Cardinal Energy selling Ohio and California holdings to focus on Texas

A Dublin-based oil and gas producer is selling all of its Ohio and California assets so it can focus exclusively on Texas.
Cardinal Energy Group Inc. (OTCQB: CEGX) said Thursday it sold its assets to Columbus-based California Hydrocarbons Corp. for 3 million shares of the company’s stock valued at $2 million.
Since [...]

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Would ending Export-Import Bank put ideology ahead of business needs?

As the U.S. Export-Import Bank prepares to fight for its life in Congress, the head of the export financing agency accused its critics of putting ideology ahead of the interests of American businesses.
“There’s a vocal minority out there who can’t stomach the thought that the government might have a role [...]

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Power outage to extend into afternoon, JEA says

JEA is hoping to have electric power restored sometime Thursday afternoon to 100 businesses on Riverside Avenue and east into portions of Downtown, a spokeswoman said.
“We were hoping to have power back on earlier, but one of the circuits we were putting in kept tripping,” said Gerri Boyce, the spokeswoman at Jacksonville’s [...]

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Nucor earnings up 31%, still miss expectations

Nucor (NYSE:NUE)reports net income of $111 million, or 35 cents per share, on revenue totaling $5.1 billion in the first quarter.
That’s up 30.9 percent over the $84.8 million, or 26 cents per share, on revenue of $4.2 billion reported in the quarter a year ago. But it came in lower [...]

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Warren Buffett on moving oil by rail, why it’s ‘un-American’ to vote no to Coca-Cola and how CEOs are terrified of activist investors

Financial Post : CA : The Sage of Omaha meets the press and shares his wisdom on everything from safety concerns about oil transport to why he’s not bailing on IBM — yet

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Gaston County restaurant owner faces drug charges

WRAL.com : US : Police in Gaston County say a barbecue restaurant was selling more than barbecue to some customers.

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McConnell’s Senate Opponent Calls on Obama to Approve Keystone Pipeline

Newsmax : US : Democratic U.S. Senate candidate Alison Lundergan Grimes called on President Barack Obama to approve the Keystone XL oil pipeline, joining 11 other incumbent Democrats as the party tries to keep control of the Senate this November.Grimes’ …

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Done deal: Argentina’s Congress approves $5 billion payoff to Spain’s Repsol for YPF takeover

FOX News : US : Argentina is hoping to have an easier time attracting international investors to exploit its oil and gas fields now that its Congress has approved a $5 billion payoff to Spain’s Grupo Repsol for the controlling stake in the YPF oil company …

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Nigeria’s Forcados oil export terminal still closed; oil theft at 300,000 barrels per day

FOX News : US : Shell Nigeria says its Forcados oil export terminal remains closed, seven weeks after it was shut down to repair a sabotaged undersea pipeline.

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Wyoming explosion: Natural gas purification plant rocked

Christian Science Monitor : US : Wyoming explosion: The town of Opal, Wyoming was evacuated, but no injuries were reported in an explosion at a facility that removes impurities from natural gas and serves large numbers of customers in the West.

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Futures Movers: Oil up as Ukraine fears outweigh rise in stockpiles

Marketwatch : US : Oil futures trade higher, as continued tensions in Ukraine outweigh increased stockpiles.

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Bangladesh: Who killed 1,135 garment workers?

Workers World : US : April 24 is the first anniversary of the horrific Rana Plaza building collapse in Dakar, Bangladesh, when at least 1,135 garment workers died, mostly young women. Thousands more were injured. This terrible tragedy focused world attention on the …

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Chemical weapons watchdog weighs chlorine attack probe – sources

Yahoo! News : US : By Anthony Deutsch AMSTERDAM – The head of the global chemical weapons watchdog overseeing the destruction of Syria’s toxic stockpile is considering launching a fact-finding mission there to investigate reports of attacks with chlorine gas, …

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Exillon Looks for New Independent Directors

Rigzone.com : US : Exillon Energy appoints an international recruitment agency to assist it in its search for new independent, non-executive directors.

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Leni Reports Rig Arrival at Goudron Field

Rigzone.com : US : Leni Gas & Oil reports that Well Services Rig 20 has arrived at the Goudron Field, onshore Trinidad, where it will drill the field’s first well since 1981.

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