Harvest Operations Announces $1.4 Billion Capital Budget

Harvest Operations Corp. announced today that its Board of Directors has approved a budget for 2011 that includes an $1.4 billion capital expenditure program intended to boost upstream production and improve downstream operational efficiencies. John Zahary, Harvest’s President and Chief Executive Officer, said, “In 2011, our plan is to continue... 

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... 

Honeywell Refrigerant Helps Homeowners Convert the Sun’s Heat Into Power

Honeywell announced today that its Genetron® R-245fa refrigerant is being used to help homeowners generate electricity from the sun’s heat while offsetting energy costs. Honeywell’s energy-efficient refrigerant is being used in an organic rankine cycle (ORC) called the 35Z Micro Power Plant, manufactured by Germany-based Turbolina GmbH... 

OriginOil Announces the Completion of Phase 1 Research Project with Department of Energy’s Idaho National Laboratory

OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced the completion of Phase 1 of a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s Idaho National Laboratory (INL). OriginOil... 

Foster Wheeler to Supply Heat Recovery Steam Generator in Spain

Foster Wheeler Ltd. announced that a subsidiary of its Global Power Group has been awarded a contract for a heat recovery steam generator (HRSG) by UTE IBERESE-SOMAGUE — a business alliance formed between Iberese and the constructor, Somague, a Portuguese subsidiary of the Spanish construction group Sacyr Vallehermoso. The boiler will be integrated... 

FMC Technologies Awarded $45 Million Contract for StatoilHydros Heidrun North Project

FMC Technologies, Inc. announced that it has been awarded a contract from StatoilHydro for the manufacture and supply of additional subsea equipment for its Heidrun North project, located in the Norwegian Sea. This contract, valued at approximately $45 million in revenue, is a call-off from a previously announced frame agreement signed in 2007 with... 

PetroSun Announces Expansion of Fuel Products Line

PetroSun, Inc. announced that PetroSun BioFuels Marketing, a wholly owned subsidiary, has expanded its fuel products line through an agreement with Intelaform, Inc. of Germantown, Maryland. The agreement includes D2, JP54 and M100 for spot and twelve-month contracts. PetroSun BioFuels Marketing will continue to provide B99, B20 and B5 biodiesel to domestic... 

Wescorp Energy Announces Excellent Results From Independent Verification Testing of H2Omaxx Water Remediation Technology

Wescorp Energy Inc., an oil and gas technology solutions provider, is pleased to announce excellent results from the independent verification testing that was recently completed on Wescorp’s H2Omaxx water remediation unit. H2Omaxx is the branding name of Wescorp’s water remediation unit that consistently provides safe, effective and economical... 

Platina Energy Group Reports Hydrocarbon Validation in Kentucky

Platina Energy Group, Inc. reports Magnetic Resonance Detection interpretation by David Shroff, PE, further validating and quantifying oil and gas reservoirs in Kentucky. This same engineer has a substantial history including 120 prior successful well evaluations. Additionally, the Company has retained the unique completion services of a proprietary... 

Dresser-Rand Invests In the Development of Game-Changing Compressor Technology Focused on Green Energy

Dresser-Rand Group Inc. announced that Dresser-Rand has made an investment in Ramgen Power Systems, LLC, and further expects to support Ramgen’s ongoing development work. Dresser-Rand’s funding will help satisfy Ramgen’s requirement with the Department of Energy’s National Energy Technology Lab to obtain private matching funds...