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United Refining Company Increases Bank Credit Facility to $130 Million

United Refining Company (United), a leading regional refiner and marketer of petroleum products announces completion of an amendment to its secured revolving credit facility (the facility) led by PNC Bank, N.A., Agent Bank. The amendment increases the facility commitment from $100,000,000 to $130,000,000 effective November 21, 2008. The facility expires on November 27, 2011, and [...]

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 [...]

Sun River Energy, Inc. Announces Total Depth Reached on the Neal Heirs #1

Sun River Energy, Inc. Sun River Energy, Inc.’s (the “Company” or “Sun River”) wholly owned operating company, Sun River Operating, Inc., set pipe on the Neal Heirs #1 well in southwestern Panola County, Texas at a total depth of 11,073 feet. Logging was completed on December 25, 2010. All of the objective [...]

Composite Technology Signs Turbine Deal for Minnesota

Composite Technology Corporation announce that its DeWind subsidiary has signed an agreement for the sale of two D8.2 two megawatt wind turbines to Willmar Municipal Utilities (WMU) in Willmar Minnesota. The DeWind D8.2 synchronous power turbine was chosen by the utility after a lengthy evaluation process and a series of city approvals. The contract is [...]

Golden Predator Commences 2011 Yukon Drill Program

Golden Predator Corp. is pleased to announce that drilling commenced at its Brewery Creek Project on February 18th initiating the aggressive 2011 Yukon exploration program. The Brewery Creek winter drill program, with a minimum of 2,500 m of oriented core, is intended to expand upon the 2010 discovery at the Bohemian zone where the Company [...]

AMR Research Study Finds China Contributes the Most Risk to Global Companies

AMR Research released a study that found that China is the region that contributes the most risk to global supply chains. The survey, which asked 130 global companies to measure the levels of risk they face in their global supply chains, also found that volatile fuel, energy, and commodity prices are the top risk factors.
Survey [...]

Wavefront Energy & Environmental Services Inc. – Powerwave expected to improve west Texas waterflood

Wavefront Energy and Environmental Services Inc., a world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration is pleased to announce that Powerwave will be implemented in an active waterflood in Gaines County Texas by an independent oil and gas producer whose average production is approximately 40,000 barrels of oil equivalent [...]

Green Star Tops Revenue Estimates by 60 Percent

Green Star Products, Inc. published its comparative financial statements for years 2007, 2006 and 2005.
For 2007, Green Star had revenues of $2,485,000, a 60% increase over earlier estimates, and earnings of $455,000, the Company’s first profit.
As of year end 2007, Green Star also has a carry forward loss of approximately $11,000,000, which, depending on [...]

OPEC ready to act but not due to speculators: report

OPEC is ready to act to address supply shortages in the oil market but not to counter price moves caused by speculation, Secretary General Abdullah al-Badri told an Austrian newspaper. The group is monitoring the situation closely, and “OPEC will intervene to stabilize the market if the market is imbalanced. OPEC will not intervene because [...]

Green Energy Resources, Inc. Signs $21 Million Supply Contract to Europe for Energy Woodchips

Green Energy Resources, Inc. has signed a European supply contract for $21 million. The order is effective immediately. Orders for the fourth quarter 2008, the 1st quarter 2009 and all of 2009 will meet or exceed the company’s target objectives. Reduced international shipping freight rates, lower fuel costs and a relatively strong euro-dollar have set [...]