Former President Clinton backs Libya no-fly zone

Former President Bill Clinton said the United States should enforce a no-fly zone over Libya to allow a fair fight between insurgents and troops loyal to Libyan leader Muammar Gaddafi. The international community has been debating whether to impose a no-fly zone as Gaddafi’s warplanes carry out air strikes unhindered by insurgent anti-aircraft... 

Energy Expert and Former Regulator Issues Statement on Oscar® Nominated Documentary Gasland

John Hanger, immediate past secretary of the Pennsylvania Department of Environmental Protection, former member of the Pennsylvania Public Utility Commission, and nationally-recognized expert on energy, the economy, and the environment, issued a statement today on his blog about the documentary “Gasland,” nominated for an Academy Award to be awarded... 

Frontier Oil Corporation Shareholder Investigation by Briscoe Law Firm Concerning Acquisition By Holly Corporation

The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Frontier Oil Corporation (“Frontier Oil” or “FTO”) (NYSE:FTO... 

Energees Investments and Regal Petroleum Announce Increased Recommended Partial Cash Offer

Not for Release, Publication or Distribution in, Into or From Any Jurisdiction Where to do so Would Constitute a Violation of the Relevant Laws of Such Jurisdiction – Following the announcement on 10 December 2010 of a recommended cash offer for Regal, Energees Investments (the principal holding company of the Smart Holding Group)... 

Alpha Natural Resources and Massey Energy Agree to $8.5 Billion Combination

Alpha Natural Resources, Inc. and Massey Energy Company announced today that they signed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock, subject to customary closing conditions including stockholder approval of both companies. Under the terms of the agreement, Massey stockholders will receive, at... 

Philadelphia University and MAG Establish New Composites Institute to Develop Textile-Based Composites for Industrial Applications

Philadelphia University and MAG are establishing the Philadelphia University MAG Composites Institute for research and development of new textile-based composites that could have wide application in industry, including the aerospace, automotive and energy sectors. The new research institute will be funded in part by $1.1 million from MAG, whose chairman... 

BP and Russia’s Rosneft in share swap, Arctic pact

BP Plc and Russia’s state-controlled Rosneft (ROSN.MM) agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies. BP (BP – News), recovering from its Gulf of Mexico oil spill disaster, will swap 5... 

Spill panel calls for offshore drilling reform

Blaming the massive BP oil spill on government and industry complacency, a White House panel on Tuesday called for a dramatic overhaul of the way the U.S. regulates offshore drilling. The White House oil spill commission, in its final report of the BP drilling disaster, said the U.S. government needs to expand its drilling regulations, as well as set... 

Flint Hills Resources to Acquire Two Iowa Ethanol Plants

Flint Hills Resources announced plans today to acquire ethanol plants in Iowa Falls and Fairbank, Iowa. Flint Hills Resources signed an agreement yesterday to purchase the plants from Hawkeye Renewables. The deal is expected to close early in the first quarter of 2011. The purchase price will not be disclosed. “We’re very pleased to add the Fairbank... 

Varel International Announces the Acquisition of the Patented “Rotary Percussion System” from Renegade Tools LLC

Varel International, a leading manufacturer of drill bits and global supplier to the drilling industry, announces it has completed the acquisition of the Rotary Percussion System (RPS) product line and assets of Renegade Tools LLC. The line of high frequency, low impact percussion hammer tools complements the already robust suite of tools Varel supplies...