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Energy Industry Center

Occidental Petroleum Appoints New CFO

Occidental Petroleum Corporation has appointed James Lienert as executive vice president and CFO, effective August 15, 2010.
 

Nicor Q2 Net Income Widens

Nicor, a holding company engaged in the gas distribution business, has reported a net income of $24.2m for the second quarter ended June 30 2010, compared to $22.9m for the same period in 2009.
 

R&D News: Cutting soot emissions likely to save Arctic sea ice

Soot from the burning of fossil fuels and solid biofuels contributes far more to global warming than has been thought, according to a new Stanford University study.
 

PowerFilm Forms Strategic Relationship with Ferrari Textiles

PowerFilm, a manufacturer of solar panels, has formed a formal strategic relationship with Ferrari Textiles for developing and marketing a specifiable, differentiated building integrated solar product that combines the complementary strengths of Ferrari's leading architectural fabric products and market position with PowerFilm's breakthrough building integrated solar panels.
 

Fortum Inks Deal with PKE

Energy firm Fortum has signed a contract with the Polish Po?udniowy Koncern Energetyczny (PKE), part of Tauron Group, to reduce nitrogen oxides at Polish power plants. The E55m contract is the largest of its kind in terms of value in Poland.
 

DTE Energy Q2 Net Income Widens

DTE Energy has reported a net income of $87m for the second quarter ended June 30, 2010, compared to $84m for the same period in 2009.
 

Walter Energy Q2 Net Income Widens

Walter Energy has reported a net income of $116.16m, or $2.16 per diluted share, for the second quarter ended June 30, 2010, compared to $11.07m, or $0.21 basic diluted share, for the same period in 2009.
 

A-Power Renews Wind Turbine License Agreement with Fuhrlander

A-Power Energy Generation Systems has renewed its license agreement with German wind technology company Fuhrlander.
 

Eni Signs Framework Agreement with Egyptian Ministry of Petroleum

The Egyptian Ministry of Petroleum and Eni have signed a strategic framework agreement for the development of joint initiatives in the fields of exploration, production and transportation of hydrocarbons.
 

BP Reports $17.04 billion Loss in Q2

BP has reported a loss of $17.04 billion for the second quarter ended June 30, 2010 compared to a profit of $4.42 billion for the same period in 2009.
 

Atlas Pipeline Q2 Net Income Narrows

Atlas Pipeline Partners, an independent natural gas producer, has reported a net income of $0.65m for the second quarter ended June 30 2010, compared to $133.39m for the same period in 2009.
 

Entergy Names VP of Gas Distribution Business

Electric and gas utility Entergy New Orleans has named Don Vinci as vice president of the company's gas distribution business.
 

NRG Energy Q2 Net Income Narrows

NRG Energy, a wholesale power generation company, has reported a net income of $210m for the second quarter ended June 30 2010, compared to $432m for the same period in 2009.
 

Duke Energy Names Chief Communications Officer

Duke Energy, a US-based electric power holding company, has named Ginny Mackin as new senior vice president and chief communications officer.
 

OPT Wins £1.5m SWRDA Grant in UK

UK-based Ocean Power Technologies, a subsidiary of Ocean Power Technologies, Inc. (OPT), has won a £1.5m grant from the South West of England Regional Development Agency (SWRDA) for the development of its next generation 500kW PowerBuoy wave power system.
 

Eni Starts Up Onshore Oil Production from Arcadia Field

Energy firm Eni has started oil production from the new Arcadia field, in the Western Desert of Egypt, only 45 days after its discovery. Additional gas potential has been also proved by testing the well in the deeper Katatba formation (Jurassic).
 

Vphase Gets European Patent

Vphase, a provider of energy saving products for residential and small commercial properties, has said that the European Patent Office has granted a European voltage control patent to the group.
 

BP Appoints New CEO

BP has appointed Robert Dudley as new CEO. Tony Hayward is to step down as group chief executive with effect from October 1, 2010.
 

B&W to Locate IST Facility in Virginia

The Babcock & Wilcox Company (B&W) will locate its mPower Integrated System Test (IST) facility in Bedford County, Virginia, at the center for Advanced Engineering and Research (CAER), currently being constructed at the New London Business & Technology Center.
 
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