Pampa Energia Announces the Closing of the Acquisition of CIESAs Debt

Pampa Energia S.A. announces today, in relation to its announcement of January 19, 2011, that, through its subsidiary Pampa Inversiones S.A., it has acquired from AEI 100% of the outstanding bonds issued on April 22, 1997 (the “Bonds”) by Compania de Inversiones de Energia S. A. (“CIESA”), the controlling company of Transportadora de Gas del Sur (“TGS”), and other credits against CIESA (the “CIESA Debt”),... Read more..

Robbins & Myers Completes Acquisition of T-3 Energy Services

Robbins & Myers, Inc. and T-3 Energy Services, Inc. (Nasdaq:TTES – News) jointly announced today that the merger of T-3 into a wholly-owned subsidiary of Robbins & Myers is complete. “We are pleased that the merger is complete and have been working diligently toward the successful integration of T-3 within our Fluid Management Group,” said Peter C. Wallace, President and Chief Executive Officer of Robbins & Myers. “T-3... Read more..

Eaton Completes Acquisition of Tuthill Coupling Group

Diversified industrial manufacturer Eaton Corporation today announced it has completed its purchase of the Tuthill Coupling Group, a division of Tuthill Corporation. The transaction was announced December 16, 2010. The Tuthill Coupling Group manufactures pneumatic and hydraulic quick coupling solutions and leak free connectors used in industrial, construction, mining, defense, energy and power applications. The division had sales of approximately... Read more..

Emera Incorporated and Algonquin Power & Utilities Corp. Announce Closing of California Pacific Electric Company Transaction

Emera Incorporated and Algonquin Power & Utilities Corp. announced that effective today they are closing their acquisition of the California-based electricity distribution and related generation assets of NV Energy, Inc.. Total consideration for this transaction is $131,789,563 USD, subject to final adjustments. Emera and APUC own and operate these assets through a newly formed utility company, California Pacific Electric Company, LLC. Also,... Read more..

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 January, with first results from logging at the... Read more..

Voyager Petroleum Acquires Scrap USA, LLC

Voyager Petroleum Inc. , an emerging leader in eco–friendly processing and oil distribution today announced the execution of a definitive agreement formalizing the acquisition of Scrap USA, LLC. The effectiveness of this acquisition is subject to satisfaction of standard terms, none of which is expected to impede effectiveness. As part of the terms of this transaction Sebastien DuFort resigned his positions with Voyager and was replaced by Vincent... Read more..

Southeast Directional Drilling Acquires Frontier Pipeline

Southeast Directional Drilling today announced that it has acquired the assets of Frontier Pipeline, a Minnesota-based horizontal directional drilling (“HDD”) company. Financial terms of the acquisition were not disclosed. “This acquisition represents the first of several anticipated capacity additions planned to meet the growing demands of our customers,” said Steve Ugrich, CEO of Southeast Directional Drilling. “We have great financial... Read more..

Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources

Quicksilver Resources Inc. announced today that it has formed a strategic alliance with major integrated energy company Eni for acquisition, development and exploitation of unconventional natural gas resources in an area covering approximately 270,000 acres surrounding Quicksilver’s Alliance properties in the Fort Worth Basin. The parties have executed a definitive purchase agreement whereby Eni will acquire 27.5% of Quicksilver’s Alliance... Read more..

Teekay LNG Partners Announces Pricing of Follow-On Offering

Teekay LNG Partners L.P. announced that it has priced its follow-on public offering of 4,000,000 common units, which represent limited partner interests, at $17.60 per unit. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 600,000 units to cover over-allotments, if any. The Partnership expects to use the proceeds of the offering to repay amounts outstanding on one of its revolving credit facilities. The offering... Read more..

Ivanhoe Energy’s estimated oil sands resource increased by 81% at Tamarack Project in Alberta

Robert Friedland, Executive Chairman, President and Chief Executive Officer, and Ed Veith, Executive Vice President, Upstream, of Ivanhoe Energy Inc., announced that a recently completed evaluation by independent engineers has estimated that Ivanhoe Energy’s Tamarack Project, in the Athabasca region of Western Canada, contains best-estimate contingent resources of 441 million barrels of bitumen. This represents an increase of 81% over the best... Read more..