TNK-BP partners reject BP’s Rosneft olive branch

BP’s partners in Russian joint venture TNK-BP have rejected a peace proposal by the British oil major to involve them in talks on joining a disputed BP alliance with Russia’s Rosneft. The TNK-BP board met in Paris on Saturday to consider a new proposal from BP’s representatives concerning a partnership with Rosneft, Russia’s... 

Peabody Energy Announces New Business Development and Law Appointments

Peabody Energy announced today two new leadership appointments: Murray Hundleby has been named Vice President and Chief Legal Officer – Australia, and Rebecca L. Kujawa has been promoted to Vice President – Business Development. In this new position, Hundleby will lead the law department supporting Peabody’s Australian business platform from... 

Energees Investments and Regal Petroleum Announce Increased Recommended Partial Cash Offer

Not for Release, Publication or Distribution in, Into or From Any Jurisdiction Where to do so Would Constitute a Violation of the Relevant Laws of Such Jurisdiction – Following the announcement on 10 December 2010 of a recommended cash offer for Regal, Energees Investments (the principal holding company of the Smart Holding Group)... 

Propel Technology: Three new products and the promise of ‘fuel-neutral’, practical advice to Ecobuild visitors

Viessmann, one of Europe’s leading brands in heating technology, is urging designers and constructors to visit its stand (N2030) at Ecobuild (March 1-3, 2011; ExCel; London) for unbiased advice on the specification of sustainable and energy efficient heating technologies. The company, renowned for its comprehensive range of quality products for... 

Honeywell and Haier Sign Memorandum of Understanding for Global Strategic Cooperation

Honeywell and Haier Group today announced the signing of a memorandum of understanding (MOU) for global strategic cooperation to collaborate on the development and promotion of low-emission, high energy-efficiency products and solutions. The MOU was signed during the U.S.- China Trade and Economic Cooperation Forum, contributing to the bilateral economic... 

Iran joins Venezuela, Libya to say no harm in $100 oil

OPEC’s leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel. Iranian Oil Minister Massoud Mirkazemi said some members of the Organization of the Petroleum Exporting Countries saw no need for producers to act even if... 

Young Future Energy Leaders Poised to Make a Contribution to the solution of clean energy and sustainability at WFES 2011

The Young Future Energy Leaders (YFEL), a program of the Masdar Institute, committed to raising awareness and engaging students and young professionals in the renewable energy and sustainability fields, announces its program and sponsors for 2011. Growing support from the private sector, including local companies such as Emirates Nuclear Energy Company... 

Enhanced Oil Resources Inc. Announces New US $25 Million Bank Credit Facility with Regions Bank.

Enhanced Oil Resources Inc. today announced that two of its wholly-owned U.S. subsidiaries have executed a reducing revolving Credit Facility with Regions Bank, Houston, Texas providing for up to US $25,000,000 in development financing for its oil and gas properties located in New Mexico. The new Credit Facility provides an initial borrowing base of... 

Wind To Power System Announces Service Agreement with Global Energy Services

Wind To Power Systems Inc. (W2PS), a leading provider of systems that integrate renewable power into the electric grid, announces an agreement with Global Energy Services (GES) as the authorized factory service provider for W2PS products installed in North America. Global Energy Services is the leading operator in engineering, installation and maintenance... 

Constellation Energy to Sell Downstream Gas Business

Constellation Energy announced it has reached a definitive agreement to sell its Houston-based downstream natural gas unit to Macquarie Group. Terms were not disclosed. The pending divestiture is one of several strategic initiatives the company has undertaken in recent months to reduce risk in its merchant businesses and improve liquidity through the...