Alternative Petroleum Technologies Receives Purchase Order from Refinery for Emulsified Fuel Oil
Alternative Petroleum Technologies S.A. (“APT”) announced it has received a purchase order from a refinery owned and operated by India’s largest oil company, the Indian Oil Corporation Limited (“IOC”). After several months of consideration under an arduous tender process, APT was awarded the right to deliver its heavy fuel oil emulsion technology for up to one year for certain steam generation and crude heating systems within one of IOC’s refineries.
Satish Makhija, a senior refinery specialist with APT, stated “we are very excited to introduce the APT heavy fuel oil emulsion technology to India with such a high profile customer.” Mr. Makhija, the former head of IOC’s Research and Development Center said he believes the award of the contract under the formal competitive bid process helps establish APT as the leader in the emerging field of fuel emulsions in India.
Delta Petroleum Announces Executive Leadership Changes
Delta Petroleum Corporation, an independent energy exploration and development company, today announced that Chairman and CEO Roger Parker has informed the Board of Directors that he is resigning from the Company.
“I am very proud of my 22 years at Delta,” said Roger Parker. “I believe Delta is well positioned for the future and that this is the appropriate time for me to pursue new business interests. I am resigning my positions with Delta today and leave with great fondness for the Company and its employees, but will remain involved as a consultant for six months to assist in a smooth transition and to provide continuity.” Read more
Delta Petroleum Announces Executive Leadership Changes
Delta Petroleum Corporation, an independent energy exploration and development company, today announced that Chairman and CEO Roger Parker has informed the Board of Directors that he is resigning from the Company.
“I am very proud of my 22 years at Delta,” said Roger Parker. “I believe Delta is well positioned for the future and that this is the appropriate time for me to pursue new business interests. I am resigning my positions with Delta today and leave with great fondness for the Company and its employees, but will remain involved as a consultant for six months to assist in a smooth transition and to provide continuity.” Read more
Shawn Canaday Promoted to Vice President of Berry Petroleum
Berry Petroleum Company (NYSE:BRY) (Company) today announced that Shawn M. Canaday, 32, has been promoted to vice president and controller effective immediately. Mr. Canaday will remain interim chief financial officer until such time as Mr. David D. Wolf assumes the roles of executive vice president and chief financial officer. Upon Mr. Wolf’s joining the Company, Mr. Canaday will report to Mr. Wolf. Read more
Crude oil tops $145 on supply concerns
Oil and copper hit record highs Thursday but various commodity markets ended down on cautious trade ahead of a long weekend in the United States to mark the Fourth of July.
Crude oil on the New York Mercantile Exchange crossed the $145-a-barrel milestone on bets that a weak dollar, sliding U.S. oil inventories and tensions between Israel and Iran would combine soon to bring prices to $150.
In a rare show of outperformance, Brent crude in London, which traditionally stays a step behind the prices of crude oil on the Nymex, went above $146 a barrel. Read more
