The U.S. electric utility industry faces an “unprecedented convergence of new federal environmental rules – unprecedented in scope of change and compression of deadlines,” Progress Energy Chairman, President and CEO Bill Johnson told utility regulators Monday in Washington. And the “current fragmented approach, coupled with rapid-compliance...
Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than $1.7 billion to shareholders...
One of the country’s oldest lubricant manufacturing and distribution companies, Wichita’s Universal Lubricants (UL) established in 1929, is poised for double-digit growth for the foreseeable future thanks to a technologically advanced and highly capable re-refinery, and efficiencies gained through its environmentally-friendly closed-loop...
Magnetek, Inc. today reported the results of its 2011 fiscal second quarter ended January 2, 2011. Second Quarter Results In its second quarter of fiscal 2011, Magnetek recorded revenue of $26.1 million, a 36% increase from the second quarter of fiscal 2010 and a 5% sequential increase from the first quarter of fiscal 2011. The increase in sales from...
Now, all motorists can save even more on fuel with two Shell $aver Card(SM) offers. New cardholders will be rewarded for activating now with savings of 10 cents per gallon through April 30, 2011. Meanwhile, all cardholders will have a chance to save 22 cents per gallon throughout the year as part of a special racing promotion — “WINsdays...
Alon USA Energy, Inc. today announced that the Company will be presenting at the 2011 Credit Suisse Energy Summit to be held in Vail, Colorado on February 7 – 11, 2011. Jeff Morris, Alon’s Chief Executive Officer, is scheduled to present on Thursday, February 10, 2011 at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time). A live broadcast...
CoreFluids, LLC today announced that its NOxBLUE diesel exhaust fluid (DEF) was named a 2011 World Ag Expo Top Ten New Product. Selected by new product judges composed of local and national farmers and agribusiness professionals, NOxBLUE will be featured in the 2011 World Ag Expo New Product Center February 8-10 in Tulare, California. NOxBLUE is CoreFluids’...
Kirby Corporation today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2010 of $31.6 million, or $.59 per share, compared with $29.2 million, or $.54 per share, for the 2009 fourth quarter. The 2009 fourth quarter results included a $4.8 million before taxes, or $.05 per share, charge for shore staff reductions,...
Savage Companies (Savage) announced its plans to construct, own and operate a large multi-user rail terminal in Trenton, North Dakota. The terminal, to be known as Trenton Railport, will be served by the BNSF Railway, and will be designed to bring large-scale rail service to the Bakken Formation (the Bakken) with oil-field related materials such as...
Halliburton will host a conference call on Monday, April 18, 2011, to discuss the first quarter 2011 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time). The company will issue a press release regarding the 2011 first quarter earnings prior to the conference call. Halliburton’s first quarter press release will be...