Whiting Petroleum Corporation Elects James T. Brown President and COO

Whiting Petroleum Corporation today announced that its Board of Directors elected James T. Brown President and Chief Operating Officer of Whiting Petroleum Corporation, effective January 1, 2011. Mr. Brown joined Whiting Petroleum Corporation in May 1993 as a consulting engineer, became Operations Manager in 1999, was elected Vice President of Operations... 

BPZ Energy Closes $44 Million Private Placement of Common Stock

BPZ Resources, Inc. announced that it closed the previously announced private placement of common stock for gross proceeds of approximately $43.6 million. The Company sold approximately 14.3 million shares to institutional and accredited investors at a price of $3.05 per share pursuant to a Stock Purchase Agreement dated as of February 19, 2009. Additionally,... 

Constellation Energy Provides Update on Liquidity and Strategic Initiatives

Constellation Energy provided an update on its previously announced plans to increase available liquidity and reduce risk in its commodities businesses. Constellation Energy announced that the closing of the previously announced credit facility has been extended to no later than Nov. 26 and currently expects to receive total commitments from the banks... 

Reval Wins Treasury & Risk’s 2008 Alexander Hamilton Award for Technology of the Year with its FAS 157 Solution

Reval, a global leader in financial risk management solutions and services, announced today that it was recognized with an Alexander Hamilton Award at the 13th annual Treasury & Risk Magazine awards ceremony this week. Reval was awarded the silver award in the Technology of the Year category for its best in class FAS 157 Solution. This FAS 157... 

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... 

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... 

Double Eagle Petroleum Co. Announces Appointment of Chief Executive Officer and President and the Addition of a New Board Member

Double Eagle Petroleum Co. announced that its Board of Directors has completed the management transition that started in December 2007. The Board has elected Richard Dole as CEO and President. Mr. Dole is also the Chairman of the Board, and has served as a Director of the Company since 2005. He served as Chairman of the Audit Committee from 2005 until... 

Suntech Completes Investment in Nitol Solar

Suntech Power Holdings Co., Ltd., one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, today announced it has completed the final round of its $100 million in aggregate purchase of a minority interest in Nitol Solar, an independent polysilicon producer. In conjunction with the completion of the transaction, Suntech... 

Buckeye Energy Services Selects SolArc to Provide Energy Marketing and Risk Management Solution

Buckeye Energy Services (BES), a rapidly growing refined products marketing organization and a subsidiary of Buckeye Partners, L.P. (NYSE: BPL), has chosen the RightAngle integrated application suite from SolArc, a global provider of commodity supply, trading and risk management software solutions. Buckeye Energy Services has selected SolArc’s RightAngle... 

Northrop Grumman Announces Leadership Appointments Supporting Department of Energy Work

Northrop Grumman Corporation has appointed four vice presidents to key positions with Savannah River Nuclear Solutions, LLC, a joint venture with Fluor and Honeywell Corporations, that recently won the contract to manage and operate the Department of Energy’s Savannah River Site in Aiken, SC. Veasey Wilson has been appointed vice president of...