The Qatalum aluminium plant in Qatar suffered a sudden shutdown of primary aluminium production, due to a power outage that occurred at 04:40 hrs on the 9th of August 2010. Power was out for almost five hours, leading to a significant drop in temperature in the reduction cells and making it impossible to resume metal [...]
Orion Energy International Inc. (“Orion”) announced that the company’s controlling shareholder, Dr. Louis Yang, has recently entered into a memorandum of understanding (“MOU”) with Hong Kong listed Genesis Energy Holdings Limited (“Genesis Energy”, to be renamed as ‘Sino Oil and Gas Holdings Limited’, HKEx: 702). Pursuant to the MOU, Genesis Energy plans to acquire the [...]
Lucas Energy, Inc. today announced that the Company has closed the second part of its Eagle Ford joint venture with Hilcorp Energy I, L.P., an affiliate of Hilcorp Energy Company, one of the largest privately owned oil and gas companies in the United States. Hilcorp Energy I, L.P. has acquired interests in additional leases in [...]
