Chevron Welcomes Shell to the Wheatstone Project

Chevron Corporation today announced the signing of agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant. George Kirkland, vice chairman, Chevron Corporation, said, “Chevron is pleased to welcome another participant into the Wheatstone Project.... 

Vitol, Helios and Shell Reach Agreement on African Downstream Businesses

Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell’s shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants... 

Sentry Petroleum President and CEO Discusses Potential World-Class Coal Resource

Sentry Petroleum Ltd today announced the release of a video interview with Dr. Raj Rajeswaran, Sentry Petroleum President and Chief Executive Officer. The interview is available on the company’s web site at http://www.sentrypetroleum.com/presentations/sentry-video-presentations/ Sentry President and CEO, Dr. Rajeswaran is quoted as saying, “We... 

Freezing Weather Brings Unplanned Shutdowns, Reduced Rates to Texas Refineries, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) — The recent spate of below-freezing weather is having its effect on the Refining Industry, particularly in Texas, causing unplanned slowdowns and shutdowns at some of the state’s refineries. The freezing weather conditions have forced an unplanned shutdown at Western Refining Incorporated’s... 

New and Existing Shell $aver Card Holders Can Now Save Even More!

Now, all motorists can save even more on fuel with two Shell $aver Card(SM) offers. New cardholders will be rewarded for activating now with savings of 10 cents per gallon through April 30, 2011. Meanwhile, all cardholders will have a chance to save 22 cents per gallon throughout the year as part of a special racing promotion — “WINsdays... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Flint Hills Resources to Acquire Two Iowa Ethanol Plants

Flint Hills Resources announced plans today to acquire ethanol plants in Iowa Falls and Fairbank, Iowa. Flint Hills Resources signed an agreement yesterday to purchase the plants from Hawkeye Renewables. The deal is expected to close early in the first quarter of 2011. The purchase price will not be disclosed. “We’re very pleased to add the Fairbank... 

Whiting Petroleum Corporation Elects James T. Brown President and COO

Whiting Petroleum Corporation today announced that its Board of Directors elected James T. Brown President and Chief Operating Officer of Whiting Petroleum Corporation, effective January 1, 2011. Mr. Brown joined Whiting Petroleum Corporation in May 1993 as a consulting engineer, became Operations Manager in 1999, was elected Vice President of Operations... 

Orion Energy Systems Receives Esteemed Platts Global Energy Award

Orion Energy Systems Inc. has received the prestigious Platts Global Energy Award for Sustainable Technology Innovation of the Year for its energy efficient and direct renewable technology. The award recognizes the company that has made “the single most innovative technology advance in the area of green technology,” according to Platts.... 

Kia Motors Unveils Next Generation Fuel Cell Electric Vehicle

Kia Motors Corporation’s (KMC) Fuel Cell Electric Vehicle (FCEV) program takes a major technological step forward today with the global unveiling of the all-new Kia Borrego FCEV at the Los Angeles International Auto Show. Numerous innovations including a higher output 154 horsepower fuel cell and a new 450-volts Supercapacitor give the Borrego...