Universal Energy Corp. Launches Aggressive 2009 Acquisition Plan

Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today the launch of its acquisition plan for 2009. “The decline in commodity prices over the past few months has brought about opportunities like I’ve never seen before,” commented Billy Raley, Chief Executive Officer of Universal Energy... 

Aspen Aerogels Delivers Aerogel Insulation to Technip for Subsea Natural Gas Pipeline in Brazil

Aspen Aerogels has completed delivery of Spaceloft advanced thermal insulation to Technip for a 21-kilometer subsea natural gas pipeline off the coast of Brazil. Technip is building the rigid pipeline for the Brazilian state-run oil company Petrobras. The line will connect the Canapu field (1,700 meters deep) to the Cidade de Vitoria floating production... 

Precision Petroleum Corporation to Purchase Up to 50% of the Powder River Basin Project

Precision Petroleum Corporation has consummated an agreement with Nitro Petroleum Incorporated as of January 28, 2009 pursuant to its letter of intent for the exploration of oil and gas properties in the Northeastern Province of the Powder River Basin project. Precision Petroleum Corporation is very encouraged with the execution of this agreement due... 

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... 

Biofuels Power Announces Pilot Biomass Power Generation and Carbon Sequestration Project to Help with Hurricane Ike Cleanup

Biofuels Power Corporation announced that it will manage a project to use wood chips and other refuse from Hurricane Ike cleanup activities in the metro Houston area to fuel a pilot scale power generation and carbon sequestration project that will be connected to the ERCOT grid and provide up to 4 MW of low cost green electricity for Houston. The other... 

Authentix Extends Swaziland Fuel Marking Contract

Authentix, Inc.®, today announced that the African nation of Swaziland has extended its fuel authentication contract with Authentix through 2009. The Authentix program has helped Swaziland increase the sale of legal tax paid fuel by more than 20% and has resulted in a corresponding drop in the number of commercial and retail sites illegally selling... 

Geothermal Energy Improves U.S. Oil Recovery

Ormat Technologies, Inc. announces the successful co-production of geothermal power at a producing oil well. This project marks the first of its kind by providing onsite fuel free power that will increase the productivity and possibly extend the longevity of existing U.S. oil fields. Ormat, in a joint project with the Department of Energy (DOE) at the... 

Gulfport Energy Updates Operations Following Hurricanes

Gulfport Energy Corporation announced that all four tank batteries at its West Cote Blanche Bay (“WCBB”) field were operational as of October 10, 2008. Total company production from October 11 to October 16, 2008 averaged approximately 5,784 barrels of oil equivalent per day (“BOEPD”) as compared to average production of 5,669... 

Venoco, Inc. Announces Exercise of Option

Venoco, Inc. announced that Denbury Resources Inc. has elected to exercise its option to purchase the Hastings complex from Venoco. Denbury and Venoco also entered into an amendment to the option agreement extending by one year certain of Denbury’s performance commitments with respect to implementing a CO2 flood in the Hastings complex. “This... 

Opsens retains Barnes McInerney to act as investor relations consultants

Opsens Inc. announced that it has engaged Barnes McInerney Inc. (BMI) of Toronto to provide strategic investor relations consulting services. BMI offers a fully integrated suite of products, focusing on strategic investor relations, initial public offerings, mergers & acquisitions, roadshow marketing, corporate communications and new media solutions. “Barnes...