United Refining Company Increases Bank Credit Facility to $130 Million

United Refining Company (United), a leading regional refiner and marketer of petroleum products announces completion of an amendment to its secured revolving credit facility (the facility) led by PNC Bank, N.A., Agent Bank. The amendment increases the facility commitment from $100,000,000 to $130,000,000 effective November 21, 2008. The facility expires... 

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... 

Energy Management in Oil Refineries – What Is Driving It and Where Do the Opportunities Lie?

Frost & Sullivan’s Energy & Power Systems practice in Asia Pacific will host an analyst briefing via webinar on Energy Management in Oil Refineries on November 18th 2008 at 11:00 hrs (GMT +08:00hrs) Singapore time. 2008 has been the most dramatic and dynamic year for global energy prices. The volatility of oil prices has demanded agonizing... 

Rising Oil Prices and Energy Security Issues Heighten Interest in Fuel Cell Electric Vehicles

Increasing oil price and growing concerns over energy security are helping accelerate the development and commercialization of fuel cell electric vehicles (FCEVs). Federal and local governments have been proactively funding fuel cell technology and in the medium term, there would be rigorous developments in fuel cell technology, standardization of production... 

Dow Announces Energy Plan for America

The Dow Chemical Company called for a bolder, comprehensive, bipartisan national energy policy that will help stabilize prices, strengthen the economy, increase security, clean the environment and revitalize U.S. manufacturing with the release of Dow’s Energy Plan for America. “The new Administration and Congress will need to implement a... 

Marine Energy Market: Huge Potential for the UK

Global warming, energy security and rising oil prices have resuscitated the marine energy sector. Ocean energy is a predictable and abundant source of energy with the ability to supply approximately 10% of the world’s electricity needs. The value of worldwide electricity revenues from wave and tidal stream projects could ultimately be between... 

Green Energy Upgrades Make Corporate Office a Net Energy Producer

RCG LLC, developer of East Mill, and tenant Nexamp, Inc., a veteran-owned energy and carbon solutions company, recently completed extensive onsite renewable energy and energy efficiency improvements. These green energy upgrades make Nexamp’s corporate office a “beyond zero net-energy” workplace: a rare facility that produces more energy... 

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,...