John Wood Group PLC (‘Wood Group’, the ‘Group’) Announces Disposal of Well Support Division for $2.8 Billion

Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than $1.7 billion to shareholders... 

Hydrogen milestone could help lower fossil fuel refining costs

Hydrogen researchers at the U.S. Department of Energy’s Idaho National Laboratory have reached another milestone on the road to reducing carbon emissions and protecting the nation against the effects of peaking world oil production. Stephen Herring, laboratory fellow and technical director of the INL High Temperature Electrolysis team, today announced... 

BrassCraft Patent Brings New Era of Safety to Natural Gas Use

BrassCraft’s patented Safety+PLUS® Excess Flow Valve promises to usher in a new standard of safety for natural gas. With more than 65 million homes in the United States alone utilizing natural gas for their water heaters, furnaces, boilers, heaters and other applications, the patented Safety+PLUS Excess Flow Valve from BrassCraft will be a welcome... 

Duracell Introduces New Emergency Power Products to Help Bring Consumers Peace of Mind at Home or on the Road

When an emergency strikes, nothing is more welcoming than a calm voice and a reliable power supply. Duracell® is providing a bit of both with the introduction of Duracell® Powerpack 450 with Voice. It’s a solution that consumers need, according to a recent survey that shows the majority of Americans are not equipped for power emergencies either... 

Commerce Energy Sells Texas Retail Electric Business for $14.8 Million

Commerce Energy Group, Inc. said that its principal operating subsidiary, Commerce Energy, Inc., sold all of its retail electric service contracts in Texas to Ambit Energy, LP (Ambit), for an estimated $14.8 million. The purchase price includes $8.5 million in cash received on closing, a second payment of $2.7 million, reduced by customer deposits and... 

Morphic Technologies: Morphic to Deliver Fuel Cells to Infrastructure Project in London

The Morphic subsidiary Exergy Fuel Cells has been chosen as one of two companies that will be delivering fuel cells to an ongoing infrastructure project in London. The project is aimed at equipping temporary power installations in street environments with fuel cells, thus helping to cut pollution and noise levels. London has a problem with air quality... 

Hybrid Vehicles And The Cost Of Going Green

Hybrid vehicles reduce America’s dependence on foreign oil and minimize emissions from greenhouse gases. But it’s still a question whether they save money in the long run. The answer: maybe. Some models achieving well over 40 miles per gallon cost thousands more than equivalent gas models, which get 30 miles per gallon. Even with gas prices... 

Hydrogen Powered Turbine Test Proves Successful

Turbine Truck Engines, Inc., a leader in developing environmentally friendly turbine engine technology, is very pleased to report that the company has successfully operated its full scale, fifth generation prototype engine utilizing compressed hydrogen as the fuel source. The company also reported that the test produced zero emissions and required absolutely... 

NorthWestern Energy Submits Key Filings for Mill Creek Generating Station

NorthWestern Energy announced two significant filings regarding the proposed Mill Creek Generating Station. On Friday, the company submitted its application for an air quality permit with the State of Montana and late Monday filed its request for advanced approval with the Montana Public Service Commission. “This is a great day for the people... 

America Has the Ability, Talent to Meet Climate Challenge

Below are excerpts from a speech Duke Energy Chairman, President and CEO Jim Rogers gave Aug. 21 to the World Affairs Council of Charlotte. I believe it’s time for us to move toward solutions that bridge the gap from today’s technology ideas to tomorrow’s commercial solutions. During this transition, we need to use all of the fuels...