Vitol, Helios and Shell Reach Agreement on African Downstream Businesses

Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell’s shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants... 

Energees Investments and Regal Petroleum Announce Increased Recommended Partial Cash Offer

Not for Release, Publication or Distribution in, Into or From Any Jurisdiction Where to do so Would Constitute a Violation of the Relevant Laws of Such Jurisdiction – Following the announcement on 10 December 2010 of a recommended cash offer for Regal, Energees Investments (the principal holding company of the Smart Holding Group)... 

City of Nashua Ratifies Merger Agreement With Pennichuck Corporation

Pennichuck Corporation today announced that last night, January 11, 2011, the Board of Aldermen of the City of Nashua, New Hampshire (“City”) approved and ratified, by more than a two-thirds majority vote, the Merger Agreement between the City and the Company and the issuance of bonds to finance the acquisition. The actual vote was 14 in... 

PAA Natural Gas Storage Announces Agreement to Acquire Southern Pines Storage Facility

PAA Natural Gas Storage today announced that it has entered into a definitive agreement to acquire SG Resources Mississippi, LLC, (“SG Resources”). The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility (“Southern Pines”). Total consideration is approximately $750 million. Subject to regulatory approval,... 

Atlantic Power Announces Closing of Cadillac Renewable Energy Acquisition

Atlantic Power Corporation announced today that it has closed the previously announced acquisition of 100% of the membership interests in Cadillac Renewable Energy, LLC (“Cadillac”), a 39.6 MW wood fired facility located in Cadillac, Michigan. The purchase price was $77 million, plus customary working capital adjustments, and was funded by $34... 

Crews Begin Hanging Panels on Largest Solar Array in Martin County

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 Announces Successful Appraisal of the Rochelle Discovery in United Kingdom

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... 

TSX Approves Zongshen PEM Power Systems Inc.’s Normal Course Issuer Bid

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 Restructures Past Due Obligations Under Its 12.5 Percent Senior Secured Notes

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 Announces October Distribution

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$...