Enbridge Income Fund Holdings Inc. Reports Strong First Quarter Results; Declares Monthly Dividend Enbridge Income Fund Holdings Inc. (TSX:ENF) announced earnings today of $30.8 million, or $0.44 per common share, for the three months ended March 31, 2015, reflecting distributions received from its investment in Enbridge Income Fund. The Company’s financial performance is a direct reflection of the Fund’s ability
Taking a Closer Look at American Sands Energy’s Utah Oil Sands Project Since the shale revolution ramped up, much of U.S. oil production has been light, sweet crude, which presents interesting challenges for operators sending their product to a refinery system that’s been set up to handle heavier crude oil. Much of the heavy crude refined in the U.S. is
Chevron Corporation (CVX) has reached asettlement agreement with Woodsford Litigation Funding Limited, a U.K.-based litigation funder that provided $2.5 million in funding to the fraudulent lawsuit against Chevron in Ecuador. Chevron brought conspiracy claims against Woodsford in Gibraltar for the company’s role in funding and advancing the fraudulent lawsuit. In the settlement Woodsford has resolved those claims by withdrawing all
WPX Energy (WPX) announced today it signed an agreement to sell a package of Marcellus Shale marketing contracts and release certain related firm transportation capacity to an undisclosed buyer for in excess of $200 million cash. The sale includes various long-term natural gas purchase and sales agreements, along with 135 million Btu per day of firm transportation capacity on Transco’s
McDermott International, Inc. (MDR) announced today that it has received a large contract amendment from Al-Khafji Joint Operations (KJO) for a platform in the Hout field, located 26 miles east of Al-Khafji in the divided zone between Kuwait and the Kingdom of Saudi Arabia. Work on the brownfield project is expected to be executed through the second quarter of 2017
New Source Energy Partners L.P., a Delaware limited partnership (NSLP) (the “Partnership” or “New Source”), today announced that it has commenced a public offering of $40 million of Series A Cumulative Convertible Preferred Units (“Series A Preferred Units”) pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”). The Partnership will
Press Release from the Federal Bureau of Investigation Chad Ducey, 39, of Fishers, Indiana, pleaded guilty yesterday for his role in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling biodiesel incentives. His two brothers, Chris Ducey, 48, of North Webster, Indiana, and Craig Ducey, 44, of Fishers, pleaded guilty last week for their roles in
