OPEC ready to act but not due to speculators: report

OPEC is ready to act to address supply shortages in the oil market but not to counter price moves caused by speculation, Secretary General Abdullah al-Badri told an Austrian newspaper. The group is monitoring the situation closely, and “OPEC will intervene to stabilize the market if the market is imbalanced. OPEC will not intervene because of... 

Capstone Ships Its First C1000 Megawatt Scale Product

Capstone Turbine Corporation, the world’s leading clean technology manufacturer of microturbine energy systems, today announced it has shipped its first C1000 megawatt scale product. The system will be installed at ANTEX, located in Spain. ANTEX is an independent Spanish textile group whose activity centers on the broad world of synthetic yarns. It... 

Modine to Scale Back Vehicular HVAC Business through Intended Divestment of Modine Korea

Modine Manufacturing Company, a diversified global leader in thermal management technology and solutions, today announced strategic plans to scale back its focus on the global vehicular HVAC market through the intended divestiture of its Korean-based vehicular HVAC business. The Company’s Korea subsidiary includes standalone vehicular HVAC research... 

Regional Government of Lower Austria Acquires High-Resolution Map Data from Intermap Technologies

Intermap Technologies, a leading worldwide 3D digital mapping company, today announced that highly accurate elevation models, derived from their fully collected NEXTMap® Europe program, were licensed by the survey section of GEOinfo, the organization responsible for the acquisition, generation, and dissemination of geodata in Lower Austria. Intermap’s... 

Geothermal Energy Improves U.S. Oil Recovery

Ormat Technologies, Inc. announces the successful co-production of geothermal power at a producing oil well. This project marks the first of its kind by providing onsite fuel free power that will increase the productivity and possibly extend the longevity of existing U.S. oil fields. Ormat, in a joint project with the Department of Energy (DOE) at the... 

Slovak Supreme Court Reaffirms Previous Judgment Returning Gemerska Poloma Talc Deposit to EuroGas’s Rozmin

EuroGas, Inc. announced that the Supreme Court of the Slovak Republic, which had previously reinstated Rozmin’s talc mining concession at Gemerska Poloma in the Slovak Republic, recently ordered an immediate halt to an appeal made by the Slovak Mining Authority at Spisska Nova Vesa,(the appellant) a unit of the Ministry of Economy of the Slovak... 

Safe, Reliable, and Cost-Efficient Compressed Natural Gas Refueling Systems Use Revolutionary Ionic Liquid Pistons

Flowserve Corp., a leading global provider of flow control products and services for the global infrastructure markets, today announced it has entered into a joint venture agreement with The Linde Group, a world-leading gases and engineering company, to commercialize and deploy iKompressorTM natural gas and biogas refueling systems. Called Flowserve...