Helix Announces Departure of COO

Helix Energy Solutions Group, Inc. announced today that Bart Heijermans has resigned as Executive Vice President and Chief Operating Officer effective January 21, 2011. Mr. Heijermans’ duties will be assumed by Owen Kratz and other members of senior management. Owen Kratz, Helix’s President and Chief Executive Officer, stated “Since Bart joined the company in 2005, he has played a prominent role in developing Helix’s contracting... Read more..

Ivara Corporation Announces Russian Reseller Agreement with CBE

Ivara Corporation, the industry leader and innovator in asset performance management solutions, today announced a reseller partnership with KB Energoavtomatika (CBE). Under the agreement, CBE will focus its efforts to resell and provide implementation services for Ivara® EXP Enterprise asset performance management software to companies in the Russian and CIS energy market. The agreement supports Ivara’s strategy to expand the company’s global... 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..

Strategy Analytics Sees Emerging Consumer Energy Market Opportunities

In a recent six country study of consumers and their evolving energy strategies, French consumers showed the greatest interest in reducing their carbon footprint and improving the energy efficiency of their homes and cars. Covering the UK, France, Germany, Italy, Spain, and the US, this Strategy Analytics report, “Benchmarking Consumer Energy Profiles – Strategic Implications,” examined the relationship between conservation attitudes and both... Read more..

Marine Energy Market: Huge Potential for the UK

Global warming, energy security and rising oil prices have resuscitated the marine energy sector. Ocean energy is a predictable and abundant source of energy with the ability to supply approximately 10% of the world’s electricity needs. The value of worldwide electricity revenues from wave and tidal stream projects could ultimately be between pounds sterling 60bn (euro 77.40bn) and pounds sterling 190bn (euro 245.10bn) per year. The United Kingdom... Read more..

Ocean Power Technologies Wins New $3 Million Contract from US Navy

Ocean Power Technologies, Inc. announce that it has been awarded a new $3 million contract for participation in the second phase of the US Navy’s Deep Water Active Detection Systems (“DWADS”) program, which is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications using multiple PowerBuoys® for homeland security including powering sensor networks over wide areas... Read more..

Constellation Energy Provides Update on Liquidity and Strategic Initiatives

Constellation Energy provided an update on its previously announced plans to increase available liquidity and reduce risk in its commodities businesses. Constellation Energy announced that the closing of the previously announced credit facility has been extended to no later than Nov. 26 and currently expects to receive total commitments from the banks of approximately $1.0 billion to $1.25 billion. The company also announced that it is exploring other... Read more..

NovusEdge, Inc. Signs on as Member of the NewEnergy Alliance(SM)

NovusEdge, Inc. announced today that it has officially joined the NewEnergy Alliance(SM), a group committed to driving innovation in the building automation industry that will create smarter, more Energy Responsive Buildings(SM). Together, Alliance participants are working to forge a new electricity load response model that will surpass the current utility-driven demand response offerings and provide customers with more control over their energy costs. “The... Read more..

Exelon Details the Value Creation Opportunities in an Exelon-NRG Combination

Exelon Corporation today filed with the Securities and Exchange Commission and posted to its Web site a presentation for investors with additional details on the value that would be created by its offer to acquire all of the outstanding common stock of NRG Energy, Inc. in an all-stock transaction. “The combination creates clear and compelling value for both Exelon and NRG shareholders,” said Chris Crane, president and COO, Exelon. “It provides... Read more..

Renew Energy Resources’ Legacy Oil, Florida Signs Production Partnership Term Sheet with Alabama Based EnerSight Fuels, Inc.

Renew Energy Resources, Inc., announced that its wholly owned subsidiary, Legacy Oil, Florida, (Legacy) has executed a term sheet for a production partnership including a long term feedstock supply agreement for recycled waste vegetable oil (RWVO) with EnerSight Fuels, Inc (EnerSight). As part of Renew’s vertical integration business model, Renew has found a feedstock supply partners that can supply material and bring other resources to the partnership.... Read more..