latest news releases from the newsroom
Occidental Petroleum Corp.
Occidental Announces Permian Basin Acquisition
LOS ANGELES, May 19, 2005 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE: OXY) today announced the acquisition of an interest in oil and gas production from ExxonMobil in the Permian Basin of West Texas for a purchase price of approximately $972 million. The production being acquired from ExxonMobil is primarily from the Salt Creek, Sharon Ridge and Dollarhide fields.
Sempra Generation/Sempra Energy
Sempra Generation to Acquire Full Ownership of Nevada Power Plant
SAN DIEGO, May 19, 2005 (PRIMEZONE) -- Sempra Generation, a subsidiary of Sempra Energy (NYSE:SRE), today announced it has entered into an agreement to purchase Reliant Energy's 50-percent interest in El Dorado Energy, a 480-megawatt (MW) natural gas fired, combined-cycle power plant in Boulder City, Nev., for a total value of $132 million. The payment to Reliant Energy, net of project debt and closing adjustments, is expected to be approximately $75 million.
Syracuse Selects FieldTurf For Carrier Dome Plus Three Other Fields
SYRACUSE, N.Y., May 19, 2005 (PRIMEZONE) -- Syracuse University has selected FieldTurf as the new surface for The Carrier Dome and for three other university athletic fields, it was jointly announced today by SU Athletic Director Daryl Gross and FieldTurf CEO John Gilman. The order to FieldTurf for four fields is believed to be the largest single commitment by an NCAA school.
Neoware Announces Accelerated Vesting of Underwater Options
KING OF PRUSSIA, Pa., May 19, 2005 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of software, services, and appliances for thin client computing, today announced it has accelerated the vesting of all unvested options awarded to employees and officers under the Company's 1995 Stock Option Plan and the 2002 Non-Qualified Stock Option Plan which had exercise prices greater than $14.00 per share. Options to purchase approximately 530,000 shares became exercisable immediately, representing approximately 23% of the total options outstanding, as a result of the vesting acceleration. Of these 530,000 options, approximately 70% were scheduled to vest over the next 18 months.
Quest Oil Closes Initial Funding For Acadia Gas Project
ARLINGTON, Texas, May 19, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) is pleased to announce the successful closing of $750,000 in financing that will be used for the Acadia North Gas Project. Please see today's 8K at http://www.sec.gov for more detail.
Global Mobile 2006 Conference Goes in Search of the Killer Wireless Application
SAN DIEGO, May 19, 2005 (PRIMEZONE) -- Next year, San Diego will be ground zero for mobile carriers, wireless application developers, handset manufacturers, service providers and everyone interested in shaping the future of mobile communications, as the Global Mobile conference series returns to San Diego, California on May 10-12. For more information and to register for the world's premier conference related to mobile data communications, visit www.globalmobile.ac.