Buoyant End-user Application Sectors Spur Demand for Protective Coatings in Europe, Notes Frost & SullivanLONDON - In Europe’s mature protective coatings market, growth in coating sales hinges on the success of individual end-user application markets. Accordingly, energy sectors including power generation, oil and gas, as well as the bridges and highways markets are growing faster than segments like water and wastewater, commercial architecture or the manufacturing industries. Far East Energy Announces Increase in Production, Gas From a Second Coal Seam, and Gas From a Distant Parameter WellHOUSTON - Far East Energy Corporation (OTC Bulletin Board: FEEC) announced today that gas production in the Number 15 coal seam of its 1H Pilot Area in the Shouyang Block of Shanxi Province, China continues to rise. Far East also announced that preliminary results indicate that it may have discovered a second coal seam capable of significant gas production. Additionally, a parameter well some 7 kilometers distant from the 1H Pilot Area has started producing gas from the Number 15 coal seam and shows promise for production from the Number 9 seam. ICE to Deliver Trade Date Clearing with Launch of Segregated Funds Solution; Developed in Consultation with Buy-sideNEW YORK - IntercontinentalExchange(R) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that it will deliver trade date clearing, concurrent with the launch of its segregated funds credit derivatives clearing solution for CDX, followed by segregated funds and trade date clearing for iTraxx. Trade date clearing enables positions to be cleared on the same day the trade occurred, which significantly reduces the time that a buy-side firm has counterparty exposure to a clearing member, and will simplify operational processes and overhead associated with CDS trading. Together with margin segregation and portability, trade date clearing is a key buy-side requirement for CDS clearing. Global Leader in Seismic Equipment Rentals and Support Acquires TransGulf TechHOUSTON - - SES expands into the Marine and Transition Zone seismic market. Seismic Equipment Solutions (SES) today announced it has acquired TransGulf Tech, one of the leading marine seismic air gun and lead-in termination specialists in the industry, which holds certification in high-pressure air systems and possesses extensive experience in back deck design and rigging. New Powerful Recruitment Solution is set to Energise the Oil & Gas IndustryABERDEEN, Scotland - A new recruitment site designed specifically for the oil and gas industries is set to revolutionise traditional employment resources and searching. Aberdeenshire-based business www.oilandgaspeople.com aims to fundamentally change the oil and gas recruitment process by providing an accurate snap-shot of current vacancies, the workforce and its availability. Top Brazilian Organizations Unite in Alliance to Fight Climate ChangeSAO PAULO - Fourteen major Brazilian organizations representing the agribusiness, planted forests and bioenergy sectors announced today the creation of the Brazilian Climate Alliance, with the goal of contributing with solid proposals for the negotiations related to the United Nations Framework Convention on Climate Change. The main focus is the agenda that the Brazilian government has been defending in global negotiations, culminating with the 15th U.N. Climate Change Conference (COP 15), next December in Copenhagen, Denmark. Landis+Gyr Welcomes EU Energy Package as a Move Towards the Smart GridZUG, Switzerland - Landis+Gyr welcomes the EU energy package, which officially comes into force today, as a positive move towards the development of the Smart Grid. The two Directives and three Regulations are the latest acts to achieve an integrated EU-wide energy market and to enhance consumer protection measures. Hunting PLC Announces Call for 2010 Hunting Art Prize; Texas Artists Compete for US$50,000 AwardHOUSTON - Hunting PLC, an international oil services company, has announced the call for entries in celebration of the 30th annual Hunting Art Prize, a competition for Texas artists that carries a US$50,000 award for the winner. Winner for Sitra’s Low2No Sustainable Development Design Competition SelectedHELSINKI - - Jatkasaari to Become a Carbon Neutral District The Low2No Competition for an energy- and innovation block in Jatkasaari, Helsinki, is shifting from ideas to implementation. The five international teams, selected out of 74 applicants to take part in the competition last May, have delivered their competition proposals during the summer. The competition results were published on Tuesday, September 1st in Helsinki, Finland. CHS Invests in Grains Export Terminal in UkraineST. PAUL, Minnesota - CHS Inc., (Nasdaq: CHSCP) a leading energy, grains and foods company today announced it has invested in a project that will result in partial ownership of a grain export terminal with GN Terminals, Odessa. The two companies will operate an export terminal there with expected annual grains shipping capacity of two million tons. Top 100 Countries Ranked by Clean, Low Sulfur Diesel LimitsHOUSTON - The International Fuel Quality Center (IFQC) has updated its ranking of the top 100 countries based on sulfur limits in on-road diesel — Sweden, Germany and Japan, remained first, second and third, respectively. Elsevier Publishes Jiang Zemin’s Book on China’s Energy Policy in EnglishAMSTERDAM, The Netherlands - - Former President of China’s “Research on Energy Issues in China” Shares the Views of one of China’s Influential Leaders on Energy Policy in English Delek Group Announces Consolidated Results for the Second Quarter and First Six Months of 2009TEL AVIV, Israel - - Second Quarter Net Income up 375% Year-Over-Year to NIS 223 Million Sinopec International Takes up Additional Addax Petroleum Corporation SharesCALGARY, Canada - Sinopec International Petroleum Exploration and Production Corporation (”Sinopec International”) is pleased to announce that additional common shares of Addax Petroleum Corporation (”Addax Petroleum”) have been tendered to the offer (the “Offer”) dated July 9, 2009, as extended, made by Mirror Lake Oil and Gas Company Limited (”Mirror Lake”), an indirect wholly-owned subsidiary of Sinopec International. Mirror Lake has taken up all such additional Addax Petroleum common shares as of the expiry of the Offer on August 27, 2009 and has now taken up an aggregate of 162,947,508 Addax Petroleum common shares, representing approximately 98.22% of the Addax Petroleum common shares on a diluted basis. Far East Energy Announces Approval of Shouyang and Yunnan ExtensionsHOUSTON - Far East Energy Corporation (OTC Bulletin Board: FEEC) announced that it has received final approval by the Chinese Ministry of Commerce (MOFCOM) of two Modification Agreements that extend the exploration periods of both its Shouyang and Yunnan Production Sharing Contracts (PSCs) by two years apiece to June 30, 2011. The Modification Agreements also revise other terms of the PSCs and the Company has included the Modification Agreements in the Form 8-K filed with the Securities and Exchange Commission on August 27, 2009. Maurel & Prom : Positive Technical Results in OMTI-1 in GabonPARIS - Drilled on the north of Onal in Gabon, the OMTI-1 well, reached the basement at a depth of 2 203 m. Between 1 300 and 2 100 m, it encountered 500 m cumulated of good quality reservoirs, 85 m from which put in evidence oil saturation. Samples have been taken and show a 38degrees API oil. Frost & Sullivan Walks The Green Mile: ACEA Regulations and Opportunities in CO2-Based TaxationLONDON - - Frost & Sullivan to Host Analyst Briefing on the Impact of CO2 Tax Branding in Europe on Tuesday, 8 September, 2009 at 3:00 pm BST Addax Petroleum Commences Exploration Campaign in Joint Development ZoneCALGARY, Canada - - Drilling First Deepwater Well at Kina Prospect in JDZ Block 4 Licence Area Canadian Solar Obtained Development Rights for a 500 MW Project in ChinaONTARIO, Canada - Canadian Solar Inc. (”the Company”, “Canadian Solar” or “we”) (Nasdaq: CSIQ) today announced it obtained rights to design, install, operate, and maintain a 500 MW solar power plant system. Under a letter of intent with the Administration Committee of Baotou National Rare Earth Hi-Tech Industrial Development Zone (”CPT”) in Baotou, Inner Mongolia, the solar power plant will be located in CPT. BP Awards Large Deal to Infosys TechnologiesBANGALORE, India - - Oil and Gas Company Leverages Infosys Industry Expertise and Technology Leadership GAIN Capital’s FOREX.com Expands Product Offering with Addition of Oil TradingNEW YORK and LONDON - - Brent Crude Oil (BCO) now available to clients of FOREX.com UK International Safety Experts From the Leading Oil and Gas Companies to Gather for Process Safety in Oil, Gas & Petrochemicals 2009DUBAI, UAE - International Quality and Productivity Center (IQPC), the global provider of tailored, industry-driven conferences, announced today the dates for Process Safety in Oil, Gas & Petrochemicals 2009. The two-day conference, with five interactive workshops, will take place in Abu Dhabi from 15 - 18 November 2009 at the Hilton Abu Dhabi Hotel. Endeavour Announces Results of Maureen Appraisal WellHOUSTON - Endeavour International Corporation (AMEX: END) (LSE: ENDV) today announced that the Maureen appraisal well located in Block 16/29a in the United Kingdom Central North Sea has been plugged and abandoned after failing to encounter commercial quantities of hydrocarbons. The well was drilled to a total depth of 9,281 feet to target an untested fault block. ICE Statement on Enhanced Agreement between CFTC and FSALONDON - IntercontinentalExchange(R) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets issued the following statement regarding today’s joint U.S. Commodity Futures Trading Commission (CFTC) and U.K. Financial Services Authority (FSA) statement on oil market regulation. The FSA serves as the primary regulator for ICE Futures Europe - ICE’s London-based energy futures market - and the CFTC imposes additional regulatory requirements on certain of ICE Futures Europe’s energy futures contracts linked to U.S. markets, including WTI Crude oil. SGI President Patrinos Co-Authors Proposals on International Policies to Reduce Global Greenhouse Gas EmissionsLA JOLLA, California - To aid in reducing global greenhouse gas emissions and help solve the complex issues of climate change, two researchers have published energy and technology policy recommendations. Co-authors Aristides A.N. Patrinos, Ph.D., President of Synthetic Genomics Inc. (SGI), and Richard A. Bradley, Ph.D., Head of Energy Efficiency and Environment Division at the International Energy Agency published their policy proposals in the August 21st edition of Science. Vitol Tank Terminals International B.V. Enters a Joint Venture Agreement With MISC BerhadGENEVA - Vitol Tank Terminals International B.V. (”VTTI”), part of the Vitol Group, entered into a joint venture agreement today with MISC Berhad (”MISC”) to incorporate a joint venture company on an equal partnership basis. The joint venture company, Asia Tank Terminal Limited, will hold 100% equity interest in an oil terminal in Tanjung Bin, located in south-west Johor, Malaysia. Sinopec International Pays for Addax Petroleum Corporation Shares and Will Appoint New Addax Petroleum Board of DirectorsCALGARY, Canada - Sinopec International Petroleum Exploration and Production Corporation (”Sinopec International”) is pleased to announce that it has paid for the common shares of Addax Petroleum Corporation (”Addax Petroleum”) that were validly deposited to and not withdrawn from the offer (the “Offer”) dated July 9, 2009 made by Mirror Lake Oil and Gas Company Limited (”Mirror Lake”), an indirect wholly-owned subsidiary of Sinopec International. As previously announced by Sinopec International, as of August 14, 2009, an aggregate of 153,734,120 Addax Petroleum common shares, representing approximately 92.67% of the Addax Petroleum common shares on a diluted basis, were tendered to the Offer. ET Solar Group Announces 4.2MW Module Supplies to Three Large Italian Commercial ProjectsNANJING, China - ET Solar Group Corp. (”ET Solar”), a Nanjing-based integrated manufacturer of photovoltaic (”PV”) products (ingot, wafer, modules and tracking systems) and system integrator announced a total of 4.2MW high efficiency module supply transactions to three large Italian commercial projects. Oil Refineries Announces Results for Second Quarter and First Six Months of 2009HAIFA, Israel - - Consolidated net income totals $67 million, compared to $73 million in first half 2008, despite global margin erosions; - Adjusted refining margin 45% higher than Reuters’ Mediterranean Ural Cracking Margin benchmark; - Net loss for the quarter total $8 million, compared to $71 million net income in second quarter 2008; - Mild Hydrocracker activated in May 2009 - Increasing overall gasoil production capacity by 1.5%; - Completed maintenance and upgrade of largest crude unit in July, to contribute to higher margins starting from Q3 2009 ICE Clear Europe Clears Euro 51 Billion in Third Week of European CDS Processing; Announces New CDS Clearing MemberLONDON - IntercontinentalExchange(R) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced ICE Clear Europe(R) cleared 734 transactions totaling Euro 50.8 billion (US$72.1 billion) in credit default swap (CDS) indexes during the week of August 10. Open interest reached Euro 6.6 billion (US$9.4 billion). Sinopec International Takes Up Addax Petroleum Corporation Shares and Extends Tender Offer for Remaining SharesBEIJING - Sinopec International Petroleum Exploration and Production Corporation (”Sinopec International”) is pleased to announce that 153,734,120 common shares of Addax Petroleum Corporation (”Addax Petroleum”), which represent approximately 92.67% of the Addax Petroleum common shares on a diluted basis, have been tendered to the offer (the “Offer”) dated July 9, 2009 made by Mirror Lake Oil and Gas Company Limited (”Mirror Lake”), an indirect wholly-owned subsidiary of Sinopec International. Since all of the conditions to the Offer have been satisfied, Mirror Lake has taken up all of the Addax Petroleum common shares tendered to the Offer as of this date. Sinopec International would also like to announce that it has extended the expiration date of its Offer pursuant to a provision of the Acquisition Agreement entered into in connection with the Offer that requires Mirror Lake to extend the Offer for at least one 10 day period in order to permit Addax Petroleum shareholders (such as holders of Addax Petroleum common shares under the long term equity incentive plan of Addax Petroleum or on conversion of the convertible bonds of Addax Petroleum) that have not tendered their Addax Petroleum common shares to accept the Offer and tender their Addax Petroleum common shares. The Offer, which was scheduled to expire at 7:00 PM Toronto time, on Friday, August 14, 2009, has been extended until 11:59 PM Toronto time, on Thursday, August 27, 2009. Etinde Permit (Cameroon) Farm-in TransactionGENEVA - Vitol E and P Limited (VEP), part of the Vitol Group, is pleased to announce that it has entered into a farm-in agreement with Bowleven, the African focused oil and gas company, in respect of the Etinde Permit (Etinde, Cameroon). BlackLight Power, Inc. Announces Independent Validation of Breakthrough New Energy Source Based on a New Form of Hydrogen and Chemistry Capable of Continuous RegenerationCRANBURY, New Jersey - - BlackLight Power Physics Grand Slam: Power, Hydrinos, Light Signature, Theory Prediction Validated Oil Refineries Schedules Second Quarter and Six Month 2009 Earnings Release for August 17, 2009HAIFA, Israel - - Conference Call Scheduled for August 17, 2009 at 8am ET, 1pm UK Oil Refineries Ltd. (TASE: ORL.TA) (the “Company”), Israel’s largest oil refiner, announced today that it will be releasing its financial results for the second quarter and first six months 2009 on Monday, August 17, 2009. Emphasis on Energy Savings and Government Support Create Growth Potential in European Heat Pumps Market, Says Frost & SullivanLONDON - Greater emphasis on energy savings in the heating sector and new legislation mandating increased energy efficiency in buildings will result in high growth in the European heat pumps market. The main market challenges in the future include enhancing performance and raising consumer awareness. |
