Natco Group Inc, An oil services company, said Wednesday is has received a $24.9 million contract to provide membrane technology for an oil field off the Libyan coast. As part of the deal awarded in May, the company will supply a Cynara membrane system to capture carbon dioxide for re-injection into Bouri, Libya’s largest offshore [...]
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 [...]
EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum [...]
Pluris Energy Group Inc. is pleased to announce that on July 4, 2008, the Company’s wholly owned Argentine subsidiary, Pluris Sarmiento Petroleo SA executed a definitive Purchase and Sale Agreement (the “Agreement”) with Clear S.R.L. of Comodoro Rivadavia, Argentina (”Clear”) to purchase a 75% operating interest in the Cerro Negro concession, Chubut Province, Argentina.
The Agreement [...]
JED Oil Inc. (AMEX: JDO ) (“JED” or the “Company”) today announced that it signed a Term Sheet with the holders of its $40.24 million principal amount of 10% Senior Subordinated Convertible Notes (“Notes”) for the redemption of the Notes by September 30, 2008. The Term Sheet is attached to a Note Amending Agreement with [...]
Wall Street tumbled Tuesday after oil prices spiked to a new record above $129 a barrel and a government report raised investors’ concerns about the impact of inflation on consumer spending. The Dow Jones industrials fell nearly 200 points.
Crude jumped after OPEC’s president was quoted as saying his organization won’t raise its output before its [...]
Citigroup Inc. agreed to pay $1.66 billion to creditors of Enron Corp. who lost money when the energy trader collapsed in 2001.
Citigroup was the last remaining defendant in what was known as the “Mega Claims” lawsuit, filed in 2003 against 11 banks and brokerages. The filer, Enron Creditors Recovery Corp., alleged that with the help [...]
TSX has determined to defer its decision to delist Jaguar Nickel Inc.’s common shares (Symbol: JNI). TSX expects to render its decision whether to lift the continued listing review or delist the Company’s common shares no later than Friday April 4, 2008. Until such time, the Company’s common shares, which were being reviewed on an [...]
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
Empowering geoscientists with more deskside high-performance computing power could increase oil and gas production overall, reports a new survey released today by Microsoft Corp. at the Microsoft® 2007 Global Energy Forum.
The Microsoft High-Performance Computing Oil and Gas Industry Survey 2007, sponsored by Microsoft and conducted by Houston-based Gelb Consulting Group Inc., shows a trend [...]
