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NGP Capital Resources Company Realizes Gain from Portfolio Company Transaction

NGP Capital Resources Company announced the full realization of its investments in Rubicon Energy Partners, LLC (“Rubicon”).
On August 7, 2008, an undisclosed buyer completed the acquisition of the assets of Rubicon for $121.9 million. Concurrent with the sale, Rubicon repaid its Senior Subordinated Secured Multiple-Advance Term Loan (the “Term Loan”) in full. Subsequent to repayment [...]

Massey disputes U.S. allegation on deadly coal mine blast

Massey Energy Co said federal investigators’ claims that excessive coal dust at its West Virginia mine last year fueled the deadliest U.S. mine explosion in 40 years were based on faulty data.
Instead, the explosion that killed 28 miners last April spread the coal dust at the mine, Massey general counsel Shane Harvey told reporters [...]

ATP Declares Cash Dividend on Preferred Stock

ATP Oil & Gas Corporation (NASDAQ:ATPG – News) announced that its board of directors declared a quarterly cash dividend on its 8.0% Cumulative Convertible Perpetual Preferred Stock. The dividend rate is $1.97 per share and is payable on April 1, 2011 to shareholders of record at the close of business on March 15, 2011.

Timminco Provides Update on Solar Grade Silicon Operations

Timminco Limited is providing an update on its solar grade silicon operations for the fourth quarter and year ended December 31, 2008. For the fourth quarter of 2008, Timminco produced 554 metric tons (mt) of solar grade silicon, representing an increase of 62% over that produced during the third quarter and resulting in total production [...]

MagneGas Corporation Signs Distribution Agreement with Boca BioFuels, Inc

MagneGas Corporation, an alternative fuel company that produces a metal cutting fuel and natural gas alternative made from liquid waste, announced that it has signed an agreement with Boca BioFuels, Inc to distribute MagneGas for the metal cutting and welding market in the Greater Atlanta area.
Don Lenci, President of Boca BioFuels, Inc states, “We are [...]

Sustainable Aviation Starts With Sustainable Policy

SANE (Sustainable Aviation Network Europe) organises on 1 September the conference “Sustainable Aviation: Sound and Climate in Perspective’ in Amsterdam, The Netherlands. International guests speak about climate measures, like the proposal for the inclusion of aviation in the European Emissions Trading Scheme, about biofuels and also about sound annoyance. High level representatives from both EU [...]

Commercial Fluid Power, a Hybrid Metal Service Center and Fabricator, to Implement Verticent ERP

Verticent, Inc., a vertically centric developer of enterprise software solutions for metal service centers and metal fabricators, announced today that Commercial Fluid Power will implement the Verticent ERP solution at each of its six plants.
Commercial Fluid Power, with headquarters in Dover, OH is a leading steel tubing service center and steel machining company concentrating on [...]

Quest Oil Corporation Production and Workover Update

Quest Oil Corp. announced the ongoing workover program on the Hawkeye-Midkiff fields in Eastland County, Texas has resulted in the anticipated increase in daily production. Additional well hook-ups will continue to increase and improve production operations. Current production is at 22 barrels of oil per day with added increase daily production. [...]

Tata Teleservices Ltd., Plug Power and Hindustan Petroleum Corporation Ltd. Successfully Demonstrate Operational Viability of Fuel Cells for Telecoms in Rural India

Tata Teleservices Limited (TTSL), Plug Power Inc., a leading fuel cell company based in Latham, NY, USA, and Hindustan Petroleum Corporation Limited (HPCL), announced today that they have successfully conducted a field trial involving Plug Power’s GenSys(r) prime power fuel cell product in rural India. Performed at a TTSL cell tower site in Bijnour, Uttar [...]

Timken Bearings Help Susiram Save Power

As skyrocketing energy costs push the world’s manufacturers to cut consumption, The Timken Company is receiving additional confirmation of a fact it has understood well for more than 109 years—high-quality Timken bearings contribute to energy efficiency.
Susiram Enterprises, a textile machinery manufacturer based in India, recently sent a letter to Timken thanking the company for helping [...]