Energy
EPA-Qualified, High Efficiency Wood Boilers Combat Soaring Heating Oil Prices
The high cost of oil is causing many people to panic about winter
heating bills as homeowners brace for higher prices than last year.
According to estimates by the Department of Energy, households using
heating oil will pay an average $4.34 a gallon, or $2,644 for the
heating season, up more than 30 percent from last winter and up 150
percent since 2003. This uncertainty and added budget concerns are
prompting people to purchase alternative heating options, such as wood
boilers, wood stoves and pellet stoves.
Frontier Oil Elects Leo Hoonakker Vice President Treasurer
Frontier Oil Corporation (NYSE:FTO) is pleased to announce that
Leo J. Hoonakker was promoted to the position of Vice President -
Treasurer. He will report to the Vice President - Corporate Finance.
Frontier Oil Declares Cash Dividend
The Board of Directors of Frontier Oil Corporation (NYSE:FTO)
declared a regular quarterly cash dividend on the Company's common
stock of $0.06 per share ($0.24 annualized). The dividend is payable
October 16, 2008 to shareholders of record on September 26, 2008.
New Loan Program Makes Roof-Top Solar Easier to Own
A new loan program will enable more APS customers to take
advantage of rebates and tax incentives available for adding personal
renewable energy systems.
Exterran Holdings to Present at Lehman Brothers CEO Energy/Power Conference
Exterran Holdings, Inc. (NYSE:EXH) today announced that Stephen A.
Snider, President and Chief Executive Officer, and J. Michael
Anderson, Senior Vice President and Chief Financial Officer, are
scheduled to present at the Lehman Brothers CEO Energy/Power
Conference in New York City on Tuesday, September 2, 2008 at 3:00 p.m.
Eastern Time.
Gustav Threat Keeps Gas Market Prices Riding Higher, NGI Reports
Only a few flat Rockies points were left out of continuing
double-digit gains in the rest of the cash market Wednesday. Initial
evacuations of nonessential personnel were beginning at offshore
installations as the expected path of Tropical Storm Gustav made it
appear more and more likely that the storm will plow through the
central Gulf of Mexico's (GOM) production infrastructure.
Edison International to Present at the 2008 Lehman Brothers CEO Energy/Power Conference
Edison International:
Cohen Milstein Announces Court Denies Summary Judgment: Human Rights Case Against Exxon Mobil Will Go to Trial
The United States District Court for the District of Columbia has
denied Exxon Mobil Corporation's motion for summary judgment in Doe v.
Exxon Mobil Corp., removing the last procedural hurdle before trial in
a groundbreaking case establishing corporate responsibility for
international human rights abuses.
Hydro Aluminum Unit Announces Energy Surcharge Option
Hydro's Extrusion Americas unit has announced an energy surcharge
option, effective with all orders placed after September 1, 2008.
T. Boone Pickens Comments on NBC's Rejection of Latest Pickens Plan Ad
Today T. Boone Pickens released the following letter sent to NBC
Universal CEO and President Jeff Zucker, describing his disappointment
in the network's decision not to run the latest Pickens Plan ad,
entitled "Iran," one in a series of non-partisan ads Mr. Pickens has
developed to raise awareness among Americans of the need to lessen our
$700 billion annual dependence on foreign oil. The 15 second
advertisement, which has been approved by every other major broadcast
and cable news network, focuses on an issue of great public importance
and interest and advocates for increased use of natural gas.
Ferro Corporation Announces Exercise of Over-Allotment Option
Ferro Corporation (NYSE: FOE) (the "Company"), announced today
that, in connection with its offering of $150 million aggregate
principal amount of 6.50% Convertible Senior Notes due 2013 (the
"Convertible Notes"), the underwriters have fully exercised the
over-allotment option and have purchased an additional $22.5 million
aggregate principal amount of Convertible Notes. The total aggregate
principal amount of the Convertible Notes is therefore $172.5 million.
The Company received all the proceeds from the sale of the additional
Convertible Notes, which will be used to repay a portion of the amount
borrowed under the Company's revolving credit facility used to finance
the closing of the tender offer for its 9 1/8% Senior Notes due 2009
on August 19, 2008.
Pioneer Declares Dividend on Common Shares
Pioneer Natural Resources Company (NYSE:PXD) announced today that
its board of directors declared a cash dividend of $0.16 per share on
Pioneer's outstanding common stock. The dividend is payable October
10, 2008 to stockholders of record at the close of business on
September 30, 2008.
KBR Awarded Recovery Boiler Rebuild Contract by Weyerhaeuser Company
KBR (NYSE:KBR) announced today that BE&K Construction, a division
of KBR's Services Business unit, has been awarded a contract by
Weyerhaeuser Company. The contract award is for the rebuild of a large
recovery boiler at Weyerhaeuser's cellulose fiber mill located in
Columbus, Mississippi.
Parallel Petroleum to Present at Hodges Capital Management Investment Forum
Parallel Petroleum Corporation (NASDAQ: PLLL) announced today that
its President & CEO, Larry Oldham, is scheduled to present at the 2008
HCM Investment Forum, hosted by Hodges Capital Management, on
September 4, 2008, at The Rosewood Crescent Hotel, located in Dallas,
Texas.
Campaign for Affordable and Reliable Energy (CARE) Launches Statewide Radio Blitz to Promote Sensible Energy Policy
FreedomWorks Oregon's Campaign for Affordable and Reliable Energy
(CARE) is launching a series of radio ads promoting the development of
clean, affordable, and reliable sources of energy, in addition to
exposing how anti-energy radicals are opposed not just to energy
development, but to our modern way of life.
Bergamo Acquisition Corp to Engage in a Large Energy Project
The board of directors of Bergamo Acquisition Corp (Pink Sheets:
BGMO) is pleased to announce, in connection with the company's
previous announcement concerning having entered into agreement with
the appropriate government agencies in Pakistan to provide alternative
solar energy, your company has entered into and reached preliminary
agreements with major suppliers of solar energy to enter into a joint
venture to supply up to 200 MW of solar energy in Pakistan. In
conjunction with this and in order to reflect this major adjustment in
your company's development, your board of directors has agreed to
reflect this change by changing the name of the company to Bergamo
Holding Corporation, which will have both Energy and Apparel as its
major divisions. In connection with the name change the company,
through its transfer agent, will request a change in the company's
CUSIP number, which will require all shareholders to return their
current stock certificates to be exchanged for the new certificates at
no additional cost to the shareholders.
GeoPetro Resources Company Provides Activity Update on the Alaska Cook Inlet Project
GeoPetro Resources Company ("GeoPetro" or the "Company")
(AMEX:GPR) (TSX:GEP) today provided an activity update regarding its
Alaska Cook Inlet Project.
A Map of U. S. Crude Oil Pipelines and Infrastructure is Now Available: Including over 150 Crude Oil Pipeline Systems
Research and Markets
(http://www.researchandmarkets.com/research/c0772a/u_s_crude_oil_pi)
has announced the addition of the "U. S. Crude Oil Pipelines and
Infrastructure Wall Map" map to their offering.
Detailed Full Color Wall Map of the U. S. Natural Gas Pipelines
Research and Markets
(http://www.researchandmarkets.com/research/abfca9/u_s_natural_gas)
has announced the addition of the "U. S. Natural Gas Pipelines Wall
Map" map to their offering.
Security Must Play Critical Role in Energy Discussions During Both Conventions, Industry Group Says
The American Coalition for Clean Coal Electricity (ACCCE) issued
this statement here today urging political leaders to include domestic
independence in dialogue surrounding energy policy: