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... 

John Wood Group PLC (‘Wood Group’, the ‘Group’) Announces Disposal of Well Support Division for $2.8 Billion

Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than $1.7 billion to shareholders... 

Savage to Construct, Own and Operate a Multi-User Railport at Trenton, North Dakota

Savage Companies (Savage) announced its plans to construct, own and operate a large multi-user rail terminal in Trenton, North Dakota. The terminal, to be known as Trenton Railport, will be served by the BNSF Railway, and will be designed to bring large-scale rail service to the Bakken Formation (the Bakken) with oil-field related materials such as... 

Victory Energy Appoints David B. McCall to Its Board of Directors

Victory Energy Corporation today announced that it has appointed David B. McCall to its Board of Directors. Mr. McCall has over 35 years of experience in the oil and gas industry, and is currently a partner in The McCall Firm in Austin, Texas. Mr. McCall’s law practice has centered on the upstream, midstream and downstream activities of major... 

Harvest Operations Announces $1.4 Billion Capital Budget

Harvest Operations Corp. announced today that its Board of Directors has approved a budget for 2011 that includes an $1.4 billion capital expenditure program intended to boost upstream production and improve downstream operational efficiencies. John Zahary, Harvest’s President and Chief Executive Officer, said, “In 2011, our plan is to continue... 

Support of Algae Biofuels as Viable Source of Green Energy Gains Momentum

In the world of biofuels, 2010 is officially the year of the autotrophic organism as dozens of companies and academic laboratories race to transform algae into a source of viable green energy, according to Algae Biofuels Production Technologies Worldwide by leading industrial market research firm SBI Energy. The endgame of these research efforts —... 

Tuscany Energy Ltd. announces successful Saskatchwewan horizontal well

Tuscany Energy LTD report the successful drilling and completion of a horizontal oil well, in the Dina formation, in the Evesham area of southwestern Saskatchewan. The Tuscany et al. Evesham HZ 2B9-21-4B2-21-39-27 W3 well was drilled to a measured depth of 1467 m (759 m TVD) with a horizontal Dina section of 496 m. The well is currently producing 170... 

Tethys Petroleum Limited: Cooperation Agreement Signed With “INTER RAO UES OJSC”

Tethys Petroleum Limited announced the signature of a Memorandum of Intent on Cooperation with the Russian energy company “INTER RAO UES OJSC” concerning cooperation in Kazakhstan and other parts of Central Asia. Specifically the MOI concerns Tethys and “INTER RAO UES OJSC” cooperating and negotiating in good faith as a matter... 

IBM and EDF Combine R&D Skills to Further Energy Sustainability

IBM announced a collaboration with EDF, the leading electricity producer in Europe, on an ambitious project to explore key aspects of the energy systems that are important in EDF operations, in an effort to further energy sustainability. EDF and IBM will work together to develop high performance computing solutions which can significantly advance the... 

Energy Composites Corporation Signs Multiyear Exclusive Raw Material Distribution Agreement for the North and South American Wind Energy Markets

Energy Composites Corporation announced that it has signed a final, multiyear agreement with Swancor Industries Co, Ltd. of Nantou City, Taiwan that provides ECC with the exclusive right to distribute an advanced line of epoxy resin systems to manufacturers of wind energy system components in North and South America. The agreement also provides ECC...