Oil/Gas
Give The Gift of Warmth This Holiday Season
Help those less fortunate stay warm this winter by making a donation to PECO’s Matching Energy Assistance Fund (MEAF). All donations are matched dollar for dollar by PECO.
Hess Announces Commencement of JDA Phase 2 Gas Sales
Hess Corporation (NYSE: HES) announced today that on November 12 natural gas sales commenced from the Phase 2 development of Block A-18 in the Malaysia-Thailand Joint Development Area (JDA), in the Gulf of Thailand. Hess Corporation and Petronas Carigali each have a 50 percent working interest in Block A-18.
Brookfield Properties Renews 717,000-Square-Foot Lease with Imperial Oil in Calgary
Brookfield Properties Corporation (BPO: NYSE, TSX) and its Canadian-based subsidiary, BPO Properties Ltd. (BPP: TSX), today announced that Imperial Oil has renewed its lease and expanded its premises by 83,670 square feet at Fifth Avenue Place in Calgary.
New Nexant Study Profiles Brazilian Biofuels Industry
A new ChemSystems® Special Report published by Nexant—Brazil's Biofuels Industry: Outlook for a Global Leader—assesses the technical, commercial and policy status of existing and anticipated biofuel and biofuels-related activities in Brazil, and draws conclusions on opportunities and challenges in the industry. It also forecasts changes to come, considering critical elements of the Brazilian biofuels supply chain. The study examines related markets, such as distillers grains and flexible-fuel and dedicated ethanol vehicles, and profiles Brazil from a global perspective, highlighting local opportunities as well as key issues for companies considering investment options worldwide.
Research and Markets: A 2008 Report on the Chinese Benzene Market Describing the Challenges to the Market
Research and Markets (http://www.researchandmarkets.com/research/ef2009/china_benzene_mark) has announced the addition of the "China Benzene Market Report, 2008" report to their offering.
Avalon Oil & Gas Reports Record Revenues for the Six Month Period Ending September 30, 2008
Avalon Oil & Gas, Inc., (Avalon) (OTCBB: AOGN) has reported its financial results for the six months ending September 30, 2008. In the Form 10-QSB the Company filed with the Securities and Exchange Commission (SEC), Avalon reported revenues for the six month period of $247,865, a 147% increase over the comparable period in 2007. Avalon’s revenues for the three month period ending September 30, 2008, were $134,725, an increase of 134% from the prior year’s three month period ending September 30, 2007. Shareholder’s equity increased to $3,056,446, or $0.06 per share for the period ending September 30, 2008, an increase of 31% over the period ending September 30, 2007.
Integrated Solutions Required to Meet Energy Challenge, ExxonMobil Says in New Outlook for Energy: A View to 2030
An integrated series of solutions will be required to manage increases in global energy demand and greenhouse gas emissions that will result from population growth and economic expansion, Exxon Mobil Corporation (NYSE:XOM) said today, releasing the corporation’s Outlook for Energy: A View to 2030.
Penn Virginia Resource Partners, L.P. to Present at the Wachovia Pipeline and MLP Symposium
Penn Virginia Resource Partners, L.P. (NYSE:PVR) announced today that it will make a presentation at the 7th Annual Wachovia Pipeline and MLP Symposium in New York on Wednesday, December 10, 2008 at 8:50 a.m. ET.
Penn Virginia Corporation to Present at the Capital One Southcoast 2008 Energy Conference
Penn Virginia Corporation (NYSE:PVA) announced today that it will make a presentation at the Capital One Southcoast 2008 Energy Conference in New Orleans on Tuesday, December 9, 2008 at 10:20 a.m. ET.
ISO New England Projects Adequate Power Supplies to Meet Winter Electricity Demand
New England will have the resources needed to meet demand for electricity in the six-state region this winter, according to ISO New England Inc., the operator of the region’s bulk power system and wholesale electricity markets.
Fox Petroleum Awarded Additional North Sea Oil Concession Rights by UK Govt
Fox Petroleum Inc. (OTCBB:FXPT) is pleased to announce that is has been awarded, in the 25th Seaward Licencing Round Awards, the rights to explore and develop the block 13/17 concession in the North Sea by the British Government (Department of Energy and Climate Change). Fox will be operator of the block with a 90% interest. Partner Aimwell Energy has a 10% interest.
Cadre Services Expands Operations to Northern Louisiana
Cadre Services, Inc (formerly Tanner Companies) announced today the expansion of its operations to Northern Louisiana. The new regional operation, with facilities in Bossier City, will provide the full complement of Cadre services to customers in this growing energy-producing region. These services include oilfield construction, pipeline services, pump and fabrication services and material products.
CORRECTING and REPLACING Rinnai Honored for Leadership in Energy Efficiency
Please replace the release with the following corrected version due to multiple revisions.
Foster Wheeler to Participate in 2008 KeyBanc Capital Markets Engineering & Construction Conference
Foster Wheeler Ltd. (Nasdaq: FWLT) announced that Scott Lamb, the company’s vice president of investor relations and corporate communications, will represent the company in investor meetings at the KeyBanc Capital Markets Engineering & Construction Conference in New York City, on December 11, 2008. Mr. Lamb will provide an overview of the company and its recent financial performance.
Planet Resource Recovery, Inc.'s CEO Interviewed on CEOcast.com Discusses the Company and its Latest News
Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), developer, manufacturer and marketer of the PetroLuxus(TM) family of products, is pleased to announce that Mr. Kurt Neubauer, Chief Executive Officer of Planet Resource Recovery, Inc., was a featured guest on CEOcast for an exclusive interview to discuss the Company and its latest news and activities.
Cheetah Oil & Gas Announces Sale of Cheetah B.C. Limited
On November 25th Cheetah Oil & Gas (OTCBB: COGL) (the Company) agreed to sell its shares in Cheetah B.C. to LNG Energy.
Berry Petroleum Increases Bank Commitments to $1.21 Billion
Berry Petroleum Company (NYSE:BRY) has increased its bank commitments to $1.21 billion. Since the October 17, 2008 amendment to Berry’s $1.5 billion credit facility, Berry has secured an additional $130 million of bank commitments under the accordion feature.
Object Reservoir Names VP/Chief Petrophysicist
Object Reservoir Inc., a technology and services provider for the global upstream oil and gas industry, today appointed Dr. Joel Walls as Vice President and Chief Petrophysicist. In this role, Dr. Walls will lead the company's Collaborative Exploitation Projects for major shale gas plays, and will lead development of innovative workflows for integrating petrophysical and geomechanical analysis with Object Reservoir's signature high-definition reservoir modeling software, Resolve[TM].
Samson Oil & Gas Provides Operational Advice
Samson Oil & Gas Limited (AMEX: SSN)(ASX: SSN) announced today the planning of completion operations associated with the Leonard #1-23 H has been finalized.
Enterprise Products Partners Prices $500 Million of Senior Notes
Enterprise Products Partners L.P. (NYSE:EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC, has priced a public offering of $500 million of senior unsecured notes due 2014. The proceeds from the offering are expected to be used to temporarily reduce borrowings outstanding under the partnership’s Multi-Year Revolving Credit Facility and for general partnership purposes.