Aegean Marine Petroleum Network Inc. announced that it will be establishing business operations in Trinidad and Tobago, expanding its presence to the southern Caribbean. Aegean is in the process of setting up its local logistics infrastructure and expects to commence operations by the end-of-the first quarter, 2009.
E. Nikolas Tavlarios, President, commented, “We are pleased to [...]
Tube City IMS, LLC, a service provider to steel mills and foundries throughout the world, announced the signing of a strategic cooperation agreement with Sinosteel Corporation of Beijing, China.
I Michael Coslov, Chairman and CEO of Tube City IMS, and Huang Tianwen, President of Sinosteel, signed the agreement at Tube City IMS’ Corporate Headquarters in Glassport, [...]
DTN, a leading business information services company focused on agricultural, energy and weather business markets, today announced that Valero Energy Corporation, will use industry-leading DTN TABS(TM) credit and product allocation controls for its rack marketer customers.
Valero’s use of DTN TABS will enable rack marketers to gain complete control over what they are selling and the [...]
General Maritime Corporation jointly announced today that they have entered into a definitive agreement whereby the two companies will combine in a stock- for-stock combination. Under the terms of the definitive agreement, approved unanimously by the Boards of Directors of both General Maritime and Arlington Tankers, shareholders of General Maritime will receive 1.340 shares of [...]
Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, today announced that the regional government council of the Autonomous Region of the Southern Atlantic (”RAAS”) voted to approve the Company’s offshore Nicaraguan exploration and development contracts on July 4, 2008.
“This represents the achievement of a critical objective in our quest [...]
Guyana Gold Corp. is pleased to report that it has received a joint venture proposal to develop the Port Kaituma Gold Project. The proposal would expand the company’s land position and increase the scale of the Port Kaituma project. Guyana Gold Corp. had received a number of joint processing proposals and has now expanded those [...]
Private forecasting group AccuWeather.com is watching conditions in the western Caribbean and the area around Mexico’s Yucatan peninsula that could lead to tropical storm development.
“Several runs of the models have been showing a low pressure area developing,” said Expert Senior Meteorologist Alex Sosnowski. “It’s forecasted to drift slowly northward and it will be on the [...]
Despite persuasion by the US mission in Dhaka, the Energy Division is determined to continue its battle in the local court to settle the dispute with US company Chevron Bangladesh over its Jalalabad and two other gas fields concerning wheeling charge, reports UNB.
“We want to settle the issue in the court… the law will take [...]
Leaders of Guyana and Suriname are eager to tap their underwater oil reserves, but the drilling won’t begin until a world court draws a maritime border to settle their territorial disputes.
The drilling could dramatically change the fortunes of the two nations if predictions about the abundance of oil and natural gas deposits prove true.
Final [...]
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, plans to promote a South America- wide network of natural gas pipelines to reduce costs in the region and increase energy exports.
Rio de Janeiro-based Petrobras is studying a plan that would begin by extending pipelines in the southern half of the continent, Ildo Sauer, the company’s gas chief, [...]
