GARB, ACG Consulting forms JV to build of 7 E-waste plants in U.S.
Garb Oil & Power Corp. and ACG Consulting LLC have formed Xanthus LLC, which will act as the co-coordinating company for the joint venture managing and co-coordinating the growth and development of the 7 plants throughout the United States. The company will manage and co-ordinate the building of 7 E-Waste recycling facilities within the next [...]
AEG Power Solutions acquires outstanding 25% stake in skytron energy
AEG Power Solutions has acquired the outstanding 25% stake in skytron energy after buying a majority stake last year, according to a news release. The cooperation offered photovoltaic power plant operators highly reliable technology and expertise for the integration, implementation and operation of rugged solutions for greater system availability and higher energy yields. “With respect [...]
American Power wins prospecting permit for Pace Coal Project in Montana
American Power Corp. said in a news release that it received approval for the prospecting permit for its Pace Coal Project in Judith Basin County, Montana. The prospecting permit, which was approved by the Coal and Uranium Program of the Montana Department of Environmental Quality, authorizes the company to carry out the first phase of [...]
GreenHunter Water acquires Marcellus water service property
GreenHunter Energy Inc. said in a news release that its GreenHunter Water subsidiary executed a definitive agreement to acquire about 99 mineral acres and 84 surface acres in West Virginia, where it will develop a commercial water service facility. The acquisition includes an existing well that has been approved for commercial water disposal, according to [...]
FirstEnergy Q2 profit down
FirstEnergy Corp. reported second-quarter 2011 basic earnings of 65 cents per share of common stock on a non-GAAP basis, compared to basic and diluted non-GAAP earnings of 82 cents per share in the second quarter of 2010, excluding the impact of special items. FirstEnergy posted second-quarter 2011 basic and diluted earnings, on a GAAP basis, [...]
IEA expects increase in oil demand
Radio New Zealand reports that the International Energy Agency Global expects an increase in demand for oil next year, driven by emerging economies. According to the IEA estimates, oil demand will grow by an average of 1.47 million barrels per day in 2012, up from the current 2011 average daily growth of 1.2 million, Radio [...]
Report: FARC guerrillas releases 5 kidnapped Colombian oil workers
FARC guerrillas have released five kidnapped Colombian oil contractors on Sunday after military pressure to rescue the hostages, Reuters reported, citing a senior army officer. The guerrillas kidnapped the five workers on Friday night in the eastern Arauca province, according to the report. “We started an operation with three battalions in the area where the [...]
Magnum Hunter Resources declares monthly preferred stock dividends
Magnum Hunter Resources Corp. has declared a monthly cash dividend on the company’s 10.25% series C cumulative perpetual preferred stock and a monthly cash dividend on the company’s 8.0% series D cumulative preferred stock, according to the news release. The payment will be an annualized 10.25% per share, which is equivalent to about $0.2135 per [...]
Nordic Energy Services signs 3-year partnership with Village of Erie
Illinois-based Nordic Energy Services LLC said in a news release that it signed a new three-year partnership with the Village of Erie, Illinois. Nordic Energy Services will be the electricity provider of choice for households and businesses within the community. Under the agreement, Nordic Energy Services provides the Village of Erie a fixed price on [...]
Vanguard, Encore closes Permian Basin acquisition
Vanguard Natural Resources LLC and Encore Energy Partners LP have closed the joint acquisition of oil and natural gas producing properties from an undisclosed seller for an adjusted purchase price of $81.4 million, subject to customary post-closing adjustments. The effective date of the acquisition was May 1, 2011, according to a news release. The acquired [...]
Anadarko Petroleum declares quarterly dividend
Anadarko Petroleum Corp. said in a news release that its board of directors declared a quarterly cash dividend of 9 cents per share on the company’s outstanding common shares. The dividend is payable Sept. 28, 2011, to stockholders of record at the close of business on Sept. 14, 2011.
Signature Group Holdings acquires leading circuit breaker distributor
Signature Group Holdings Inc. has acquired North American Breaker Co. Inc. for about $30.5 million, according to a news release. The purchase price also includes a potential earn-out payment of up to $4 million based on North American Breaker’s post closing financial performance. North American Breaker is a leading circuit breaker distributor targeting the replacement [...]
High Plains Gas terminates purchase & sale agreement with Huber Energy
High Plains Gas Inc. has terminated the purchase and sale agreement with Huber Energy to acquire its Powder River Basin natural gas assets, according to a news release. Term of the agreement, including all amendments, required the completion of purchase of the specified assets on or before July 29, 2011. “We worked diligently to finalize [...]
Panhandle Oil & Gas declares quarterly dividend
Panhandle Oil and Gas Inc. said in a news release that its board of directors approved a regular quarterly dividend of 7 cents per share. The dividend is payable September 9, 2011, to shareholders of record on August 26, 2011.
El Paso places 680-mile Ruby Pipeline in service
El Paso Corp. has placed its 680-mile Ruby Pipeline in service, according to a news release. The Ruby Pipeline, which is a 42-inch interstate natural gas pipeline, provides transportation service from Opal, Wyoming, to interconnections near Malin, Oregon. Ruby Pipeline is the first interstate natural gas pipeline to achieve carbon neutrality in its construction and [...]
Pepco Holdings names VP of investor relations
Pepco Holdings Inc. said in a news release that it named Donna Kinzel vice president, investor relations. In her role, Kinzel serves as the liaison to the investment community and directs PHI’s interactions with analysts and investors through earnings reports, analyst meetings, conferences and other channels, the company said. Kinzel joined Delmarva Power, a PHI [...]
Baker Hughes declares common stock dividend
Baker Hughes Inc. said in a news release that its board declared a regular quarterly cash dividend of 15 cents per share of common stock. The dividend is payable August 19, 2011, to holders of record on August 8, 2011.
Shell inks £300 million agreement to redevelop Shell Centre in London
Shell International Limited has signed an agreement with Canary Wharf Group & Qatari Diar Real Estate Investment Co. to redevelop the Shell Centre site on the South Bank in London for a cash consideration of £300 million, according to a news release. Shell will retain the freehold of the site with Canary Wharf Group & [...]
Mesa Energy Holdings acquires Tchefuncte Natural Resources
Mesa Energy Holdings Inc. has completed the acquisition of Tchefuncte Natural Resources LLC, according to a news release. Tchefuncte Natural Resources owns and operates producing properties in five fields in Plaquemines and Lafourche Parishes, Louisiana. Tchefuncte Natural Resources is now a wholly-owned subsidiary of Mesa Energy Inc. which is a wholly-owned subsidiary of Mesa Energy [...]
Petra Petroleum names VP of exploration & operations
Petra Petroleum Inc. said in a news release that it named Christopher Brown vice president, exploration and operations, effective immediately. Brown has more than 30 years of international petroleum exploration experience, including a variety of technical, operational and management roles with Shell International, Enterprise Oil and Suncor Energy, the company said.