HOUSTON Duncan Energy Partners L.P. (NYSE:DEP - News) today announced that the board of directors of its general partner declared an increase in its quarterly cash distribution rate paid to partners to $0.44 per common unit, or $1.76 per unit on an annualized basis. The cash distribution will be paid Thursday, November 5, 2009, to [...]
CALGARY, Sept. 11 /PRNewswire-FirstCall/ - Compton Petroleum Corporation (TSX - CMT, NYSE - CMZ) is pleased to announce the terms of its previously announced public offering (the “Offering”) of units of Compton (”Units”). Compton has entered into an agreement with a syndicate of underwriters, led by Canaccord Capital Corporation and including BMO Capital Markets Inc., [...]
Patriot Coal Corporation (NYSE: PCX) today announced the closing of the Samples surface mine located in southern West Virginia. Patriot’s affiliate, Catenary Coal Company, in compliance with the Worker Adjustment and Retraining Notification Act (”WARN”), advised employees that their employment at the Samples mine will be terminated effective October 5, 2009. The mine has [...]
CALGARY, July 2 /PRNewswire-FirstCall/ - Compton Petroleum Corporation (TSX - CMT, NYSE - CMZ) is pleased to announce the completion of the annual renewal of its reserve-based credit facility (the ‘Facility’) with a syndicate of four Canadian and international banks (the ‘Syndicate’). Under the terms of renewal, the Corporation has available to it a revolving [...]
Enterra Energy Trust’s (”Enterra”, “We”, “Our” or the “Trust”) annual credit facility renewal process has been completed with its Bank Syndicate lenders, The Bank of Nova Scotia, HSBC Bank Canada and Union Bank of California. The credit facility revolving period has been renewed until June 25, 2010 and has a further one year term out [...]
InterOil Corporation today announced it has entered into a definitive agreement with a number of institutional investors to sell 2,013,815 shares of its common stock in a “registered direct” offering. The investors have agreed to purchase the shares of common stock at a purchase price of U.S.$34.98 per share, which represents a one cent premium [...]
By T.L. HAMILTON
Westinghouse Electric Company has awarded Chicago Bridge & Iron a second contract to build the containment vessels for a nuclear power plant expansion in the southeastern United States.
The engineering, procurement, fabrication and construction contract is valued at $150 million.
“It’s an exciting award for us,” said Jan Sieving, spokesperson for CB&I, which has administrative [...]
By Joe Carroll
Oct. 30 (Bloomberg) — Exxon Mobil Corp., the world’s biggest oil company, said third-quarter profit jumped 58 percent, exceeding analyst estimates, as record crude prices made up for the largest drop in output in at least a decade.
Net income rose to $14.8 billion, or $2.86 a share, from $9.41 billion, or $1.70, [...]
By Edward Klump
Oct. 22 (Bloomberg) — ConocoPhillips, the third-largest U.S. oil company, posted a 41 percent profit increase after gains in energy prices made up for a drop in production. The company’s shares fell as New York oil futures tumbled.
Third-quarter net income climbed to $5.19 billion, or $3.39 a share, from $3.67 billion, or $2.23, [...]
By Canadian Press
CALGARY (CP) — Texas-based Spectra owns 100% of the Nevis gas plant, 30 kilometres west of Stettler, Alta. and 40% of Keyera Brazeau River gas plant.
The Keyera income fund will also be acquiring extensive gathering pipeline systems and compression at both facilities.
Keyera said it has sufficient credit in place to fund the transaction, [...]
