Entessa Inc. — the leading provider of Oil and Gas Logistics Management Solutions — delivered Release 5.0 of its Synthesis(TM) enterprise software suite to Sunoco Logistics Partners L.P.. The introduction of crude gathering pipeline support now enables Sunoco Logistics Partners to manage the entire order-to-cash logistics for its Western pipeline operations with Synthesis. Entessa is [...]

The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., announced that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil in the U.S. Midwest region (U.S. Midwest domestic hot-rolled coil steel) early in the fourth quarter of 2008. The contract will be financially settled against [...]

Oil set a record above $115 a barrel on Thursday as a drop in U.S. gasoline inventories raised concern of tighter supply and a weak dollar boosted investor demand for commodities.
A U.S. government report on Wednesday showed a surprise drop in crude inventories and a larger-than-expected decline in stocks of gasoline. Demand for the motor [...]

Against a backdrop of rising iron ore prices, Brazilian steel producers should maintain high profit margins relative to their global peers during 2008, according to Fitch Ratings. Brazilian steel companies enjoy important competitive advantages, including modern production facilities, close proximity to sources of iron ore and a highly concentrated domestic market, which limits competition based [...]

Tamm Oil and Gas Corp. is pleased to announce the Company has acquired 100% ownership of 21 contiguous sections of land totaling 13,440 acres in the Peace River Oil Sands Area of NW Alberta. The company acquired 100% working interest in mineral rights on these lands which are prospective for heavy oil in the Debolt, [...]

Alcan Inc. announced that is has opened a new Alcan International Network office in Hanoi, Vietnam. The office, composed of a local sales and marketing team, will offer Alcan and its customers expertise in metals, minerals and downstream products.
“Vietnam has shown rapid growth in recent years and is proving to be a highly attractive [...]

NewGen Technologies, Inc. announced that it and BioFuel Investments, LLC (”BFI”) reached an agreement relating to $70 million in secured debt financing.
Proceeds from the financing will be utilized to complete the purchase of Appalachian Oil Company (”APPCO”), pay off existing debt and other strategic objectives to facilitate distribution of premium blended biofuels through its brand [...]

India plans to get more oil and gas from Russia as part of its efforts to diversify sources of energy, Petroleum Minister Murli Deora said.
“Russia is our important friend and we look towards them when we think of our energy needs and security of the country,” Deora said at a function organized to mark the [...]

SyncWave Energy Inc. (SEI) announces SyncWave Power Resonator, a radically new approach to capturing the energy in Ocean Waves with frequency-based technology. SyncWave is a free-floating, self-reacting point-absorber system that is expected to dramatically improve the economics of wave energy. The energy and climate change dilemma has highlighted the costs and impacts of conventional non-renewable [...]

MachineTalker®, Inc., developer of smart wireless security networks, has introduced its remote, intelligent sensors into the industrial sensing and control market through an OEM agreement with Sense-Comm Technology, LLC. Sense-Comm has targeted the petroleum industry, power generation companies and water treatment facilities for initial implementations of sensor networks designed to enhance operational efficiency, environmental safety [...]