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.... 

Obama’s Visit to Brazil Yields ‘Encouraging’ Renewable Fuels Cooperation, According to Brazilian Sugarcane Industry Association

Two important announcements involving renewable energy made on the opening day of U.S. President Barack Obama’s official visit to Brazil, both directly relevant to Brazil’s successful sugarcane ethanol industry, are encouraging signs that Brazil and the U.S. are on a path to achieve free, unobstructed trade for clean, renewable biofuels.... 

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... 

Analysis: Stocks-oil relation looks as it did in 2008 recession

The trading pattern of the prices of stocks and crude oil looks worryingly like it did just before the last recession. Oil and equity prices rise and fall more or less in tandem when demand and economic growth expectations dictate prices. But the short-term relationship has been turned on its head in recent weeks with investors worried that political... 

Peabody Energy Announces New Business Development and Law Appointments

Peabody Energy announced today two new leadership appointments: Murray Hundleby has been named Vice President and Chief Legal Officer – Australia, and Rebecca L. Kujawa has been promoted to Vice President – Business Development. In this new position, Hundleby will lead the law department supporting Peabody’s Australian business platform from... 

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... 

Energy Expert and Former Regulator Issues Statement on Oscar® Nominated Documentary Gasland

John Hanger, immediate past secretary of the Pennsylvania Department of Environmental Protection, former member of the Pennsylvania Public Utility Commission, and nationally-recognized expert on energy, the economy, and the environment, issued a statement today on his blog about the documentary “Gasland,” nominated for an Academy Award to be awarded... 

Estrakon Launches New Product Line at GlobalShop 2011

Estrakon, Inc., will officially launch its new Krystal Frame edge-lit LED product line at GlobalShop 2011 — at the Sands Expo and Convention Center in Las Vegas next month, Booth # 656. Krystal Frame features open-edge, glowing displays that are lightweight, thin, energy-efficient and elegant. “The non-animated Krystal Frame expands the... 

Support for Online Service Programs Growing

In today’s fast-paced high-tech world many companies are looking to use technology to make life simpler and more convenient for their customers. If MXenergy’s new online customer service programs are any indication, customers are highly appreciative. MXenergy, one of the nation’s leading independent energy providers, now offers multiple... 

Viridian Energy Brings Affordable Clean Energy to the Big Apple

Viridian Energy, a leading provider of affordable, green retail energy, today announced the launch of its services in New York City and the surrounding area. Viridian’s NYC launch is the most recent expansion in the company’s rapid growth and development, which includes ten markets in five states in just 17 months. Entrance into the nation’s single...