Natural gas continues to grow The Energy Information Administration (EIA) expects natural gas to account for 31% of electricity generation by fuel type by 2040. In the EIA’s Annual Energy Outlook (AEO) 2015, the administration predicts that the percentage of electricity of generated from natural gas will gain 4% of the market share on top of its existing 27% share
Story by the Detroit Free Press Ford is expected to announce today plans to offer the 2016 F-150 full-size pickup with a package that prepares it to be powered by propane or compressed natural gas, an option that appeals to fleet buyers. The announcement is to be made in Dallas at the Alternative Clean Transportation Expo. The $315 factory-installed package would
Shell exec has eyes set to the North Royal Dutch Shell (ticker: RDSA) is preparing to return to the Arctic and begin exploring for the first time since 2012, according to Chief Financial Officer Simon Henry. Henry said the oil major is preparing “an armada of 25 vessels” to begin a two-year program to explore two to three wells in
Company Has $38 Billion in Future Projects TransCanada Corporation (ticker: TRP) reported net income of $387 million, or $0.55 per share, on revenues of $2,874 million in its Q1’15 earnings release issued on May 1, 2015. Compared to Q1’14, revenue was steady while net income declined by about 6%. The company declared a $0.52 dividend for the quarter ended
Enterprise Prices $2.5 Billion of Senior Unsecured Notes Enterprise Products Partners L.P. (EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.5 billion of senior unsecured notes comprised of $750 million due May 7, 2018 (“Senior Notes OO”), $875 million due February 15, 2026 (“Senior Notes PP”), and $875 million due
Enable Midstream Announces Acquisition of Monarch Natural Gas Gathering Assets in Texas Panhandle Enable Midstream Partners, LP (ENBL) announced today that on May 1, it completed acquisition of $80 million of strategic natural gas gathering assets in the Texas Panhandle from Monarch Natural Gas, LLC. The assets are underpinned by long-term dedication of 35,000 net acres from a producer who
Dakota Prairie Refinery Commences Startup Operations MDU Resources Group, Inc. (MDU) and Calumet Specialty Products Partners, L.P. (CLMT) today announced that the Dickinson, North Dakota-based Dakota Prairie refinery, the first greenfield fuels refinery built in the U.S. in nearly 40 years, has commenced operations. The facility has begun producing diesel fuel and is expected to begin sales of diesel as
Enterprise Products Partners L.P. (EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.5 billion of senior unsecured notes comprised of $750 million due May 7, 2018 (“Senior Notes OO”), $875 million due February 15, 2026 (“Senior Notes PP”), and $875 million due May 15, 2046 (“Senior Notes QQ”). We expect
Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of May 2015 and is payable on June 1, 2015 to holders of record at the close of business on May 15, 2015. The payment will be 1/12th of the 8.5% annualized
Story by Platts Panama’s Cabinet Council has approved a new toll structure for vessels transiting the Panama Canal effective April 2016, in line with when commercial operations at the expanded waterway are set to begin. The new tolls, which will apply to the two existing lanes of the canal and the new, third lane, modifies the pricing structure for most
Anticosti Hydrocarbons L.P.: Stratigraphic Survey Program Resumes on Anticosti Island (TSX VENTURE:PEA)(TSX:CDH)(EPA:MAU)(EPA:MPI) : Anticosti Hydrocarbons L.P. is pleased to announce that the stratigraphic survey program has resumed on Anticosti Island. At the time work was suspended last November, five stratigraphic surveys had been completed and the surface casing had been installed on four additional sites. Since drilling rigs were kept
Bengal Energy Provides Cuisinier Operations Update Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) announces that the Company and its joint venture parties (“JV”) have completed the Phase Two drilling campaign on ATP 752 Barta Block (Bengal’s working interest 30.357%). Average gross production from the Cuisinier field in March 2015, prior to the tie-in of the new Phase Two wells
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