BOE Report

Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $2.8 billion and its unaudited net asset value was $1.4 billion, or $29.28 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]

Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $286.0 million and its unaudited net asset value was $197.4 million, or $19.71 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]

Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $289.3 million and its unaudited net asset value was $225.4 million, or $15.53 per share. As of Nov. 30, 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]

Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Nov. 30, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Nov. 30, 2015, the company’s unaudited total assets were approximately $1.5 billion and its unaudited net asset value was $876.4 million, or $18.65 per share. As of Nov. 30, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to [Read more]

TravelCenters of America Opens LNG Fueling Lanes at TA Santa Nella, California

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America LLC (TravelCenters), operator of the TA® and Petro Stopping Centers® travel center brands, has announced the opening of LNG (liquefied natural gas) fueling lanes at its TA location at I-5, Exit 407 (St. Hwy 33), (12310 S. Hwy 33) in Santa Nella, California. To date TravelCenters has also completed retrofitting its TA Truck Service and Petro:Lube facilities to provide truck maintenance and repair on both CNG (compressed natural gas) and [Read more]

Fitch: Acquisition of NGPL Credit Neutral to Kinder Morgan

NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects the announced acquisition of a 30% interest of Natural Gas Pipeline Company of America LLC (NGPL) to be neutral to Kinder Morgan Inc. (KMI; 'BBB-'/Stable Outlook). KMI announced yesterday that it and Brookfield Infrastructure Partners, LP (BIP) would acquire the remaining 53% equity interest in NGPL not already owned by them for a total purchase price of approximately $242 million. KMI will pay approximately $136 million and increase its ownership [Read more]

MarkWest Unitholders Approve Combination with MPLX

FINDLAY, Ohio & DENVER--(BUSINESS WIRE)--At a special meeting held today, unitholders of MarkWest Energy Partners, L.P. (NYSE: MWE) approved a strategic combination with MPLX LP (NYSE: MPLX) by voting to approve the merger agreement dated July 11, 2015, as amended. Based on the voting results, approximately 80 percent of the units voted at the special meeting were in favor of the merger agreement. The transaction will result in MarkWest, the second-largest processor of natural gas in the [Read more]

Kerui Group Becomes First Chinese Exporter of Nitrogen Generator for US

DONGYING, China--(BUSINESS WIRE)--Kerui Group recently shipped its single skid-mounted 1,200Nm3 /h membrane nitrogen generator for US after a week-long evaluation by the client, making it China's first membrane separation nitrogen generation system for oil stimulation to be exported to US. The membrane separation nitrogen generation system sold to the US client abandoned the traditional double truck-mounted or double skid-mounted design. It integrated the air compressor with the gas booster [Read more]

New Genesis 360MW Power Project to provide over 30% of Benin's current electricity demand

LONDON--(BUSINESS WIRE)--Genesis Energy “Genesis”, the energy group based in London, today announced the launch of a 360MW multiple gas fired power project valued at US$190 million, which will provide over 30% of the Republic of Benin's current electric power supply capacity. The project will commence with a 120MW power plant capacity, on a fast track basis, and will be on the back of a long term power purchase agreement without financial contributions from the government. The Genesis power [Read more]

FTTN Expanding Search for Oil Field Service Opportunities

LAS VEGAS--(BUSINESS WIRE)--Buoyed by its recent letter of intent (LOI) signing and increased industry talk of possible higher oil prices, First Titan Corp. (OTCQB: FTTN) has ramped up its hunt for business opportunities in the oil field service sector. FTTN is looking to either acquire existing companies, enter partnerships with other firms seeking capital or even starting a new outfit, depending on what its due diligence finds. “Our search is rapidly gaining momentum,” said FTTN CEO Sydney [Read more]