OriginOil Announces Breakthrough Process to Extract Oil from Algae

OriginOil, Inc., the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced an innovative single-step process to extract oil from algae. In addition to integrating this process into its own production system, OriginOil plans to rapidly commercialize the patent-pending process for use by others in the... 

Tag: processing extract oil, origin oil algae plans, algea oil, mining breakthrough technology, process to extract used water

Ecopetrol and Anadarko Signed an Agreement to Undertake Oil Exploratory Activities in Brazil

Ecopetrol S.A., through its Brazilian subsidiary, Ecopetrol Oil Gas do Brasil Ltda., signed a Participation Agreement with Anadarko’s subsidiary, Anadarko Exploracao e Producao de Petroleo e Gas Natural Ltda. Through this agreement, Ecopetrol Oil Gas do Brasil Ltda. will have a 50% participation in the BMC-29 Concession in Brazil. The BMC-29 Concession is an offshore concession located in the... 

Tag: eagle ford shale zavala, company analysis ritcie, swot analysis of ritchie brothers auction company, eagle ford shale map, uranium in zavala county

Chevron Announces First Oil Production From Indonesias North Duri Field

Chevron Corporation announced that its wholly owned subsidiary, PT. Chevron Pacific Indonesia, has started producing crude oil from the North Duri Field Area 12 in Indonesia, where Chevron produces nearly half the nation’s crude oil. First oil was achieved on Nov. 14, 2008, and production is projected to increase to 34,000 barrels of crude oil per day by 2012. Initial production from North Duri Area... 

Tag: jim blackwell chevron, chevron north duri field, chevron duri field, duri field, africa tender announcement oil december 2009

Chevron Sells Marketing Businesses in Kenya and Uganda

Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell 100 percent of its shareholdings in Chevron Kenya Limited and Chevron Uganda Limited to Total Outre Mer S.A (Total). Under the terms of the sales, Total is to acquire Chevron’s marketing businesses in both countries. Chevron Kenya Limited and Chevron Uganda Limited’s assets include 165 Caltex-branded... 

Tag: total marketing kenya, total marketing kenia, weaknesses of origin energy, gas station provider contract, cohen mining industry

Chevron Sells Fuels Marketing Business in Nigeria

Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell Chevron Nigeria Holdings Limited to Corlay Global S.A, a Panamanian company owned by an African-based consortium composed of MRS Holdings Limited and Petroci Holdings. Chevron Nigeria Holdings Ltd. is a Bermudan company that holds 60 percent of the issued shares of Chevron Oil Nigeria PLC, a publicly... 

Tag: acquisition chevron nigeria holdings, chevron approved

Chevron Announces Opening of Vocational Training Center in Tsunami-Affected Indonesian Province

Chevron Corporation, the government of Indonesia, the local government of Aceh province, the National Education Department, the Rehabilitation and Reconstruction Agency for Aceh and Nias, and the United States Agency for International Development (USAID) today announced the completion of a $16 million partnership to construct a polytechnic institute in Aceh province, Indonesia. Chevron committed $6... 

Chevron Announces Plans to Construct Base Oil Manufacturing Facility in Pascagoula, Miss.

Chevron Corporation announced that it has submitted an environmental permit application to the Mississippi Department of Environmental Quality for the construction of a premium base oil facility at the company’s Pascagoula refinery. The facility is expected to produce approximately 25,000 barrels per day of premium base oil for use in manufacturing high-performance lubricants, such as motor oils... 

Tag: chevron contractors in pascagoula ms

Chevron Announces Agreements to Develop the Hebron Heavy Oil Project Offshore Newfoundland and Labrador

Chevron Canada Limited, a wholly owned subsidiary of Chevron Corporation, today announced on behalf of itself and its co-venturers the completion of legal agreements with the Government of Newfoundland and Labrador to develop the Hebron heavy oil project offshore the East Coast of Canada. The Hebron field is located 340 km offshore the province of Newfoundland and Labrador in 92 metres of water. Discovered... 

Tag: newfoundland oil gas projects upcoming, latest newson the hebron project, hebron platform canada, exxonmobil hebron platform, who is supporting the hebron project

Beacon Energy Completes Merger, Stock Exchange

Beacon Energy Corp., an emerging producer and investor in the developing biodiesel sector, has become a wholly-owned subsidiary of Beacon Energy Holdings, Inc., a public reporting company. As a result of the transaction, all stockholders of Beacon Energy Corp. exchanged their interests for stock of the public company. Source: Beacon Energy Corp. Beacon Energy Corp. was formerly a subsidiary of Metalico,... 

Tag: beacon energy carlos, alliance energy remley, dylan remley, emerging energy sources mergers, biodiesel merge 2008

Study Says Biofuels Not Main Reason for Higher Food Prices

In a report to be released Tuesday, London-based New Finance Energy says increased biofuels production is not a primary culprit behind rising food prices. The study looks at food price increases from 2004 to 2008 and factors such as input costs, dollar depreciation, supply and demand, and speculative activity. It finds that growing emphasis on biofuels production during that period contributed to higher...