Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Petro One Calls Meeting to Ratify Shareholder Protection Rights Plan

Petro One Energy Corp. announced that the Board of Directors had approved the adoption of a shareholder protection rights plan (the “Plan”), also known as a “poison pill”. The fundamental objectives of the Plan are to provide adequate time for the Board of Directors and shareholders to assess the merits of any unsolicited take-over... 

Alpha Natural Resources and Massey Energy Agree to $8.5 Billion Combination

Alpha Natural Resources, Inc. and Massey Energy Company announced today that they signed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock, subject to customary closing conditions including stockholder approval of both companies. Under the terms of the agreement, Massey stockholders will receive, at... 

Denbury Completes Sale of its Interests in Encore Energy Partners LP; CO2 Injections Commence at Hastings Field

Denbury Resources Inc. today announced that on December 31, 2010 it closed the previously announced sale of its ownership interests in Encore Energy Partners LP (NYSE:ENP – News) (“ENP”) to Vanguard Natural Resources, LLC (NYSE:VNR – News) (“Vanguard”). Denbury sold to Vanguard 100% of its interest in ENP’s general partner and... 

AM Oil Resources & Technology Acquires Build Biodiesel Technology to Create Energy Diversity

AM Oil Resources & Technology Inc., announced that it has just completed design drawings to build a mobile bio-diesel device. The Company’s design is a mobile biodiesel production plant, capable of producing 2,000 to 3,000 gallons of biodiesel per week. The designed plant fits into a standard truck-trailer with dimensions 8 feet wide by 45 feet... 

Powertech Acquires Additional Land at Dewey-Burdock

POWERTECH URANIUM CORP. announce that, through its wholly owned subsidiary Powertech (USA) Inc., it has entered into an Agreement with Neutron Energy Inc. to exchange some of the Company’s non-core properties in New Mexico, Wyoming, and South Dakota for acreage located within and adjacent to Powertech’s Dewey-Burdock project in South Dakota. The... 

NACEL Energy Updates Channing Flats Texas Wind Energy Project

NACEL Energy Corporation, a wind power company in business to generate clean, renewable energy, today confirmed it has commenced the collection of site specific wind measurement data at its Channing Flats project site in Moore County, Texas, with the installation of a 60 meter (200 ft.) NRG Systems meteorological tower transmitting data back to NACEL... 

Atlantic Energy Solutions Partners With Evolution Solar on Solar Panels

Atlantic Energy Solutions, Inc. announce they are in negotiations to make Evolution Solar Corporation their provider of photovoltaic (PV) panels for several of Atlantic Energy’s current solar energy efficiency projects. After conducting extensive research with a number of global manufacturers of PV panels, Atlantic Energy has concluded that securing... 

Dynamotive Signs Agreement for Development of Plant in China

Dynamotive Energy Systems Corporation announced that it had entered into a commercial agreement to support the development of a pyrolysis plant in China based on its proprietary technology. In accordance with the agreement, Dynamotive will provide process and engineering support for the development of a plant to be located in the Henan province in the... 

Southern Pacific Completes Engineering Study and Commences Formal Consultation for Its First SAGD Project

Southern Pacific Resource Corp. announce that it has completed an engineering Design Basis Memorandum (DBM) and cost estimate for its first in-situ steam assisted gravity drainage (SAGD) project. The DBM defines the important project design conditions, production forecasts, facility specifications and process flow. Also included within the DBM is a...