Aspen Aerogels has completed delivery of Spaceloft advanced thermal insulation to Technip for a 21-kilometer subsea natural gas pipeline off the coast of Brazil. Technip is building the rigid pipeline for the Brazilian state-run oil company Petrobras. The line will connect the Canapu field (1,700 meters deep) to the Cidade de Vitoria floating production...
Constellation Energy announced it has reached a definitive agreement to sell its Houston-based downstream natural gas unit to Macquarie Group. Terms were not disclosed. The pending divestiture is one of several strategic initiatives the company has undertaken in recent months to reduce risk in its merchant businesses and improve liquidity through the...
GDF SUEZ Energy International completes the acquisition of Econergy International for roughly 39 million GBP (approximately EUR 50 million). Econergy, a US company listed in the UK, is focused on renewable energy projects in Latin America (mainly) and North America. In addition to developing sustainable energy projects, the company is also actively...
A subsidiary of GDF SUEZ will start the construction of a 115 MW run-of-the river hydro project following an auction for energy companies which took place on 9 September 2008. As a result of this auction, 100 MW have been sold to distribution companies for a period of 10 years, between 2013 and 2022. GDF SUEZ will provide 6,000 GWh for the length of...
DCP Midstream Partners, LP announced it has entered into an agreement to purchase Michigan Pipeline & Processing, LLC (MPP), a privately held company engaged in natural gas gathering and treating services for natural gas produced from the Antrim Shale of northern Michigan and natural gas transportation within Michigan. The sellers are two privately...
GDF SUEZ Energy International through its North American subsidiary announced today the signing of an agreement to acquire FirstLight Power Enterprises, Inc. FirstLight owns and operates a unique portfolio of 15 power generation plants – primarily pumped storage and traditional hydro facilities – and has a state-of-the-art natural gas peaking...
CoreXchangeSM, the IT industry’s fastest growing provider of advanced networking solutions, today announced that Cheniere Energy (AMEX symbol: LNG – News) has selected CoreXchange to provide business continuance and disaster recovery solutions to protect their critical data operations. ADVERTISEMENT Cheniere Energy customers expect a consistent...
Chevron Corporation announced that two of its subsidiaries have entered into an agreement with a subsidiary of Ultrapar Participações S.A. (Ultrapar) to sell Chevron’s fuels marketing business in Brazil for approximately $730 million plus a working capital adjustment. The final amount will vary based on exchange rate fluctuations and the actual...
Research and Markets has announced the addition of the “The Development of China’s Coal-based Alcohol Ether Energy 2008” report to their offering. China’s current energy resources are typified by a huge resource of coal, but a shortage of gas and oil. The total reserves of petroleum and natural gas amounted to 15.5 billion barrels...