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Air Storage Investigated For Energy

A New Jersey company is working to harness wind power with turbines to produce compressed air that can be stored underground or in tanks and released later to power generators during peak hours.

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  • ONGC Buys Imperial Energy For $2.58B
    India's Oil & Natural Gas Corp. will acquire Imperial Energy for £1.4 billion.
  • PetroChina To Buy Out JV
    PetroChina Co. has agreed to buy the 50% stake in a joint venture held by parent company China National Petroleum Corp., for $11.8 billion.
  • Saudi Arabia Hot For Solar Energy
    With the cost of oil skyrocketing, Saudi Arabia is grabbing the attention of a growing number of European leaders, who are embracing an ambitious proposal to harvest this solar energy for their nations.
  • Britain Still Backs EDF Deal
    Britain continues to support a tie-up between British Energy and French energy group EDF, energy minister Malcolm Wicks said.
  • Gasco Energy To Launch $250M Offering
    Gasco Energy has filed to periodically sell up to $250 million in debt securities, preferred and common stock, and other securities.

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