HR Biopetroleum changes name to Cellana

Algae-based biofuels and bioproducts company HR BioPetroleum, Inc. has changed its name to Cellana, Inc., promoted Martin Sabarsky to president and chief executive officer, and elected Mike May to the board of directors.
Former CEO Ed Shonsey will rem…

Estonian shale oil company acquires shale interests in Utah

With the recent approval of the Committee on Foreign Investment in the United States (CFIUS), Eesti Energia (internationally known as Enefit) of Estonia has purchased a 100% interest in Oil Shale Exploration Company (OSEC) of Alabama, which has signifi…