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Varel International Announces the Acquisition of the Patented “Rotary Percussion System” from Renegade Tools LLC

Varel International, a leading manufacturer of drill bits and global supplier to the drilling industry, announces it has completed the acquisition of the Rotary Percussion System (RPS) product line and assets of Renegade Tools LLC. The line of high frequency, low impact percussion hammer tools complements the already robust suite of tools Varel supplies to [...]

Nevada Geothermal Power Completes US$180 Million Project Financing for Blue Mountain Geothermal Power Plant

Nevada Geothermal Power Inc. announced today the close of US$180 million loan facility on for the construction of the Blue Mountain Phase 1 geothermal power plant with funds and accounts managed by TCW Asset Management Company (TCW). The “Faulkner 1″ geothermal plant will have a capacity of 49.5 MW (gross) and electricity generated will be [...]

Wind Energy: First Signs of Slowdown

The global economic turmoil has started having an impact on the wind energy industry in Europe. Some companies are cutting down forecasts and production for 2009 and the market is showing the first signs of slowdown.
“The current economic situation is slowly affecting the wind energy industry,” remarks Frost & Sullivan Research Analyst Gouri Nambudripad. [...]

OMNI Announces Contract Award and Expanded Service Locations

OMNI ENERGY SERVICES CORP. announced that it has been awarded a contract with a leading seismic data acquisition company to perform a major seismic drilling project in the north Louisiana Haynesville Shale area. The contract will generate approximately $5 million in revenue; it is expected to commence during the first quarter of 2009.
The Company also [...]

Advanced Control Systems Chosen to Deliver PRISM SCADA for City of Glendale

Advanced Control Systems, Inc. (ACS), a leading provider of smart grid automation and system solutions to global utilities, announced that it has recently been awarded a contract by the City of Glendale, CA to deliver its PRISM(tm) SCADA system to Glendale Water & Power (GWP), the city’s municipal utility.
The new system will provide Glendale with [...]

Ronn Motor Company Signs Letter of Intent With SCS/Frigette for Manufacturing and Global Distribution of the H2GO(TM) Real-Time Hydrogen Injection System

Ronn Motor Company, Inc. announce that the Company has signed a Letter of Intent with SCS/Frigette, located in Ft. Worth, Texas, for the manufacturing and distribution of its proprietary H2GO(TM) Real-Time Hydrogen Injection System.
Ronn Maxwell, CEO of Ronn Motor Company, said, “SCS/Frigette is recognized as a leader in the automotive industry and their manufacturing and [...]

Pampa Energia Announces the Closing of the Acquisition of CIESAs Debt

Pampa Energia S.A. announces today, in relation to its announcement of January 19, 2011, that, through its subsidiary Pampa Inversiones S.A., it has acquired from AEI 100% of the outstanding bonds issued on April 22, 1997 (the “Bonds”) by Compania de Inversiones de Energia S. A. (“CIESA”), the controlling company of Transportadora de Gas del [...]

Babcock & Wilcox Power Generation Group Names New President

McDermott International, Inc., parent company of The Babcock & Wilcox Company (B&W), announced that Richard L. Killion has been named President and Chief Operating Officer of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG).
McDermott’s Board of Directors announced Killion would succeed Brandon C. Bethards, who was named President and Chief Executive Officer of B&W.
Killion [...]

Progress Energy Receives National Economic Development Award

Site Selection magazine has named Progress Energy one of North America’s Top Utilities for Economic Development for the sixth time in the last seven years.
The magazine’s September 2008 issue selected Progress Energy as one of 10 winning utilities based on its success in helping to generate 7,405 new jobs and more than $766 million in [...]

U.S. Energy Corp. Announces Investment in Geothermal Entity

U.S. Energy Corp. announced that it has invested $3.445 million in Standard Steam Trust LLC, a private geothermal exploration and development company based in Denver, Colorado. Current capitalization of SST (with other partners) is $13.8 million (25% USE), which now includes approximately 60,000 acres of BLM, state and fee leases in seven prospect areas in [...]