Enterprise Announces 26th Consecutive Quarterly Distribution Rate Increase

Enterprise Products Partners L.P. announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.59 per common unit, or $2.36 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the... 

BP and Russia’s Rosneft in share swap, Arctic pact

BP Plc and Russia’s state-controlled Rosneft (ROSN.MM) agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies. BP (BP – News), recovering from its Gulf of Mexico oil spill disaster, will swap 5... 

BP’s U.S. spill experience a plus: Russian Minister

A Russian minister said BP’s experience in cleaning up the catastrophic Gulf of Mexico oil spill was one of the reasons Russia chose the British oil firm to help develop its fragile Arctic shelf oil fields. BP and Russia’s state-controlled Rosneft on Friday agreed to a multi-billion-dollar share swap, under which they will jointly explore... 

Spill panel calls for offshore drilling reform

Blaming the massive BP oil spill on government and industry complacency, a White House panel on Tuesday called for a dramatic overhaul of the way the U.S. regulates offshore drilling. The White House oil spill commission, in its final report of the BP drilling disaster, said the U.S. government needs to expand its drilling regulations, as well as set... 

ESCO Announces AMI System Expansion at CFE in Mexico

ESCO Technologies Inc. today announced that Mexico’s electric utility Federal Commission of Electricity (CFE) has issued an additional purchase order for Aclara PLS Inc.’s TWACS® power-line technology through Ambar Electroingenieria, Aclara’s AMI distributor for Mexico, and prime contractor for the entire project. The initial, prime... 

Enhanced Oil Resources Inc. Announces New US $25 Million Bank Credit Facility with Regions Bank.

Enhanced Oil Resources Inc. today announced that two of its wholly-owned U.S. subsidiaries have executed a reducing revolving Credit Facility with Regions Bank, Houston, Texas providing for up to US $25,000,000 in development financing for its oil and gas properties located in New Mexico. The new Credit Facility provides an initial borrowing base of... 

Parker Drilling to Present at Pritchard Capital Partners Energize 2011 Conference

Parker Drilling (NYSE:PKD – News) announced today Kirk Brassfield, senior vice president and chief financial officer, will present at the Pritchard Capital Partners Energize 2011 Conference in San Francisco, California. The Company’s presentation is scheduled to begin at 2:00 p.m. PST (5:00 p.m. EST) on Wednesday, Jan. 5. A link to the... 

Enterprise Strengthens Eagle Ford Shale Position with Chesapeake Agreements

Enterprise Products Partners L.P. nnounced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK – News) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around... 

Archer Petroleum Plugs and Abandons Radway Prospect Well

Archer Petroleum Corp has been advised by South Bay Resources (the Operator) that they will be plugging and abandoning the SBRES WEASEL 2-17-58-20 well on the Radway Prospect in Alberta, Canada. As announced earlier Archer participated in the drilling of the SBRES WEASEL 2-17-58-20 well which “encountered approximately seven metres of apparent... 

SCHOTT Solar PV, Inc. and Consolidated Solar Technologies Inaugurate Photovoltaic Solar Installation at Belen High School

SCHOTT Solar PV, Inc. (SCHOTT Solar) and Consolidated Solar Technologies (CST) today inaugurated a 50kW photovoltaic (PV) solar power system at Belen High School. The system was funded through a grant system initiated last year by Governor Bill Richardson using funds from the American Recovery & Reinvestment Act (ARRA). Belen is one of 15 school...