Energy Sector

Gran Tierra Energy announces ‘Capital Spending Program’ worth $198 million

Gran Tierra Energy Inc., one of the largest exploration landholders in the Putumayo Basin of southern Colombia, has announced a capital spending program worth US$198 million for exploration and production development operations in Colombia, Peru, and Argentina for 2009.

Encore Energy acquires Oil, Natural gas resources

Texas-based Encore Energy Partners LP has signed an agreement to acquire oil and natural gas producing properties in the Arkoma Basin and royalty interest properties primarily in Oklahoma as well as 10,300 unleased mineral acres from Encore Acquisition Company. 

Peabody Energy enters into a sales pact for 62.5% stake in Baralaba Mine

Peabody Energy enters into a sales pact for 62.5% stake in Baralaba MinePeabody Energy, the world's largest private-sector coal company, has entered into a sales agreement for its 62.5 percent interest in the Baralaba Mine in Australia with Cockatoo Coal Limited.

Finavera Renewables inks MoU with GE Energy; stock gains 45%

Canadian firm Finavera Renewables Inc.

Flowserve Corp. inks 10-year strategic pact with Saudi Aramco

Dallas-based Flowserve Corporation, one of the world's leading providers of flow control products and services for the global infrastructure markets, has inked a 10-year strategic supplier pact wit