Argus Launches Price Assessments for Sakhalin Island Vityaz and Sokol Crudes

Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin island. Argus is the first price reporting service to offer daily assessments of Vityaz, whose output is expected to be around 90,000 b/d this year, rising to an expected plateau of 150,000 b/d from... 

NxtGen Emission Controls Inc. Announces the Close of a $15.4 Million USD Series ‘B’ Investment Led by Altira

NxtGen Emission Controls Inc. announced the closing of a $15.4 million USD Series B investment led by Altira Group LLC. NxtGen is an emerging leader in syngas technology for diesel engine combustion optimization. NxtGen’s technology is making existing and new engines cleaner to meet global emission reduction regulations. It provides a platform... 

Peter Voser to be Next Chief Executive of Royal Dutch Shell plc

The Board of Royal Dutch Shell plc announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial Officer and a Director of the Board since October 2004. “I am delighted to announce Peter Voser as the next Chief Executive of Royal Dutch Shell,” said RDS plc Chairman Jorma... 

Goldman Sachs and Blue Source Create Strategic Alliance to Market U.S. Greenhouse Gas Emission Reductions

The Goldman Sachs Group, Inc. and Blue Source LLC today announced a strategic alliance that combines Goldman’s global leadership in commodities trading and financial risk management with Blue Source’s leading climate change portfolio. As part of the alliance, Goldman Sachs has purchased an equity stake in Blue Source LLC. Goldman Sachs will off-take,... 

High Velocity Alternative Energy, Inc. Announces Symbol Change and 4 for 1 Forward Stock Split

High Velocity Alternative Energy, Inc. announced that the Company has effectively begun trading under its new symbol “HVAE” on the Pink Sheets OTC. In conjunction to the symbol change, the company executed a Board approved 4 for 1 forward split of its common stock and has commenced trading on a split-adjusted basis under the new symbol. After taking... 

Waratah Board Recommends Shareholders Reject Mineralogy’s Unsolicited Partial Offer

In its Directors’ Circular filed today, the Board of Directors of Waratah Coal Inc. unanimously recommends that holders of Waratah common shares reject the unsolicited partial offer from Mineralogy Pty Ltd. and not tender their Shares to Mineralogy. In reaching this recommendation and concluding that the Mineralogy partial offer is not in the... 

Exelon Corporation Offers to Acquire NRG Energy, Inc. in $6.2 Billion Transaction

Exelon Corporation announced its proposal to acquire Princeton, N.J.-based NRG Energy, Inc.. Exelon has offered to acquire all of the outstanding NRG common stock in an all-stock transaction with a fixed exchange ratio with a value of $26.43 for each NRG common share, representing a total equity value of approximately $6.2 billion for NRG based on Exelon’s... 

CMAI Completes 2009 World Methanol Analysis

Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Methanol Analysis. Published annually, this study provides information on supply, demand, production, history and forecasts for methanol capacity, trade, technology analysis and price forecasts. The analysis leverages all of CMAI’s worldwide consultants to offer... 

CME Group to Launch 18 New Natural Gas Swap Futures Contracts on ClearPort

CME Group, the world’s largest and most diverse derivatives exchange, announced that it will launch 18 new natural gas basis, index and swing swaps futures contracts on ClearPort®, beginning on October 19 for trade date October 20. The new futures contracts and their commodity codes are: NGPL STX natural gas basis swap (T5); Algonquin Citygate... 

Boralex Power Income Fund temporarily ceases its operations at the Senneterre wood-residue thermal power station

Boralex Power Income Fund announces today a temporarily cease of its operations at the wood-residue thermal plant in Senneterre, Quebec, starting September 21 up to November 15. The decision to momentarily cease the operations of the power station results from the on-going difficulties in securing wood residue supply in the region. Patrick Lemaire,...