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Random News from Tambang.Org

Support of Algae Biofuels as Viable Source of Green Energy Gains Momentum

In the world of biofuels, 2010 is officially the year of the autotrophic organism as dozens of companies and academic laboratories race to transform algae into a source of viable green energy, according to Algae Biofuels Production Technologies Worldwide by leading industrial market research firm SBI Energy. The endgame of these research efforts — which [...]

Timken Increases Precision Offerings With New Thin-Section Bearings

The Timken Company announced that it is expanding its offering of thin-section ball bearings to provide a standard line of bearings that can perform with greater precision and resist corrosion.
The new bearings have a minimum precision level that meets ABEC 5 and ISO P5 standards for bearing tolerance. Prior to Timken’s introduction of the new [...]

GreenMan Technologies, Inc. Subsidiary Awarded More Than $300,000 in Multiple Contracts by State of Iowa

GreenMan Technologies announced that its wholly owned subsidiary, Welch Products, has been awarded 15 new playground surfacing and ADA compliance services projects through its Master Agreement with the State of Iowa. A portion of the funding for these projects is provided by the IDNR Scrap Tire Development Program, whose funding recipients are required to use [...]

Dejour Closes US$2.75 Million Equity Raise

Dejour Enterprises Ltd. announces that it has closed its previously announced offerings of units, with each unit consisting of one common share and one half of one common share purchase warrants. Dejour issued 9,176,667 common shares and 4,588,334 common share purchase warrants in the offerings, resulting in gross proceeds of approximately US$2.75 million.
A portion of [...]

Genoil Inc. Provides Update on HYT Project Status

Genoil Inc. is providing an update on ongoing marketing and financing efforts on Genoil’s heavy oil and refinery residue upgrading project with Haiyitong Inc. (“HYT”) in China.
Genoil continues to work towards the development and financing of its heavy oil and refinery residue upgrading project with HYT. Genoil had previously press released that based on [...]

Buckeye GP Holdings L.P. Confirms Receipt of Unsolicited Proposal From BGH GP Holdings, LLC

Buckeye GP Holdings L.P. confirmed that the Board of Directors of MainLine Management LLC, the general partner of BGH, has received an unsolicited proposal from BGH GP Holdings, LLC (“BGH Holdings”) to acquire all of the outstanding common units of BGH that are not already owned by BGH Holdings for $17.00 per common unit in [...]

ATP Declares Cash Dividend on Preferred Stock

ATP Oil & Gas Corporation (NASDAQ:ATPG – News) announced that its board of directors declared a quarterly cash dividend on its 8.0% Cumulative Convertible Perpetual Preferred Stock. The dividend rate is $1.97 per share and is payable on April 1, 2011 to shareholders of record at the close of business on March 15, 2011.

Renae Conley Assumes Leadership Responsibilities for Human Resources

Entergy Corporation today announced that effective immediately Renae Conley is formally assuming the responsibilities of executive vice president, human resources and administration, completing a management transition first announced last summer by Chairman and Chief Executive Officer J. Wayne Leonard.
Conley, who was named executive vice president-designate, human resources and administration June 7, 2010, is succeeding Terry [...]

Magma Awarded $10 Million in Department of Energy Grants for Its Soda Lake and McCoy Properties in Nevada

Magma Energy Corp. announce that its US subsidiary, Magma Energy (US) Corp. (“Magma”), has been awarded $10 million in American Recovery and Reinvestment Act funding for two of its Nevada geothermal exploration properties, Soda Lake and McCoy. The grants will reimburse 50 – 80% of Magma’s planned innovative exploration expenditures on those properties over the [...]

Mustang Fuel Corp. Selects Quorum to Manage Gas Marketing Activities

Quorum Business Solutions, Inc., a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that Mustang Fuel Marketing Company has entered into an agreement to license Quorum Gas Marketing to manage its commercial natural gas marketing activities.
“We were in the market for a system to manage [...]