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Energy & Utilities Industry News

/C O R R E C T I O N -- BJ Services Company/ (6:06:00pm Mon Nov. 23, 2009 CDT)

In the news release, "BJ Services Reports Fourth Fiscal Quarter Net Loss From Continuing Operations of $0.01 per Diluted Share," issued 23-Nov-2009 by BJ Services Company, PR Newswire inadvertently issued the news release with an error in the Condensed Consolidated Statement of Operations. In the first table, "Condensed Consolidated Statement of Operations," second line item, "Cost of sales and services:" the entry for June 30 2009 should read 731,948 rather than 15,922. The complete, corrected release follows: ...

Pinnacle Announces Third Quarter Earnings (5:26:00pm Mon Nov. 23, 2009 CDT)

SHERIDAN, Wyo., Nov. 23 /PRNewswire-FirstCall/ -- Pinnacle Gas Resources, Inc. (Nasdaq: PINN) today reported the Company's financial results for the third quarter and nine months ended September 30, 2009 which included the following information: ...

Norwood Will Redrill San Bartolo Sidetrack Well (4:58:00pm Mon Nov. 23, 2009 CDT)

VANCOUVER, Nov. 23 /PRNewswire-FirstCall/ - Norwood Resources Ltd. (the "Company") announces that the Company will drill a second sidetrack well at San Bartolo, Nicaragua. The first sidetrack well, SB-1X is considered too degraded for adequate testing of the principle hydrocarbon targets. The hole stability was compromised during low pressure nitrogen lift operations, when borehole pressures fell below formation strength resulting in hole collapse problems. Rather than risk the testing of SB-1X under these conditions, the Company has decided to drill another sidetrack utilizing available equipment presently at the well-site. ...

SABESP Announces 4th Issuance of Promissory Notes (4:34:00pm Mon Nov. 23, 2009 CDT)

SAO PAULO, Nov. 23 /PRNewswire-FirstCall/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp ("SABESP" or the "Company") (NYSE: SBS; Bovespa: SBSP3), pursuant to the provisions of Instruction 358, of January 3, 2002, of the Brazilian Securities and Exchange Commission ("CVM"), as amended, hereby informs its shareholders and the market in general that SABESP's Board of Directors, at a meeting held on November 5, 2009, approved the 4th issuance of promissory notes of the Company, for public offering, on a firm commitment and restricted efforts placement basis, pursuant to CVM Instruction 476, of January 16, 2009 ("CVM Instruction 476"), in the total amount of nine hundred million reais (R$900,000,000.00) ("Promissory Notes" and "Offering"). ...

The SEG's 79th Annual Meeting Attendance Nearly 9,300 (4:28:00pm Mon Nov. 23, 2009 CDT)

TULSA, Okla., Nov. 23 /PRNewswire/ -- The 79th Annual Meeting and International Exposition of the Society of Exploration Geophysicists (SEG) was one of the most successful in recent years. Attendance was nearly 9,300, surpassing recent annual meeting delegate totals by nearly 1,000 delegates. The increasingly international nature of SEG's membership, now more than 32,000, was evidenced by delegates from 85 countries. The near sold-out exposition floor covered 375,000 square feet which was populated by booths from more than 360 exhibitors. In the words of Apache's Klaas Koster, SEG president-elect, "The exhibition floor had booths from pretty much every significant player with an ambition to reach a global audience; major and national oil companies were recruiting, hardware and software were demonstrated, and services and education were offered. In short, a vibrant marketplace alive with buyers and sellers." ...

ATWOOD OCEANICS Announces Fourth Quarter Earnings for FY 2009 (4:04:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- ATWOOD OCEANICS, INC. (NYSE: ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $48,284,000 or $0.75 per diluted share, on revenues of $131,044,000 for the quarter ended September 30, 2009 compared to net income of $74,753,000 or $1.16 per diluted share, on revenues of $160,654,000 for the quarter ended September 30, 2008. For the twelve months ended September 30, 2009, the Company earned net income of $250,745,000 or $3.89 per diluted share, on revenues of $586,507,000 compared to net income of $215,438,000 or $3.34 per diluted share, on revenues of $526,604,000 for the twelve months ended September 30, 2008. ...

ThermoEnergy Announces the Completion of the Second Phase of its Recapitalization Plan and Changes in Management (4:00:00pm Mon Nov. 23, 2009 CDT)

LITTLE ROCK, Ark., Nov. 23 /PRNewswire-FirstCall/ -- ThermoEnergy Corporation (OTC Pink Sheets: TMEN) today announced that the Company completed the second phase of its recapitalization. The second phase of the plan raised from its investors $1.4 million in cash and retired $5.9 million of outstanding debt and interest in exchange for 3.0 million shares of Series B Convertible Preferred Stock and 5.6 million common stock purchase warrants. The Series B Convertible Preferred Stock were issued at $2.40 per share and are convertible, at any time at the discretion of the holder, into 10 shares of common stock. The warrants have a term of five years and an exercise price of $0.50 per share. Both instruments include conventional weighted average anti-dilution provisions. All parties to this second tranche of our recapitalization provided the Company with complete and general releases to all claims in the past and present, whether known or unknown. ...

Fibrowatt LLC Selects Fagen, Inc. as the EPC Contractor for up to Three Biomass-Fueled Power Projects in the Southeast United States. (3:18:00pm Mon Nov. 23, 2009 CDT)

GRANITE FALLS, Minn., Nov. 23 /PRNewswire/ -- Fibrowatt LLC, a member of the Homeland Renewable Energy Group, announced today it has executed an initial agreement with Fagen, Inc. for the engineering, procurement, and construction (EPC) of its first biomass-fueled power project in North Carolina. The primary fuel consumed by this power plant will be poultry litter. The agreement can also be extended to two additional projects. The terms of the agreement remain confidential. ...

Copano Energy to Present at the 2009 FBR Capital Markets Fall Investor Conference (3:15:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- Copano Energy, L.L.C. (Nasdaq: CPNO) announced today that R. Bruce Northcutt, its President and Chief Executive Officer, will speak at the 2009 FBR Capital Markets Fall Investor Conference, to be held December 1-2, 2009 in New York City. ...

Spectra Energy Announces Open Season for Texas Eastern Appalachia to Market (TEAM) 2013 Expansion Program (2:15:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- Spectra Energy Corp's (NYSE: SE) Texas Eastern Transmission, LP (Texas Eastern) today announced an open season for TEAM 2013, a proposed expansion of its existing Texas Eastern system to deliver additional, emerging Appalachian and Marcellus Shale natural gas supplies to premium markets in the U.S. Northeast. The TEAM 2013 open season is in addition to the previously announced TEAM 2012 expansion which will provide customers with up to 300 million cubic feet per day (Mmcf/d) of capacity by the fourth quarter 2012. ...

CAMAC Signs Purchase and Sale Agreement on Oyo Oilfield With Pacific Asia Petroleum (2:14:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire/ -- CAMAC Energy Holdings Limited today announced it signed a Purchase and Sale Agreement covering the Oyo Oilfield which will result in its acquiring a 62.74% ownership interest in Pacific Asia Petroleum, Inc. (PAP) headquartered in Hartsdale, New York. ...

Best Energy Services to File Second Quarter Results on Monday November 23, 2009 (1:46:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- Best Energy Services, Inc. (OTC Bulletin Board: BEYS) will file its financial results for the three and nine months ended September 30, 2009 on Monday, November 23, 2009. ...

Spectrum Blue Steel and TGEG Announce Their Go Green Campaign for 2010 (12:50:00pm Mon Nov. 23, 2009 CDT)

MANILA, Philippines, Nov. 23 /PRNewswire-FirstCall/ -- In an announcement today, Ronald Flynn, Founder of Spectrum Blue Steel, stated, "We have initiated the fastest growing alternative energy program in Asia -- not only securing clean, green, renewable energy sources to power the Philippines but encouraging environmental innovation, and technologies that will spur economic growth and grow tomorrow's green energy jobs." ...

Reportlinker Adds World Water Treatment Products - 2009 Edition (12:37:00pm Mon Nov. 23, 2009 CDT)

NEW YORK, Nov. 23 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue. ...

Reportlinker Adds U.S. Solar Energy Demand Dynamics (12:33:00pm Mon Nov. 23, 2009 CDT)

NEW YORK, Nov. 23 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue. ...

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