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Random News from Tambang.Org

Alternative Energy Partners (AEGY) Obtains $8M Funding

Alternative Energy Partners,a provider of comprehensive alternative energy solutions, announces that it has received a commitment for $8M in funding. The funding was arranged by Alternative Energy Partners’ (“AEGY”) parent company, Healthcare of Today, Inc., and will be used for working capital and acquisitions. Per the terms of the financing agreement, there will be no [...]

Beacon Power Announces Testing of First Megawatt of Flywheel Energy Storage

Beacon Power Corporation, a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that it has built and tested an integrated matrix of ten high-power flywheels that operated together to absorb and supply a full megawatt of electricity. The system, located in Beacon’s Tyngsboro [...]

Hercules Offshore, Inc. Announces Investment in Discovery Offshore S.A.

Hercules Offshore, Inc. announces an investment of $10 million in Discovery Offshore S.A. (“Discovery Offshore”), a newly formed Luxembourg-based company, focused on ownership of ultra high-specification jackup rigs. Discovery Offshore will construct two ultra high-specification jackup rigs, with options for two additional jackup rigs, at Keppel FELS in Singapore. Hercules Offshore will also [...]

Calpine to Receive $97 million from Rosetta Resources to Settle Claims

Calpine Corporation announced a settlement with Rosetta Resources, Inc. of all claims related to Calpine’s July 7, 2005 sale of substantially all of its oil and gas business to Rosetta. The settlement provides for a $97 million payment to Calpine from Rosetta and the conveyance of certain residual oil and gas properties by Calpine to [...]

(NVAE) Savanna East Africa’s New CEO Lieutenant Colonel (Ret.) Randell Torno Deploys to Nairobi, Kenya

Savanna East Africa, Inc. today announced newly appointed Chief Executive Officer, Lieutenant Colonel (Retired) Randell Torno will travel to Nairobi, Kenya to review and advance the Company’s interests in East Africa. LTC Torno departs tomorrow with an extensive agenda topped with advancing the Company’s multiple pending acquisitions.
LTC Randell Torno
LTC Torno has extensive experience in East [...]

MarkWest Energy Partners Announces Public Offering of Common Units

MarkWest Energy Partners, L.P. announced today that it is commencing a public offering of 3,000,000 common units. The Partnership has granted the underwriter a 30-day option to purchase a maximum of 450,000 additional common units to cover over-allotments, if any. The Partnership intends to use the net proceeds from the offering, as well as any [...]

Knife River Outsources Fuel Management to FuelQuest

FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, announced today that Knife River Corporation has chosen FuelQuest’s Fuel Management Services to provide centralized control and management of its fuel procurement. As the eighth largest aggregates producer in the U.S., Knife River operates a multitude of sites across 17 [...]

Westport Innovations Inc.: CleanAir Logix Orders Heavy Duty LNG Trucks for Operation at Port of Oakland

Westport Innovations Inc., a global leader in alternative fuel, low-emissions transportation technologies, announced today that CleanAir Logix of Oakland, California has ordered 9 Kenworth T800 heavy-duty liquefied natural gas (LNG) trucks, featuring Westport’s High Pressure Direct Injection (HPDI) technology, for deployment at the Port of Oakland. The Port will use the trucks for hauling containers [...]

Sheetz Chooses Triple Point Oil Trading and Risk Management Software

Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Sheetz, Inc., one of the largest gas and convenience store operators in the US with $3.8 billion dollars in annual revenue, has selected Commodity XL for Oil™ to manage wholesale gasoline procurement, hedging programs and supply [...]

Zongshen PEM Power Systems Inc. Announces Amendment to Master Support Agreement with Zongshen Industrial Group

Zongshen PEM Power Systems Inc., announced that it has reached an amending agreement (the “Amendment”) with its major shareholder, Zongshen Industrial Group (“ZIG”) to amend the Master Support Agreement (“MSA”) which was signed and announced in January 2008.
The Amendment grants ZPP the exclusive global rights to the production and sale of low emission gas motorbikes [...]