Purvin & Gertz announces the 2009 release of a new study focusing on bunker and fuel oil markets: Residual Fuel Market Outlook: Impact of Bunker Quality Changes on Marine Fuels & Refining. This timely and comprehensive study is underway and will be completed by the second quarter of 2009. It will present an analysis of [...]
Hornbeck Offshore Services, Inc. announced today that it has filed an acquisition shelf registration statement on Form S-4 with the Securities and Exchange Commission (”SEC”) and plans to file a universal shelf registration statement on Form S-3 in the near future. These filings will replace the Company’s existing shelf registration statements on Forms S-4 [...]
Plains All American Pipeline, L.P. announced that it has entered into a new $525 million committed hedged inventory credit facility, maturing in November 2009. Borrowings under the facility will be primarily used to finance the purchase of hedged crude oil inventory for storage activities when market conditions warrant as well as foreign import activities. The [...]
Hornbeck Offshore Services, Inc. announced that 4,520 shares of Hornbeck Offshore common stock owned by its Chief Operating Officer, Carl G. Annessa, were recently sold pursuant to an involuntary margin call affected by Mr. Annessa’s broker. Following the sale, Mr. Annessa still beneficially owns or has rights to approximately 235,000 shares of Company stock, including [...]
Global Resource Corp, a developer of a patent-pending microwave technology and machinery for extracting oil and gas, today announced that the Company successfully completed the testing of a commercial prototype of its microwave technology for economically converting hydrocarbons, into oil and gas, from a wide variety of sources. The Company said that as a result [...]
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 [...]
Meridium Inc., the global leader in asset performance management software and consulting solutions, today announced that Bharat Petroleum Corporation Limited (BPCL) has licensed Meridium software for its Kochi and Mumbai refineries. BPCL, a Fortune 500 Company, is a leading player in the petroleum sector in India, with its core business in refining crude oil and [...]
Imperial Oil announced it will construct a Tail Gas Clean-Up unit at its Sarnia refinery to increase sulphur product recovery and reduce the site’s SO2 emissions. The unit will involve an investment of over $100-million and is expected to take approximately 16 months to build.
The new Tail Gas Clean-Up unit uses ExxonMobil Flexsorb(R) technology, a [...]
OAO LUKOIL President Vagit Alekperov and ConocoPhillips Chairman and CEO Jim Mulva today participated in a special ceremony on the occasion of the startup of the Yuzhno Khylchuyu (YK) field located in the Nenets Autonomous District.
One of the biggest fields in the north of the Timan Pechora oil and gas province, this field is developed [...]
TOP Ships Inc. announced today that, pursuant to NASDAQ Rule 4350(b)(1)(A), it has posted on its website the Annual Report to Shareholders that it filed on Form 20-F with the U.S. Securities and Exchange Commission on May 21, 2008 (the “Annual Report”). The Annual Report is available on the Company’s website at http://www.topships.org. Shareholders may [...]
