Egypt unrest may push oil above $110: Kuwait official

Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait’s Supreme Petroleum Council said on Sunday. Oil prices have spiked due to tension in Egypt. Brent crude hit $100 per barrel for the first time since 2008 on fears instability could spread through the Middle East, which together with North Africa... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Enhanced Oil Resources Inc. Provides 2011 Activity Update

Enhanced Oil Resources Inc. is pleased to provide the following update regarding the Company’s proposed activity for 2011. The Company had previously announced on December 22nd 2010 that it had completed a $25 Million bank credit facility with Regions Bank. The credit facility capped a year where the Company produced four straight quarters of... 

Vermilion Energy Inc. Announces $0.19 Cash Dividend for February 15, 2011 Payment Date

Vermilion Energy Inc. is pleased to announce a cash dividend of $0.19 per share payable on February 15, 2011 to all shareholders of record on January 31, 2011. The ex-dividend date for this payment is January 27, 2011. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion Energy Inc. is an oil-leveraged producer... 

Denbury Completes Sale of its Interests in Encore Energy Partners LP; CO2 Injections Commence at Hastings Field

Denbury Resources Inc. today announced that on December 31, 2010 it closed the previously announced sale of its ownership interests in Encore Energy Partners LP (NYSE:ENP – News) (“ENP”) to Vanguard Natural Resources, LLC (NYSE:VNR – News) (“Vanguard”). Denbury sold to Vanguard 100% of its interest in ENP’s general partner and... 

PAA Natural Gas Storage Announces Agreement to Acquire Southern Pines Storage Facility

PAA Natural Gas Storage today announced that it has entered into a definitive agreement to acquire SG Resources Mississippi, LLC, (“SG Resources”). The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility (“Southern Pines”). Total consideration is approximately $750 million. Subject to regulatory approval,... 

ZBB Successfully Completes Advanced Electricity Storage Technologies Program

ZBB Energy Corporation, the leading developer of intelligent, renewable energy power platforms, announced today that their ZESS 500 has been deemed a fully operational and validated success. It is installed at CSIRO’s Energy Centre in Newcastle, Australia, as part of the Advanced Electricity Storage Technologies (AEST) program. This marks the... 

ACES Power Marketing Supports New 150-MW Iowa Wind Project

ACES Power Marketing, a nationally recognized wholesale energy risk management and transaction execution services company — today announced that its origination efforts have paid off with the successful commencement of commercial operation of the 150-MW Story County wind project. The project is owned and operated by a subsidiary of FPL Energy,... 

Meridium Debuts New Asset Health Monitoring Solution

Meridium Inc., the global leader in asset performance management (APM) software and consulting solutions, released its newest solution, Asset Health Indicators, in v3.3.1 of its APM software package. Meridium’s Asset Health Indicator (AHI) solution is an extension to Meridium’s Asset Strategy Management application and provides the ability... 

DataFlux Brings Cross-Discipline Connectivity to its Energy Clients

OpenSpirit announces that DataFlux, a leading provider of data quality and data integration solutions, will integrate OpenSpirit technology into its award-winning software to provide increased compatibility with third-party geosciences applications and data stores. End users will be able to extract well data from OpenSpirit-enabled data stores to perform...