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Rosetta Resources Inc. Reaches Settlement With Calpine Corporation and Provides Reserves and Impairment Update

Rosetta Resources Inc., an independent oil and gas company, today announced it has reached an agreement to settle its pending litigation with Calpine Corporation. The agreement will allow Rosetta to complete the transaction by which it purchased Calpine’s oil and gas business on July 7, 2005. The agreement will also extend the contract by which [...]

Sustainable Power Corp. Moves Forward With Strategic Alliance With Pemco Energy AS

Sustainable Power Corp. announced that in furtherance of its agreements with Pemco Energy AS, a Norwegian company, a team of five principals and scientists from Pemco met with the Company at the Company’s facilities in Baytown on August 27 through August 29 and witnessed and assisted with production of biofuel products through the Company’s reactors. [...]

Swedish EcoEnergy to Begin Construction of Waste-to-Energy Facility in Donetsk

In June 2009, the Swedish company EcoEnergy Scandinavia and the Ukrainian government signed Memorandum of understanding on constructing and operating waste incineration plants in Ukraine. Today, EcoEnergy and the Municipality of Donetsk participated in a ceremony in Donetsk in conjunction with the launch of the construction of the first waste to energy plant in Donetsk. [...]

Algenol Biofuels Announces Opening of U.S. Headquarters

Algenol Biofuels, developers of DIRECT TO ETHANOL(TM), the most advanced third generation biofuels technology, today announced the official opening of the Company’s U.S. headquarters in Naples, Florida. The new headquarters joins established locations in Baltimore, Maryland and Palm Beach county Florida. The office will house the Company’s business development and executive teams.
“The opening of our [...]

Algonquin Power & Utilities Corp. Announces 2010 Fourth Quarter and Year End Financial Results

Algonquin Power & Utilities Corp. today announced financial results for the fourth quarter and year ended December 31, 2010. On October 27, 2009, Algonquin Power Income Fund became a wholly owned subsidiary of Algonquin Power & Utilities Corp. (collectively “APUC”), maintaining the same operations and business activities, but under a new corporate structure. Year-over-year [...]

Friendly Energy Receives Financial Commitment for Production Acquisition

Friendly Energy Exploration announces that it has received revised terms of a 10 million dollar commitment to fund, previously issued to the company by Syndication Capital L.L.C.
The company previously had entered into a letter of Intent with Syndication Capital for the purposes of syndicating interests of the Peach Creek West Prospect, which was not pursued [...]

Milagro Announces James G. Ivey as New President and CEO

The Board of Directors of Milagro Exploration is pleased to announce the appointment of James G. Ivey as its new President and Chief Executive Officer effective January 1, 2011. Mr. Ivey also was named to Milagro’s Board of Directors. Mr. Ivey has served as Milagro’s Executive Vice President & Chief Financial Officer since December [...]

Tidewater Announces Conference Call

Tidewater Inc.announced today that its fiscal 2011 third quarter (ended December 31, 2010) earnings release and conference call have been scheduled for Friday, February 4, 2011. The press release will be issued before the market opens, and the conference call will begin at 10:00 a.m. Central time.
Investors and interested parties may listen to the teleconference [...]

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 [...]

Denbury Agrees to Purchase Texas Field for Potential Tertiary Flood

Denbury Resources Inc. announced today that it has entered into an agreement with a privately owned company to purchase a 91.4% interest in Conroe Field, a significant potential tertiary flood north of Houston, Texas, for $600 million, plus additional potential consideration if oil prices exceed $121 per barrel during the next three years as further [...]