Alon USA to Present at the 2011 Credit Suisse Energy Summit

Alon USA Energy, Inc. today announced that the Company will be presenting at the 2011 Credit Suisse Energy Summit to be held in Vail, Colorado on February 7 – 11, 2011. Jeff Morris, Alon’s Chief Executive Officer, is scheduled to present on Thursday, February 10, 2011 at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). A live broadcast of the presentation will be available online in the Investor Relations section of the Company’s... Read more..

Unique Safety Milestone Celebrated by Colonial Pipeline

Colonial Pipeline today celebrated 10 million hours of employees working without a lost work-time injury. The safety milestone represents more than seven years of employees working safely. In congratulating employees, Colonial CEO Tim Felt reminded that working safely is a job that starts fresh every day. “We are rightfully proud of this accomplishment, which is significant not only to our employees but to the families depending on us,” Felt... Read more..

Honeywell’s UOP and China National Petroleum Corp. to Collaborate on Biofuels Projects in China

UOP LLC, a Honeywell company, announced that it signed a memorandum of understanding with China National Petroleum Corp. (CNPC) under which the two companies will collaborate on a range of biofuels technologies and projects in China. Under the terms of the agreement, announced at the 20th meeting of the China-U.S. Joint Commission on Commerce and Trade (JCCT), the companies will collaborate to demonstrate existing biofuels technology to produce green... Read more..

Petroplus Announces an Incident at its Ingolstadt Refinery

Petroplus Holdings AG announced that an incident occurred at its Ingolstadt refinery. At approximately 23:15 Central European Time (CET) yesterday, a fire occurred at a reflux pump associated with the crude oil unit. Refinery and local emergency response teams responded to the incident and the fire was immediately brought under control and extinguished in about an hour. There were no injuries or reported offsite environmental impacts. There was no... Read more..

Polaris Geothermal Announces Approval of New Tariff and Amendments to Power Purchase Agreement

Polaris Geothermal Inc. announce that its Nicaraguan subsidiary, Polaris Energy Nicaragua S.A., has signed an addendum to the existing Power Purchase Agreement entered into between PENSA and the energy distributor in Nicaragua. The Addendum has also been approved by Nicaraguan utility regulator Instituto Nicaraguense de Energia (“INE”). The key terms of the Addendum are: a) all power generated beyond the present 10MW level will be sold... Read more..

United Refining Company Increases Bank Credit Facility to $130 Million

United Refining Company (United), a leading regional refiner and marketer of petroleum products announces completion of an amendment to its secured revolving credit facility (the facility) led by PNC Bank, N.A., Agent Bank. The amendment increases the facility commitment from $100,000,000 to $130,000,000 effective November 21, 2008. The facility expires on November 27, 2011, and is secured by certain cash accounts, accounts receivable and inventory. This... 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..

SemGroup to Sell Fuel Storage Facility in Wales; Largest Facility of its Kind in U.K. Provides Strategic Location for Distribution to Major Markets

SemGroup, L.P. announced its plans to evaluate offers to sell its wholly-owned subsidiary, SemLogistics Milford Haven Limited, which operates the largest independent fuel storage facility in the United Kingdom. Located in Milford Haven on the west coast of Wales, the facility provides 8.5 million barrels of commercially active storage capacity and serves markets in Europe, the eastern United States and Africa. SemLogistics is not included in SemGroup’s... Read more..

Award-winning Geologist to Announce Hi-Tech Inventions for Smooth Transition to Greener World and Sustainable Economy

Kenneth Hsu Consulting (KHC) announce a Press & Investor Conference at The Geological Society of London on 30th October 2008 at 10am (doors open 9.45am) to present the company’s technological inventions, to alleviate the global water, energy, environmental, climate and economic crises. Wasteful exploitation of Earth’s resources and continuing ecological devastation, has brought the global environment and world economy to a crunch... Read more..

Overseas Shipholding Group Announces New $500 Million Credit Facility for FSO Project

Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, together with Euronav NV (EURONEXT BRUSSELS: EURN) announced today a $500 million senior secured term loan to finance the acquisition of TI Asia and TI Africa by joint venture companies owned equally by Euronav and OSG and the conversion of the ships into FSO (Floating Storage Offloading) service vessels. The vessels are scheduled to deliver... Read more..