--(www.USEquityNews.com)-- 07/17/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. NATCO Group Inc. (NYSE: NTG) recently announced that it has been awarded a $24.9 million contract to provide membrane separation technology and equipment to capture CO2 for re-injection in Bouri, Libya's largest offshore oil field. Eni Oil Limited Libyan Branch operates the Bouri production platforms in the Mediterranean Sea, one of which will house the pre-treatment equipment and membrane systems intended to treat more than 160MM SCFD gas. NATCO will supply a Cynara(R) membrane system for the selective capture of CO2 from the gas stream for this retrofit project on the existing platform.
W&T Offshore, Inc. (NYSE: WTI) announced recently that it will release its second quarter 2008 financial and operations results at approximately 6:00 a.m. Eastern on Tuesday, August 5, 2008. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Tuesday, August 5 at 9:00 a.m. Eastern (8:00 a.m. Central). For those who cannot listen to the live call, a telephonic replay will be available through August 12, 2008 and may be accessed by calling (303) 590-3000 and using the pass code 11117572. Also, an archive of the webcast will be available after the call on the "Investor relations home" page under the "Investor Relations" section of the Company's website.
Grey Wolf, Inc. (AMEX: GW) invites you to join Thomas P. Richards, Chairman, President and Chief Executive Officer, David J. Crowley, Executive Vice President and Chief Operating Officer and David W. Wehlmann, Executive Vice President and Chief Financial Officer, Friday, August 1, 2008 at 9:00 a.m. CT for a discussion of operating results for the second quarter 2008. Grey Wolf will release earnings after the market closes on July 31, 2008. Please call ten minutes ahead of time to ensure proper connection. The conference call will be recorded and available for replay at 11:00 a.m. CT on August 1, 2008 until 11:00 a.m. CT on August 3, 2008.
Diamond I, Inc. (OTCBB: DMOI), a reporting company trading on the OTCBB that is to change its name to "US BioFuels Exchange, Inc.," announced recently that it has obtained the first round of funding for its online biofuels exchange, USBiofuelsExhange.com (the "US-BX"). This first funding was obtained from a group of investors, including petroleum and biofuels marketing veterans and petroleum and biofuels marketing companies. This funding assures the launch of the US-BX. "This type of industry support certainly bolsters our belief that the time for the US-BX is now," said Tom Gray, DMOI's newest director. "We are excited with the building momentum and look forward to announcing more developments in this important project."
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