Conduit Capital Completes Sale of Natural Gas Compression Facility and Pipeline in Mexico for $89.2 Million

Conduit Capital Partners LLC, a private equity investment firm focused on infrastructure investment and development in Latin America and the Caribbean, announced today that it has completed the sale of the Libramiento natural gas compression facility and an associated 65km natural gas pipeline to InterGen. The total value of the transaction, which was originally announced in June, was $89.2 million, excluding the assumption of non-recourse debt. Starting... 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..

Global Clean Energy Holdings Acquires Operating Jatropha Farm in Belize

Global Clean Energy Holdings, Inc., a Los Angeles based biofuel feedstock development and operations company, announced today the acquisition of Technology Alternatives Ltd. (“TAL”), a Belizean based Jatropha producer, for stock and the assumption of existing debt. TAL owns and operates a 400 acre actively producing Jatropha farm in subtropical Belize, Central America. TAL has been performing plant science research for a number of years and provides... Read more..

Echo Satellite Communications, Inc. Inks LOI to Acquire Xeric Oil & Gas

Echo Satellite Communications, Inc. announced that it has entered into a letter of intent to acquire the assets of Houston, Texas-based Xeric Oil & Gas Corp. (“Xeric”). The transaction gives ECSC working interests in more than 200 productive oil, natural gas and water disposal well properties located in Montana, New Mexico and Wyoming. ECSC will continue to operate its satellite communications and remote video surveillance businesses. “We... 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..

GDF SUEZ Completes Acquisition of Econergy International, a Renewable Energy Company

GDF SUEZ Energy International completes the acquisition of Econergy International for roughly 39 million GBP (approximately EUR 50 million). Econergy, a US company listed in the UK, is focused on renewable energy projects in Latin America (mainly) and North America. In addition to developing sustainable energy projects, the company is also actively engaged in the carbon credit markets and provides consulting services on renewable energy, energy efficiency... Read more..

ProEnergy Expands Services

ProEnergy Services continues to expand its single-source capabilities with the addition of EPC Services, which will provide turn-key engineering, procurement and construction services for the power generation industry. Although ProEnergy has offered engineering and construction services throughout its history, EPC Services will expand those capabilities to allow a more focused approach, said ProEnergy President Jeff Canon. EPC Services’ specialists... Read more..

Quadrem to Provide eTendering Technology and Services for SKEC’s USD $2 Billion Gas Train Project

South Korean-based SK Engineering and Construction (SKEC) is using Quadrem solutions to manage sourcing and procurement communications with an international community of 5,000 suppliers. Approximately 300 to 400 tenders are expected to be issued by SKEC to support a gas train project it’s undertaking in the Middle East for a national petroleum company. “We chose Quadrem to handle Web-based sourcing and procurement for this USD $2 billion... Read more..

Quadrem to Provide eTendering Technology and Services for SKEC’s USD $2 Billion Gas Train Project

South Korean-based SK Engineering and Construction (SKEC) is using Quadrem solutions to manage sourcing and procurement communications with an international community of 5,000 suppliers. Approximately 300 to 400 tenders are expected to be issued by SKEC to support a gas train project it’s undertaking in the Middle East for a national petroleum company. “We chose Quadrem to handle Web-based sourcing and procurement for this USD $2 billion... Read more..