Oil & Gas Transportation & Storage Industry News

Need More Information On This Industry?

See It All Now! Free Trial

866-704-3389

Oil & Gas Transportation & Storage Industry News

/C O R R E C T I O N -- BJ Services Company/ (6:06:00pm Mon Nov. 23, 2009 CDT)

In the news release, "BJ Services Reports Fourth Fiscal Quarter Net Loss From Continuing Operations of $0.01 per Diluted Share," issued 23-Nov-2009 by BJ Services Company, PR Newswire inadvertently issued the news release with an error in the Condensed Consolidated Statement of Operations. In the first table, "Condensed Consolidated Statement of Operations," second line item, "Cost of sales and services:" the entry for June 30 2009 should read 731,948 rather than 15,922. The complete, corrected release follows: ...

Pinnacle Announces Third Quarter Earnings (5:26:00pm Mon Nov. 23, 2009 CDT)

SHERIDAN, Wyo., Nov. 23 /PRNewswire-FirstCall/ -- Pinnacle Gas Resources, Inc. (Nasdaq: PINN) today reported the Company's financial results for the third quarter and nine months ended September 30, 2009 which included the following information: ...

Norwood Will Redrill San Bartolo Sidetrack Well (4:58:00pm Mon Nov. 23, 2009 CDT)

VANCOUVER, Nov. 23 /PRNewswire-FirstCall/ - Norwood Resources Ltd. (the "Company") announces that the Company will drill a second sidetrack well at San Bartolo, Nicaragua. The first sidetrack well, SB-1X is considered too degraded for adequate testing of the principle hydrocarbon targets. The hole stability was compromised during low pressure nitrogen lift operations, when borehole pressures fell below formation strength resulting in hole collapse problems. Rather than risk the testing of SB-1X under these conditions, the Company has decided to drill another sidetrack utilizing available equipment presently at the well-site. ...

The SEG's 79th Annual Meeting Attendance Nearly 9,300 (4:28:00pm Mon Nov. 23, 2009 CDT)

TULSA, Okla., Nov. 23 /PRNewswire/ -- The 79th Annual Meeting and International Exposition of the Society of Exploration Geophysicists (SEG) was one of the most successful in recent years. Attendance was nearly 9,300, surpassing recent annual meeting delegate totals by nearly 1,000 delegates. The increasingly international nature of SEG's membership, now more than 32,000, was evidenced by delegates from 85 countries. The near sold-out exposition floor covered 375,000 square feet which was populated by booths from more than 360 exhibitors. In the words of Apache's Klaas Koster, SEG president-elect, "The exhibition floor had booths from pretty much every significant player with an ambition to reach a global audience; major and national oil companies were recruiting, hardware and software were demonstrated, and services and education were offered. In short, a vibrant marketplace alive with buyers and sellers." ...

ATWOOD OCEANICS Announces Fourth Quarter Earnings for FY 2009 (4:04:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- ATWOOD OCEANICS, INC. (NYSE: ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $48,284,000 or $0.75 per diluted share, on revenues of $131,044,000 for the quarter ended September 30, 2009 compared to net income of $74,753,000 or $1.16 per diluted share, on revenues of $160,654,000 for the quarter ended September 30, 2008. For the twelve months ended September 30, 2009, the Company earned net income of $250,745,000 or $3.89 per diluted share, on revenues of $586,507,000 compared to net income of $215,438,000 or $3.34 per diluted share, on revenues of $526,604,000 for the twelve months ended September 30, 2008. ...

ThermoEnergy Announces the Completion of the Second Phase of its Recapitalization Plan and Changes in Management (4:00:00pm Mon Nov. 23, 2009 CDT)

LITTLE ROCK, Ark., Nov. 23 /PRNewswire-FirstCall/ -- ThermoEnergy Corporation (OTC Pink Sheets: TMEN) today announced that the Company completed the second phase of its recapitalization. The second phase of the plan raised from its investors $1.4 million in cash and retired $5.9 million of outstanding debt and interest in exchange for 3.0 million shares of Series B Convertible Preferred Stock and 5.6 million common stock purchase warrants. The Series B Convertible Preferred Stock were issued at $2.40 per share and are convertible, at any time at the discretion of the holder, into 10 shares of common stock. The warrants have a term of five years and an exercise price of $0.50 per share. Both instruments include conventional weighted average anti-dilution provisions. All parties to this second tranche of our recapitalization provided the Company with complete and general releases to all claims in the past and present, whether known or unknown. ...

PLS Logistics Services Launches Expanded Shipping Planning Capabilities (3:54:00pm Mon Nov. 23, 2009 CDT)

PITTSBURGH, Nov. 23 /PRNewswire/ -- PLS Logistics Services, the leader in technology-based third party logistics solutions, today announced the launch of PLS PRO System, expanding the scope of its web-based proprietary Transportation Management System. PLS PRO replaces PLS' eflatbed.com, and gives customers and carriers the advantage of planning more of their shipping and transportation needs with a single interface. ...

Fibrowatt LLC Selects Fagen, Inc. as the EPC Contractor for up to Three Biomass-Fueled Power Projects in the Southeast United States. (3:18:00pm Mon Nov. 23, 2009 CDT)

GRANITE FALLS, Minn., Nov. 23 /PRNewswire/ -- Fibrowatt LLC, a member of the Homeland Renewable Energy Group, announced today it has executed an initial agreement with Fagen, Inc. for the engineering, procurement, and construction (EPC) of its first biomass-fueled power project in North Carolina. The primary fuel consumed by this power plant will be poultry litter. The agreement can also be extended to two additional projects. The terms of the agreement remain confidential. ...

Copano Energy to Present at the 2009 FBR Capital Markets Fall Investor Conference (3:15:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- Copano Energy, L.L.C. (Nasdaq: CPNO) announced today that R. Bruce Northcutt, its President and Chief Executive Officer, will speak at the 2009 FBR Capital Markets Fall Investor Conference, to be held December 1-2, 2009 in New York City. ...

New DOT Fuel Efficiency Study Cites Double-Stack Rail Benefits (2:46:00pm Mon Nov. 23, 2009 CDT)

WASHINGTON, Nov. 23 /PRNewswire-USNewswire/ -- In a newly released report, the Federal Railroad Administration (FRA) finds that double stack freight rail transportation is up to five times more efficient than motor carrier transportation. The FRA's "Comparative Evaluation of Rail and Truck Fuel Efficiency on Competitive Corridors" underscores the advantages of projects such as the National Gateway. ...

Former Minnesota Congressman Martin Sabo Advocates for Federal Transportation Policy Reform at Minneapolis Forum (2:16:00pm Mon Nov. 23, 2009 CDT)

National Transportation Policy Project Recommendations Highlight Twin Cities' Advanced and Innovative Transportation Policies ...

Spectra Energy Announces Open Season for Texas Eastern Appalachia to Market (TEAM) 2013 Expansion Program (2:15:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire-FirstCall/ -- Spectra Energy Corp's (NYSE: SE) Texas Eastern Transmission, LP (Texas Eastern) today announced an open season for TEAM 2013, a proposed expansion of its existing Texas Eastern system to deliver additional, emerging Appalachian and Marcellus Shale natural gas supplies to premium markets in the U.S. Northeast. The TEAM 2013 open season is in addition to the previously announced TEAM 2012 expansion which will provide customers with up to 300 million cubic feet per day (Mmcf/d) of capacity by the fourth quarter 2012. ...

CAMAC Signs Purchase and Sale Agreement on Oyo Oilfield With Pacific Asia Petroleum (2:14:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire/ -- CAMAC Energy Holdings Limited today announced it signed a Purchase and Sale Agreement covering the Oyo Oilfield which will result in its acquiring a 62.74% ownership interest in Pacific Asia Petroleum, Inc. (PAP) headquartered in Hartsdale, New York. ...

Nice Ride Minnesota Announces First Kiosk Sponsors (2:09:00pm Mon Nov. 23, 2009 CDT)

MINNEAPOLIS, Nov. 23 /PRNewswire/ -- Nice Ride Minnesota, a new non-profit created to bring public bike sharing to Minneapolis, today announces another successful round of fundraising. Augsburg College, Grant Thornton, Abbott Northwestern Hospital, Dorsey & Whitney LLP, Seward Co-op, Wedge Co-op, Equal Exchange, Peace Coffee, Birchwood Cafe, Dero Bike Rack Co. and Aveda have all announced their plans to sponsor Nice Ride bike share kiosks. ...

$1.8 Billion Annual Hit to Houston Region Causes Stir at Minute Maid Park (2:05:00pm Mon Nov. 23, 2009 CDT)

HOUSTON, Nov. 23 /PRNewswire/ -- Lawmakers, business leaders, BAE Systems employees and concerned citizens gathered outside of Minute Maid Park in Downtown Houston today to call on the Army to reconsider the flawed bidding process that has taken away a contract to build military armored vehicles at a nearby Sealy plant and will cause the loss of thousands of jobs in Texas and hit the Houston region's economy by nearly $2 billion a year. ...

Register for a Free Trial Now!

Call (866) 704-3389 to get started, or fill out this form and we'll contact you to set up your custom trial. Calling from outside the US?

All fields required.