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...
Denbury Resources Inc. announced today that it has entered into an agreement with a privately owned company to purchase a 91.4% interest in Conroe Field, a significant potential tertiary flood north of Houston, Texas, for $600 million, plus additional potential consideration if oil prices exceed $121 per barrel during the next three years as further...
Primary Energy Recycling Corporation announced that a cash distribution of Cdn$ 0.06667 per enhanced income security (“EIS”) of the Company will be paid on September 30, 2008 to holders of record on August 29, 2008. Each EIS consists of one common share (a “Common Share”) and a subordinated note with par value of Cdn$ 2.50 which...
Air Products’ mobile hydrogen fueler technology is based at the Liberty Science Center in Jersey City, New Jersey for two days with good reason. It is fueling the hydrogen powered fuel cell vehicles of multiple automakers venturing into New York City and for an event at the Liberty Science Center tomorrow as part of the national Hydrogen Tour...
Ampal-American Israel Corporation announced that Merhav-Ampal Energy Ltd., a wholly owned subsidiary of Ampal, successfully completed the tender offers in Israel to purchase all outstanding shares of common stock and convertible debentures of Gadot Chemical Tankers and Terminals Ltd. , and now holds all of the outstanding Shares of Gadot (99.99% on...
Zongshen PEM Power Systems Inc., announced that it has reached an amending agreement (the “Amendment”) with its major shareholder, Zongshen Industrial Group (“ZIG”) to amend the Master Support Agreement (“MSA”) which was signed and announced in January 2008. The Amendment grants ZPP the exclusive global rights to...