Russian 2010 oil output hits post-Soviet record

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world’s top oil exporter to ramp up production at its greenfield sites. The growth in crude production surprised many analysts, who had expected 1.1 percent on average, when polled just before the start... 

NGAS Resources Announces Definitive Agreement to be Acquired by Magnum Hunter Resources

NGAS Resources, Inc. a leader in horizontal drilling and completion technology in the southern Appalachian Basin, today announced a definitive agreement with Magnum Hunter Resources Corporation (NYSE Amex:MHR), providing for NGAS Resources to be acquired by Magnum Hunter in an all-stock transaction. NGAS Resources is a British Columbia corporation,... 

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 —... 

Hiroshi Development, LLC Closes Initial $300 Million to Fund Renewable Energy and Technology Projects

Hiroshi Development, LLC addresses an opportunity in the renewable energy market that neither traditional private equity nor venture capital investors currently address. Renewable energy financings require a strong understanding of project equity, senior and subordinated debt structures, regulatory compliance, fuel supply and power purchase agreements.... 

Electric vehicles, infrastructure power 2009 Beyond Oil conference

Shiny new electric vehicles, emitting only low-whirring sounds, glistened as they darted among the few sun breaks in Seattle outside a Cascadia Center conference titled Beyond Oil: The Sustainable Communities Initiative. The all-electric Ford Focus made its debut at the late-October event, co-sponsored by Idaho National Laboratory. Ford’s Focus... 

Hydrogen milestone moves energy independence one step forward

Big things often come in small packages. That’s certainly the case with the potential created by recent successes in hydrogen research at Idaho National Laboratory. Steve Herring, technical director of the High Temperature Electrolysis Nuclear Hydrogen Initiative, holds in his hand a solid-oxide electrolysis cell no larger than a standard CD.... 

Can CA Economy Afford Climate Policies?

As political pressure mounts to delay California’s ambitious global warming policies, a new report from University of California researchers examines the economic impacts of putting the Governor’s climate program on hold. Energy Prices and California’s Economic Security, a project sponsored by Next 10, a nonpartisan, nonprofit organization,... 

Universal Energy Corp. Launches Aggressive 2009 Acquisition Plan

Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today the launch of its acquisition plan for 2009. “The decline in commodity prices over the past few months has brought about opportunities like I’ve never seen before,” commented Billy Raley, Chief Executive Officer of Universal Energy... 

First Home Energy Audit Franchise Launches Nationally

Pro Energy Consultants, the nation’s first home energy audit franchise, announced today the national launch of its low-cost, home-based franchise concept. Pro Energy Consultants provides homeowners with qualified residential energy auditing designed to maximize the home’s energy efficiency and reduce energy costs. With more than 13 years... 

Offshore wind power to contribute to Europe’s economic recovery

The European Commission recognised offshore wind energy as a key technology in Europe’s attempt to stimulate the Union’s economies. The European Wind Energy Association (EWEA) considers that the €500mn in “smart investment” to specific offshore projects that the EC has earmarked is money well spent. All projects are in an advanced stage of...