Gulfport Energy Updates Operations Following Hurricanes

Gulfport Energy Corporation announced that all four tank batteries at its West Cote Blanche Bay (“WCBB”) field were operational as of October 10, 2008. Total company production from October 11 to October 16, 2008 averaged approximately 5,784 barrels of oil equivalent per day (“BOEPD”) as compared to average production of 5,669... 

CMAI Completes 2009 World Methanol Analysis

Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Methanol Analysis. Published annually, this study provides information on supply, demand, production, history and forecasts for methanol capacity, trade, technology analysis and price forecasts. The analysis leverages all of CMAI’s worldwide consultants to offer... 

Hess Launches C-Neutral Energy Program

Hess Corporation announced the launch of its Hess C-Neutral program to commercial, industrial and institutional customers. Hess C-Neutral is a carbon-neutral energy program for natural gas, electricity and fuel oil. Through C-Neutral, Hess engineers calculate the carbon emissions associated with a customer’s energy usage and include enough carbon... 

SemGroup to Sell Fuel Storage Facility in Wales; Largest Facility of its Kind in U.K. Provides Strategic Location for Distribution to Major Markets

SemGroup, L.P. announced its plans to evaluate offers to sell its wholly-owned subsidiary, SemLogistics Milford Haven Limited, which operates the largest independent fuel storage facility in the United Kingdom. Located in Milford Haven on the west coast of Wales, the facility provides 8.5 million barrels of commercially active storage capacity and serves... 

Avista Re-Files in Oregon for Lower Annual Natural Gas Adjustment

Avista has re-filed a request with the Public Utility Commission of Oregon to decrease the company’s annual purchase gas cost adjustment (PGA) effective Nov. 1, 2008. If approved by the commission, a residential customer using an average of 53 therms of natural gas per month would see their monthly bill decrease by $3.28, or 4.1 percent, for a... 

Overseas Shipholding Group Announces New $500 Million Credit Facility for FSO Project

Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, together with Euronav NV (EURONEXT BRUSSELS: EURN) announced today a $500 million senior secured term loan to finance the acquisition of TI Asia and TI Africa by joint venture companies owned equally by Euronav and OSG and the conversion of... 

Oil plunges to 13-month low on global slowdown

The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis. Oil hasn’t been this cheap in 13 months — a rare silver lining for consumers amid a rapidly imploding financial landscape. Crude prices have almost... 

Enterprise Selects Triple Point to Manage FAS 133 Compliance – Marks Milestone as 50th Hedge Accounting Client

Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Enterprise Products Partners L.P., with an enterprise value of nearly $21 billion, has chosen Triple Point’s Commodity XL for Hedge Accounting™ to ensure FAS 133 compliance and protect against earnings... 

Synthesis Energy Systems Enters Into License Agreement with ExxonMobil for Up to 15 Methanol-to-Gasoline (MTG) Technology Licenses

Synthesis Energy Systems, Inc., a global industrial gasification company, today announced that it has entered into an agreement with ExxonMobil Research and Engineering Company (“EMRE”) that provides SES the option to execute up to 15 Methanol-to-Gasoline (“MTG”) technology licenses at U-GAS® coal gasification plants globally. The... 

StealthGas Inc. Announces Agreement to Construct Four New 156,000 Deadweight Suezmax Tankers

StealthGas Inc., a ship owning company serving primarily the liquified petroleum gas (LPG) sector of the international shipping industry, announced today that it has ordered two new 156,000 deadweight Suezmax crude Oil Tankers with an option to order two additional such vessels. Delivery of the first vessel is expected in May-July 2011 and delivery...