Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Vermilion Energy Inc. Files Annual Information Form and Annual Report

Vermilion Energy Inc. announces the submission of its Annual Information Form (“AIF”) for the year ended December 31, 2010 to the System for Electronic Document Analysis and Retrieval. The AIF contains Vermilion’s Statement of Reserves Data and Other Oil and Gas Information as required under National Instrument 51-101. Vermilion has also filed... 

Universal Lubricants Expands to Meet Growing Demand for Cleaner, Greener Re-Refined Oil

One of the country’s oldest lubricant manufacturing and distribution companies, Wichita’s Universal Lubricants (UL) established in 1929, is poised for double-digit growth for the foreseeable future thanks to a technologically advanced and highly capable re-refinery, and efficiencies gained through its environmentally-friendly closed-loop... 

Vermilion Energy Inc. Announces $0.19 Cash Dividend for February 15, 2011 Payment Date

Vermilion Energy Inc. is pleased to announce a cash dividend of $0.19 per share payable on February 15, 2011 to all shareholders of record on January 31, 2011. The ex-dividend date for this payment is January 27, 2011. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion Energy Inc. is an oil-leveraged producer... 

Russian 2010 oil output hits post-Soviet record

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world’s top oil exporter to ramp up production at its greenfield sites. The growth in crude production surprised many analysts, who had expected 1.1 percent on average, when polled just before the start... 

Support of Algae Biofuels as Viable Source of Green Energy Gains Momentum

In the world of biofuels, 2010 is officially the year of the autotrophic organism as dozens of companies and academic laboratories race to transform algae into a source of viable green energy, according to Algae Biofuels Production Technologies Worldwide by leading industrial market research firm SBI Energy. The endgame of these research efforts —... 

U.S. Department of Energy Awards Momentive $4.5 Million Grant

Momentive Performance Materials will receive $4.5 million in funding from the U.S. Department of Energy (DOE) to continue the development of breakthrough technology for the low cost production of light emitting diodes (LEDs) used in solid state lighting (SSL) and for increased LED light source performance. LED lights can consume 75 percent less energy... 

SunPower Completes 18-Megawatt Olivenza Solar Power Plant in Badajoz, Spain

SunPower, a manufacturer of high-efficiency solar cells, solar panels and solar systems, announced the completion of the 18-megawatt Olivenza solar electric power plant in Badajoz, Spain. SunPower installed its proprietary SunPower® T20 Tracker solar tracking system at the site, covering a total of approximately 70 hectares. The SunPower Tracker follows... 

Renewable Choice Energy Launches First-Of-Its-Kind Product: ‘GREEN YOUR PHONE’

As the environmental impact of conventional energy production and electricity consumption continues to be a growing concern with Americans, Renewable Choice Energy has developed GREEN YOUR PHONE, a first-of its-kind retail product which enables cell phone users to offset their mobile device’s electricity use with wind power. GREEN YOUR PHONE allows... 

Energy Composites Corporation Signs Multiyear Exclusive Raw Material Distribution Agreement for the North and South American Wind Energy Markets

Energy Composites Corporation announced that it has signed a final, multiyear agreement with Swancor Industries Co, Ltd. of Nantou City, Taiwan that provides ECC with the exclusive right to distribute an advanced line of epoxy resin systems to manufacturers of wind energy system components in North and South America. The agreement also provides ECC...