Devon Energy Announces $1.3 Billion Agreement with Maersk Oil in First of Planned Gulf of Mexico and International Divestitures

OKLAHOMA CITY, Dec. 22 /PRNewswire-FirstCall/ –Devon Energy Corporation (NYSE: DVN) today announced it has agreed to sell its interests in three Lower Tertiary development projects in the Gulf of Mexico to Maersk Oil for $1.3 billion. The agreement covers Devon’s 50-percent working interest in the Cascade project and its 25-percent working interests in the Jack [...]

December 22nd, 2009In Energy Companies

U.S. Geothermal Annual General Meeting

U.S. Geothermal Inc. (”U.S. Geothermal”) (TSX: GTH)(NYSE Amex: HTM), a renewable energy company focused on the production and sale of electricity from geothermal energy, announced a corporate update on business conducted at their Annual General Meeting (”AGM”) held on December 17th at the corporate headquarters in Boise, Idaho. All proposals submitted to shareholders for [...]

December 22nd, 2009In geo thermal energy

Standard & Poor’s Initiates Factual Stock Report Coverage on Lucas Energy, Inc.

Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Lucas Energy, Inc.
Lucas Energy, Inc. (NYSE Amex: LEI) is an independent oil and gas company based in Houston, Texas with approximately 15,000 gross (12,000 net) acres of oil and gas leases in South Texas, primarily in the Gonzales County, Texas area. [...]

December 22nd, 2009In Energy Companies

Forest Oil Announces Closing of Its Permian Basin Divestiture and Calls $150 Million 7 ¾% Senior Notes Due 2014

Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it closed the previously announced sale of the remainder of its Permian Basin properties in West Texas and New Mexico for approximately $800 million to SandRidge Exploration and Production, LLC, a wholly-owned subsidiary of SandRidge Energy, Inc. (NYSE:SD), subject to customary post-closing purchase price [...]

December 22nd, 2009In Energy Companies

China’s Oil Demand Surges 18.7% in November

China’s apparent* oil demand in November soared 18.7% from a year ago as the country’s economic recovery picked up momentum. November’s surge in oil demand marked the third straight month that the world’s second largest oil consumer posted double-digit yearly growth in oil demand.
Chinese oil demand was estimated to reach 33.67 million mt (8.22 million [...]

December 22nd, 2009In Energy Management

Penn Virginia Corporation Announces Organizational Changes

Penn Virginia Corporation (NYSE: PVA - News) today announced that to better position itself for growth opportunities in its oil and gas business, as well as to improve corporate efficiency, it will undertake organizational changes in both its financial and oil and gas operations groups.
PVA will move its corporate accounting functions from Kingsport, TN to [...]

November 18th, 2009In Energy Management

GOL Joins International Biofuel Development Group

SAO PAULO, Nov. 16 /PRNewswire-FirstCall/ — GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, has joined the Sustainable Aviation Fuel Users Group (SAFUG), which unites airlines and technology providers in a joint drive to accelerate the development of new, sustainable aviation fuels [...]

November 18th, 2009In biofuels

Endeavour Announces Redemption and Amendment of Convertible Preferred Stock

HOUSTON, Nov. 17 /PRNewswire-FirstCall/ — Endeavour International Corporation (Amex: END - News; LSE: ENDV - News) today announced that it has signed an agreement to redeem $75 million of its $125 million Series C Convertible Preferred Stock and amend the terms of the remaining $50 million outstanding. The redemption and amendment reduces the current dilution [...]

November 18th, 2009In Energy Companies

Renewable Energy Gasification Systems Converting Biomass Wastes into Fuel Focus of Green Energy Live Inc. (OTCBB: GELV), Interviewed on SmallCapVoice.com

SmallCapVoice.com has announced their interview with Green Energy Live Inc. (OTCBB: GELV) is available to listeners visiting the site.
Listen to the audio interview with Green Energy Live Inc.
Green Energy Live, is a fully reporting, publicly-listed engineering and technology company headquartered in Wyoming, Michigan (adjacent to Grand Rapids). The company is focused on developing [...]

November 18th, 2009In renewable energy

Webb, Alexander introduce bipartisan clean-energy legislation

Sens. Lamar Alexander (R-Tenn.) and Jim Webb (D-Va.) today introduced the The Clean Energy Act of 2009, a bipartisan bill to promote further investment and development of the nation’s clean energy technologies, including nuclear power and other resources. The Alexander-Webb bill is designed to invigorate the economy, create jobs, and move the United States toward [...]

November 18th, 2009In renewable energy

Random post from Jelantah.Com

U.S. Geothermal Resale Registration Statements Declared Effective

U.S. Geothermal Inc. (TSX: GTH)(NYSE Amex: HTM) (”U.S. Geothermal”), a renewable energy company focused on the production and sale of electricity from geothermal energy, clarified today that the Securities and Exchange Commission declared the resale registration statements filed by U.S. Geothermal, effective on January 29, 2010. The registration statements register for resale the shares [...]

February 3rd, 2010 - in geo thermal energy

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