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,... 

SulphCo Extends Technology Transfer Agreement with Industrial Sonomechanics

SulphCo, Inc. announced that it has exercised its option to extend the term of the license agreement dated November 9, 2007 with Industrial Sonomechanics, LLC (“ISM”) covering ISM’s patented ultrasound horn and reactor technology. The term has been extended to the date on which the ISM patents expire. Under the terms of the License... 

Quorum Signs Two Additional Clients on Pipeline Transaction Management Software

Quorum Business Solutions, Inc. , a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that two natural gas pipeline operators have entered into agreements to implement Quorum Pipeline Transaction Management (QPTM) to manage their pipeline operations. With this, QPTM now manages... 

Meridium Debuts New Asset Health Monitoring Solution

Meridium Inc., the global leader in asset performance management (APM) software and consulting solutions, released its newest solution, Asset Health Indicators, in v3.3.1 of its APM software package. Meridium’s Asset Health Indicator (AHI) solution is an extension to Meridium’s Asset Strategy Management application and provides the ability... 

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,... 

Pritchard Capital Partners Hires Senior Professionals to Expand Sales and Trading Group

Pritchard Capital Partners, an energy investment bank and institutional financial services firm, announced today additional expansions to its institutional sales and trading teams with the addition of Owen Jones and John Joyce. Mr. Jones joins as a senior vice president sales trader based in the Washington, D.C., office and Mr. Joyce joins as a senior... 

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... 

DataFlux Brings Cross-Discipline Connectivity to its Energy Clients

OpenSpirit announces that DataFlux, a leading provider of data quality and data integration solutions, will integrate OpenSpirit technology into its award-winning software to provide increased compatibility with third-party geosciences applications and data stores. End users will be able to extract well data from OpenSpirit-enabled data stores to perform... 

South Africa’s Minister of Minerals and Energy Welcomes Denham Capital Investment in BioTherm Energy to Develop Power Generation Business

Denham Capital, a leading energy-focused global private equity firm, announced today that it will invest equity of up to R1,5 billion (US $150 million, 95 million pounds Sterling) in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects. Commenting on Denham Capital’s investment, Buyelwa... 

ConocoPhillips and CleanFUEL USA Launch Program to Increase Propane Fueling Sites

CleanFUEL USA and ConocoPhillips have signed a three-year agreement to advance propane infrastructure for the U.S. transportation fuel industry. Under the agreement, the two companies will provide resources to install and supply propane fuel pumps for commercial fleet fuel users. Propane fueling stations will be installed not only at fleet owner sites,...