The largest solar energy array in Martin County began construction a little over 4 weeks ago after the town was able to quickly issue permits to the solar energy contractor, Abundant Energy Inc. (http://www.abundantenergy.com). Though South Florida solar energy companies have been making little headway in the commercial energy market with the exception...
Endeavour International Corporation announced a successful up-dip appraisal of the Rochelle undeveloped discovery in Block 15/27 of the UK North Sea. Endeavour holds a 55.6 percent interest in the well and is operator for the block. Nexen Petroleum U.K. Limited is a joint venture participant and holds 44.4 percent interest. The Rochelle 15/27-11 appraisal...
Zongshen PEM Power Systems Inc., announced that it has received the approval of The Toronto Stock Exchange (”TSX”) to make a Normal Course Issuer Bid (the “Bid”) to purchase through the facilities of the Exchange, from time to time, as it considers advisable, up to 3,065,211 of the issued and outstanding Common Shares (being...
Baseline Oil & Gas Corp. announced that it successfully reached accommodation with the vast majority of its note holders with respect to its failure to repurchase the Company’s outstanding 12.5% Senior Secured Notes due 2012 (the “Old Notes”) on October 6, 2008. As previously announced, the Company failed to pay the holders of...
Primary Energy Recycling Corporation announced today that a cash distribution of Cdn$ 0.06667 per enhanced income security (”EIS”) of the Company will be paid on November 28, 2008 to holders of record on October 31, 2008. Each EIS consists of one common share (a “Common Share”) and a subordinated note with par value of Cdn$...
Crosstex Energy, L.P. announced that the majority of its assets in Texas and Louisiana sustained minimal physical damage as a result of Hurricane Ike. Most of the Partnership’s facilities along the Gulf Coast are resuming or have resumed operations. However, the Sabine plant, because of its proximity to the Louisiana Gulf coast, sustained some damage...
Energy West, Incorporated announced that it has entered into a definitive agreement to acquire Orwell Natural Gas Company, Northeast Ohio Natural Gas Corp. (NEO) and Brainard Natural Gas Corp., three natural gas distribution companies headquartered in Mentor, Ohio, that serve customers in Northeast Ohio and Western Pennsylvania. The acquisitions will...
Process Systems Enterprise (PSE), providers of the world-leading gPROMS advanced process modelling (APM) software and related services and winner of the prestigious Royal Academy of Engineering’s 2007 MacRobert Award for Engineering Innovation, today announced its move to a significantly expanded new head office in Hammersmith, London. gPROMS software...
Solland Solar, Netherlands’ largest producer of solar cells, will enable the solar energy sector to take a major step forwards with its new Sunweb cell. By concentrating the generated energy to the back of the cell, Sunweb can offer a 2 percent higher output per cell. Processed and connected in a solar module, the output even increases to 9 percent....
Primary Energy Recycling Corporation announced today that after evaluating the Company’s liquidity position, it has determined that its current cash on hand of $14.4 million (at July 31, 2008) plus anticipated proceeds from operations are expected to be adequate to fund near term business operations and distributions. As a result, it has let the...