Enventure Achieves Record Setting 1000th Expandable Job

Enventure Global Technology, the pioneer in solid expandable technology, reached a major milestone with its 1,000th SET® expandable job. The installation demonstrates the acceptance and diversity of the technology and Enventure’s place as the leading technology innovator and experienced service provider. Using exclusive SET technology, Enventure... 

Reliant Energy, Merrill Lynch Agree to Extension

On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October... 

Valerus Compression Services Opens Office in Argentina

Valerus Compression Services, a worldwide leader in natural gas handling services specializing in natural gas processing, treating and compression, has opened an office in Buenos Aires, Argentina, to better serve the growing natural gas market in South America. The new office will support Valerus’ growing customer base in the Latin America region... 

Argus Launches Price Assessments for Sakhalin Island Vityaz and Sokol Crudes

Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin island. Argus is the first price reporting service to offer daily assessments of Vityaz, whose output is expected to be around 90,000 b/d this year, rising to an expected plateau of 150,000 b/d from... 

Spectra Energy’s Pine River Phase III Project Comes Into Service

Spectra Energy has successfully completed expansion of its natural gas gathering system in the Grizzly Valley area of northeastern British Columbia (BC). The project represents the third phase of expansion connected to the Pine River Processing Plant, near Chetwynd, BC, and includes 17 kilometers of new pipeline (parallel to existing lines), an additional... 

Biofuels Power Announces Pilot Biomass Power Generation and Carbon Sequestration Project to Help with Hurricane Ike Cleanup

Biofuels Power Corporation announced that it will manage a project to use wood chips and other refuse from Hurricane Ike cleanup activities in the metro Houston area to fuel a pilot scale power generation and carbon sequestration project that will be connected to the ERCOT grid and provide up to 4 MW of low cost green electricity for Houston. The other... 

Reliant Energy, Merrill Lynch Agree to Extension

On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October... 

IntercontinentalExchange, The Clearing Corporation and Nine Major Dealers Announce New Developments in Global CDS Clearing Solution

IntercontinentalExchange, Inc., a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, and The Clearing Corporation (TCC), today announced new agreements intended to advance their previously announced joint global clearing solution for Credit Default Swaps (CDS). Together with nine of the major global investment... 

Echo Satellite Communications, Inc. Inks LOI to Acquire Xeric Oil & Gas

Echo Satellite Communications, Inc. announced that it has entered into a letter of intent to acquire the assets of Houston, Texas-based Xeric Oil & Gas Corp. (“Xeric”). The transaction gives ECSC working interests in more than 200 productive oil, natural gas and water disposal well properties located in Montana, New Mexico and Wyoming. ECSC... 

Sustainable Oils Adds Mike Waring to Montana Camelina Production Team

Sustainable Oils has added a veteran Montana agriculture professional to its team focused on building camelina production and marketing opportunities for farmers. Mike Waring joined the company on October 1 as territory sales manager focused on Montana and North Dakota. Waring will be responsible for contracting camelina production acres and providing...