CALGARY, Oct. 1, 2015 /CNW/ - Parallel Energy Trust's ("Parallel" or the "Trust") US$165 million credit facility was not renewed on September 30, 2015 and Parallel is continuing to work with its lenders on alternative arrangements. There can be no assurances that alternative arrangements will be agreed to with Parallel's lenders. ABOUT PARALLEL ENERGY TRUST Parallel's assets and operations are located in the Mid-Continent Region of the United States and its portfolio consists of [Read more]
Couche-Tard announces completion of sale of Lubricants Business in Europe
LAVAL, QC, Oct. 1, 2015 /PRNewswire/ - Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B) announces today the closing of the deal to sell its lubricants business to FUCHS PETROLUB SE ("FUCHS"). The deal, announced on August 1st, 2015, was subject to standard regulatory approvals and closing conditions and has now received clearance from the competition authorities. The sale is through a share purchase agreement, pursuant to which FUCHS has acquired 100% of all issued and outstanding shares in [Read more]
CONSOL Energy Announces Third Quarter 2015 Earnings Release and Conference Call Schedule
PITTSBURGH, Oct. 1, 2015 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) will issue its third quarter earnings release at 6:45 a.m. Eastern Time on Tuesday, October 27. This will be followed by a conference call at 10:00 a.m. Eastern Time. The webcast and presentation materials will be accessible on the 'Investor Relations' page of the company's website, www.consolenergy.com. CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based producer of natural gas and coal. The company is one of the largest [Read more]
Gastar Exploration to Present at the IPAA Oil & Gas Investment Symposium on October 5, 2015
HOUSTON, Oct. 1, 2015 /PRNewswire/ -- Gastar Exploration Inc. ("Gastar") (NYSE MKT: GST) today announced that the Company will participate in the Independent Petroleum Association of America's Oil & Gas Investment Symposium being held October 5-6, 2015 in San Francisco. J. Russell Porter, President and Chief Executive Officer, will make a presentation on Monday, October 5 at 9:30 a.m. Pacific Time (12:30 p.m. Eastern Time). To listen to an audio webcast of the presentation and view [Read more]
Penn West Announces The Sale Of Its Non-Operated 9.5% Working Interest In The Weyburn Unit For $205 Million And UpDates Its Annual Production Guidance
CALGARY, Oct 1, 2015 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it has entered into a definitive agreement for the sale of its non-operated 9.5% working interest in the Weyburn Unit in Southeast Saskatchewan for cash consideration of $205 million, subject to closing adjustments customary in transactions of this nature. We intend to use the proceeds from this disposition to reduce our senior debt. Upon the [Read more]
CUI Global Announces Delivery of First Mercury Trace Element Detector Units to Australia and GasPTi’s to Asian Turbine Operator
TUALATIN, Ore., Oct. 1, 2015 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned UK energy subsidiary, Orbital Gas Systems Ltd., has successfully delivered the first three mercury detection units to a large liquid natural gas ("LNG") project under construction in Australia. The units, valued at almost £300,000 ($450,000 USD), use Orbital's proprietary VE Technology® sampling system to provide a fast and uniquely accurate method of detecting trace elements (like [Read more]
Polypropylene Market For Packaging, Automotive, Consumer Products, Electrical & Electronics, Construction and Other End-User Industries – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
LONDON, Sept. 30, 2015 /PRNewswire/ -- Polypropylene is a thermoplastic polymer that can be readily formed by catalytic polymerization of propylene. Manufacture of polypropylene is largely dependent on the availability of raw materials. This, in turn, is dependent on crude oil and natural gas reserves. Polypropylene possesses beneficial properties such as high surface hardness, good tensile strength, and strong chemical resistance. As a result, it has gradually replaced other polyolefins in [Read more]
Global Passenger Car Motor Oil Market 2015-2019
LONDON, Sept. 30, 2015 /PRNewswire/ -- About passenger car motor oil PCMO refers to motor oils for gasoline and diesel engines used in passenger vehicles. It reduces friction and wear and tear of the moving engine's crankshaft, connecting rods, bearings, and pistons. It also serves as an effective coolant. It inhibits the formation of deposits and prevents rust and corrosion.The market figures in the report include different viscosity grades of oil components, namely mono-grade and multi-grade. [Read more]
Hazelwood Energy Hub to develop world class blending facility in St. Landry Parish
OPELOUSAS, La., Sept. 30, 2015 /PRNewswire/ -- Hazelwood Energy Hub (Hazelwood) today announced the development of a world-class blending facility in St. Landry Parish, Louisiana. The facility's combination of salt caverns and surface storage, along with in-line blending of up to 10 types of crude, will offer customers the ability to custom order the perfect barrel for their needs. The Hazelwood site sits on 750 acres adjacent to the Bobcat Gas Storage facility owned by Spectra Energy. Several [Read more]
W&T Offshore to Present at the IPAA Oil & Gas Investment Symposium on October 5, 2015
HOUSTON, Sept. 30, 2015 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) announced today that the Company will participate in the Independent Petroleum Association of America's Oil & Gas Investment Symposium being held October 5-6, 2015 in San Francisco. Tracy Krohn, W&T Offshore's Chairman and CEO, is scheduled to make a presentation on Monday, October 5 at 1:25 p.m. Pacific Time (4:25 p.m. Eastern Time). The presentation will provide an update on the Company's operations and will be broadcast [Read more]
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