Seaway Crude Oil Pipeline Begins First Flow
Enterprise Products Partners L.P. (NYSE: EPD) and Enbridge Inc. (NYSE/TSX:ENB) announced that the Seaway Pipeline began accepting crude oil today at Cushing, Oklahoma for delivery to the U.S. Gulf Coast. Seaway Crude Pipeline Company LLC is a 50/50 joint venture owned by affiliates of Enterprise Products Partners and Enbridge Inc. In addition to the pipeline that transports crude oil from Cushing to the Gulf Coast, the Seaway system is comprised of a terminal and distribution network originating i...continuedENB ENB:CA EPD lng petroleum Pipeline
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STEALTHGAS INC. Announces Date for the Release of First Quarter 2012 Results, Conference Call and Webcast
ATHENS, Greece, May 18, 2012 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (Nasdaq:GASS) (the "Company"), a ship-owning company serving primarily the liquified petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its results for the first quarter ended March 31, 2012 after the market closes in New York on Tuesday, May 22, 2012. On May 23, 2012 at 11:00 am ET, the company's management will host a conference call to discuss the results and the company's operat...continuedGASS Services petroleum oil
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Murphy Oil Sells $500 Million of 10-Year Notes with a Coupon of 4.00%
Murphy Oil Corporation (NYSE:MUR) announced today that it closed on the sale of $500 million of 4.00% coupon notes which will mature on June 1, 2022. Interest is payable semi-annually on June 1 and December 1, commencing December 1, 2012. Proceeds of the issue are expected to be used to repay outstanding indebtedness under existing credit facilities and for general corporate purposes. J.P. Morgan Securities LLC and Wells Fargo Securities, LLC were Joint Book-Running Managers. Merrill Lynch, Pierce...continuedMUR oil petroleum Energy
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Atlas Energy, L.P. Establishes $50 Million Credit Facility
Atlas Energy, L.P. (NYSE: ATLS) announced today that it has established a new $50 million revolving credit facility through its group of five institutional lenders. Borrowings under the facility will bear interest at Libor plus a spread in a range of 350 bps to 450 bps, depending upon the level of utilization of the facility. The credit facility is secured by ATLS’ general and limited partner interests in Atlas Resource Partners, L.P. (NYSE: ARP) and Atlas Pipeline Partners, L.P. (NYSE: APL). ...continuedATLS oil Gas petroleum
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Dril-Quip, Inc. to Present at UBS Global Oil & Gas Conference
HOUSTON, May 18, 2012 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Blake T. DeBerry, President and Chief Executive Officer, and Jerry M. Brooks, Vice President and Chief Financial Officer, will deliver a presentation at the UBS Global Oil & Gas Conference in Austin, Texas on Wednesday, May 23, 2012. Their remarks are scheduled to begin at 10:00 a.m. Central Daylight Time. The presentation slides will be available beginning at the time of the presentation on the Compa...continuedDRQ petroleum oil dril
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Unit Corporation to Present at UBS Global Oil & Gas Conference
Unit Corporation (NYSE: UNT) announced today that it will present at the UBS Global Oil & Gas Conference, which will be held May 21st – 24th in Austin, Texas. Unit’s presentation will be broadcast live over the Internet on Thursday, May 24th at 12:30 p.m. Central Time (1:30 p.m. Eastern Time). Listeners may access the webcast and the conference presentation via the Company’s website at www.unitcorp.com. Unit Corporation is a Tulsa-based, publicly held energy company engage...continuedUNT petroleum securities Financial
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Atlas Resource Partners, L.P. to Acquire Titan Operating, L.L.C.
Atlas Resource Partners, L.P. (NYSE: ARP) will acquire approximately 250 Bcfe of proved reserves and associated assets in the Barnett Shale in Texas for approximately $184 million in ARP units (based on ARP’s closing price on May 16, 2012) through entry into a definitive agreement with Titan Operating, L.L.C. (“Titan”), a privately held company based in Fort Worth, Texas. The transaction has been approved by ARP’s board of directors and will be effective as of January 1, 20...continuedARP ATLS petroleum acquisition drilling
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Century 21 China Real Estate Reports First Quarter 2012 Unaudited Financial Results
Quarterly Net Loss Attributable to IFM Investments Limited Declined 41.8% Sequentially and 46.4% Year-Over-Year BEIJING, May 17, 2012 /PRNewswire-Asia-FirstCall/ -- IFM Investments Limited (NYSE: CTC) ("Century 21 China Real Estate" or the "Company"), a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21 ® brand in China, today announced its unaudited financial results for the first quarter ended March 31, 2012. (Logo: http://photos.prnew...continuedCTC communication organigramme petroleum
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Patterson-UTI Energy to Present at the UBS Global Oil and Gas Conference
HOUSTON, May 17, 2012 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on May 23, 2012 at the UBS Global Oil and Gas Conference. Representing the Company at the conference will be Douglas J. Wall, Chief Executive Officer. The presentation will be webcast live beginning at approximately 11:20 a.m. Central Time. To access the webcast, go to www.patenergy.com prior to the scheduled start time. Replay of the webcas...continuedPTEN uti oilfield petroleum
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Enbridge to Undertake $0.4 Billion Mainline Expansion Between North Dakota and Chicago Hub
CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwire - May 16, 2012) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) and Enbridge Energy Partners L.P. (EEP) (NYSE:EEP) today announced approximately $0.4 billion of projects to expand capacity of the Lakehead System mainline between its origin near Neche, North Dakota, to its growing terminal hub in Flanagan, Illinois, southwest of Chicago. The current scope of the projects includes expansion of the Alberta Clipper pipeline (Line 67) between the border and Superior...continuedENB ENB:CA petroleum enbridge lng
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Deep Down Announces First Quarter 2012 Earnings Conference Call And Webcast
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FieldPoint Petroleum Reports Increase In Borrowing Base
AUSTIN, Texas, May 16, 2012 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE AMEX: FPP) announced today that the borrowing base available to the company under its bank line of credit has been increased to $11.0 million. This increase was approved following a routine year-end engineering review of the line by Citibank. Ray Reaves, President and CEO of FieldPoint stated, "We are very pleased that Citibank has recognized the size and quality of our growing asset base. In this w...continuedFPP stock petroleum Energy
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Whiting Petroleum Corporation Declares Dividend on 6.25% Convertible Perpetual Preferred Stock
Whiting Petroleum Corporation ( NYSE: WLL ) announced that its Board of Directors declared today a dividend of $1.5625 per share on its 6.25% convertible perpetual preferred stock (NYSE: WLL-PrA) . The dividend is payable on June 15, 2012 to holders of record on June 1, 2012. About Whiting Petroleum Corporation Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural g...continuedWLL petroleum board oil
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W&T Offshore Announces Sale of Non-Core Asset in Gulf of Mexico Shelf Property
HOUSTON, May 15, 2012 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today announces that it has sold its 40%, non-operated, working interest in South Timbalier 41 field located on the shelf of the Gulf of Mexico for $32.375 million, with an effective date of April 1, 2012 to Energy Partners, Ltd. The sale of this non-core asset does not alter our previously issued production or expense guidance. Tracy W. Krohn, Chairman and Chief Executive Officer, stated, "Through the divesti...continuedWTI petroleum oil Energy
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Martin Midstream Partners L.P. Announces Company Presentation at NAPTP Annual Investor Conference
KILGORE, Texas, May 15, 2012 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") announced today that the Partnership will participate at the upcoming National Association of Publicly Traded Partnerships (NAPTP) Annual Investor Conference in Greenwich, CT. Robert D. Bondurant, Executive Vice President and Chief Financial Officer of Martin Midstream GP LLC, MMLP's general partner, and other members of senior management will present at 4:30pm on May 23, 2012 an...continuedMMLP Energy petroleum
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Noble Corporation to Present at the UBS Global Oil and Gas Conference
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ENGlobal Reports First Quarter Results
HOUSTON, May 15, 2012 (GLOBE NEWSWIRE) -- ENGlobal (Nasdaq:ENG), a leading provider of energy-related project delivery solutions, announced today its financial results for the first quarter ended March 31, 2012. First Quarter 2012 Highlights Compared to First Quarter 2011: $(0.01) earnings per share, an increase of $0.06 Revenue of $75.4 million, an increase of 9% Gross Profit from operations of $7.5 million, an increase of 41.7% Consolidated Gross Profit Margin as a percentage of r...continuedENG Services englobal petroleum
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TORONTO, ONTARIO--(Marketwire - May 14, 2012) - Northcore Technologies Inc. (TSX:NTI)(OTCBB:NTLNF), a global provider of asset management and social commerce solutions, reported today its interim financial results for the first quarter ended March 31, 2012. All figures are reported in Canadian dollars. Northcore reported consolidated revenues of $230,000 for the first quarter, representing an increase of eight percent over the $212,000 reported in the fourth quarter of 2011 and an increase of 26 ...continuedNTI:CA NTLNF norge oil petroleum
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Cameron Prices $500 Million Of Unsecured Senior Notes
HOUSTON, May 14, 2012 /PRNewswire/ -- Cameron (NYSE: CAM) has priced a public offering of $250 million aggregate principal amount of 1.60% senior notes due 2015 and $250 million aggregate principal amount of 3.60% senior notes due 2022. The sale of the senior notes is expected to settle on May 17, 2012, subject to customary closing conditions. Cameron intends to use the net proceeds from the offering for the TTS Energy AS acquisition, debt retirement and general corporate purposes...continuedCAM innovation petroleum strategy
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The Southern District of New York today issued an order upholding Chevron's (NYSE:CVX) complaint for racketeering, fraud, conspiracy and New York Judiciary Law 487, which provides for civil damages against an attorney who engages in deceit or collusion with intent to deceive a court, against U.S. plaintiffs' lawyer and RICO defendant Steven Donziger, related to the long-running environmental case against the Company in Ecuador. As the Court noted in its opinion, Chevron “alleges that the RI...continuedCVX chevron Gas petroleum
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InterOil Receives Notice On LNG Project Agreement Triggering Six Month Consultation With The PNG State
PORT MORESBY, Papua New Guinea, and HOUSTON, May 14, 2012 /CNW/ - InterOil Corporation (NYSE:IOC) (POMSoX:IOC) today announced receipt through an unofficial channel, from the Department of Petroleum and Energy (DPE), of a copy of a notice of intention to cancel the 2009 LNG Project Agreement between Liquid Niugini Gas Limited and the Independent State of Papua New Guinea. Having considered the issue carefully with our external advisers, we are strongly of the view that the State has no right at pre...continuedIOC oil petroleum contacts
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Triceratops-2 Well Flows Gas and Condensate to Surface
PORT MORESBY, Papua New Guinea, and HOUSTON, May 14, 2012 /PRNewswire/ -- InterOil Corporation (NYSE:IOC) (POMSoX:IOC) ("InterOil") announced that it has successfully drill stem tested the upper reservoir section in the Triceratops-2 well in Papua New Guinea. The test (DST#8) is conducted in the open hole interval from 4,111 feet (1,253 meters) to 4,859 (1,481 meters) and the well was opened to increasing choke settings before being closed for final buildup. As of May 14, 2012 1...continuedIOC contacts interoil petroleum
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