Latest Magellan Navigation Stories
PORTLAND, Maine, Feb. 17, 2011 /PRNewswire/ -- Magellan Petroleum Corporation (the "Company") (Nasdaq: MPET) (ASX: MGN) reports that the Company and its strategic investor, Young Energy Prize, S.A. ("YEP"), executed an Investment Agreement on February 11, 2011. The Investment Agreement sets forth the material terms of YEP's commitment to fund approximately A$85.45 million to complete Magellan Petroleum Australia Limited's ("MPAL"), a wholly owned subsidiary of the Company, acquisition of...
SANTA CLARA, Calif., Feb. 14, 2011 /PRNewswire/ -- This Valentine's Day, consider putting some new "direction" in your romance - and giving yourself a little peace of mind - the Magellan Premium Car Kit will help your loved one navigate hands-free to that special destination for a quiet rendezvous together. The Magellan Premium Car Kit is compatible with the iPhone 3G, 3GS and 4 and the iPod Touch models 2G, 3G and 4G, providing drivers with an innovative, hands free vehicle mount...
TULSA, Okla., Feb. 14, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has acquired the remaining interest in a joint venture for the construction of 4.25 million barrels of crude oil storage in Cushing, Oklahoma from the private investors who had been partial owners. As a result, Magellan is increasing its 2011 expansion capital spending estimate to $215 million from its previous estimate of $170 million for the acquisition cost and the...
WINNIPEG, Feb. 7 /PRNewswire/ - Magellan Aerospace announced today an agreement with Hindustan Aeronautics Limited (HAL) in Bangalore, India for a new Wire Strike Protection System (WSPS(R)). The agreement includes the design and development of a WSPS for the HAL Advanced Light Helicopter (ALH), which will be carried out at Magellan's Bristol Aerospace division in Winnipeg in 2011. Bristol is the global expert for this unique system, offering a proven design and acknowledged...
TULSA, Okla., Feb. 1, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that due to inclement weather in the Midwest, the partnership will reschedule its previously announced analyst call to Thurs., Feb. 3. Management still plans to announce earnings for fourth quarter 2010 before the market opens on Wed., Feb. 2 but will host the related analyst call to discuss 2010 financial results and 2011 guidance at 1:30 p.m. Eastern on Thurs., Feb. 3. (Logo:...
PORTLAND, Maine, Feb. 1, 2011 /PRNewswire/ -- Magellan Petroleum Corporation (Nasdaq: MPET) (ASX: MGN) Magellan Petroleum Australia Ltd ("MPAL"), a wholly-owned subsidiary of Magellan Petroleum Corporation ("Magellan", "Company"), and Santos Offshore Pty Ltd ("Santos") have agreed to extend the closing date for the sale of Santos' 40% stake in the Evans Shoal gas field located offshore Northern Territory, Australia to MPAL. This extension will allow us to continue to work to obtain the...
TULSA, Okla., Jan. 27, 2011 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 75.75 cents per unit for the period Oct. 1 through Dec. 31, 2010. The fourth-quarter distribution is 2% higher than the third-quarter 2010 distribution of 74.5 cents per unit and represents a 7% increase over the fourth-quarter 2009 distribution of 71 cents. For the year, Magellan declared distributions of $2.955...
SALT LAKE CITY, Jan. 20, 2011 /PRNewswire/ -- Magellan, a pioneering GPS brand, today will showcase Magellan's outdoor GPS receivers at the 2011 Outdoor Retailer Winter show, Booth # 56034, featuring the Magellan eXplorist 310 GPS, a power-packed, waterproof, and rugged handheld GPS designed for essential outdoor navigation. (Photo: http://photos.prnewswire.com/prnh/20110120/SF32892) The newest addition to the eXplorist family of dedicated outdoor GPS devices, the eXplorist 310 provides...
SANTA CLARA, Calif., Jan. 5, 2011 /PRNewswire/ -- Magellan, a pioneering GPS brand, today announced new features being added to its successful RoadMate® product lineup of car Navigation units that will enhance driver safety and enable easier viewing. The new Magellan RoadMate 9055 GPS is a feature-rich navigation device designed for easy viewing that further expands Magellan's successful 7-inch car Navigation product line. The RoadMate 9055 is the first of a select group of Magellan GPS...
SANTA CLARA, Calif., Jan. 4, 2011 /PRNewswire/ -- Magellan, a pioneering GPS brand, today announced the introduction of the Magellan eXplorist 310 GPS receiver, a power-packed, waterproof, and rugged handheld GPS designed for essential outdoor navigation. The newest addition to the eXplorist family of dedicated outdoor GPS receivers, the eXplorist 310 provides outdoor enthusiasts with many of the features found in higher-end devices, including a premium world map and the ability to upload...
