BOGOTA, Colombia, May 3, 2017 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company) reports that the Gorgon-1 exploratory well showed presence of gas in the Colombian Caribbean deep-water, in zones with depths ranging between 3,675 and 4,415 meters below average sea level. The discovery proves gas presence on a structured located in the same geological trend of the Kronos field. Gorgon-1 is located 27 km away from the Purple Angel-1 well, which recently [Read more]

NEW YORK and MOSCOW, May 3, 2017 /PRNewswire/ -- The biggest issue facing the Russian ruble in 2017 is the price of oil, according to a Bloomberg survey of foreign exchange (FX) executives released today. Of those polled, the majority or 51 percent, say oil prices will have the biggest effect on the currency, while only 22 percent worry about Russian Central Bank policies and geopolitics. Few (5 percent) are concerned about U.S. interest rate hikes, according to [Read more]

DETROIT, May 3, 2017 /PRNewswire/ -- For the second consecutive year, DTE Energy received the American Gas Association's (AGA) Safety Achievement Award for excellence in employee safety. The award, based on safety results in 2016, recognizes companies that have the lowest number of employee injuries and illnesses as measured by the Federal Occupational Safety and Health Administration (OSHA). "Winning the award two consecutive years is a reflection of our [Read more]

Proposed $30 million cash investment, $24.1 million of indebtedness converted to equity and maturity date on indebtedness to AOG extended to July 2019 CALGARY, May 3, 2017 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announces that it has entered into a series of agreements with the Corporation's two largest shareholders, The Addax and Oryx Group ("AOG") and Zeg Oil and Gas Ltd ("Zeg Oil and Gas"), which provide as follows: Zeg Oil and Gas has [Read more]

HAMILTON, Bermuda, May 3, 2017 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company" or "we") today announced results for the three months ended March 31, 2017. Highlights Reported a net loss of $2.2 million for the three months ended March 31, 2017, or $0.06 basic and diluted loss per share, as compared to a net income of $6.7 million, or $0.26 basic and diluted earnings per share, for the three months ended March 31, 2016. The Company reported EBITDA (see [Read more]

LONDON, May 2, 2017 /PRNewswire/ -- The global enhanced oil recovery (EOR) market size is expected to reach USD 185.22 million by 2025, according to a new report by Grand View Research, Inc. The widening gap between the production and demand of oil globally is the major factor for the growth of enhanced oil recovery market. In addition, favorable government regulation and initiatives for developing a proper infrastructure and advanced technology for oil production is also expected to fuel the [Read more]

HOUSTON, May 2, 2017 /PRNewswire/ -- Western Gas Partners, LP (NYSE: WES) ("WES" or the "Partnership") and Western Gas Equity Partners, LP (NYSE: WGP) ("WGP") today announced first-quarter 2017 financial and operating results. WESTERN GAS PARTNERS, LPNet income (loss) available to limited partners for the first quarter of 2017 totaled $5.6 million, or $0.01 per common unit (diluted), with first-quarter 2017 Adjusted EBITDA(1) of $255.0 million and first-quarter 2017 Distributable cash flow(1) [Read more]

LONDON, May 2, 2017 /PRNewswire/ -- The global oil free air compressors market is expected to reach USD 15.2 billion by 2025, according to a new report by Grand View Research, Inc. Air compressors are heavily used in manufacturing applications, for instance, oil-free air is directly used in various locations as a power source for manufacturing machines. A strong demand from the food & beverage sector, owing to the mandatory health & safety requirements, is expected to drive the oil free air [Read more]