Alon USA to Present at the 2011 Credit Suisse Energy Summit

Alon USA Energy, Inc. today announced that the Company will be presenting at the 2011 Credit Suisse Energy Summit to be held in Vail, Colorado on February 7 – 11, 2011. Jeff Morris, Alon’s Chief Executive Officer, is scheduled to present on Thursday, February 10, 2011 at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). A live broadcast... 

Exxon profit up, tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the U.S. government expects another 1.5 percent gain this year as businesses’ and consumers’ appetite for fuels like diesel... 

No injuries in Marathon Texas City refinery leak

No injuries were reported due to a gas leak at a Texas City, Texas, refinery that forced the evacuation of nearby homes on Saturday, a city official said. Production at Marathon Petroleum Corp’s 76,000 barrel per day (bpd) refinery, located about 50 miles south of Houston, was unaffected by the leak, said Marathon spokesman Robert Calmus. Residents... 

Gas leak at Texas oil refinery prompts evacuation

No injuries were reported due to a gas leak at a Texas City, Texas, refinery that forced the evacuation of nearby homes on Saturday, a city official said. Production at Marathon Petroleum Corp’s 76,000-barrel-per-day capacity Texas City oil refinery, located about 50 miles south of Houston, was unaffected by the leak, said Marathon spokesman Robert... 

Alpha Natural Resources and Massey Energy Agree to $8.5 Billion Combination

Alpha Natural Resources, Inc. and Massey Energy Company announced today that they signed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock, subject to customary closing conditions including stockholder approval of both companies. Under the terms of the agreement, Massey stockholders will receive, at... 

NOxBLUE Diesel Exhaust Fluid Named 2011 World Ag Expo Top Ten New Product

CoreFluids, LLC today announced that its NOxBLUE diesel exhaust fluid (DEF) was named a 2011 World Ag Expo Top Ten New Product. Selected by new product judges composed of local and national farmers and agribusiness professionals, NOxBLUE will be featured in the 2011 World Ag Expo New Product Center February 8-10 in Tulare, California. NOxBLUE is CoreFluids’... 

Kirby Corporation Announces 2010 Fourth Quarter and Year Results

Kirby Corporation today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2010 of $31.6 million, or $.59 per share, compared with $29.2 million, or $.54 per share, for the 2009 fourth quarter. The 2009 fourth quarter results included a $4.8 million before taxes, or $.05 per share, charge for shore staff reductions,... 

Environmental Quality Management, Inc. and Beacon Energy Holdings, Inc. Enter Into Definitive Merger Agreement

Environmental Quality Management, Inc. a Cincinnati, OH-based leading provider of environmental services, and Beacon Energy Holdings, Inc. – OTC: BCOE.PK (“Beacon”), a Cleburne, TX-based leading producer of biodiesel fuel, announced today that they have entered into a definitive merger agreement. In accordance with the merger agreement, at... 

OriginOil Lands First Order for Industrial Scale Algae Oil Extraction System

OriginOil, Inc. the developer of breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced it has received the first commercial order to deploy its algae oil extraction system in an industrial setting. MBD Energy (MBD) recently committed to purchase an initial OriginOil... 

Range’s Proved Reserves Increase 42%

RANGE RESOURCES CORPORATION announced today that its proved reserves as of December 31, 2010 increased 42% to 4.4 Tcfe. From all sources, Range replaced 931% of production in 2010 with 840% reserve replacement occurring through the drill bit and positive performance revisions. Finding and development costs from all sources, including acquisitions,...