TNK-BP partners reject BP’s Rosneft olive branch

BP’s partners in Russian joint venture TNK-BP have rejected a peace proposal by the British oil major to involve them in talks on joining a disputed BP alliance with Russia’s Rosneft. The TNK-BP board met in Paris on Saturday to consider a new proposal from BP’s representatives concerning a partnership with Rosneft, Russia’s top crude producer. “A proposal by BP’s nominated directors which would have allowed TNK-BP... Read more..

Petrolia and its Partner Sign Final Agreement

Petrolia and Quebenergie are pleased to announce their partnership to bring the Haldimand oilfield into production. To consolidate its role within the province, SCDM Energie, through its subsidiary SCDM Investcan, created a Quebec-based subsidiary by the name of Quebenergie, with offices to be located in Quebec. This presence demonstrates the company’s long-term commitment to Quebec and will contribute to improving synergies with Petrolia. In... Read more..

EM Resources Announces Update on Status of Amalgamation With Condor Petroleum Inc.

EM Resources Inc. announces that it has agreed with Condor Petroleum Inc. to extend the amalgamation deadline prescribed in the pre-amalgamation agreement dated July 25, 2008 from December 31, 2008 to June 30, 2009. On July 25, 2008, EM announced that it entered into a pre-amalgamation agreement with Condor, an arm’s length private Alberta corporation, pursuant to which EM and Condor have agreed to amalgamate conditional upon, among other things,... Read more..

Homeland Energy and GMR Extend Share Delivery Date to Finalize Alternative Transaction

Homeland Energy Group Ltd. announces that GMR Energy Limited, of Bangalore India, and Homeland Energy have agreed to a further extension of the completion date by which Homeland Energy Corp. must complete the repurchase of the shares of the Company’s South African operations from GMR. The extension to February 7, 2009 is expected to allow the Company to finalize an alternative commercial solution with GMR or another party. Any alternative arrangement,... Read more..

B&W Subsidiary Awarded Boiler Refurbishment Contract at Indonesia Power Plant

McDermott International, Inc. announced that a subsidiary of The Babcock & Wilcox Company, has been awarded a contract to refurbish two B&W Radiant Tower-type boilers at the Suralaya Steam Power Plant on Java Island, Indonesia. B&W will redesign and supply superheater and reheater surface, low NOx combustion systems, pulverizer performance enhancements, and other boiler upgrade equipment. The contract was signed with Marubeni Corporation,... Read more..

Suntech Solar Panels to Power Largest PV Solar Project in the Middle East

Suntech Power Holdings Co., Ltd., the world’s leading manufacturer of photovoltaic (PV) modules, announced it has supplied 5MW of Suntech solar panels for a 10MW solar electricity system to power Masdar City, the world’s first carbon neutral city being built in Abu Dhabi, United Arab Emirates. The panels will form part of the largest solar plant in the Middle East and is being built and designed by leading Abu Dhabi based solar power system... Read more..

Verenium Announces First Commercial Cellulosic Ethanol Project

Verenium Corporation, a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, announced plans to build its first commercial-scale cellulosic ethanol facility in Highlands County, Florida. The Company has entered into long-term agreements with Lykes Bros. Inc., a multi-generation Florida agri-business to provide the agricultural biomass for conversion to fuel. Verenium also announced that the Highlands... Read more..

Opcon Enters into Cooperation Agreement in Japan Regarding Opcon Powerbox

Opcon has entered into a cooperation agreement with the Japanese company Miura Co. with around 2,000 employees and with recorded sales of over JPY 70 billion in 2007. The agreement is part of a broad investment for growth. In time, the aim is to conclude a distribution and resale agreement between Opcon and Miura regarding Opcon Powerbox. Miura’s principal business focuses on sales of steam and hot water boilers to heavy industry, shipping companies,... Read more..

Powertech Acquires Additional Land at Dewey-Burdock

POWERTECH URANIUM CORP. announce that, through its wholly owned subsidiary Powertech (USA) Inc., it has entered into an Agreement with Neutron Energy Inc. to exchange some of the Company’s non-core properties in New Mexico, Wyoming, and South Dakota for acreage located within and adjacent to Powertech’s Dewey-Burdock project in South Dakota. The acreage to be acquired from Neutron by Powertech consists of approximately 1,620 acres of claims... Read more..

Terra-Gen Power, LLC Acquires Renewable Energy Projects from Airstream Energy, LLC

Terra-Gen Power LLC,, a wholly-owned affiliate of ArcLight Capital Partners, announced today that, through an affiliated project company, it has acquired a portfolio of six wind projects from Airstream Energy LLC. The projects, which are located in Wyoming, Nebraska, Colorado, Kansas and New Mexico are in various stages of development and, when fully constructed, are expected to generate and sell approximately 2500MW of wind energy. In addition, Terra-Gen... Read more..