Worldwide Energy articles from February 2003

Worldwide Energy archives from February 2003

Electric city awarded Morgan Stanley energy retrofit project.
February 1, 2003... Electric City Corp. (AMEX: ELC), Elk Grove Village, Ill., has been awarded a contract for an energy retrofit project for six Morgan Stanley facilities in New York and New Jersey. The project also includes long-term, 24-hour system monitoring of...

Avenue Energy exercises option for Tosun-1 well in Turkey.
February 1, 2003... Avenue Energy, Inc. ("Avenue"), Sherman Oaks, Calif., a wholly owned subsidiary of I.T. Technology, Inc. (OTCBB:ITTE) (Frankfurt:ITQ) has exercised its initial option in connection with its participation in the Tosun-1 well and License located...

Exploration company announces 2003 capital budget.
February 1, 2003... The Exploration Company (Nasdaq:TXCO), San Antonio; Texas, has announced its 2003 capital expenditure budget. TXCO's board of directors approved the $27.4 million budget, which includes 93 gross wells targeting five different productive...

AES Andres finances $145 million for LNG terminal.(AES Corp.)
February 1, 2003... The AES Corporation (NYES:AES), Arlington, Va., has announced that its subsidiary, AES Andres, has completed a $145 million non-recourse financing to fund the completion of the construction of a $400 million liquefied natural gas ("LNG") import...

SCS signs oil/gas farmout pact for offshore West Africa.(SCS Corp.)(Brief Article)
February 1, 2003... HyperDynamics Corp., (OTCBB:HYPD), Houston, Texas, has announced that its wholly owned subsidiary, SCS Corporation, has entered into an oil & gas farmout agreement with USOil Corporation (USOil) of Houston, Texas. Under this agreement, SCS...

PNG Ventures buys interest in Athabasca/Firebag Oil.
February 1, 2003... PNG Ventures Inc., Nanaimo, B.C., has purchased a significant interest in the Athabasca and Firebag Oil prospects from Anhydride Petroleum (Canada) Inc. a wholly owned subsidiary of Uranium Power Corporation (OTC BB: URMP). The prospects are...

Cheniere advances freeport LNG development project.(Cheniere Energy Inc.)(Brief Article)
February 1, 2003... Cheniere Energy Inc. (AMEX:CXY), Houston, has announced that Charles M. Reimer has accepted the position of president and chief operating officer for Freeport LNG Development, L.P. ("Development"). Development was formed by Michael S. Smith...

Cryoenergy acquires CryoFuel's license for LNG systems.(CryoEnergy International Inc.)(CryoFuel Systems Inc.)(Brief Article)
February 1, 2003... CryoEnergy International, Inc. (CEII), a company established and funded by an investment group headed by the Prometheus Venture Fund LLC and Norwood LDK, LLC, has successfully completed negotiations for an exclusive worldwide license to...