InfoGrok Energy, a leading energy industry news and business intelligence website is reporting that Xtreme Oil & Gas has revealed that it has rights to acquire 50 percent of the leases and working interest on 8,516 acres in Kansas.
Xtreme has agreed to purchase the working interest from Husky Ventures which will initially be the operator of the project.
Xtreme said that its newest project in Kansas is part of a larger trend that has produced 23,824,000 barrels of oil from the Maquoketa Dolomite and the Viola Dolomite formations representing …

InfoGrok Energy, a leading industry suppliers and b2b news website is reporting that South African energy firm Sasol has signed a second agreement with the Canada-based Talisman Energy. The agreement is to acquire a 50 percent stake in their Cypress A shale gas asset located in the Montney basin of British Columbia.
Consistent with the Farrell Creek shale gas acquisition, this second acquisition will see Talisman Energy retain the remaining 50 percent interest and continue to operate the Cypress A gas asset.
According to Sasol, assets included in the transaction …

InfoGrok Energy, a leading energy news and b2b community website is reporting that Purdue University researchers are developing a technology that will potentially make solar cells more affordable and efficient by using a new manufacturing method that employs an ultrafast pulsing laser.
Yung Shin, a professor of mechanical engineering at Purdue University’s Center for Laser Based Manufacturing, said: “The innovation may help to overcome two major obstacles that hinder widespread adoption of solar cells: the need to reduce manufacturing costs and increase the efficiency of converting sunlight into an electric …

InfoGrok Energy, a leading energy industry suppliers website is reporting that Royal Dutch Shell has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helios Investment Partners for a total consideration of some $1 billion.
Under the new agreements, the oil giant will retain equity in 2x new companies, which will assure continued availability of Shell fuels and lubricants in 14x African countries (under Shell branding).
One JV will own and operate Shell’s existing oil products, distribution and retailing businesses in 14 …

InfoGrok Energy, a leading energy industry news and business community is reporting that GE and Fuji Electric Holdings have formed a joint venture to design, build, market and service a new generation of electric meters, supporting Japan’s advancement to a smart grid infrastructure.
The newly formed JV, GE Fuji Meter Company, builds upon GE’s smart meter technology and Fuji Electric’s Japan-based manufacturing and sales network to provide quality, cost effective meters to the country. Smart meters provide utilities and consumers with information to help them better monitor, understand and control …

InfoGrok Energy, a leading UK-based energy industry and business news website is reporting that the board of IGas Energy, a developer of unconventional gas resources in the UK, has signed an agreement to acquire Nexen Exploration UK, a wholly owned subsidiary of Nexen.
As a result, IGas Group will become the operator and sole owner of each of its licences.
IGas’ contingent recoverable resource 2C (P50) will increase by 115 percent to 1,736bcf or 290 million barrels of oil equivalent and its current production will almost triple.
The energy industry …

InfoGrok Energy, a leading energy industry news and research portal is reporting that Camac Energy has finalized and executed a definitive purchase and continuation agreement with Allied Energy and certain of its affiliates to acquire all of Allied’s remaining interest in a production sharing contract (PSC) which relates to oil mining leases 120 and 121 granted to Allied by the Federal Republic of Nigeria.
Allied and one of its affiliates together own about 62% of Camac Energy’s outstanding stock.
Camac Energy previously acquired all of Allied’s interest with respect to …

InfoGrok Energy, a leading energy industry news and company benchmarking website is reporting that energy services provider John Wood Group has entered into an agreement to acquire PSN for a total enterprise value of $955m.
PSN will merge with Wood Group’s production facilities unit to create the brownfield production services provider, Wood Group PSN.
PSN’s CEO, Bob Keiller will become CEO of the combined production services business and the deputy CEO will be Les Thomas, currently CEO of Wood Group Production Facilities. On completion, Mr Keiler will join the Wood …

InfoGrok Energy, a leading energy industry news and energy market research website is reporting that Canadian Solar Solutions and SkyPower, a developer of solar energy projects, have signed an engineering, procurement and construction (EPC) agreement.
As part of the new agreement, Canadian Solar Solutions will commission two solar parks with a nameplate capacity of 18.5Mw in Ontario. SkyPower recently closed financing on the projects with Deutsche Bank.
The agreement will result in the creation of new green energy jobs and will further accelerate Canadian Solar’s EPC turn-key business in Ontario. …

InfoGrok Energy, a leading energy industry news and energy company benchmarking website is reporting that Occidental Petroleum Corporation has signed an agreement to sell Argentine oil and gas operations for after-tax proceeds of approximately $2.5 billion with a subsidiary of Sinopec.
Occidental also had signed agreements to purchase oil and gas properties in South Texas and North Dakota for about $3.2 billion. In addition, Occidental has signed an agreement to increase its general partner (GP) ownership in Plains All-American to approximately 35%; and it has agreed to acquire the remaining …