City of Industry, CA --(www.USEquityNews.com)-- 11/01/2007 - Energy industry alert provided by U.S. Equity News. Holloman Energy Corporation (OTCBB: HENC), an emerging oil and gas exploration and development company, recently announced the appointment of Mr. Mark Stevenson and Mr. Eric Prim to the Board of Directors. Mr. Stevenson and Mr. Prim are senior executives of the Holloman Corporation of Houston, Texas. Holloman Corporation is one of the largest entirely employee owned engineering, procurement and construction companies in the United States. For the full StocksJournal CFA report, please visit, http://www.stocksjournal.com

Chevron Corporation (NYSE: CVX) and the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) recently announced that they have entered into a collaborative research and development agreement to study and advance technology to produce liquid transportation fuels using algae. Chevron and NREL scientists will collaborate to identify and develop algae strains that can be economically harvested and processed into finished transportation fuels such as jet fuel. Chevron Technology Ventures, a division of Chevron U.S.A. Inc., will fund the initiative. The research project announced recently is the second under a five-year strategic biofuels research alliance between Chevron and NREL announced in October 2006.

The Board of Directors of Exxon Mobil Corporation (NYSE: XOM) recently declared a cash dividend of 35 cents per share on the Common Stock, payable on December 10, 2007, to shareholders of record of Common Stock at the close of business on November 9, 2007. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2007.Through its dividends, the corporation has shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for 25 consecutive years.

Machinery maker Dresser-Rand Group Inc. said recently it signed a deal worth about $100 million to provide equipment to Spanish integrated oil company Repsol YPF SA (NYSE: REP). The agreement covers products and services over the next two years. Dresser-Rand will build a steam turbine at a Repsol refinery in Tarragona, Spain, and two compressors at a separate refinery in Bilbao, Spain. Those projects have a combined value of $33 million.

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