National Oilwell Varco and Schlumberger Enter Into Agreement to Form Intelligent Drill Pipe Joint Venture

National Oilwell Varco and Schlumberger announced that they have signed a definitive agreement to create a joint venture that combines their respective and complementary expertise in the manufacturing and technology development of wired drill string telemetry systems. The agreement will enable the companies to accelerate delivery of intelligent drilling solutions to customers through the expanded... 

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Senscient ELDS(TM) Series Open Path Gas Detectors Eliminate False Alarms Inherent in Conventional Designs

An industry first, Senscient’s new ELDS Series Open Path Gas Detectors (OPGDs) feature truly false-alarm free flammable and toxic gas detection. ELDS gas detectors, scheduled to begin shipping in the first quarter of 2009, solve a problem common in the oil and gas industry: unreliable readings causing false alarms that cost millions of dollars in lost revenue annually. Safety systems triggered... 

Komatsu Ltd. to Implement Servigistics Service Parts Pricing Solution Globally

Servigistics, the leading strategic service management solution provider, announced today that Japan-based Komatsu Ltd., one of the world’s largest manufacturers of construction and mining equipment, will implement Servigistics’ award-winning Service Parts Pricing solution globally to optimize pricing and to strengthen its service parts pricing strategy worldwide. Servigistics Service Parts... 

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LDH Energy Purchases West Virginia Coal Dock

Louis Dreyfus Highbridge Energy LLC (LDH Energy), announced today that one of its operating subsidiaries, LDH Energy Cyrus River Terminal LLC, has purchased the Big Sandy River Dock – a coal facility in Kenova, West Virginia – from Kanawha River Terminals LLC. “This facility will provide LDH Energy with a merchant platform to connect coal consumers with coal producers throughout the Midwest... 

Austin Ventures Has Acquired Delta Rigging & Tools

Austin Ventures and Delta Rigging & Tools announced Austin Ventures’ acquisition of Delta Rigging & Tools. The transaction closed on August 4, 2008 and financial terms were undisclosed. AV investment professionals Joe Aragona and Scott Donaldson will join Delta’s board of directors. “We are extremely excited about our investment in Delta Rigging & Tools, given its outstanding... 

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Iron Ore Company of Canada Selects Rajant Corporation for Mine Wide Wireless Communications

Rajant Corporation, a leading provider of portable, reliable, and adaptable wireless networking solutions, announced today that it has been selected by the Iron Ore Company of Canada (IOC), to supply the primary communications platform for mining operations at the IOC mine located in Labrador City, Labrador, Canada. The mine-wide Rajant BreadCrumb® wireless mesh network will enable IOC to run multiple... 

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InvestSource Initiates Coverage of Uranium 308 Corporation

Uranium 308 Corp. is pleased to announce that Investsource, Inc., a multimedia & investor relations firm specializing in bringing small- and micro-cap companies to the attention of the broader public, has added the Uranium 308 Corp. (OTC BB:URCO.OB) to its rapidly growing “InvestSource Index” of publicly traded securities. Uranium 308 Corporation is the latest in a line of companies... 

NATCO Group Inc Got and award

NACTO Group Inc told the press saying that the company has just been awarded a $24.9 million contract to provide membrane separation technology and equipment to capture CO2 for re-injection in Bouri, Libya’s largest offshore oil field. An oil company operating in the Mediterranean Sea, operates the Bouri production platforms, one of which will house the pre-treatment equipment and membrane systems... 

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Cleveland-Cliffs and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company

Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion. Under the terms of the agreement, for each share of Alpha common stock, Alpha stockholders would receive 0.95... 

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Best Energy Reports Financial Results for First Fiscal Quarter 2008

Best Energy Services, Inc. (OTC Bulletin Board: BEYS), a U.S. energy production equipment and services provider, today announced its financial results for the first fiscal quarter, ended April 30, 2008, including the results for subsidiaries Bob Beeman Drilling Company and Best Well Service, Inc., which were both acquired on February 14, 2008, and comparable results for American Rig Housing, the assets...