Energy Solutions International, Inc., a world-leading supplier of software solutions that optimize operational and commercial performance of oil and gas pipelines, announced that PEMEX Gas y Petroquimica Basica (PGPB) selected PipelineManager® software for comprehensive management of its 12,000 kilometers of natural gas, liquid petroleum gas and petrochemical pipelines. PGPB is one of four divisions of [...]
Venoco, Inc. announced that Mark DePuy is resigning as the company’s Chief Operating Officer and Executive Vice President.
“We are very disappointed to lose Mark, but we are supportive of his decision to focus on his family in California. Unfortunately the demands in our Denver corporate office and Mark’s commitments in California were no longer compatible,” [...]
Metalico, Inc. has realigned and upgraded its Platinum Group Metals management team with the hiring of three veterans in key positions.
Andrew V. Masterman has been named PGM Group president with overall responsibility for Metalico’s precious metal recycling operations. Patricia M. Kennedy manages PGM administration, logistics and operations systems. Stephen B. Halliday takes over as general [...]
Denbury Resources Inc. announced that an unsolicited “mini-tender” offer is being made by TRC Capital Corporation to acquire up to 4 million shares of Denbury common stock from shareholders at a price of $13.50 per share.
This price represents approximately a 4.2% discount below Denbury’s closing price on the New York Stock Exchange on October 6, [...]
Ausam Energy Corporation announce that the TSX Venture Exchange has conditionally approved an early warrant exercise incentive program designed to encourage the exercise of up to 8,701,132 common share purchase warrants of Ausam. The Program will be open for a 30-day period, which will commence on October 20, 2008, and end on November 18, [...]
Berry Petroleum Company (NYSE:BRY - News) has amended its $1.5 billion credit facility. The Amendment increases the borrowing base to $1.25 billion from $1.0 billion with current commitments of $1.08 billion and a new maturity date of July 15, 2012. The amendment was executed with the Company’s syndicate of 17 banks and includes an accordion [...]
Westmoreland Coal Company announced that its Westmoreland Resources, Inc. subsidiary, which owns and operates the Absaloka Mine, has formed Absaloka Coal, LLC and partnered with an East Coast financial institution. Absaloka Coal will serve as the producer and seller of coal leased from the Crow Indian Tribe in Montana, and will benefit from [...]
Cambridge Energy Corporation announced that the Company has entered into a joint-venture agreement for production of the Gold River Mine Group, including noted properties with extensive mining histories and precious metal ore bodies that are geologically well documented including The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, The Eagle Mine and [...]
World Oil® magazine announced the thirteen winners of the 2008 World Oil Awards at the seventh annual black-tie gala dinner last night in Houston, Texas. The event, attended by close to 350 industry leaders, benefited two universities that offer programs leading to careers in the petroleum industry.
Frank Springett of National Oilwell Varco won the inaugural [...]
Sunset Island Group announced that it has signed a letter of intent to acquire several oil and gas leases in Texas.
The leases, located in southwest Texas, will cover approximately 26,000 acres in the Maverick Oil Basin. “We feel very pleased to be able to acquire a property in such a rich oil and gas producing [...]
