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... 

Iran joins Venezuela, Libya to say no harm in $100 oil

OPEC’s leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel. Iranian Oil Minister Massoud Mirkazemi said some members of the Organization of the Petroleum Exporting Countries saw no need for producers to act even if... 

OPEC ready to act but not due to speculators: report

OPEC is ready to act to address supply shortages in the oil market but not to counter price moves caused by speculation, Secretary General Abdullah al-Badri told an Austrian newspaper. The group is monitoring the situation closely, and “OPEC will intervene to stabilize the market if the market is imbalanced. OPEC will not intervene because of... 

Suncor Energy reports oil sands production numbers for December 2010

Suncor Energy Inc. reported today that the company’s oil sands production during December averaged approximately 323,000 barrels per day (bpd). The company achieved its oil sands production target for 2010 with annual production averaging approximately 283,000 bpd. Production numbers include upgraded sweet and sour synthetic crude oil and diesel,... 

Graham Corporation Wins Two Ejector System Orders Valued at $4 Million

Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refining, petrochemical and power industries, today announced that it has received two orders for ejector systems that total approximately $4 million. The first order is for an ejector system to be installed at a U.S. refinery that is being modified to... 

Oil climbs above $92, anticipates economic growth

Oil climbed above $92 on Monday to its highest since October 2008, spurred on by expectations economic recovery will boost energy demand and as market bulls set their sights on $100 a barrel. U.S. crude was 86 cents higher at $92.24 a barrel by 1438 GMT, off a session high of $92.39. It settled at $91.38 on Friday, marking an annual gain of around 15... 

Professional Research on Dune Energy Inc. and Alamo Energy Corp. – Rising Oil Prices Spike Exploration Activities

www.wallstreetequityresearch.com gives shareholders valuable insight on oil & gas drilling & exploration stocks Dune Energy Inc. (OTC.BB:DUNR – News) and Alamo Energy Corp. (OTC.BB:ALME – News). Sign up today at www.wallstreetequityresearch.com to receive free research reports on these equities. Oil prices recently hit a two year... 

Russian 2010 oil output hits post-Soviet record

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world’s top oil exporter to ramp up production at its greenfield sites. The growth in crude production surprised many analysts, who had expected 1.1 percent on average, when polled just before the start... 

Russia in milestone oil pipeline supply to China

Russia, the world’s top crude exporter, said it had begun scheduled oil shipments to China via an East Siberian link on Saturday as the Kremlin cements ties with its energy-hungry neighbor. So far, Russia’s 50,000-km oil pipeline network has been concentrated in West Siberia and run toward Europe. With the commissioning of the Eastern Siberia... 

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....