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Press Releases: PR Newswire: Oil/energy

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Marathon and Partners Achieve First Oil and Gas Production From Neptune Development in the Deepwater Gulf of Mexico

Marathon Oil Corporation (NYSE: MRO) and its partners, announced today that the Neptune development in the deepwater Gulf of Mexico has begun production of oil and natural gas. Neptune is being developed with a tension leg platform installed in Green Canyon Block 613 at a water depth of 4,250 feet. The facility's design capacity is 50,000 barrels of oil and 50 million cubic feet of gas per day.

Abu Dhabi Opens Worldwide Nominations and Submissions for Zayed Future Energy Prize

2007 Nobel Laureate Dr. Rajendra Kumar Pachauri and Masdar CEO, Dr. Sultan Al Jaber today announced the official call for nominations and submissions for the Zayed Future Energy Prize (ZFEP), an international awards program to recognize individuals, companies, organizations, and NGO's who are leading the global search for future energy solutions.

Oil Prices Continuing to Rise, China Faces Challenges in a New Energy Era

China's National Development and Reform Commission announced the increase on diesel prices ( http://news.tootoo.com/Chemicals/Petroleum_Products/ ) by 1,000 Yuan per ton, and aviation kerosene prices by 1,500 Yuan per ton on June 19, 2008. As a result, the price of 93-octane petrol, used most by private cars, increased by 0.8 Yuan at least. 93-octane petrol price in Beijing is 6.2 Yuan per liter now, up 0.86 Yuan.

TriMas Promotes Schwartz To Executive Vice President

TriMas Corporation (NYSE: TRS) - a diversified growth company of specialty niche businesses - today announced Edward Schwartz has been promoted to Executive Vice President responsible for the operational oversight of four of TriMas' business segments: Energy Products, Industrial Specialties, RV & Trailer Products and Recreational Accessories. Schwartz currently serves as the Group President of the RV & Trailer Products and Recreational Accessories segments, and previously was the Group President of the businesses within the Industrial Specialties and the Energy segments. Schwartz has been a member of the TriMas management team since February 2003.

Teton Energy to be Included in the Russell Microcap Index.

Teton Energy Corporation ("Teton" or the "Company") (Amex: TEC) announced today that it will be included in the Russell Microcap Index at the close of the market June 27, 2008. The Russell Microcap Index measures performance of the microcap segment, representing less than 3 percent of the U.S. equity market. The Russell Microcap includes the smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next 1,000 securities.

Austral Pacific Reports Results of A6 Well Drilling and Notification of Waihapa Production Station Temporary Shut Down

Austral Pacific Energy Ltd. (TSX-V: APX; NZSX: APX)

New Budget Makes Major New Investments in Environment, Energy, Pennsylvania Governor Rendell Says

Governor Edward G. Rendell said today that issues critical to continuing the commonwealth's economic progress and protecting its citizens will be addressed as part of the state's 2008-09 budget.

Pennsylvania Governor Rendell Says New Budget Protects Progress; Stimulates Economy, Invests in Education

the tab for which just continues to rise.

TAG Oil Provides Drilling Update

MPX Announces That Construction has Started at UTE Porto do Pecem

MPX Energia S.A. (Bovespa: MPXE3), informs that civil works at UTE Porto do Pecem have begun.

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Royal Dutch Shell plc: Buyback of Own Shares

Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) announces that on 4 July, 2008 it purchased for cancellation 330,000 "B" Shares at a price of 1954.78 pence per share.
Infinity Bio-Energy Ltd. Private Placement

Infinity Bio-Energy Ltd. ("Infinity" or the "Company") (AIM: IBI.L) is pleased to announce today that it has completed an aggregate of approximately US$38 million in new financing comprising approximately (i) US$17 million of common equity ("Common Equity") and (ii) US$21 million of convertible notes ("Notes").
Texas Governor Perry, Food Industry Leaders Urge EPA to Suspend Ethanol Mandate

Today, leaders from several food industry associations shared a stage with Governor Rick Perry (R-TX) to call on the Environmental Protection Agency to approve his Renewable Fuels Standard (RFS) waiver request. Governor Perry addressed an audience of food producers, environmentalists and consumer advocates at the National Press Club who joined together to express their support for revisions to current policies that promote the conversion of food into fuel.
MyGallons Responds to Better Business Bureau Reports

MyGallons, the consumer solution for rising gas prices, has learned that its vendor, US Banks Voyager Network/GoGas Fleet, will not be honoring the agreement to provide redemption services for our program. Having tested the program since April of this year, MyGallons expects a seamless transition to a competing national payment network and any report to the contrary is false. We will be announcing our new national payment network soon. The change in payment networks will have very little impact on the thousands of MyGallons members, will not affect MyGallons daily operations and will have little impact on the number of filling stations that will accept the MyGallons card nationwide. We look forward to and are excited to announce our new payment network to our members. MyGallons appreciates the overwhelming support it has received from the American public and is excited to continue to offer its customers Tomorrow's gas at Today's prices.
Spirit Airlines Attacks Record Fuel Prices

Spirit Airlines attacks record high fuel prices by revising 2008 growth, cutting 15% of non-fuel costs, continuing to increase non-ticket revenue and continuing to expand to the Caribbean and Latin America.
Spectra Energy Declares Increased Quarterly Dividend

Spectra Energy Corp (NYSE: SE) today declared an 8.7 percent increase in its quarterly cash dividend on its common stock, from $0.23 to $0.25 per share. The dividend is payable September 15, 2008, to shareholders of record at the close of business August 15, 2008.
Kevin Harvick and Pennzoil To Launch National 'Clean Change Campaign'

An old adage states clearly that "oil and water don't mix," and Pennzoil wants to make sure do-it-yourself oil changers see to this literally by raising awareness of the need to recycle used oil. That's because improperly disposing of the used oil from just one oil change can contaminate one million gallons of drinking water.
PSE&G Suggests Ways to Beat the Heat and Higher Electric Bills

Summer heat is here in force and demand for electricity is rising as people turn on fans and air conditioners to keep cool.
Industry Groups and Consumer Advocates Unite Around Energy Costs

A broad coalition of industry trade associations and consumer groups has come together to ask President George W. Bush to act now against excessive speculation driving energy prices to historic highs.
CSC Signs New $22 Million IT Outsourcing Contract With Urenco

CSC (NYSE: CSC) announced today that it has signed a new information technology (IT) outsourcing contract with Urenco, a leading supplier of enriched uranium to nuclear power utilities worldwide. The new six-year agreement, which is valued at $22 million (10.9 million pounds sterling), follows a seven-year, 23 million pounds sterling IT outsourcing contract Urenco awarded to CSC in March 2007.

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