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2014-02-20 08:24:25

- 2013 cumulative cash dividends of $1.3 billion or $15 per share SUGAR LAND, Texas, Feb. 20, 2014 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI) today announced full year 2013 net income of $370.7 million, or $4.27 per diluted share, on net sales of $8,985.8 million, compared to net income for the full year 2012 of $378.6 million, or $4.33 per diluted share, on net sales of $8,567.3 million. Full year 2013 adjusted EBITDA was $659.7 million compared to full year 2012 adjusted...

2014-02-19 08:22:56

INDIANAPOLIS, Feb. 19, 2014 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," the "Company," "Calumet," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuel products, reported a net loss for the fourth quarter ended December 31, 2013 of $15.5 million, or $(0.27) per diluted unit, compared to net income of $45.7 million, or $0.73 per diluted unit for the same quarter in 2012. Fourth quarter 2013 results include $2.8...

Fish Exposed To Crude Oil Suffer Host Of Heart Ailments
2014-02-14 08:54:35

April Flowers for redOrbit.com - Your Universe Online A new study from Stanford University and the National Oceanic and Atmospheric Administration (NOAA) has revealed that crude oil interferes with fish heart cells, resulting in a slowed heart rate, reduced cardiac contractility and irregular heartbeats that can lead to cardiac arrest and sudden cardiac death. The study is part of an ongoing Natural Resource Damage Assessment of the April 2010 Deepwater Horizon oil spill. The findings...

2014-02-12 16:20:27

Letter to DOT Secretary Foxx Asks for Stronger Standards for New Crude Oil & Ethanol Tank Cars WASHINGTON, Feb. 12, 2014 /PRNewswire-USNewswire/ -- The Railway Supply Institute Committee on Tank Cars (RSICTC) has called on the U.S. Department of Transportation (DOT) to consider several new safety measures for tank cars carrying crude oil and ethanol. In a letter to DOT Secretary Anthony R. Foxx, RSICTC proposed additional safety requirements on newly manufactured railway tank cars, a...

2014-02-05 20:22:04

CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") released today its 2013 year-end reserves and resources information. "I am really pleased with our team's performance again this year. We added significant reserves at a low finding cost through the drill bit and continued to convert our large reserve and resource base into production and cash flow," stated Myron Stadnyk, President and CEO. HIGHLIGHTS -- Replaced approximately 200 per cent of...

2014-02-05 20:21:41

CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2013 operating and financial results. Fourth quarter production averaged 100,883 boe per day and funds from operations were $237.8 million ($0.76 per share). ARC's Audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for years ended December 31, 2013 and 2012, are available on ARC's website at...

2014-01-07 12:20:09

DALLAS, Jan. 7, 2014 /PRNewswire/ -- Murex LLC (Murex) and Cetane Energy LLC (Cetane) have completed a unit train expansion project of the existing Cetane crude oil transloading facility in Carlsbad, New Mexico. The completion of the capital improvement project now allows the Cetane facility to load unit trains of up to 120 rail cars of crude oil. Over the past year, Murex and Cetane have added 40,000 barrels of crude oil storage capacity, 12 tanker truck offload stations capable of...

2014-01-07 08:22:40

TSX, NYSE MKT: BXE CALGARY, Jan. 7, 2014 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it exited 2013 with record production and provides an update of its recent commodity price risk management activities. 2013 has been an extraordinary year earmarked by record production growth, announcing three separate joint ventures designed to accelerate our program on a promoted basis, an equity financing, redemption...

Algae To BioCrude In Less Than An Hour
2013-12-18 12:00:33

[ Watch The Video: Algae To Bio-Crude In Less Than 60 Minutes ] Brett Smith for redOrbit.com - Your Universe Online Biofuels scientists have been using algae to generate crude oil for years, but a novel process developed by the Pacific Northwest National Laboratory (PNNL) has the potential to reduce the costs associated with the process, which have been prohibitive thus far. "Cost is the big roadblock for algae-based fuel," said Douglas Elliott, the laboratory fellow who led the...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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