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Vietnam: Energy sector focuses on risk management

A conference designed to raise awareness in the energy sector of ways to minimise the negative impacts of global oil price fluctuations took place in Ha Noi on Thursday.
“Risk management during oil price volatility in Viet Nam” was jointly organised by BIDV Insurance Co (BIC) and Ginga Viet Nam Holdings, who have already signed a [...]

Multiserve SafePak(TM) Tops Leading Multi-Serve Beverage Packages in New Independent Sustainability Research

International Dispensing Corporation (IDC) released the results of a Life Cycle Analysis conducted by Allied Development Corporation, a leading packaging industry research and consulting firm, that measured energy use, greenhouse gas (GHG) emissions, and end-use environmental impacts of mainstream large-format packages for milk and juice. Among the packages evaluated were one-gallon high-density polyethylene (HDPE) milk [...]

Foster Wheeler Announces Proposed Redomestication from Bermuda to Switzerland

Foster Wheeler Ltd. announced that its board of directors has unanimously approved the redomestication of the company from Bermuda to Switzerland.
Foster Wheeler’s shareholders will be asked to vote in favor of the proposal at a shareholders meeting expected to be scheduled for January 2009. If approved by shareholders, and subject to the approval of the [...]

Westar Energy Sends Crews to Kentucky to Assist E.ON U.S. With Power Restoration Efforts

Westar Energy crews are heading east to help E.ON U.S. with power restoration from outages caused by intense winds as remnants of Hurricane Ike pushed through the state. E. ON U.S., based out of Louisville, Ky., owns and operates Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU). Remnants of Ike caused power [...]

Senior Banking Executive Named to PPL Corporation Board

PPL Corporation announced Monday (12/20) that Steven G. Elliott, who has nearly four decades of auditing and banking experience, has been named to the company’s board of directors, effective Jan. 1, 2011.
Elliott currently serves as senior vice chairman of BNY Mellon. During his extensive career with that company, he served as chief financial officer, led [...]

Energy Transfer Partners Completes Texas Pipeline Expansion Project

Energy Transfer Partners L.P. announced the completion of the 56-mile Katy Expansion pipeline project that increases the capacity of the Partnership’s existing ETC Katy natural gas pipeline in southeast Texas by more than 400 million cubic feet per day.
The 36-inch Katy Expansion project provides approximately 20,000 horsepower of compression to the 30-inch section of the [...]

Existing Investors Lead Recapitalization of Imperium Renewables

Imperium Renewables announced a recapitalization comprised exclusively of existing investors of the Company. The majority of the proceeds were used to satisfy its secured project lender, Société Générale, lien holders and unsecured creditors. Imperium will continue to focus on biodiesel production at its 100 million gallon per year nameplate facility in Grays Harbor County, Washington.
“This [...]

Chevron Has Selected b2een From Amalto Technologies to Enable Electronic Transactions With Its Suppliers

Amalto Technologies today announced that Chevron U.S.A. Inc. has selected its b2een solution to enable exchanges of electronic documents with suppliers across Chevron businesses.
Amalto b2een combines a light web 2.0 client software providing a secured transport mechanism of encrypted documents between the trading partners and a SaaS* platform to manage the validation, transformation and routing [...]

Penn Virginia Confirms Fundamentals for Business Segments; Raises Quarterly Cash Distributions

Penn Virginia Resource Partners, L.P. and Penn Virginia GP Holdings, L.P. announced both PVR and PVG raised their quarterly cash distributions for the seventh and eighth consecutive quarters, respectively, as discussed further below.
Management Comment
A. James Dearlove, Chief Executive Officer of PVR and PVG, said, “PVR’s coal royalty and midstream segments continue to deliver solid results, [...]

Allegheny Power Ranked First in Northeast Region by Industrial Customers

Large commercial and industrial customers have rated Allegheny Power, the electric delivery business of Allegheny Energy, Inc., as one of the leaders in customer satisfaction among electric utilities in the United States.
Allegheny ranked number one in the Northeast Region in the 2008 TQS Research, Inc. Benchmark Survey of 60 large utilities. This marks the fourth [...]