GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis.
South Africa, which has Africa’s largest economy, is in the [...]

Pure Nickel Inc. announce that it has entered into an exploration and option agreement with ITOCHU Corporation, a multi-billion dollar Japanese conglomerate. The agreement provides ITOCHU with the right to earn up to a 75% interest in Pure Nickel’s 720-square-kilometre MAN Alaska property by investing up to $40 million in further exploration and development of [...]

RMI, a leading oilfield market consulting firm, will host the Oilfield Breakfast Forum on Wednesday, November 12, 2008, at the Westin Galleria in Houston, Texas. Since beginning in 1994, the Oilfield Breakfast Forum has grown into the largest discussion forum in the world on the petroleum industry. Currently, more than 700 executives have signed up [...]

The Shenhua Ningxia Coal Industry Group and its partner Sasol, today signed a contract with Foster Wheeler International Corporation and Wuhuan Engineering Company to carry out the Feasibility Study for an 80 000 bbl/d coal to liquids (CTL) plant at the Ningdong Chemicals Base in the Ningxia Hui Autonomous Region of China.
The Ningdong base is [...]

Total announces that it has signed an agreement with Korea National Oil Corporation (KNOC) to farm into onshore exploration Block 70 (Attaq Area, Shabwa Governorate) in Yemen with an interest of 30.875%. This agreement has been approved by the Yemeni Ministry of Oil and Minerals.
Block 70, which covers an area of 1,367 square kilometres, is [...]

Kinder Morgan Energy Partners, L.P. and Energy Transfer Partners, L.P. announced the two companies have entered into a 50/50 joint venture, Fayetteville Express Pipeline, LLC (FEP), to develop a new pipeline. The approximately 187-mile pipeline will originate in Conway County, Ark., continue eastward through White County, Ark., and terminate at an interconnect with Trunkline Gas [...]

Invensys Process Systems (IPS), a global technology, software and consulting firm, announced that it has won a major contract to upgrade control and automation systems at a liquefied natural gas (LNG) terminal and regasification plant near Barcelona, Spain.
The site, at Barcelona Terminal, is one of three such facilities run by Enagas, Spain’s leading natural gas [...]

Ameron International Corporation reported net income of $15.0 million, or $1.63 per diluted share, in the third quarter ended August 31, 2008, compared to $21.1 million, or $2.32 per diluted share, in the third quarter ended August 26, 2007. Sales in the third quarter of 2008 totaled $170.1 million, compared to sales of $165.0 million [...]

Praxair, Inc. announced that North West Upgrading Inc. (NWU), has selected Praxair Canada Inc., the largest industrial gas supplier in Canada, to provide the industrial gases needed for its heavy oil Upgrader in Sturgeon County, Alberta, Canada. North West’s process eliminates production of coke, uses gasification to make hydrogen from the heaviest components of [...]

Lexaria Corp. announce that Belmont Lake oil field in Mississippi is expected to be back into production next week. For the first time our wells will be producing with the aid of artificial lift (pumping).
We now have our first good early indications of the potential for this oil field. It is the Company’s goal that [...]