latest news releases from the newsroom
W2 Energy Inc.
W2 Energy Inc. to Acquire $10M in Project Finance
NEW YORK, Aug. 28, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of green energy, is pleased to announce it has passed the application process and is in underwriting with a mid-size south western banking firm to provide debt financing for a 1000 bbd (barrels per day) diesel fuel project. This project once completed will provide the company with a cash flow of approximately $20M per year.
Seadrill Secures New Contract for Jack-up
HAMILTON, Bermuda, Aug. 28, 2006 (PRIMEZONE) -- Seadrill has been awarded a letter of intent by Pearl Oil Thailand and Nucoastal for the jack-up drilling rig West Janus (Seadrill 6). The contract has a duration of 210 days with commencement in the second quarter 2007. The contract value is approximately US$40 million.
Seadrill Secures New Tender Rig Contract in West Africa
HAMILTON, Bermuda, Aug. 28, 2006 (PRIMEZONE) -- Seadrill has been awarded a new contract by Cabinda Gulf Oil Company Limited/Chevron International Exploration and Production for development drilling on the Tombua-Landana field offshore Angola. The contract has a duration of three years with commencement in the first quarter 2009. Estimated contract value is approximately US$162 million, including a US$8.5 million mobilization fee. Pending release date from exiting contracts, Seadrill will use either West Berani or West Setia for this assignment.
Nidec Beefs Up HDD Motor R&D Capacity in Japan
KYOTO, Japan, Aug. 27, 2006 (PRIMEZONE) -- Nidec Corporation announced today a plan to expand Nagano Technical Center (the "Center"), one of its Japan-based R&D facilities handling the design and development of small precision motors for use in hard disk drives.
Comair Issues Fact Sheet
CINCINNATI, Aug. 27, 2006 (PRIMEZONE) -- Comair is providing the following fact sheet as background information regarding the accident involving flight 5191.
Comair CEO Don Bornhorst Remarks Regarding Flight 5191
CINCINNATI, Aug. 27, 2006 (PRIMEZONE) -- On behalf of everyone at Comair, I cannot adequately express to you our sadness about this accident and our deep concern for everyone involved. My thoughts and prayers -- and the thoughts and prayers of the entire Comair team -- are with them.