DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/69fqn3/alcohol) has announced the addition of the "Alcohol Ethoxylate Market by Application (Household & Personal Care, Pharmaceutical, Oilfield, Agrochemicals, and Others) & Geographies Global Market Trends, Forecasts to 2019" report to their offering. The market value of alcohol ethoxylate was valued at $5,124.9 million in 2014 and is projected to grow at a CAGR of about 3.5% from 2014 to 2019. The [Read more]
Archives for August 2015
Research and Markets: Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020 – Market Is Projected to Surpass USD960 Million
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4sqrfz/saudi_arabia) has announced the addition of the "Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020" report to their offering. The oilfield chemicals market in Saudi Arabia is projected to surpass USD960 million by 2020. Growth in the market is expected on account of rising oil & gas production, along with anticipated growth in the exploration of shale gas deposits in the [Read more]
Western Refining Logistics, LP Reports Second Quarter 2015 Results
Increased quarterly distribution to $0.3650 per unit, an 18.7% increase vs Q2 2014 Increased Permian/Delaware Basin crude oil volume by 35% vs Q2 2014 Generated $17.4 million of distributable cash flow EL PASO, Texas, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Western Refining Logistics, LP (NYSE:WNRL) reported second quarter 2015 net income of $15.9 million, or $0.34 per common limited partner unit, which compares to $0.24 per common limited partner unit in the second quarter of 2014. Second [Read more]
Top 6 Myths Driving Oil Prices Down
"Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech." Benjamin Franklin, Silence Dogood, The Busy-Body, and Early Writings I start with that quote because once the media, as well as politicians for that matter, have no accountability for actions or words then liberty will dissolve. Over the last few weeks I have witnessed another litany of lies that the media insists on putting forth. They come in the form of statements presented as facts to sway [Read more]
Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of July 31, 2015
LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of July 31, 2015, the company’s unaudited total assets were approximately $321.8 million and its unaudited net asset value was $259.8 million, or $17.90 per share. As of July 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities [Read more]
UGI Reports Third Quarter Earnings
VALLEY FORGE, Pa.--(BUSINESS WIRE)--UGI Corporation (NYSE: UGI) today reported adjusted net income attributable to UGI of $4.7 million, or $0.03 per diluted share, for the fiscal quarter ended June 30, 2015, compared to $17.1 million, or $0.10 per diluted share, for the quarter ended June 30, 2014. Adjusted earnings per diluted share for the quarter ended June 30, 2015 include a $0.06 loss as a result of the Totalgaz acquisition, which was completed on May 29, 2015. For all periods presented, [Read more]
EXCO Resources, Inc. Receives Continued Listing Standard Notice from NYSE
DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that on July 30, 2015, EXCO was notified by the New York Stock Exchange (“NYSE”) of its noncompliance with continued listing standards because the average closing price of its common shares over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE. Under the NYSE rules, during the [Read more]
LINN Energy and LinnCo Announce Monthly Distribution and Dividend
HOUSTON, Aug. 3, 2015 (GLOBE NEWSWIRE) -- LINN Energy, LLC (NASDAQ:LINE) and LinnCo, LLC (NASDAQ:LNCO) announced today monthly distributions and dividends, respectively. LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable August 18, 2015, to unitholders of record as of the close of business on August 13, 2015. LinnCo, LLC declared a monthly cash dividend of [Read more]
CenterPoint Energy files to change natural gas distribution rates for customers in Minnesota
MINNEAPOLIS, Aug. 3, 2015 /PRNewswire/ -- CenterPoint Energy (NYSE: CNP) today filed an application with the Minnesota Public Utilities Commission (MPUC) to change the company's natural gas distribution rates. If approved, the new rates would generate approximately $54 million or 6 percent in additional revenue on an annual basis. The effect on individual monthly bills will vary depending on natural gas use. If approved, the net impact of the new rates will increase the average residential [Read more]
MRC Global Announces Second Quarter 2015 Results
HOUSTON, Aug. 3, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy industry, today announced second quarter 2015 results. The company's sales were $1.198 billion for the second quarter of 2015, which were 20% lower than the second quarter of 2014 and 7.3% lower than the first quarter of 2015. The decline was driven primarily by reduced activity in the upstream [Read more]