Riverstone Completes Acquisition of Seajacks International

Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks... 

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Rajant Corporation Announces Agreement with Caterpillar Dealer, MacAllister Machinery

Rajant Corporation, a leading provider of wireless mining solutions, announced today that it has entered into a reseller agreement with Indiana-based MacAllister Machinery Co. Inc., (MacAllister ) to market, sell and support its BreadCrumb® wireless mesh communications product line. “We look forward to working with MacAllister within the Caterpillar dealer network. With this new dealer agreement,... 

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RedHawk Energy Acquires Xxtreme Group for $66.0 Million

RedHawk Energy Corporation announced that it has acquired 100% of the membership interests of Texas-based Xxtreme Pipe Services, LLC, Xxtreme Pipe Storage, LLC, Xxtreme Tubular Processors, LLC and Wolf Pack Rentals, L.L.C. (collectively, the “Xxtreme Group”) for $66.0 million in cash, preferred stock and assumed debt. The purchase price is subject to certain post-closing adjustments. Headquartered... 

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Atna Receives Approval for Development of Reward Gold Mine

Atna Resources Ltd. announce that the US Bureau of Land Management has signed the Record of Decision and Finding of No Significant Impact to approve development of the Reward Gold Project located near Beatty, Nevada. “This decision is a major milestone and a positive outcome for the development of Reward. We look forward to breaking ground on the project and have initiated discussions with various... 

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Technip Acquires a New Construction Support Vessel

Technip, a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies, announces the acquisition of a new construction support vessel, the North Ocean 103, from Oceanteam ASA. The transaction has been completed through the purchase of the ship-owning entity, North Ocean III... 

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Hidalgo Mining International New Production Plan in Ghana

Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today to shareholders its new production plan in Ghana, West Africa. Mark Daniel Klok, President of HMIT, stated, “Due to the recent coup and instability in Guinea, management has implemented an alternative production plan to protect its shareholders from further political risk, an unstable... 

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Pacific North West Capital Corp. announces option to acquire the Nixon Fork gold mine in central Alaska

Pacific North West Capital Corp. announce the signing of a letter agreement pursuant to which it has acquired an option, exercisable until February 15, 2009, to purchase a 100% interest in Mystery Creek Resources, Inc. (MCR), a wholly owned Alaskan subsidiary of St Andrews Goldfields Ltd.. MCR’s assets include the Nixon Fork gold mine, located 56 kilometres northeast of McGrath, Alaska. PFN has... 

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Technip to Expand Its Subsea Umbilicals Facility in Angola

Technip confirms the expansion of its state-of-the-art Angoflex umbilical* manufacturing plant in Lobito, Angola to meet growing demand for longer length and larger diameter products on the West African market. Established in 2002, Angoflex is a joint venture between Technip and the Angolan national oil company Sonangol. On December 15, Bernard Di Tullio, Technip’s Chief Operating Officer, launched... 

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Oil Purification Systems Establishes New Oil and Gas Business Unit

Oil Purification Systems, the leader in fluid cleaning technology, today announced the formation of a new Oil and Gas Business Unit, and the appointment of Steve Carroll as president of the group. The newly formed business unit was established to provide additional support for OPS’ current and prospective customers in the oil and gas industry. Carroll joins OPS as president of the Oil and Gas Business... 

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Polarcus Signs Fleet-wide Agreement With ION for Integrated Marine Technologies

ION Geophysical Corporation announced that its Marine Imaging Systems group was awarded a fleet-wide contract by The Polarcus Group of Companies (Polarcus), a new entrant in the marine seismic market with a green philosophy, to equip all six of its new state-of-the-art vessels with four streamer positioning and control technologies from ION’s Intelligent Acquisition(TM) [IA] portfolio. The contract,... 

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