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Random News from Tambang.Org

Africa Oil: Accelerated Warrant Exercise Completed

Africa Oil Corp. reports that 99.5% of the Company’s share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010. The warrant exercise resulted in gross proceeds to the Company of approximately CDN$55.8 million.
The December 23, 2010 expiry date was an [...]

Proserv Renames Recently Acquired Twachtman Snyder & Byrd and Circle Technical Services

Proserv Offshore LLC announced that Twachtman Snyder & Byrd (TSB) has changed its name to Proserv Decommissioning Contractors & Engineers Inc. and Proserv Abandonment Services, and Circle Technical Services has changed to Proserv Marine and Subsea Technology.
All three represent business units within the Abandonment & Decommissioning strategic business unit of Proserv Offshore LLC, which acquired [...]

Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. Announce Fourth Quarter 2010 Earnings Conference Call

Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. will report their fourth quarter 2010 financial results before the market opens on Friday, January 28, 2011. Alliance management will discuss fourth quarter earnings during a conference call beginning at 10:00 a.m. Eastern that same day. To participate in the conference call, dial (866) 356-4441 [...]

Bristow Group Announces Agreement to Sell Aircraft

Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, today announced it has executed an agreement to sell 53 single-engine aircraft and related assets operating in the U.S. Gulf of Mexico to Rotorcraft Leasing Company, L.L.C. for $65 million. The sale is anticipated to result in a pre-tax gain of [...]

Chevron Energy Solutions Expands Into Hawaii

Chevron Energy Solutions announced today the opening of a new office in Honolulu and its selection by the State of Hawaii as one of the state’s pre-qualified energy service companies. This selection allows the company to perform energy services — including developing and installing cost-reducing energy efficiency improvements and renewable power facilities — for public [...]

Constellation Energy Receives Unsolicited Proposal From Électricité de France

Constellation Energy confirmed that it has received an unsolicited proposal from Électricité de France (EDF). The main components of EDF’s proposal are:
* EDF would purchase a 50% ownership interest in the nuclear generation and operation business of Constellation Energy (excluding Constellation Energy’s existing interest in the UniStar joint venture) for $4.5 [...]

Peabody Energy (NYSE: BTU) Declares Dividend of $0.085 Per Share

The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on March 3, 2011, to holders of record on Feb. 10, 2011.
Peabody Energy is the world’s largest private-sector coal company and a global leader in clean coal solutions. [...]

Westinghouse, Shaw to Form Joint Venture Company to Manufacture Modules for AP1000(TM) Nuclear Power Plants

Westinghouse Electric Company and The Shaw Group Inc. announced they have signed a letter of intent (LOI) to form a joint venture to fabricate and assemble structural and equipment modules for AP1000(TM) nuclear power plants to be built in the United States and selected global markets in which in-country supply is not available.
Under terms of [...]

Northern Offshore Announces New Contract Award for Jackup Energy Enhancer

Northern Offshore, Ltd. announced that its subsidiary, Northern Offshore U.K. Ltd., was awarded a contract with Ithaca Energy (UK) Limited (“Ithaca”), a subsidiary of the Canadian independent oil and gas company Ithaca Energy Inc., for the jackup Energy Enhancer. The one well tie back and completion program in the Jacky Field, Inner Moray Firth, [...]

NxtGen Emission Controls Inc. Announces the Close of a $15.4 Million USD Series ‘B’ Investment Led by Altira

NxtGen Emission Controls Inc. announced the closing of a $15.4 million USD Series B investment led by Altira Group LLC. NxtGen is an emerging leader in syngas technology for diesel engine combustion optimization. NxtGen’s technology is making existing and new engines cleaner to meet global emission reduction regulations. It provides a platform for advanced emission [...]