from Lumination, LLC, GE Consumer & Industrial’s LED business.
“These fixture OEMs are to be commended,” says David Elien, Lumination’s president & CEO. [...]

Reliant Energy Closes on Previously Announced Sale of Northeastern Marketing Assets to Hess Corporation

Reliant Energy has completed the previously announced sale of the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation.
Reliant Energy, Inc. based in Houston, provides electricity and energy services to retail and wholesale customers in the United States. The company provides service to approximately [...]