Delta Petroleum Corporation Announces the Closing of a New Senior Secured Credit Facility

Delta Petroleum Corporation, an independent oil and gas exploration and development company, announced today that it has closed on a new senior secured credit facility with Macquarie Bank Limited (“Macquarie”). As previously announced, the new credit facility is for $100 million, of which $50 million will be initially available to the Company. The $50 million is comprised of a $30 million... 

American Standard Energy Corporation Announces Robert J. Thompson as Board Chairman

The Board of Directors of American Standard Energy Corp. is pleased to announce the appointment of Robert Thompson to the Board and his election to serve as its Chairman. Mr. Thompson shall also chair the Compensation, Audit, and Nominating & Corporate Governance Committees. Mr. Thompson brings to American Standard Energy Corp. a wealth of experience in counseling emerging as well as large multi-national... 

SDRL – Seadrill – Changes to Board composition

In conformity with the Disclosure and Transparency Rules, we hereby notify the market of the following:Mr. Kjell E Jacobsen has served notice that he would like to retire from the Board of Seadrill Limited effective from December 31, 2010. Mr. Jacobsen started to work for offshore drilling company Smedvig in 1991 and was the Company’s CEO from end of 2001 to 2006. In 2006, Mr. Jacobsen was instrumental... 

Africa Oil: Accelerated Warrant Exercise Completed

Africa Oil Corp. reports that 99.5% of the Company’s share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010. The warrant exercise resulted in gross proceeds to the Company of approximately CDN$55.8 million. The December 23, 2010 expiry date was an accelerated expiry as announced on November 22, 2010. The... 

Oil at $90 brings small OPEC supply rise: survey

OPEC output has risen slightly in December as Nigerian supply has increased, a Reuters survey found, indicating the group has yet to boost production substantially in response to prices at a 26-month high. Supply from the 11 members of the Organization of the Petroleum Exporting Countries with output targets, all except Iraq, has averaged 26.75 million barrels per day (bpd) this month, up from 26.70... 

NiSource Announces Expiration and Final Results of Cash Tender Offer

NiSource Inc. announced today the expiration and final results of the previously announced cash tender offer by its finance subsidiary, NiSource Finance Corp., to purchase up to $325 million aggregate principal amount of its outstanding 10.75% Notes due 2016. The tender offer expired at 11:59 p.m., New York City time, on December 29, 2010. As of the expiration date, the aggregate principal amount... 

Mullen Group Ltd. Expands Fluid Hauling Capabilities

Mullen Group Ltd. announced today a number of transactions that will expand its fluid handling and hauling capabilities in northern Alberta and northeastern British Columbia. “Acquiring businesses leveraged to fluid hauling and the production services segment of the oil and gas industry has been a strategic focus of the Mullen Group for several years. New drilling techniques and multi-stage... 

First Star Resources welcomes Mr. William Majcher to the Board

First Star Resources Inc. wishes to announce a new addition to the board of directors as part of its on going business plan to continue to expand and enhance its International representation. Effective immediately, the board of First Star Resources has been arranged as follows: Mr. Robert Gardner as Chairman and CFO, Mr. John Campbell, President and CEO. Brian R. D. Smith, QC as director. Mr. Chenguang... 

Transeuro Energy Corp.: Ukraine Weekly Operations

Transeuro Energy Corp. issues a weekly update on its Ukraine operations. The Dafora drilling rig is fully assembled on the Karl-101 location. Local authority inspections are ongoing following which Transeuro will conduct a full inspection to accept the rig for operations. Re-entry operations remain on schedule to commence before the end of December. Drilling of the sidetrack should take place through... 

PAA Natural Gas Storage Announces Agreement to Acquire Southern Pines Storage Facility

PAA Natural Gas Storage today announced that it has entered into a definitive agreement to acquire SG Resources Mississippi, LLC, (“SG Resources”). The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility (“Southern Pines”). Total consideration is approximately $750 million. Subject to regulatory approval, the transaction is expected to close during...