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..

World Energy and N.serve Conduct Breakthrough Global Certified Emissions Reduction Auction

World Energy Solutions, Inc., an operator of online exchanges for energy and green commodities, today announced N.serve Environmental Services GmbH sold 300,000 primary CERs to Electrabel GDF Suez via the World Green Exchange. The auction was structured to provide bidders with transparency into project characteristics and help N.serve transact with confidence despite volatility in world carbon markets. N.serve and World Energy tailored the transaction... Read more..

South Africa’s Minister of Minerals and Energy Welcomes Denham Capital Investment in BioTherm Energy to Develop Power Generation Business

Denham Capital, a leading energy-focused global private equity firm, announced today that it will invest equity of up to R1,5 billion (US $150 million, 95 million pounds Sterling) in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects. Commenting on Denham Capital’s investment, Buyelwa Sonjica, South Africa Minister of Minerals and Energy said, “Having opened BioTherm’s... Read more..

Argus Launches Price Assessments for Sakhalin Island Vityaz and Sokol Crudes

Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin island. Argus is the first price reporting service to offer daily assessments of Vityaz, whose output is expected to be around 90,000 b/d this year, rising to an expected plateau of 150,000 b/d from 2010. Vityaz is now sent by pipeline to the south of Sakhalin and can be exported without winter ice... 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..

NEMI and Aviva to merge, creating a growth-oriented international coal and energy business.

NEMI Northern Energy & Mining Inc. and Aviva Corporation announce that they have entered into a merger implementation agreement to combine the businesses of the two companies to create a new growth-oriented international coal and energy group. The combined entity will provide investors with exposure to operating and development stage assets across attractive metallurgical and thermal coal projects. The Merger is expected to be completed by... Read more..

Authentix Extends Swaziland Fuel Marking Contract

Authentix, Inc.®, today announced that the African nation of Swaziland has extended its fuel authentication contract with Authentix through 2009. The Authentix program has helped Swaziland increase the sale of legal tax paid fuel by more than 20% and has resulted in a corresponding drop in the number of commercial and retail sites illegally selling smuggled fuel. Swaziland originally implemented the Authentix program in 2004 to combat wide scale... Read more..

SolarWorld to Showcase High-Capacity Technologies at Solar Power International

SolarWorld, a world leader in high quality solar power technology, today announced it will exhibit at this year’s Solar Power International event — the United States’ largest and most prestigious solar conference and exhibition. SolarWorld is located in booth #1613 and will be sharing information on its expansions in production, green jobs and safe investments in solar installations here in the Americas. The show takes place in San... Read more..

Fuel Efficient Couple En Route To Break Guinness World Record for Lowest Fuel Consumption

Two of the world’s most fuel efficient drivers, John and Helen Taylor, are a third of the way through their attempt to break the current world record for lowest fuel consumption across the 48 contiguous United States. Today they will be driving into their ninth day, passing through the northern states of the Great Plains, including South Dakota, North Dakota and Montana. To help them along the way, they are driving the all-new, 50-state-compliant... Read more..