PACIFIC ASIA CHINA ENERGY INC. announced the closing of the plan of arrangement under which Green Dragon Gas (”Green Dragon”), through its wholly-owned direct and indirect subsidiaries, GREKA China Ltd. and GREKA Acquisitions Ltd. (”GREKA”), acquired all of the Company’s outstanding shares at a price of CDN$0.35 per share in cash, for total cash proceeds [...]
Marathon Oil Corporation announced that it has entered into a definitive agreement with Centrica plc, the parent company of British Gas, under which Centrica will purchase Marathon’s non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. The transaction, which has a total value of $416 million and an [...]
Energy provider Southern Co. said Monday construction has begun on what it called an efficient, low-emission coal facility which will help the company meet increased power demand.
The facility, at the Stanton Energy Center in Orange County, Fla., will turn coal into synthetic gas for generating electricity, while reducing emissions of sulfur dioxide, nitrogen oxides [...]
BPZ Energy, Inc. announced that Manolo Zuniga, President and Chief Executive Officer will be presenting at the Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium in London, England. Mr. Zuniga will be presenting on Wednesday July 11, 2007 at 9:00 AM London time, 3:00 AM CDT. The presentation will be webcast live [...]
Wyoming’s largest electrical utility, Rocky Mountain Power, is the likely partner in a Wyoming-sponsored effort to launch a coal-gasification demonstration project.
The Wyoming Infrastructure Authority, which is spearheading the project, announced Tuesday it would conduct a special meeting today to discuss a draft memorandum of understanding with Rocky Mountain Power, formerly PacifiCorp.
The intent is to align [...]
COUNCIL BLUFFS, Iowa - From the top of a new coal-fired power plant with its 550-foot exhaust stack poking up from the flat western Iowa landscape, MidAmerican Energy Holdings chief executive David L. Sokol peered down at a train looping around a sizable mound of coal.
At this bend in the Missouri River, with Omaha visible [...]
BPZ Energy, Inc. announced the results of tests conducted on the CX11-21XD well in the Corvina field located offshore northwest Peru. The well tested at a rate of 40 million cubic feet per day (MMcfpd) of natural gas and 3,150 barrels of crude oil per day (bopd).
A total of four Drill Stem Tests (DST) were [...]
Standard & Poor’s affirmed Wednesday that carbon dioxide emissions caps now being considered by the U.S. Congress could make domestic coal plants more expensive to build and operate.
Although coal prices have dropped significantly since early 2006, S&P’s analysis suggests that “we see moderation, not disaster in coal prices going forward.†Primary Credit Analysts Thomas Watters [...]
President Bush’s proposed 2008 budget for the U.S. Department of Energy largely passes over “clean coal” projects in Wyoming and the West.
U.S. Sen. Craig Thomas, R-Wyo., grilled Energy Secretary Samuel Bodman last week for not following certain directives set forth in the Energy Policy Act of 2005.
Provisions such as a Western coal-gasification demonstration project are [...]
BPZ Energy, Inc. announced that testing has begun on the recently drilled CX11-21XD well in the Company’s Corvina gas field off the coast of Peru.
The Company successfully completed all pressure integrity tests of the well, replaced mud by completion brine in the wellbore, and connected the gas flare and surface equipment to the well. Consequently, [...]
