Yahoo! Canada Finance: Major Integrated Oil & Gas Industry News

Zargon Energy Trust Announces Receipt of the Minimum Required Shares in Connection With Its Offer to Acquire Newpact Energy Corp.

Fri, 16 May 2008 23:07:40 GMT

Marketwire - Zargon Energy Trust (TSX:ZAR.UN) (TSX:ZOG.B) ("Zargon") is pleased to announce that as of the tender deadline today, 7,947,506 common shares of Newpact Energy Corp. ("Newpact") have been validly deposited to Zargon's offer to acquire all of the outstanding common shares of Newpact Energy Corp.

Yamiri Gold and Energy Inc. receives bridge loan

Fri, 16 May 2008 21:52:28 GMT

CNW Group - Yamiri Gold and Energy Inc. (the "Company") announces that a bridge loan in the amount of up to $400,000 has been provided by Endeavour Mining Capital Corp., which will receive 250,000 common shares of the Company and cash interest in consideration for the loan.

Donna Frye and EarthWorks Honor Waste Management with EARTH Award

Fri, 16 May 2008 21:32:24 GMT

Business Wire - Waste Management of San Diego has received an EARTH award from San Diego EarthWorks and Councilmember Donna Frye.

Sunoco Announces Dingus to Retire as Senior Vice President, to Be Succeeded by Thomson

Fri, 16 May 2008 21:15:41 GMT

Business Wire - Sunoco, Inc. (NYSE:SUN) announced today that effective May 30, 2008, Michael H. R. Dingus...

Spry Energy Ltd. announces closing of flow-through share financing

Fri, 16 May 2008 21:11:41 GMT

CNW Group - Spry Energy Ltd. ("Spry" or the "Company") is pleased to announce that it has closed its previously announced private placement (the "Offering") of common shares of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Flow-Through Shares").

EV Energy Partners Announces Closing of Atascosa County, Texas Acquisition

Fri, 16 May 2008 20:40:36 GMT

Business Wire - EV Energy Partners, L.P. (Nasdaq:EVEP) today announced it has closed its previously announced acquisition of oil properties in South Central Texas for an adjusted purchase price of $17.8 million subject to customary post-closing adjustments.

Track(TM) - a Major Cost Management Software Solution Buys PCMS(TM) Software From the Turnaround Management Co.

Fri, 16 May 2008 20:39:49 GMT

PRNewswire - PCMS(TM) and Track(TM), two widely recognized cost control software packages, used in Refining, Chemical and Petrochemical industries worldwide, have joined forces.

EnerVest Energy and Oil Sands Total Return Trust: News Release

Fri, 16 May 2008 20:30:12 GMT

Marketwire - EnerVest Oil Sands Management Inc. (the "Administrator"), the Administrator of EnerVest Energy and Oil Sands Total Return Trust ("EnerVest") (TSX:EOS.UN), announces that Canoe Financial LP ("Canoe") has completed its previously announced acquisition of EnerVest Limited Partnership.

World Point Terminals Inc. - First quarter 2008 report to our shareholders

Fri, 16 May 2008 20:25:14 GMT

CNW Group - TSX:WPO: World Point Terminals Inc. (the "Company") is pleased to announce its results for the first quarter of 2008.

Genoil Inc. to Present at NYSSA's Annual Energy Equipment and Services Conference

Fri, 16 May 2008 20:18:15 GMT

Business Wire - Genoil Inc. (TSX VENTURE: GNO) (OTCBB: GNOLF.OB) is pleased to announce that the Corporation’s Chairman and Chief Executive Officer, Mr.

MarkWest Energy Partners to Present at the 2008 Master Limited Partnership Investor Conference

Fri, 16 May 2008 20:15:34 GMT

Business Wire - MarkWest Energy Partners, L.P. (NYSE: MWE) announced today that Frank Semple, President and Chief Executive Officer, will present at the 2008 Master Limited Partnership Investor Conference on Wednesday, May 21, 2008, at the Crowne Plaza Times Square hotel in New York City.

Copano Energy to Present at the 2008 Master Limited Partnership Investor Conference

Fri, 16 May 2008 20:15:21 GMT

PRNewswire - Copano Energy, L.L.C. (Nasdaq: CPNO) announced today that John Eckel, its Chairman and Chief Executive Officer, will speak at the 2008 Master Limited Partnership Investor Conference, to be held May 21-22, 2008 at the Crowne Plaza Times Square in New York City.

Enbridge Income Fund Announces Cash Distribution

Fri, 16 May 2008 20:15:03 GMT

Marketwire - Enbridge Income Fund (TSX:ENF.UN) today announced that a monthly cash distribution in the amount of $0.086 per ordinary unit, and a special one-time cash distribution in the amount of $0.024 per unit, for a total distribution of $0.11 per unit, will be paid on June 13, 2008, to unitholders of record on May 30, 2008.

American International Industries, Inc. Files Its 1st Quarter 2008 Report

Fri, 16 May 2008 20:07:11 GMT

Business Wire - American International Industries, Inc. (NasdaqCM:AMIN) American International Industries, Inc. (the “Company”), reported revenues of $5,716,062 for the three months ended March 31, 2008, compared to $6,612,570 for the same period in the prior year, primarily due to the reduction in revenues of Delta Seaboard and NPI. Hammonds Industries, Inc., a subsidiary of American International Industries, Inc. reported record revenues of $2,205,157 for the three months ended March 31, 2008, compared to $1,619,399 in the prior year, an increase of $585,758, or 36%.

Atlantic Wine Agencies, Inc. Signs Definitive Exchange Agreement to Acquire Independence Energy Corporation and Spin-Off its Winery Business

Fri, 16 May 2008 19:47:16 GMT

PRNewswire - Atlantic Wine Agencies, Inc. (OTC Bulletin Board: AWNA) ("Atlantic") has today announced that it has executed a definitive share exchange agreement with Independence Energy Corporation ("IEC"), a Canadian based oil and gas exploration enterprise ("Exchange Agreement").

Fitch Upgrades Florida Gas Utility's Project No. 2 to 'AA'; Outlook Stable

Fri, 16 May 2008 19:43:23 GMT

Business Wire - Fitch Ratings has upgraded the long-term debt rating for the Florida Gas Utility's Gas Supply Acquisition Project No. 2 revenue bonds (series 2006) to 'AA' from 'AA-'.

Saudi Arabia says it increased oil output by 300,000 barrels per day last week

Fri, 16 May 2008 19:28:00 GMT

The Canadian Press - RIYADH, Saudi Arabia - Saudi Arabia, under U.S. pressure to increase its oil output amid soaring energy prices, said Friday it had raised production by 300,000 barrels per day on May 10 and that increase was sufficient.

Oil hits record as Saudi hike fails to stem rally

Fri, 16 May 2008 19:26:00 GMT

Reuters - NEW YORK (Reuters) - Oil shot to a record high near $128 a barrel on Friday as a bullish price forecast from investment bank Goldman Sachs drowned out an offer of more supply from OPEC kingpin Saudi Arabia.

TSX up over 100 points on higher oil, gold;NY stalled by consumer data

Fri, 16 May 2008 19:25:00 GMT

The Canadian Press - TORONTO - The Toronto stock market was on track Friday afternoon for its third record close of the week as sharply higher oil and bullion prices boosted energy and gold stocks.

Chevron Donates $1.4 Million to Aid Victims of the Earthquake in Central China

Fri, 16 May 2008 19:20:22 GMT

Business Wire - Chevron Corporation (NYSE:CVX) today announced that it will contribute $1.4 million (approximately 10 million yuan) towards relief efforts in the aftermath of the earthquake that struck Sichuan Province in central China on May 12.

Amerex Brokers LLC Named to the CFTC's Newly Formed Energy Markets Advisory Committee

Fri, 16 May 2008 19:07:47 GMT

PRNewswire - Mike Prokop, Executive Vice President of Amerex Brokers LLC, has been named to the Commodity Futures Trading Commission's ("CFTC") newly formed Energy Markets Advisory Committee ("EMAC"). Amerex was the only inter-dealer broker selected by the CFTC to join this committee.

Primeline Energy Lishui Development Update-Environmental Survey Commenced

Fri, 16 May 2008 18:48:09 GMT

Marketwire - Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH) today reported that the Company has commenced the environmental survey necessary in order to proceed with the potential development of the Lishui 36-1 gas discovery.

Syntroleum Regains Nasdaq Compliance

Fri, 16 May 2008 18:40:21 GMT

Business Wire - Syntroleum Corporation (NASDAQ: SYNM) announced today the Company received a letter from Nasdaq on May 13, 2008, indicating the Company has regained compliance with the Nasdaq Stock Market.

US oil shipments into the Strategic Petroleum Reserve cancelled

Fri, 16 May 2008 18:40:00 GMT

The Canadian Press - WASHINGTON - Responding to congressional pressure, the Bush administration on Friday said it is suspending oil deliveries into the government's Strategic Petroleum Reserve for the remainder of the year.

Fitch Upgrades Devon Energy Corporation to 'BBB+'; Outlook Stable

Fri, 16 May 2008 18:25:44 GMT

Business Wire - Fitch Ratings has upgraded Devon Energy Corporation's (Devon) Issuer Default Rating (IDR) to 'BBB+' from 'BBB'.

Saudi Arabia rejects President Bush's call to raise oil production

Fri, 16 May 2008 18:04:00 GMT

The Canadian Press - RIYADH, Saudi Arabia - Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing U.S. President George W. Bush amid soaring gasoline prices.

CMS Energy Shareholders Re-Elect 11 Members to Company's Board of Directors

Fri, 16 May 2008 18:00:24 GMT

PRNewswire - The 11 incumbents on CMS Energy's Board of Directors were re-elected today by shareholders at the company's annual meeting.

CMS Energy's Utility Unit, Consumers Energy, Declares Quarterly Dividends on Preferred Stock

Fri, 16 May 2008 18:00:17 GMT

PRNewswire - The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared regular quarterly dividends on both series of the utility's preferred stock.

Michigan Gas Utilities Seeks Natural Gas Delivery Rate Increase

Fri, 16 May 2008 17:56:16 GMT

PRNewswire - Citing inflationary increases to costs, Michigan Gas Utilities Corporation (MGUC), a subsidiary of Integrys Energy Group (NYSE: TEG), today applied for an overall increase of 5.8 percent in its natural gas rates.

New Promotions by SCA Enable Businesses, Event Planners to Offer Consumers Free Gas or Groceries for Life

Fri, 16 May 2008 17:52:19 GMT

Business Wire - Businesses looking to combat sluggish sales now have a way to connect with consumers where it counts, thanks to the Gas for Life™ and Groceries for Life™ promotions recently unveiled by Dallas-based SCA Promotions.

Oil hits record near $128, Saudi raises output

Fri, 16 May 2008 17:46:00 GMT

Reuters - NEW YORK (Reuters) - Oil shot to a record high near $128 a barrel on Friday after Goldman Sachs, the most active investment bank in energy markets, forecast a continued spike in prices through the end of the year due to thin supplies.

Airgas SVP to Present at Goldman Sachs Basic Materials Conference

Fri, 16 May 2008 17:24:13 GMT

Business Wire - Airgas, Inc. (NYSE:ARG) Thomas S. Thoman, Senior Vice President of Airgas Merchant Gases,...

Mullen Group Income Fund announces May 2008 distribution

Fri, 16 May 2008 17:21:57 GMT

CNW Group - (TSX - MTL.UN) The Board of Directors of Mullen Group Inc. announced today that a monthly distribution of $0.15 per trust unit of Mullen Group Income Fund ("Mullen" or "Fund") has been declared for the month of May, 2008.

ENMAX Increases Offer for Cordero Energy Inc. Shares to $4.75 Cash per Share and Extends Offer to May 28, 2008

Fri, 16 May 2008 16:45:45 GMT

Marketwire - Cordero Energy Inc. (TSX:COR) ("Cordero" or the "Corporation") announced today that it has been notified by ENMAX Acquisition Corp. ("ENMAX"), an indirect wholly-owned subsidiary of ENMAX Corporation, that their original offer dated March 10, 2008, as extended, has been increased to $4.75 cash per common share of Cordero and the offer will be extended until 4:30 p.m. (MST) on May 28, 2008.

Petrosearch Energy Provides First Quarter Financial and Operational Update

Fri, 16 May 2008 16:44:18 GMT

Business Wire - Petrosearch Energy Corporation (OTCBB:PTSG) filed its quarterly Form 10-Q for the quarter ending March 31, 2008 yesterday.

Webcast Alert: PG&E Corporation Announces Investor Conference on May 22

Fri, 16 May 2008 16:42:29 GMT

PRNewswire - PG&E Corporation (NYSE: PCG) will host a meeting for members of the financial community on Thursday, May 22, to provide an update on the outlook for 2008 and beyond.

Interstate Power and Light Company to Invest in New Emission Reduction Controls at Lansing Generating Station

Fri, 16 May 2008 16:34:14 GMT

PRNewswire - Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), highlighted plans today to invest approximately $85 million in emissions reduction technologies at the Lansing Generating Station.

Garneau Inc. First Quarter Results Ended March 31, 2008

Fri, 16 May 2008 16:30:43 GMT

CNW Group - Garneau Inc. (GAR-TSX) yesterday filed its First Quarter Report and related Management's Discussion and Analysis for the quarter ended March 31, 2008.

Royal Dutch Shell plc - Buyback of Own Shares

Fri, 16 May 2008 16:26:58 GMT

PRNewswire - Royal Dutch Shell plc (NYSE:RDS.A) (NYSE: RDS.B) announces that on 16 May, 2008 it purchased for 650,000 "B" Shares at a price of 2082.40 pence per share.

Trinity Industries, Inc. Announces New Railcar Lease Financing

Fri, 16 May 2008 16:23:32 GMT

PRNewswire - Trinity Industries, Inc. (NYSE: TRN) announced today that its new wholly-owned subsidiary, Trinity Rail Leasing VI LLC ("TRL VI"), issued $572.2 million of promissory notes (the "Notes") secured by a portfolio of railcars, operating leases thereon, and certain cash reserves.

SMF Energy Corporation Expands Exclusive Distribution Agreement for ''Green'' Alternative Dry Cleaning Solvents into 9 States

Fri, 16 May 2008 16:06:23 GMT

Business Wire - SMF Energy Corporation, (NASDAQ:FUEL) (the “Company”), a leading provider of specialized transportation and distribution services for petroleum products and chemicals, today announced that it has entered into an agreement with Enviro Tech International, Inc., the manufacturer of DrySolv™, to be the exclusive distributor and sales agent of its patented environmentally friendly “Green” dry cleaning solvent, soap, and spotting chemicals in the states of Arizona, California, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

Advantage Announces Monthly Distribution

Fri, 16 May 2008 15:43:32 GMT

CNW Group - Advantage Energy Income Fund ("Advantage" or the "Fund") announces that the cash distribution for the month of May will be $0.12 per Unit.

PrimeEnergy Corporation Announces First Quarter Earnings

Fri, 16 May 2008 15:35:23 GMT

Business Wire - PrimeEnergy Corporation announced today the following unaudited results for the quarters ended March 31, 2008 and 2007:

Oil rallies to new high near $128

Fri, 16 May 2008 15:31:00 GMT

Reuters - LONDON (Reuters) - Oil shot to a record high near $128 on Friday after Goldman Sachs, the most active investment bank in energy markets, raised sharply its forecast for prices.

Innergex Power Income Fund announces its distribution for May 2008

Fri, 16 May 2008 15:29:54 GMT

CNW Group - Innergex Power Income Fund (TSX: IEF.UN) (the "Fund") has declared today its May cash distribution in the amount of $0.0833 per trust unit, representing $1.00 on an annual basis.

Magellan Petroleum Corporation Announces Third Quarter Earnings

Fri, 16 May 2008 15:12:27 GMT

PRNewswire - Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) reported consolidated net income of $1.7 million ($.04 per share) on gross revenues of $9.5 million in its fiscal third quarter ended March 31, 2008, as compared to net income of $286,000 ($.01 per share) on revenues of $6.8 million in last year's third quarter.

Duke Energy Announces Academic Scholars for 2008

Fri, 16 May 2008 15:04:42 GMT

PRNewswire - Duke Energy (NYSE: DUK) announced today that 20 children of Duke Energy employees have been selected to receive 2008 Duke Energy scholarships made possible by The Duke Energy Foundation.

Anadarko to Present at Upcoming Energy Conferences

Fri, 16 May 2008 15:03:35 GMT

Business Wire - Anadarko Petroleum Corporation (NYSE:APC) today announced that Karl Kurz, Chief Operating Officer, will present at the UBS Global Oil & Gas Conference in Austin, Texas, on May 22, at 11:35 a.m.

Constellation Energy Declares Quarterly Dividend

Fri, 16 May 2008 15:03:12 GMT

PRNewswire - Constellation Energy (NYSE: CEG) today announced that its board of directors has declared a quarterly dividend of 47.75 cents per share on the company's common stock, equivalent to $1.91 per share annually.

First quarter 2008: Hydro-Québec posts net income of $1,450 million, up $19 million

Fri, 16 May 2008 15:01:08 GMT

CNW Group - Net income totaled $1,450 million for the first three months of 2008, compared to $1,431 million for the same period in 2007.

Southern California Edison Proposes State's First Major 'Early Action' Greenhouse Gas Reduction Plan

Fri, 16 May 2008 15:00:46 GMT

Business Wire - Southern California Edison (SCE) today proposed to the California Air Resources Board the first major set of “early action” greenhouse gas reduction projects developed since California enacted Assembly Bill 32 — the historic climate change legislation that aims to cut greenhouse gas emissions by 25 percent by 2020.

Saudi Aramco and ConocoPhillips Confirm Yanbu Export Refinery Project

Fri, 16 May 2008 15:00:26 GMT

Business Wire - The Saudi Arabian Oil Company (Saudi Aramco) and ConocoPhillips (NYSE:COP) today announced they have approved continued funding for the development of the Yanbu Export Refinery Project.

International Power Group Appoints Michael J. Kugler to Its Board of Director

Fri, 16 May 2008 14:37:15 GMT

Business Wire - International Power Group, Ltd. (OTCBB:IPWG), announced today that has it appointed Mr.

New Jersey Resources Board of Directors Declares Dividend

Fri, 16 May 2008 14:22:25 GMT

Business Wire - The board of directors of New Jersey Resources (NJR) has unanimously declared a quarterly dividend on its common stock of $.28 per share.

Wanderport Corporation Undertakes New Economic and Administrative Initiatives

Fri, 16 May 2008 14:21:35 GMT

Business Wire - Wanderport Corporation (Pink Sheets:WDRP) has today disseminated its investment in a new oil and gas project.