Magma Awarded $10 Million in Department of Energy Grants for Its Soda Lake and McCoy Properties in Nevada

Magma Energy Corp. announce that its US subsidiary, Magma Energy (US) Corp. (“Magma”), has been awarded $10 million in American Recovery and Reinvestment Act funding for two of its Nevada geothermal exploration properties, Soda Lake and McCoy. The grants will reimburse 50 – 80% of Magma’s planned innovative exploration expenditures on those properties over the next 24 months. At Soda Lake, Magma will apply new oil and gas technology... Read more..

Oilsands Quest announces filing of disclosure documents

Oilsands Quest Inc. announces that it has filed its Form 10-K/A, amended annual report for the fiscal year ended April 30, 2008. In conjunction with the filing of the Form 10-K/A, the Company will be separately refiling, with Canadian securities commissions, its statement of oil and gas information for the year ended April 30, 2008 and the related report of its external qualified resource evaluators and report of the company management and directors... Read more..

Military Licensee Advent Power Systems Delivers Final License Fee to Cyclone Power

Cyclone Power Technologies announced that Advent Power Systems has made its final base payment to Cyclone under its Technology License Agreement. The timely delivery of this license fee secures for Advent the continuing rights to pursue power and motive applications for the Cyclone Engine with the U.S., European and Israeli military establishments, as well as large biomass applications. As Cyclone’s first licensee, Advent has been active over the... Read more..

Northern Offshore Announces New Contract Award for Jackup Energy Enhancer

Northern Offshore, Ltd. announced that its subsidiary, Northern Offshore U.K. Ltd., was awarded a contract with Ithaca Energy (UK) Limited (“Ithaca”), a subsidiary of the Canadian independent oil and gas company Ithaca Energy Inc., for the jackup Energy Enhancer. The one well tie back and completion program in the Jacky Field, Inner Moray Firth, is expected to begin mid-March 2009 and run approximately 20 days, excluding mobilization... Read more..

DTE Biomass Energy Project Begins in Ohio

Bellefontaine Gas Producers LLC today started commercial operation of its landfill gas-to-energy project at the Republic Services-owned Cherokee Run Landfill here. The renewable energy project is owned by Bellefontaine Gas Producers LLC, which is a joint venture between DTE Biomass Energy and Shaw Environmental & Infrastructure Inc. The project, which utilizes three Caterpillar engines for a capacity of 4.8 megawatts, will sell energy produced... Read more..

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..

Key Energy Services to Present at the 2008 Bank of America Energy Conference

Key Energy Services, Inc. announced today that Bill Austin, Key’s Senior Vice President and Chief Financial Officer, will present at the 2008 Bank of America Energy Conference, Friday, November 14, 2008 in Key Biscayne, Florida. The presentation begins at 10:45 am EST and will be available via a live webcast. To access the webcast go to http://www.keyenergy.com and select “Investor Relations”. Key Energy Services, Inc. is the world’s... 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..

Octillion Advances Development of Technologies Capable of Generating Electricity from Moving Vehicles

Octillion Corp., a next-generation alternative and renewable energy technology developer, today announced plans to further Octillion’s development of first-generation devices capable of generating electricity by harvesting energy from vehicles in motion. The Company has entered into an agreement with Veryst Engineering LLC, a respected Boston-based engineering firm with expertise in energy capture technologies. Working with the Office of Naval Research,... Read more..

Groom Energy and Nexus Environmental Partners Join Forces to Bring Sustainability Solutions to Colleges and Universities

Groom Energy Solutions and Nexus Environmental Partners (Nexus) announced a partnership to assist colleges and universities reduce their overall environmental impact as part of the American College and University President’s Climate Commitment. Together, the companies will provide institutions with individual, strategic, multi-year climate commitment plans and roll out the programs and facility upgrades to deliver the reductions. The implementations... Read more..