Chevron Welcomes Shell to the Wheatstone Project

Chevron Corporation today announced the signing of agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant. George Kirkland, vice chairman, Chevron Corporation, said, “Chevron is pleased to welcome another participant into the Wheatstone Project.... 

U.S. nuclear plant says shielded against Japan emergency

A U.S. nuclear plant in Alabama similar in design to the earthquake-hit Fukushima facility in Japan has multiple defenses to prevent and tackle the same kind of emergency, its operator said. Safety features at the Browns Ferry plant in northern Alabama are so superior to those at Japan’s Fukushima Daiichi plant that even in the event of massive... 

U.S. nuclear agency plans safety review of reactors

The top U.S. nuclear regulator on Wednesday approved the launch of a safety review of U.S. nuclear reactors sought by President Barack Obama in response to the ongoing crisis at Japan’s Fukushima plant. The Nuclear Regulatory Commission voted to create an agency task force made up of current and former commission experts that will review the information... 

Ashland Inc. Board Announces $400 Million Stock Repurchase Program, Intends to Increase Annual Dividend

Ashland Inc. announced today that its board of directors approved a $400 million stock repurchase program. Under the program, the company’s common shares will be purchased through a combination of a 10b5-1 automatic trading plan and discretionary purchases on the open market or in privately negotiated transactions. The amount and timing of any... 

Offshore Finds Are Transforming Africa Into a Major Oil Producing Region

MarketResearch.com has announced the addition of GBI Research’s new report “Oil Market in Africa to 2015 – Offshore Finds Transforming Africa into a Major Oil Producing Region,” to their collection of Oilfield Equipment & Services market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6164897... 

Japan radiation leak evokes Three Mile Island

The radiation leak in Japan immediately recalls memories of accidents at the Chernobyl and Three Mile Island power stations, and how it unfolds will be a critical test for international acceptance of nuclear energy. The Fukushima incident, brought on by the biggest earthquake ever recorded in Japan, took a turn for the worse on Saturday after a blast... 

Wall Street up on energy shares after Japan quake

Stocks rose on Friday, led by gains in energy shares after Japan’s biggest earthquake on record hurt the country’s oil refining capacity, but trade was choppy as investors tried to weigh the quake’s economic impact. The 8.9 magnitude quake that struck the northeast coast of Japan, the world’s third largest economy, triggered... 

Beaver Valley Unit 2 Begins Refueling

FirstEnergy Nuclear Operating Company announced its Beaver Valley Power Station Unit 2 in Shippingport, Pa., shut down earlier today for scheduled refueling and maintenance. While the unit is off line, 64 of the 157 fuel assemblies will be replaced and numerous safety inspections will be conducted. In addition, preventative maintenance to ensure continued... 

Dresser-Rand Announces Plan to Acquire Grupo Guascor S.L. (“GG”)

Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, announced today that it has signed a Share Purchase Agreement (“SPA”) to acquire Grupo Guascor S.L. (“GG”) for an enterprise value of euro 500 million ($690 million) in a cash and stock transaction. The enterprise value includes... 

Petro One Calls Meeting to Ratify Shareholder Protection Rights Plan

Petro One Energy Corp. announced that the Board of Directors had approved the adoption of a shareholder protection rights plan (the “Plan”), also known as a “poison pill”. The fundamental objectives of the Plan are to provide adequate time for the Board of Directors and shareholders to assess the merits of any unsolicited take-over...