OriginOil Announces the Completion of Phase 1 Research Project with Department of Energy’s Idaho National Laboratory
OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced the completion of Phase 1 of a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s Idaho National Laboratory (INL). OriginOil...
Ivanhoe Energy’s estimated oil sands resource increased by 81% at Tamarack Project in Alberta
Robert Friedland, Executive Chairman, President and Chief Executive Officer, and Ed Veith, Executive Vice President, Upstream, of Ivanhoe Energy Inc., announced that a recently completed evaluation by independent engineers has estimated that Ivanhoe Energy’s Tamarack Project, in the Athabasca region of Western Canada, contains best-estimate contingent...
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...
Richards Oil & Gas Limited Provides Thorsby Area Operational Update
Richards Oil & Gas Limited is providing an update on its production levels and activities at the Company’s Thorsby property. As previously reported, production at Thorsby from the wellbores completed in the Edmonton Sands began on December 15, 2008. After being on production for several days, two of the wells (2.0 net) experienced production...
Clearview Acquisitions Closes Merger with Helix Wind, Inc.
Clearview Acquisitions, Inc. announced that it has completed its previously-disclosed acquisition of Helix Wind Inc. As previously reported in the January 29, 2009 press release, Helix Wind is engaged in the manufacture and sale of small wind turbines designed to generate 2.5 to 5 KW of clean, renewable electricity. Clearview acquired 100% of Helix...
Offshore wind power to contribute to Europe’s economic recovery
The European Commission recognised offshore wind energy as a key technology in Europe’s attempt to stimulate the Union’s economies. The European Wind Energy Association (EWEA) considers that the €500mn in “smart investment” to specific offshore projects that the EC has earmarked is money well spent. All projects are in an advanced stage of...
Precision Petroleum Corporation to Purchase Up to 50% of the Powder River Basin Project
Precision Petroleum Corporation has consummated an agreement with Nitro Petroleum Incorporated as of January 28, 2009 pursuant to its letter of intent for the exploration of oil and gas properties in the Northeastern Province of the Powder River Basin project. Precision Petroleum Corporation is very encouraged with the execution of this agreement due...
Synergy Resources Corporation Acquires Leases Totaling Over 4,000 Acres
Synergy Resources Corporation, a developmental stage oil and gas exploration and production company, today announced that it has been awarded various leases under a State of Colorado Lease Auction comprising 1,600 acres with the potential of 75+ well sites. The Company has also signed additional leases in Nebraska and Weld County, Colorado comprising...
Sunoco to Close Polypropylene Plant in Bayport, Texas
Sunoco Inc. announced that it will permanently close its polypropylene manufacturing facility located in Bayport, Texas, no later than April 30, 2009. The facility can produce approximately 400 million pounds of polypropylene each year. “The decision to close the facility was made after an extensive review which demonstrated that the plant is no longer...
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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