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... 

Crosstex Completes Sale of Seminole Gas Processing Plant and Another Asset for $105.0 Million; Amends Debt Covenants

Crosstex Energy, L.P. announced that it continues to execute its near-term operating strategy to increase liquidity, reduce leverage and improve profitability. The Partnership has completed the sale of its undivided 12.4 percent interest in the Seminole gas processing plant to plant operator Hess Corporation for $85.0 million. In addition to the Seminole... 

Reliant Energy to Sell Northeastern Electricity Marketing Assets to Hess Corporation

Reliant Energy announced today it has reached an agreement to sell the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation. These subsidiaries provide electricity and related services to more than 300 commercial and industrial customers in Delaware,... 

We Energies Submits Application for Columbia County Wind Project

We Energies filed an application today with the Public Service Commission of Wisconsin (PSCW) for authorization to build the Glacier Hills Wind Park. The proposed wind park would be located in the towns of Randolph and Scott in northeast Columbia County — approximately 45 miles northeast of Madison. Current plans call for the project to consist... 

NEMI and Aviva to merge, creating a growth-oriented international coal and energy business.

NEMI Northern Energy & Mining Inc. and Aviva Corporation announce that they have entered into a merger implementation agreement to combine the businesses of the two companies to create a new growth-oriented international coal and energy group. The combined entity will provide investors with exposure to operating and development stage assets across... 

Hess Launches C-Neutral Energy Program

Hess Corporation announced the launch of its Hess C-Neutral program to commercial, industrial and institutional customers. Hess C-Neutral is a carbon-neutral energy program for natural gas, electricity and fuel oil. Through C-Neutral, Hess engineers calculate the carbon emissions associated with a customer’s energy usage and include enough carbon... 

Overseas Shipholding Group Announces New $500 Million Credit Facility for FSO Project

Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, together with Euronav NV (EURONEXT BRUSSELS: EURN) announced today a $500 million senior secured term loan to finance the acquisition of TI Asia and TI Africa by joint venture companies owned equally by Euronav and OSG and the conversion of... 

ENTESSA Delivers Enhanced Marine Management Capabilities to HOVENSA

Entessa, Inc., a leading provider of Oil and Gas Logistics Management Solutions, delivered a major upgrade to the Marine Modules of its Synthesis(TM) enterprise software suite to Hovensa, a joint venture between Hess Corporation (NYSE: HES) and Petroleos de Venezuela, S.A. (PDVSA). With its enhanced Marine Management capabilities this upgrade further...