Chesapeake Energy Corporation Announces Marcellus Shale Joint Venture and International Unconventional Natural Gas Exploration Alliance with StatoilHydro

Chesapeake Energy Corporation announced the execution of an agreement for a joint venture with StatoilHydro whereby StatoilHydro will acquire a 32.5% interest in Chesapeake’s Marcellus Shale assets in Appalachia for $3.375 billion, leaving Chesapeake with a 67.5% working interest. The assets include approximately 1.8 million net acres of leasehold, of which StatoilHydro will own approximately 0.6 million net acres and Chesapeake will own approximately... Read more..

National Fuel Gas Company to Conduct Financial Analyst Presentation

National Fuel Gas Company will conduct a financial analyst presentation on Tuesday, November 18, 2008, at approximately 12:30 p.m. EDT. The Company will present fiscal year 2008 financial results and operational performance, and discuss future strategic opportunities. Presenting on behalf of National Fuel will be David F. Smith, President and Chief Executive Officer, Ronald J. Tanski, Treasurer and Principal Financial Officer of National Fuel, and... Read more..

ConocoPhillips Contributes $2 Million to The Academy of Medicine, Engineering and Science of Texas

ConocoPhillips announced that it will contribute $2 million over the next four years to the endowment fund for The Academy of Medicine, Engineering and Science of Texas (the Academy). The Academy brings the state’s top scientific, academic and corporate minds together to further position Texas as a national research leader. The Academy also hopes to foster the next generation of scientists, and to increase the awareness and communication among... Read more..

Houston Technology Center Hosts Inaugural Gulf Coast Innovation Conference

The Houston Technology Center (HTC), a business accelerator that assists Houston-based emerging technology companies, is hosting its Gulf Coast Innovation Conference, which will feature presentations from emerging technology companies in the energy, life sciences, nanotechnology, information technology and aerospace technology industries. The conference will be held on Tuesday, November 18, at the InterContinental Hotel Houston. “We are excited... Read more..

GreenMan Technologies, Inc. Subsidiary Awarded More Than $300,000 in Multiple Contracts by State of Iowa

GreenMan Technologies announced that its wholly owned subsidiary, Welch Products, has been awarded 15 new playground surfacing and ADA compliance services projects through its Master Agreement with the State of Iowa. A portion of the funding for these projects is provided by the IDNR Scrap Tire Development Program, whose funding recipients are required to use recycled products derived from Iowa scrap tires. The $300,000 award is split between two... Read more..

Terrabon Dedicates Energy Independence I, an Advanced Biofuels Research Facility in Bryan, Texas

Terrabon, L.L.C. held dedication ceremonies Friday, November 7, for its new Advanced Biofuels Research Facility in Bryan, Texas. The event marked completion of the facility, christened Energy Independence I, which will confirm the scaled-up, commercial feasibility of the Company’s MixAlco(TM) technology. MixAlco converts readily-available, low-cost, non-food biomass into chemicals that can be processed into renewable gasoline. Speaking at the... Read more..

AEP Recognized as Military-Friendly Employer for Sixth Consecutive Year

G.I. Jobs magazine has named American Electric Power one of the nation’s 50 most “military-friendly” employers for the sixth consecutive year. AEP is among only seven companies that have appeared on the publication’s top-50 list each year since it was introduced in 2003. G.I. Jobs helps provide training and career opportunities for veterans and those in transition from military to civilian employment. This year’s honorees... Read more..

Energy Conversion Devices Announces Multi-Year Supply Agreement With Marcegaglia

Energy Conversion Devices, Inc. (ECD), the leading global manufacturer of thin-film flexible solar laminates, and Marcegaglia S.p.A., a leading Italian steel manufacturing company, today announced a combined multi-year supply agreement for UNI-SOLAR® cells. Under the agreement, ECD’s subsidiary, United Solar Ovonic (USO), will supply Marcegaglia with individual photovoltaic (PV) cells for use in integrated commercial roofing products that Marcegaglia... Read more..

Babcock & Wilcox Power Generation Group Names New President

McDermott International, Inc., parent company of The Babcock & Wilcox Company (B&W), announced that Richard L. Killion has been named President and Chief Operating Officer of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG). McDermott’s Board of Directors announced Killion would succeed Brandon C. Bethards, who was named President and Chief Executive Officer of B&W. Killion was previously Vice President and General... Read more..

Williams Exploring Changes in Company Structure to Enhance Shareholder Value

Williams announced that its management and board of directors are evaluating a variety of structural changes in the company to enhance shareholder value. The company expects to announce a specific direction in the first quarter next year. Among the potential changes is the separation of one or more of the company’s principal business units. Williams’ businesses span natural gas exploration and production; gathering and processing; and... Read more..