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Random News from Tambang.Org

U.S. issues second post-spill drill permit in Gulf

The government has given BHP Billiton the second new permit to drill in the Gulf of Mexico since the Macondo oil spill, the Bureau of Ocean Energy Management said Saturday.
A BHP spokesman confirmed that the new permit has been issued for resumption of drilling of a production well at Shenzi.
BOEMRE issued the first new permit [...]

Hong Kong Highpower Technology Announces Groundbreaking on New Ni-MH Battery Manufacturing Facility

Hong Kong Highpower Technology, Inc., a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products, today announced the groundbreaking of its new Ni-MH battery manufacturing facility in Huizhou, Guangdong Province, China and commencement of building construction on site plans that have been environmentally certified.
In February 2007, the Company acquired [...]

John E. Crisp Announces Acquisition of Common Shares of Forbes Energy Services Ltd.

On September 11, 2008 John E. Crisp, President and Chief Executive Officer of Forbes Energy Services Ltd., acquired 10,000 common shares of Forbes through the facilities of the Toronto Stock Exchange. Mr. Crisp beneficially owns, or exercises control and direction over, directly or indirectly, an aggregate of 10,000 Common Shares as at the date hereof. [...]

True Energy Trust Confirms September Distribution & Announces Increase to Exchangeable Share Ratio

True Energy Trust confirms that the cash distribution for the month of August will be $0.04 per unit, to be paid on September 15, 2008 to all unitholders of record as at August 29, 2008. The ex-distribution date for this payment is August 27, 2008. This distribution announcement is consistent with the guidance provided in [...]

Sustainable Oils Adds Mike Waring to Montana Camelina Production Team

Sustainable Oils has added a veteran Montana agriculture professional to its team focused on building camelina production and marketing opportunities for farmers. Mike Waring joined the company on October 1 as territory sales manager focused on Montana and North Dakota. Waring will be responsible for contracting camelina production acres and providing technical and agronomic assistance [...]

Tendril Teams with Whirlpool Corporation to Usher in New Era of Smart Appliances

Tendril, a leading energy platform company, and Whirlpool Corporation , the world’s leading appliance maker, unveiled a relationship that sets the stage for the rollout of smart home appliances in the U.S. The Tendril platform has the capability to support millions of smart appliances in homes across America.
Tendril will provide the back-end technology infrastructure [...]

Enhanced Oil Resources Inc. Announces New US $25 Million Bank Credit Facility with Regions Bank.

Enhanced Oil Resources Inc. today announced that two of its wholly-owned U.S. subsidiaries have executed a reducing revolving Credit Facility with Regions Bank, Houston, Texas providing for up to US $25,000,000 in development financing for its oil and gas properties located in New Mexico. The new Credit Facility provides an initial borrowing base of [...]

Vanner Selects Maxwell Technologies Ultracapacitor Modules for Retrofit Cold Starting System for Chicago Transit Buses

Vanner Inc., a manufacturer of electrical power conversion products, has selected Maxwell Technologies’ BOOSTCAP® ultracapacitor modules to provide burst power for a retrofit diesel engine starter system that Vanner has won a contract to install in Chicago transit buses.
David Schramm, Maxwell’s president and chief executive officer, said that Vanner is purchasing 460 16-volt BMOD0500 modules [...]

SolFocus Announces Leading 25% Efficient Concentrator PV (CPV) Systems

SolFocus today announced its latest Concentrator Photovoltaic (CPV) solution — the SolFocus 1100S. This new CPV system achieves panel efficiencies of 25% resulting in systems which produce the highest energy density and highest energy yield of photovoltaic systems available today. SolFocus customer EMPE Solar will deploy the SolFocus 1100S in its recently announced 10 megawatt [...]

Market flat, pares losses from jobless claims

U.S. stocks were little changed on Thursday, paring losses after weaker-than-expected jobless claims and helped by a rise in Marathon Oil.
Contributing to the weakness was a sharp drop in shares of Merck on disappointing drug trial news. The drugmaker was the biggest percentage decliner on the S&P 500.
Weekly initial claims for unemployment benefits rose the [...]