BEND, Ore. & BOSTON–(BUSINESS WIRE)–Vulcan Power Company (“Vulcan”), a developer of geothermal energy projects, and Denham Capital, an energy- and commodities-focused private investment firm, announced today that an affiliate of Denham Capital has invested $108 million in preferred and common stock of Vulcan. This is the second equity investment in Vulcan by such Denham Capital [...]

NATCHEZ, Miss.–(BUSINESS WIRE)–Callon Petroleum Company (NYSE: CPE - News) today announced details regarding its strategy shift to diversify its asset base to onshore in order to increase visible growth potential, including a 2010 capital budget of $61.7 million and its first acquisition in the North Louisiana Haynesville Shale play.
“We’ve been working on this strategy shift [...]

Marathon Oil Corporation (NYSE: MRO) today is providing information on market factors and operating conditions that occurred during the fourth quarter of 2009 that could impact the Company’s quarterly financial results. The market indicators and Company estimates noted below and in the attached schedule may differ significantly from actual results. The Company will report fourth [...]

Sierra Geothermal Power Corp. (TSX VENTURE:SRA) (”SGP”) today cautioned its shareholders that the “concerned shareholder” behind a dissident proxy circular is not concerned with the interests of all Sierra shareholders. The “concerned shareholder” is attempting to seize control of Sierra’s Board at a special meeting scheduled for January 26, 2010.
In a letter to shareholders, Sierra’s [...]

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 [...]

Austin, Texas, will be closer to meeting its goal of 30 percent renewable energy once a biomass facility from Southern Power comes into play.
Southern Power, a subsidiary of the Southern Company, recently acquired a not-yet-constructed biomass facility from American Renewables LLC. The facility is being built in Sacul, Texas.
Southern Power plans to spend $475 million [...]

Magellan Petroleum Corporation (Nasdaq: MPET - News; ASX: MGN - News) reported a consolidated net loss of $1.3 million (loss of $0.03 per share) on gross revenues of $8.9 million for its fiscal first quarter ended September 30, 2009, as compared to net income of $1.5 million ($0.04 per share) on revenues of $10.4 million [...]

TOKYO (Dow Jones)–Tokyo Electric Power Co. (9501.TO) and Tokyo Gas Co. (9531.TO) separately said Monday that they have extended purchases of liquefied natural gas from the Kenai LNG plant in the U.S. state of Alaska by two years to March 31, 2011.
Japan’s largest power utility by capacity, also known as Tepco, and Japan’s largest [...]

CALGARY, AB–(Marketwire - 10/16/09) - Blugrass Energy Inc. (OTC.BB:BLUG - News) is pleased to announce that Doral Energy Corp. (”Doral”) has entered into negotiations with Blugrass Energy, the owner(s) of the Cave Pool Unit located in Eddy County New Mexico, as a result of the October 12, 2009 closing by and between Blugrass Energy Inc. [...]

PARIS–(BUSINESS WIRE)–Toreador Resources Corporation (NASDAQ:TRGL - News) today announced it has completed its sale of Toreador Turkey Ltd. to Tiway Oil (“Tiway”), a private Norwegian energy company, as announced on October 1, 2009, for a total consideration of US$10.6 million paid at closing plus exploration success payments of up to $40 million plus contingent future [...]