BIO Urges EPA to Complete Sound Scientific Review Before Publishing Greenhouse Gas Emission Estimates for Biofuels

The U.S. Environmental Protection Agency must establish a sound, science-based model for measuring net greenhouse gas emissions related to biofuels production before releasing estimates that may understate the positive role biofuels play in reducing climate change emissions. The Biotechnology Industry Organization (BIO) today released a letter sent... 

Argus Launches Price Assessments for Sakhalin Island Vityaz and Sokol Crudes

Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin island. Argus is the first price reporting service to offer daily assessments of Vityaz, whose output is expected to be around 90,000 b/d this year, rising to an expected plateau of 150,000 b/d from... 

ICIS Expands its Global Biofuel Coverage With Additional Price Quotes

ICIS pricing, the world’s largest information provider for the chemical and oil industry, has enhanced its US and European biofuel price reports with new quotations to reflect the growing demand and trade flows of biofuel globally. The new quotes reflect the diversity of a fast moving market which is driven by legislation, progress in technology,... 

Major Potential Changes Seen in U.S. Energy Policy after 2008 Election

The 2008 presidential election will mean major changes in United States energy policy. William F. Weld, partner advising on government strategies and energy policy for the law firm of McDermott Will & Emery and a former two-term governor of Massachusetts, believes that the biggest impact will come on two issues: climate change (global warming)... 

Premium Petroleum Corp.: Continues to Seek up to $5,000,000 in Financing to Tie-in Existing Wells and to Fund Additional Drilling

Premium Petroleum Corp. continues to pursue financing alternatives. Debt, equity, and joint venture options are being reviewed. The financing proceeds will be used to: equip and tie-in our Viking gas well (9-22); (approximately 1100 yards to the tie-in point), to test, complete, equip, and tie-in our Upper Grand Rapids Flowing Oil Sands well (14-15);... 

Freedom Watch Attorney Larry Klayman Serves Complaint on OPEC Oil Minister

In a bold stroke worthy of a process server’s academy award, Freedom Watch Chairman and Chief Legal Counsel Larry Klayman leapt out from a line of TV cameras Friday to serve a complaint on an OPEC oil minister. The lawsuit filed on behalf of Freedom Watch in Southern District, Miami, Florida, charges OPEC with illegal price fixing, market division... 

Rosetta Resources Inc. Reaches Settlement With Calpine Corporation and Provides Reserves and Impairment Update

Rosetta Resources Inc., an independent oil and gas company, today announced it has reached an agreement to settle its pending litigation with Calpine Corporation. The agreement will allow Rosetta to complete the transaction by which it purchased Calpine’s oil and gas business on July 7, 2005. The agreement will also extend the contract by which... 

Diversified Energy(R) Demonstrates Innovative Glycerol Combustion System, Files Patent, and Engages Commercialization Partners

Diversified Energy Corporation announced the successful demonstration of a combustion system that offers the global biodiesel industry an economically attractive use for crude glycerol. Under an exclusive worldwide license to Diversified Energy®, the breakthrough system developed by North Carolina State University can safely and efficiently burn the... 

CMAI Completes 2009 World Methanol Analysis

Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Methanol Analysis. Published annually, this study provides information on supply, demand, production, history and forecasts for methanol capacity, trade, technology analysis and price forecasts. The analysis leverages all of CMAI’s worldwide consultants to offer... 

Alternative Fuel Technologies Inc. Announces Contract With Korean Customer

Alternative Fuel Technologies Inc. announce that it has secured a contract with a Korean entity to supply 4 DME fuel feed pumps for laboratory research. The pumps are scheduled for delivery in 2008. Korea is very interested in adopting DME as a replacement for diesel fuel and views DME as an economic means by which the country may improve air quality...