CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Veresen Inc. ("Veresen" or "the Company") (TSX:VSN) today announced guidance for 2015 and declared a cash dividend for December 2014. 2015 Guidance Veresen is forecasting distributable cash in the range of $0.93 to $1.20 per Common Share for 2015. Based on an annualized dividend of $1.00 per Common Share for 2015, the corresponding payout ratio will range between 83 percent and 108 percent. "Our 2015 guidance range [Read more]
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Petro-Canada Lubricants' new DURON™-E UHP 5W-30 Heavy Duty Engine Oil delivers both fuel economy and engine protection
Latest addition to the DURON family can deliver up to 2x* better engine protection and 4%** better fuel economy MISSISSAUGA, ON, Dec. 8, 2014 /CNW/ - Petro-Canada Lubricants Inc., a Suncor Energy business, has launched its newest product – DURON™-E UHP 5W-30. It is an ultra-high performance full synthetic low viscosity heavy duty diesel engine oil (HDEO) that can deliver up to 2x* better engine protection and 4%** better fuel economy. (Photo: http://photos.prnewswire.com/prnh/20141206/162750) [Read more]
Canadian Oil Sands Limited Reduces Capital Spending Plans for 2015 as Syncrude Projects Wind Down, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwired - Dec 8, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Canadian Oil Sands Limited (TSX:COS) (Calgary, Alberta) recently lowered its capital expenditures (capex) outlook for 2015, as it announced that major capital projects, particularly for oilsands miner Syncrude Canada, are coming to a close. The $564 million in expected capex for 2015 is about 40% lower than the 2014 budget. Industrial Info is tracking more than $13 billion in active [Read more]
CNOOC Limited Announces First Production from K1A
HONG KONG, Dec. 8, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that the company has started producing bitumen from Kinosis 1A (K1A), a new steam-assisted gravity drainage (SAGD) facility. The K1A project, located approximately 12 kilometers south of the Long Lake SAGD and upgrader in Alberta, Canada, consists of steam-generating equipment, well pad facilities, 37 well pairs, and water and bitumen flowlines. Bitumen produced from K1A is processed [Read more]
Strata-X Energy Ltd.: Illinois Basin Shallow Well Program Update
DENVER, COLORADO and BRISBANE, QUEENSLAND and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 7, 2014) - Drilling rig for Blue Spruce #1 well to be deployed in mid December. 3,800ft well expected to cost ~USD$300,000, completed and equipped for production. Finding and development costs of less than $8/barrel.(1) Netback of $44 per barrel at current crude oil prices.(1) Strata-X first company to be approved by State [Read more]
Enbridge Announces Adoption of Advance Notice Bylaw
CALGARY, ALBERTA--(Marketwired - Dec. 5, 2014) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) today announced the adoption by its Board of Directors of Bylaw No. 2 of the Company (the Advance Notice Bylaw), a bylaw establishing a framework for advance notice of nominations of directors by shareholders of the Company (Shareholders). The Advance Notice Bylaw is similar to the advance notice bylaws adopted by many other Canadian public companies. Specifically, it provides [Read more]
Enbridge Energy Partners, L.P. to Present at the 2014 Wells Fargo Securities Energy Symposium
HOUSTON, TX--(Marketwired - Dec 5, 2014) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") will be presenting at the 2014 Wells Fargo Securities Energy Symposium in New York City, New York. Mark A. Maki, president of the Partnership, will present an overview of the Partnership's business and growth prospects commencing at approximately 10:40 a.m. Eastern Time on Tuesday, December 9, 2014. The presentation will be webcast live over the Internet [Read more]
New $6.8-million R&D centre open for business at Memorial University
ST. JOHN'S, Dec. 5, 2014 /CNW/ - Construction of a new offshore research and development centre at Memorial University is complete, paving the way for increased collaborative research focused on solving technical challenges facing Newfoundland and Labrador industries. The new Suncor Energy Offshore R&D Centre will house innovative ocean- and offshore engineering-related R&D projects that will be carried out in collaboration with local and global industry partners. It is estimated that the new [Read more]
Cenovus to hold conference call and webcast on 2015 budget
CALGARY, Dec. 4, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its 2015 budget on Thursday, December 11, 2014. The news release will provide the company's outlook and expectations for 2015. A conference call and webcast to discuss the budget will be held for the investment community at 9 a.m. MT (11 a.m. ET). To participate, please dial 888-231-8191 (toll-free in North America) or 647-427-7450 approximately 10 minutes prior to the conference call. An archived recording of [Read more]
HII Technologies Provides Operational Update; Business Activity Remains Robust
HOUSTON, TX--(Marketwired - December 04, 2014) - HII Technologies, Inc. (OTCQB: HIIT) ("HII Technologies" or the "Company"), an oilfield services company headquartered in Houston, Texas, provided a timely update on current operations. "While we understand the market's concern over falling crude oil prices, we note that business continues to grow rapidly at HII Technologies," stated Matthew Flemming, CEO. "Our top five customers represent more than 50% of our current revenues and are comprised of [Read more]