History Made with Completion of First Biodiesel Trans-Continental Jet Flight

Leading the way in the biodiesel industry, Lake Erie Biofuels, LLC has made history with co-sponsoring the first ever biodiesel trans-continental jet flight “Green Flight International.” “With Lake Erie Biofuels supporting this project, I had full confidence in the aircraft’s ability to perform at peak capability,” said Green Flight’s Chief Pilot Carol Sugars. Lake Erie Biofuels, an Erie Management Group company,... Read more..

Platts Survey: October OPEC Oil Output Dropped to 32.26 Mil. Barrels Per Day

The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials just released. This is a 210,000 b/d decline from the September level of 32.47 million b/d. Excluding Iraq, production from the 12 members hitherto bound by output agreements fell by 220,000 b/d, to 29.96 million b/d from 30.18 million... Read more..

Raser Technologies Inaugurates Utah Geothermal Plant with Advanced Technology That Can Make Geothermal a Major Source of the U.S. Energy Supply

Raser Technologies, Inc., a leader in geothermal power generation, inaugurated late yesterday its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a major price-competitive resource for this country’s energy supply. The plant’s output has already been committed to supply electricity to Anaheim. The company noted that the Beaver County plant, called Thermo, was... Read more..

Prudential Capital Group Joins Syndicate in Raser’s Thermo Project Financing

Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing helped construct the Thermo geothermal power plant which completed major construction elements last... Read more..

China Solar Photovoltaic SA Files Interim Financial Report with Alternext of Paris NYSE-Euronext

CNPV, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of SPV modules, founded in 2006, today announced that it filed its first half year Interim Financial Report for the year 2008 ended June 30, 2008 with Alternext of Paris NYSE-Euronext on November 3, 2008. The half year Interim Financial Report can be accessed via the investor relations section of the Company’s... Read more..

Enterprise Treemapping Gets Lean with Honeycomb 5.5 from The Hive Group

The Hive Group announces a significant new architecture with its powerful release of Honeycomb 5.5. The world’s leading provider of treemap visualization software now offers more options than ever for enterprise and extranet deployments. Built around The Hive Group’s core generation engine technology, Honeycomb 5.5 leverages common algorithms and functionality, while enabling diverse deployment environments. This approach addresses the... Read more..

Peter Voser to be Next Chief Executive of Royal Dutch Shell plc

The Board of Royal Dutch Shell plc announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial Officer and a Director of the Board since October 2004. “I am delighted to announce Peter Voser as the next Chief Executive of Royal Dutch Shell,” said RDS plc Chairman Jorma Ollila. “Peter has the experience, qualities and personal leadership to drive Shell forward,... Read more..

Quanta Services Names James F. O’Neil President and COO

Quanta Services, Inc. announces that effective today James F. O’Neil, age 50, will serve as president and chief operating officer of the company. In this new position, O’Neil will oversee Quanta’s operations and strategic initiatives across the electric power, natural gas, renewable energy, telecommunications, broadband cable and wireless industries. O’Neil, who most recently served as a senior vice president, joined Quanta... Read more..

Capital Oil & Gas, Inc. Board of Directors Agrees to Acquire and Lease Sixteen Additional Retail Outlets

Capital Oil & Gas, Inc., reported that Senior Management has agreed to acquire/lease sixteen additional retail locations as previously announced and that the outlets will include retail gasoline sales stations including convenience and fast food operations. This action has been sanctioned by the company’s Board of Directors and is viewed by Senior Management as a vote of confidence in its overall strategy of becoming a major retailer of... Read more..

Timken Increases Precision Offerings With New Thin-Section Bearings

The Timken Company announced that it is expanding its offering of thin-section ball bearings to provide a standard line of bearings that can perform with greater precision and resist corrosion. The new bearings have a minimum precision level that meets ABEC 5 and ISO P5 standards for bearing tolerance. Prior to Timken’s introduction of the new series, thin-section bearings meeting these tolerances were not available as a standard offering. The thin-section... Read more..