Marketwire - Pipelines

Zulu Energy Corp. Raises $8.0 Million in Private Placement

Fri, 09 May 2008 16:38:00 EDT

Proceeds to Fund Coalbed Methane Development Operations in Botswana, Africa

Westcoast Energy Declares Dividends

Fri, 09 May 2008 13:07:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - On May 9, 2008, Westcoast Energy Inc. ("Westcoast") declared the following quarterly dividends: 1. 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7: A dividend of 34.375 cents per share payable on July 15, 2008 to shareholders of record at the close of business on July 1, 2008. 2. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of 35.00 cents per share payable on July 15, 2008 to shareholders of record at the close of business on July 1, 2008.

Ontario Energy Association Breakfast Speakers' Series Continues

Fri, 09 May 2008 12:19:00 EDT

Gaetan Caron, Chair and CEO, National Energy Board and Brian Frank, President, BP Energy Company Featured Speakers

Westar Energy Announces First Quarter 2008 Results

Fri, 09 May 2008 08:43:00 EDT

Tax benefit Increases First Quarter Earnings

Two Power Plants Forced Offline After Wednesday's Blackout in Trinidad and Tobago, an Industrial Info News Alert

Fri, 09 May 2008 05:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 9, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On Wednesday, a fault at one of Trinidad and Tobago's transmission lines caused a blackout, which affected the northwestern part of the country. The areas that were affected are Chaguaramas, Carenage, Diego Martin, PetitValley, Diamond Vale and Westmoorings.

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CU Inc. Announces the Filing of a Preliminary Base Shelf Prospectus

Thu, 08 May 2008 19:17:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - CU Inc. announced today, together with its dealers BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and TD Securities Inc., that it has filed with the securities commissions in each of the provinces of Canada a Preliminary Base Shelf Prospectus to issue up to $1,500,000,000 of Debentures in tranches as required over the next 25 months. The proceeds will be used to fund utility capital expenditures, to repay existing indebtedness and for other general corporate purposes.

Northland Power Income Fund Announces Q1 Results

Thu, 08 May 2008 19:03:00 EDT

TORONTO, ONTARIO--(Marketwire - May 8, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OR ITS POSSESSIONS. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Northland Power Income Fund (the "Fund") (TSX:NPI.UN)(TSX:NPI.DB) reported its financial results today for the quarter ended March 31, 2008. /T/ FINANCIAL AND OPERATING HIGHLIGHTS ----------------------------------------------------------------------------

AltaGas Appoints New Member to Board of Directors

Thu, 08 May 2008 17:10:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced the appointment of Hugh A. Fergusson, B.A., LLB, ICD.D, to the Board of Directors of AltaGas General Partner Inc., effective May 7, 2008. Mr. Fergusson is currently a board member for Provident Energy Trust, Canexus Income Trust and the Alberta Electric System Operator. He was also a board member with Taylor NGL Limited Partnership from 2005 to 2008. "I am happy to welcome Mr. Fergusson to the Board of Directors of AltaGas," said David Cornhill, Chairman and CEO of AltaGas. "Mr. Fergusson brings a wealth of energy industry experience and I am confident he will make a positive contribution to our Board as we position AltaGas for continued growth."

EESV Names Houston Drilling Management as Drilling Manager

Thu, 08 May 2008 14:33:00 EDT

Houston Drilling Management Retained as Drilling Manager and Working Interest Partner

Spectra Energy Canada Exchangeco Inc. Declares Quarterly Dividend

Thu, 08 May 2008 14:13:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Spectra Energy Canada Exchangeco Inc. ("Exchangeco"), a subsidiary of Spectra Energy Corp, today declared a quarterly cash dividend of CDN $0.22 on its Duke Energy Exchangeable shares (TSX:SPT.A) payable on June 16, 2008 to shareholders of record on the close of business May 19, 2008. All dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes by Exchangeco including the dividend above are designated eligible dividends pursuant to Subsection 89(14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation will apply to all such dividends paid or deemed paid in the future unless otherwise notified by Exchangeco. An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit.

Inter Pipeline Fund Announces May 2008 Cash Distribution

Thu, 08 May 2008 11:26:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Inter Pipeline Fund (Inter Pipeline) (TSX:IPL.UN) announced today the declaration of a cash distribution of $0.07 per unit for May 2008. This distribution will be paid on or about June 16th to unitholders of record on May 30, 2008. The monthly cash distribution rate of $0.07 per unit is subject to periodic review by the Board of Directors of Inter Pipeline's General Partner. Over the past several years, Inter Pipeline has been successful in maintaining stable and increasing levels of distributions to unitholders.

Inter Pipeline Fund Announces Strong First Quarter 2008 Results

Thu, 08 May 2008 11:26:00 EDT

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Inter Pipeline Fund (Inter Pipeline) (TSX:IPL.UN) announced today its financial and operating results for the three month period ended March 31, 2008. Highlights - Funds from operations (1) increased 38.3% to $75.8 million, compared to the same quarter a year ago - Attractive first quarter payout ratio before sustaining capital (1) of 61.3%, compared to 77.4% in the first quarter of 2007 - Generated net income of $60.1 million, representing an increase of 145% compared to first quarter results of last year

ERHC Energy Releases Q&A With Vice President Corporate Development

Thu, 08 May 2008 09:45:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - ERHC Energy Inc. (OTCBB: ERHE), an American company with valuable oil and gas assets in the highly prospective Gulf of Guinea, today released the following interview with David Bovell, vice president corporate development with ERHC. The discussion covered issues related to Mr. Bovell's responsibilities, including expanding the Company's assets through acquisitions and exploring various stock exchange listing alternatives.

El Paso Pipeline Partners Reports First Quarter Results

Thu, 08 May 2008 07:45:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - El Paso Pipeline Partners, L.P. (NYSE: EPB) is reporting today first quarter 2008 financial and operational results for the partnership.

Highlights:

--  Net Income of $27.6 million -- up from $10.1 million in 2007
--  Earnings of $0.32 per common unit
--  Cash available for distribution of $24.9 million
--  Declared quarterly cash distribution of $0.28750 per unit
--  Kanda lateral expansion placed in-service

El Paso Corporation Reports 83 Percent Increase in First Quarter Adjusted EPS

Thu, 08 May 2008 07:30:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - El Paso Corporation (NYSE: EP) is reporting today first quarter 2008 financial and operational results for the company.

Highlights:

--  $0.29 earnings per diluted share from continuing operations versus a
    loss of $0.08 in 2007
--  Pipeline earnings before interest expense and taxes (EBIT) and
    throughput up 5 percent and 7 percent, respectively, from first quarter
    2007
--  Exploration & Production (E&P) EBIT up 35 percent versus first quarter
    2007
--  Production, including unconsolidated affiliate volumes, totaled 886
    million cubic feet equivalent per day (MMcfe/d) -- an 8 percent increase
    over first quarter 2007
--  Expanded hedge position for 2008 and 2009. Oil hedges for 2009 ensure
    approximately $105 million of incremental revenues versus 2008.

Willbros Announces First Quarter Earnings of $0.46 per Diluted Share From Continuing Operations

Wed, 07 May 2008 17:10:00 EDT

HOUSTON, TX--(Marketwire - May 7, 2008) - Willbros Group, Inc. (NYSE: WG)

--  Company continues turnaround, posting record quarterly earnings and
    revenue.
--  Continuing operations first quarter 2008 net income of $19.1 million
    compares to net loss of $3.3 million for first quarter 2007.
--  Full results for first quarter 2008, including discontinued
    operations, were $21.7 million net income, $0.52 per diluted share.
--  First quarter 2008 EBITDA(1) of $45.2 million.
--  Backlog at March 31, 2008 of $1.2 billion, primarily in North America,
    and 76 percent cost reimbursable contracts is consistent with Company
    strategy.

Canadian Utilities Limited Announces Appointment of Deputy Chairman

Wed, 07 May 2008 16:54:00 EDT

EDMONTON, ALBERTA--(Marketwire - May 7, 2008) - R.D. Southern, Chairman of the Board, Canadian Utilities Limited, is pleased to announce the appointment of Nancy Southern as Deputy Chairman effective May 7, 2008. Ms. Southern assumes this responsibility in addition to her current role as President & Chief Executive Officer. Ms. Southern has been a Director of Canadian Utilities since 1990. She served as the Corporation's Deputy Chairman from 1996 until 2000; Deputy Chief Executive Officer from 1998 - 2000 and Co-Chairman and Chief Executive Officer from 2000 to 2003.

AltaGas Income Trust Reports Record Earnings of $37.6 Million in First Quarter 2008

Wed, 07 May 2008 13:50:00 EDT

CALGARY, ALBERTA--(Marketwire - May 7, 2008) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced record net income of $37.6 million ($0.58 per unit) for the three months ended March 31, 2008, compared to $24.6 million ($0.43 per unit) for the same period of 2007 - an increase of 53 percent quarter-over-quarter. "Our record first quarter results are solid proof that our growth strategy is working," said David Cornhill, Chairman and CEO of AltaGas. " With the contribution of the Taylor assets, our earnings have exceeded market expectations. We continue to actively create opportunities to further enhance the value of these assets, while acquiring and growing other infrastructure assets in our gas and power businesses."

Century Petroleum - Alligator Bayou Update

Wed, 07 May 2008 08:30:00 EDT

HOUSTON, TX--(Marketwire - May 7, 2008) - Century Petroleum Corp. (OTCBB: CYPE) ("Century Petroleum" or "the Company") today announced that drilling operations on Alligator Bayou #1 in Matagorda County (Texas) have begun. The well has a planned total depth (TD) of 25,000 feet and targets gas in the emerging Lower Tertiary condensate play.

"Century is pleased to announce that operations on the initial test well of the Alligator Bayou Prospect are progressing as scheduled. We expect to reach TD in approximately six months. This prospect has the potential of becoming a major discovery in the emerging Lower Tertiary condensate play and is consistent with our strategy of pursuing high impact Gulf Coast projects," said James Hersch, CEO of Century Petroleum.

American Water & Energy Savers Joins Forces With Power Buyer Green and Grant Capital Management

Wed, 07 May 2008 07:30:00 EDT

One of the Nation's Oldest Water Conservation Companies Has Recently Partnered With Power Buyer Green Along With Grant Capital Management in an Effort to Provide Energy Efficient Programs to Cut Cost to Owners of Multifamily Properties

E.ON Benelux Halts Construction of 1,070-Megawatt Plant in Netherlands, an Industrial Info News Alert

Wed, 07 May 2008 07:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON Benelux, a part of E.ON AG (PINKSHEETS:EONGY), was forced to temporarily halt the construction of a coal-and-biomass-fired power plant on the Maasvlakte harbor in Rotterdam, Netherlands. E.ON had begun groundwork, assuming that only a license was required for the operation stage. Construction work will be halted to prevent interference with neighboring company Lyondell.

Heavy Electrical Giants in India Set to Grow in the Global Arena, an Industrial Info News Alert

Wed, 07 May 2008 06:00:00 EDT

BANGALORE, INDIA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Bharat Heavy Electricals Limited (BHEL) (New Delhi) has bagged a $137.5 million export contract to supply two 135-megawatt, environment-friendly circulating fluidized bed combustion (CFBC) boilers and auxiliaries to Koniambo Nickel SAS (New Caledonia).

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Industrial Power Producers Play Vital Role in Supplying Energy Needs for Process and Manufacturing Industries, an Industrial Info News Alert

Wed, 07 May 2008 05:00:00 EDT

SUGAR LAND, TX--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Many of North America's processing and manufacturing plants rely on on-site power generation to supply their energy needs. These plants are referred to as Industrial Energy Producers (IEPs) and are home to on-site power generation, back-up generators or cogeneration facilities. In short, IEPs are power plants in facilities outside the Power Industry. Industrial Info maintains key information on IEPs as part of our Power Industry Database. Currently, the amount of electrical capacity exceeds 29,000 megawatts in 2,418 operational units.

TransAlta Announces US$500 Million of Senior Notes due 2018

Tue, 06 May 2008 15:04:00 EDT

CALGARY, ALBERTA--(Marketwire - May 6, 2008) - TransAlta Corporation (TSX:TA) (NYSE:TAC) today announced it has priced an offering of US$500 million of 6.65 per cent senior notes due in 2018. The senior notes were priced at 99.724 per cent for yield to maturity of 6.688 per cent. The notes have been rated Baa2 (stable) by Moody's Investor Service and BBB (stable) by Standard & Poor's Rating Services, a division of McGraw-Hill, Inc. The net proceeds from the offering will be used for debt repayment, financing of TransAlta's long-term investment plan and for general corporate purposes.

Ternium Announces First Quarter 2008 Results

Mon, 05 May 2008 16:57:00 EDT

LUXEMBOURG--(Marketwire - May 5, 2008) - Ternium S.A. (NYSE: TX) today announced its results for the first quarter ended March 31, 2008.

The financial and operational information contained in this press release is based on consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and presented in U.S. dollars and metric tons.

Summary of First Quarter 2008

                                   1Q 2008      4Q 2007       1Q 2007

Shipments (million tons)               2.7      2.8   -3%     2.5    9%
Net Sales (US$ million)            2,427.7  2,267.2    7% 1,798.3   35%
Operating Income (US$ million)       434.9    297.2   46%   415.4    5%
EBITDA (US$ million)                 592.5    469.0   26%   530.7   12%
EBITDA Margin (% of net sales)          24%      21%           30%
Net Income (US$ million)             483.6    220.6  119%   251.6   92%
Equity Hol

US UNCON FUEL Producers Rally for Energy Independence

Mon, 05 May 2008 13:26:00 EDT

HOUSTON, TX--(Marketwire - May 5, 2008) - Oil prices could double in five years -- ending the cheap-fuel era and creating chaos in global economies, and subsequently unconventional fuel developers are rallying to promote clean, lower-cost, domestic-transportation fuels.

New technologies such as plasma gasification used in the Coskata hybrid process will be developed to increase fuel output as the unconventional-fuel industry prepares to boom in the face of rising oil prices.

Stephen Johnson, president, American Clean Coal Fuels, warned that while global oil reserve reporting is not perfect, a very serious situation is certainly emerging.

Canadian Hydro et TCI Renewables obtiennent des contrats visant 116 MW d'�nergie �olienne au Qu�bec

Mon, 05 May 2008 12:53:00 EDT

CALGARY, ALBERTA--(Marketwire - 5 mai 2008) - Venterre, une coentreprise de Canadian Hydro Developers, Inc. (TSX:KHD) ("Canadian Hydro") et de TCI Renewables Limited ("TCI Renewables"), a annonc� aujourd'hui avoir obtenu de Hydro-Qu�bec Distribution ("HQD") deux contrats d'approvisionnement d'�lectricit� d'une dur�e de 20 ans (les "CAE") visant 116 MW d'�lectricit� provenant de deux projets �oliens. L'�lectricit� sera produite par le projet �olien New Richmond de 66 MW ("New Richmond") et le projet �olien Saint-Valentin de 50 MW ("Saint-Valentin").

TransAlta renews normal course issuer bid program

Mon, 05 May 2008 12:45:00 EDT

CALGARY, ALBERTA--(Marketwire - May 5, 2008) - TransAlta Corporation (TSX:TA) (NYSE:TAC) announced today it has received regulatory approval from the Toronto Stock Exchange (TSX) for the continuation of its normal course issuer bid program. The program is in its eighth consecutive year. TransAlta believes maintaining a balanced approach to capital allocation enables the company to create consistent and stable shareholder value in a capital intensive, commodity industry. TransAlta's plan includes portfolio optimization, investment in new capacity and returning capital to shareholders through dividends and share buybacks. As in 2007, TransAlta has the approval to purchase, for cancellation, up to 19,884,460 of its common shares, representing 10 per cent of TransAlta's public float as of April 23, 2008.

Canadian Hydro and TCI Renewables Awarded 116 MW of Wind Power Contracts in Quebec

Mon, 05 May 2008 12:40:00 EDT

CALGARY, ALBERTA--(Marketwire - May 5, 2008) - Venterre, a joint venture between Canadian Hydro Developers, Inc. (TSX:KHD) ("Canadian Hydro") and TCI Renewables Limited ("TCI Renewables"), announced today that it has been awarded two, 20-year Electricity Supply Contracts (the "PPAs") from Hydro-Quebec Distribution ("HQD") for the supply of 116 MW from two wind projects. The power will come from the 66 MW New Richmond Wind Project ("New Richmond") and the 50 MW St. Valentin Wind Project ("St. Valentin").

Quest Announces First Quarter 2008 Earnings Release and Conference Call

Mon, 05 May 2008 12:35:00 EDT

OKLAHOMA CITY, OK--(Marketwire - May 5, 2008) - Quest Resource Corporation (NASDAQ: QRCP) and Quest Energy Partners, L.P. (NASDAQ: QELP) today announced that they will release first quarter 2008 earnings and host a conference call on Tuesday, May 13, 2008. Jerry D. Cash, Chairman and Chief Executive Officer, David C. Lawler, Chief Operating Officer, and David E. Grose, Chief Financial Officer will review results and be available for a question and answer session.

Ameriwest Energy Engages Petroleum Engineers Ryder Scott Company to Assess Reserves

Mon, 05 May 2008 09:00:00 EDT

CASPER, WY--(Marketwire - May 5, 2008) - Ameriwest Energy Corp. (OTCBB: AWEC) ("Ameriwest" or the "Company") wishes to announce that it has engaged Ryder Scott Company, L.P. ("Ryder Scott") as petroleum engineers in order to prepare oilfield reserve assessments on Ameriwest's behalf.

Ryder Scott will prepare estimates of remaining proved, probable and possible oil and gas reserves attributable to interests in the South Glenrock "C," Cole Creek and Burke Ranch fields which Ameriwest is evaluating for potential acquisition and which are all located in the state of Wyoming.

Corix Acquires the Barber Group of Companies

Mon, 05 May 2008 06:00:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - Corix announced today it has acquired the Barber Group of Companies (Barber Engineering and Controls Ltd., Barber Valve and Controls, BG Controls, and Besco Industrial Products). "This acquisition allows us to fulfill a key part of our corporate strategy," said Steve Little, Vice President and COO, Corix. "It has been part of our plan to establish a base in the oil, gas and industrial products sector and the Barber Group of Companies ("Barber") now gives us that platform."