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,...
Longhorn Experiences Marked Increase in Shipments of Product to Southwestern Markets
Longhorn Pipeline Inc., a wholly-owned subsidiary of Flying J Inc., reported that there has been a marked increase in recent shipment activity since Flying J secured a revolving DIP facility with Merrill Lynch on February 27. As part of this arrangement, Longhorn has been granted extended use of line fill inventory and cash collateral that was financed...
Aspen Aerogels Delivers Aerogel Insulation to Technip for Subsea Natural Gas Pipeline in Brazil
Aspen Aerogels has completed delivery of Spaceloft advanced thermal insulation to Technip for a 21-kilometer subsea natural gas pipeline off the coast of Brazil. Technip is building the rigid pipeline for the Brazilian state-run oil company Petrobras. The line will connect the Canapu field (1,700 meters deep) to the Cidade de Vitoria floating production...
Newpark Resources and CCS, Inc. Mutually Agree to Terminate the Sale of Newpark’s U.S. Environmental Services Business
Newpark Resources, Inc. announced that it has mutually agreed with CCS, Inc. to cancel the proposed sale of Newark’s U.S. environmental services business to CCS. As previously announced on October 23, 2008, the Federal Trade Commission (”FTC”) filed suit to block the proposed sale of Newpark’s environmental services business...
Energy Composites Corporation Signs Multiyear Exclusive Raw Material Distribution Agreement for the North and South American Wind Energy Markets
Energy Composites Corporation announced that it has signed a final, multiyear agreement with Swancor Industries Co, Ltd. of Nantou City, Taiwan that provides ECC with the exclusive right to distribute an advanced line of epoxy resin systems to manufacturers of wind energy system components in North and South America. The agreement also provides ECC...
Chesapeake Energy Corporation Announces Marcellus Shale Joint Venture and International Unconventional Natural Gas Exploration Alliance with StatoilHydro
Chesapeake Energy Corporation announced the execution of an agreement for a joint venture with StatoilHydro whereby StatoilHydro will acquire a 32.5% interest in Chesapeake’s Marcellus Shale assets in Appalachia for $3.375 billion, leaving Chesapeake with a 67.5% working interest. The assets include approximately 1.8 million net acres of leasehold,...
Houston Technology Center Hosts Inaugural Gulf Coast Innovation Conference
The Houston Technology Center (HTC), a business accelerator that assists Houston-based emerging technology companies, is hosting its Gulf Coast Innovation Conference, which will feature presentations from emerging technology companies in the energy, life sciences, nanotechnology, information technology and aerospace technology industries. The conference...
Williams Exploring Changes in Company Structure to Enhance Shareholder Value
Williams announced that its management and board of directors are evaluating a variety of structural changes in the company to enhance shareholder value. The company expects to announce a specific direction in the first quarter next year. Among the potential changes is the separation of one or more of the company’s principal business units. Williams’...
Air Products Signs Long-Term Hydrogen Supply Agreement with ExxonMobil’s Baytown Refinery
Air Products, the leading global hydrogen provider, today announced the signing of a long-term hydrogen supply agreement with ExxonMobil Refining and Supply Company. Air Products is to supply ExxonMobil’s Baytown, Texas refinery with additional hydrogen product from its extensive West Gulf Coast hydrogen pipeline network beginning in April 2010. “Air...
Air Products to Supply Hydrogen to ExxonMobil in Louisiana
Air Products, the leading global hydrogen provider, today announced a long-term supply contract and plans to construct a new world scale hydrogen production facility, which will be connected to Air Products’ extensive Louisiana Hydrogen Pipeline Network, to serve ExxonMobil’s Baton Rouge, Louisiana refinery and additional customers in the...
Recent Energy News
Cetrel and Novozymes to Make Biogas and Electricity from Bagasse
Cetrel, the largest provider of environmental solutions for the manufacturing industry in Latin...
Innergex increases its net installed capacity by 53 % as Ashlu Creek starts commercial operation
Innergex Renewable Energy Inc. announces that the Ashlu Creek run-of-river hydroelectric power...
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