Purdue University will operate a new federally funded facility to test aircraft engines and develop alternative fuels. The National Test Facility for Fuels and Propulsion is funded with a $1.35 million grant from the US Air Force and will be housed in the Niswonger Aviation Technology Building at the [...]
The US Department of Energy has selected Clemson University to receive up to $45 million under the American Recovery and Reinvestment Act for a wind energy test facility that will enhance the performance, durability, and reliability of utility-scale wind turbines.
Wind turbine sizes have increased with each new generation of [...]
The US Department of Energy (DOE) is providing $8 million to Argonne National Laboratory for detailed design work for a new, world-class energy research facility. This is the first step in beginning work on what is expected to be a $95 million construction project.
The Energy Sciences Building (ESB) [...]
Colin Peterson submits: Callon Petroleum (CPE) is a small independent oil and gas company that engages in acquisition, exploration, development, and production in the onshore and offshore Gulf Coast region.
The market cap is only $35 million, with an enterprise value [...]
Following receipt of a $95 million grant from the US Department of Energy under the American Recovery and Reinvestment Act and successful negotiations between Saft, the state of Florida, and the city of Jacksonville, construction will soon begin in Jacksonville for a lithium-ion battery factory.
The total estimated cost of [...]
The Government of Canada will invest up to C$77.75 million (US$74.5 million) over seven years in Terra Grain Fuels’s (TGF) wheat ethanol facility to support the production of ethanol in Saskatchewan, sustain job creation and help stimulate the economy.
The Terra Grain Fuels ethanol plant, near Belle Plaine, [...]
Global oil demand is expected to advance 1 percent a year to 105 million barrels a day by 2030 from 85 [...]
The Kansas Geological Survey based at the University of Kansas has received a nearly $5 million grant from the US Department of Energy (DOE) to study the feasibility of storing carbon dioxide underground.
Awarded as part of the American Recovery and Reinvestment Act, the grant is the largest ever received [...]
Global power company AES Corporation entered a binding stock purchase agreement with a wholly owned investment subsidiary of China Investment Corporation (CIC) to raise $1.58 billion of new equity to fund growth opportunities and extend its global leadership in the power sector.
At close, CIC will acquire 125.5 million shares [...]
The UK-backed Technology Strategy Board is investing £4.5 million (US$$7.5 million) in a new £9-million research and development project that [...]
The US Department of Energy (DOE) is providing up to $5.5 million in funding from the American Recovery and Reinvestment Act to support the X PRIZE Foundation’s work to inspire a new generation of energy efficient vehicles. The funding, which builds on a partnership with the X PRIZE Foundation [...]
Researchers from Michigan State University have been awarded $2.5 million from the Department of Energy’s ARPA-E program (earlier post) to complete its prototype development of a [...]
The Swedish government’s venture capital company for the automotive industry, Fouriertransform, is investing SEK 60 million (US$8.5 million) in Powercell Sweden AB, which develops, produces and sells fuel cells, fuel reformers and auxiliary power units. This is Fouriertransform’s first investment.
Powercell Sweden was formed in 2005 as a joint venture [...]
Thats the most that can be produced. So when recession causes a temporary decrease in world consumption, it can seem like those 85 million barrels are enough. But consumption is bound to resume its upward climb, while those 85 million barrels a day are all we [...]
Oct 22 - ESAI estimates the global contraction in oil demand will average around 1.75 million b/d in 2009 and then oil demand will grow by at least 1.3 million b/d in 2010. OPEC production has begun creeping up, although quota discipline remains impressive in the face of almost $80 [...]
