Reliant Energy Closes on Previously Announced Sale of Northeastern Marketing Assets to Hess Corporation

Reliant Energy has completed the previously announced sale of the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation. Reliant Energy, Inc. based in Houston, provides electricity and energy services to retail and wholesale customers in the United States. The company provides service to approximately 1.8 million retail electricity customers primarily... Read more..

CMAI’s 2009 World Butadiene Analysis Brings Focus to Uncertain Supply & Demand Outlook

Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Butadiene Analysis, an annual global study that covers the future outlook for supply, demand, production, capacity, trade, pricing and profitability of the global butadiene and derivatives industries for the period 2003 to 2013. Included with the analysis is access to CMAI’s online capacity and supply/demand databases with a mid-term update. This analysis is a... Read more..

Zeus Development Corporation Announces “LNG Information Gathering Conference”

Zeus Development Corporation announces its organization of the “LNG Information Conference,” hosted by the State of Israel, to be held December 9, 2008 in Houston, TX, U.S.A. The State of Israel intends to alert the world energy industry of their growing market and learn from leadership within industry of opportunities for LNG supply. The State of Israel, at this conference, hopes to achieve the following: – Provide context for... Read more..

Biofuels Power Agrees to Purchase Decommissioned H.O. Clarke Electric Generating Station in Central Houston

Biofuels Power Corporation announced that it has agreed to purchase the site, infrastructure and equipment of the decommissioned H.O. Clarke Electric Generating Station in central Houston. The purchase includes 79 acres of land at the intersection of Main St. and Hiram Clarke Road, together with all infrastructure, equipment, buildings and other improvements. The terms of the transaction are undisclosed pending the closing which is anticipated before... Read more..

Leading Industry Experts Present 2009 Energy Industry Forecast at Gulf Publishing Company’s Energy Executives Operational Insights Forum

Gulf Publishing Company announced it will hold the next Energy Executives Operational Insights Breakfast Forum on Thursday, December 4 in Houston, Texas. The forum, titled “From Upstream to Downstream: Industry Outlook 2009,” will provide a condensed yet comprehensive picture of the outlook for the entire energy industry for 2009 and beyond. Panelists include a number of industry experts and leaders, including Mari Laino, VP Strategy Planning... Read more..

Reliant Energy to Sell Northeastern Electricity Marketing Assets to Hess Corporation

Reliant Energy announced today it has reached an agreement to sell the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation. These subsidiaries provide electricity and related services to more than 300 commercial and industrial customers in Delaware, Maryland, New Jersey, New York, Pennsylvania and the District of Columbia. Contracts included... Read more..

SulphCo Extends Technology Transfer Agreement with Industrial Sonomechanics

SulphCo, Inc. announced that it has exercised its option to extend the term of the license agreement dated November 9, 2007 with Industrial Sonomechanics, LLC (“ISM”) covering ISM’s patented ultrasound horn and reactor technology. The term has been extended to the date on which the ISM patents expire. Under the terms of the License Agreement, ISM granted SulphCo exclusive worldwide rights to use its patented ultrasound horn and... Read more..

Quorum Signs Two Additional Clients on Pipeline Transaction Management Software

Quorum Business Solutions, Inc. , a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that two natural gas pipeline operators have entered into agreements to implement Quorum Pipeline Transaction Management (QPTM) to manage their pipeline operations. With this, QPTM now manages the operations for dozens of assets. “QPTM increases efficiencies by automating the creation and... Read more..

Meridium Debuts New Asset Health Monitoring Solution

Meridium Inc., the global leader in asset performance management (APM) software and consulting solutions, released its newest solution, Asset Health Indicators, in v3.3.1 of its APM software package. Meridium’s Asset Health Indicator (AHI) solution is an extension to Meridium’s Asset Strategy Management application and provides the ability to define and manage health indicators for asset strategies ensuring that all aspects of equipment... 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..