Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Vermilion Energy Inc. Files Annual Information Form and Annual Report

Vermilion Energy Inc. announces the submission of its Annual Information Form (“AIF”) for the year ended December 31, 2010 to the System for Electronic Document Analysis and Retrieval. The AIF contains Vermilion’s Statement of Reserves Data and Other Oil and Gas Information as required under National Instrument 51-101. Vermilion has also filed... 

High-Temperature Ceramic Coating Protection, by Furnace Mineral Products Incorporated, a Feature of “Industry Today” on Industrialinfo.com

Industrial Info Resources will host special guest Furnace Mineral Products (Stouffville, Ontario) as part of this week’s “Industry Today” webcast. Furnace Mineral Products is a recognized global leader in advanced high-temperature ceramic coatings for the power generation industry. The high-temperature ceramic coatings offered by Furnace... 

Research and Markets: New Forecasts of Supply, Demand, Investment and Infrastructure for the Kuwait Oil and Gas Industry

Research and Markets has announced the addition of the “The Future of Kuwait Oil and Gas Industry to 2020- Forecasts of Supply, Demand, Investment, Companies and Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets)” report to their offering. The Future of Kuwait Oil and Gas Industry to 2020 provides a comprehensive... 

Lucas Energy Inc. is Today’s Focus Stock on MicroStockProfit.com

MicroStockProfit.com announces an investment report featuring Lucas Energy Inc. The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision. The full report is available at: www.microstockprofit.com/lp/LEI Lucas Energy Inc. (LEI) is an independent oil and gas company... 

Denbury Resources Inc. Announces Final Results of Cash Tender Offers for Senior Subordinated Notes Due 2013 and 2015

Denbury Resources Inc. today announced the final results of its previously announced cash tender offers for the outstanding 7½% Senior Subordinated Notes due 2013 of the Company and Denbury Onshore, LLC (the “2013 Notes”) and 7½% Senior Subordinated Notes due 2015 of the Company (the “2015 Notes”), which offers expired at 11:59 p.m., New... 

ATP Declares Cash Dividend on Preferred Stock

ATP Oil & Gas Corporation (NASDAQ:ATPG – News) announced that its board of directors declared a quarterly cash dividend on its 8.0% Cumulative Convertible Perpetual Preferred Stock. The dividend rate is $1.97 per share and is payable on April 1, 2011 to shareholders of record at the close of business on March 15, 2011.  Read More →

Dresser-Rand Announces Plan to Acquire Grupo Guascor S.L. (“GG”)

Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, announced today that it has signed a Share Purchase Agreement (“SPA”) to acquire Grupo Guascor S.L. (“GG”) for an enterprise value of euro 500 million ($690 million) in a cash and stock transaction. The enterprise value includes... 

Texas Allied Petroleum Reworks Laramie Fields

Texas Allied Petroleum, Inc. is pleased to announce that it has successfully reworked its Cooper Cove, Herrick and Little Laramie fields in Wyoming. Daily production from the three fields is approximately 100 barrels of oil per day. A surface discharge system is currently being permitted, which has potential to increase production and decrease operating... 

Callon Petroleum Company Announces Fourth Quarter, Full Year 2010 Reporting Date and Conference Call

Callon Petroleum Company today announced its fourth quarter and full year 2010 results of operations will be released on Monday afternoon, March 14, 2011. A conference call discussing the results and current activity is scheduled for 10 a.m. Central Daylight Time Tuesday, March 15, 2011. The conference call may be accessed live over the internet through...