Natural Gas Utilities

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China Oil and Gas Group Ltd announces acquisition of 100 pct. equity interest in n oil and gas producing company in Canada

Wednesday, 23 Jul 2014 06:33pm EDT

China Oil and Gas Group Ltd:Referred to the announcement of the company dated June 20, in relation to acquisition of 100 pct. equity interest in Baccalieu Energy Inc., the target company.Unless otherwise defined, capitalised term used in this announcement shall have same meanings as those defined in announcement.Says that all conditions precedent under arrangement agreement have been fulfilled and all related procedural registration matters have also been completed, and the target company has become an indirect wholly owned subsidiary of the company.

Atco Ltd forms strategic alliance with Wipro

Thursday, 17 Jul 2014 04:15pm EDT

Atco Ltd:Enters into strategic alliance with global information technology (IT) leader, Wipro Ltd.This alliance builds on ATCO's existing 5 year relationship with Wipro and will provide ATCO with IT solutions and support services globally for all of its companies.Wipro is global information technology, consulting and business process services company.ATCO and Wipro have agreed to enter into series of Master Services Agreements for a period of 10 years that will see Wipro provide the complete suite of IT services to ATCO.Transaction provides for continuity of employment for existing ATCO I-Tek personnel who will continue to support the IT needs of ATCO as employees of Wipro.Wipro has experience in delivering IT solutions across a variety of industries around the world and is well suited to meeting ATCO's global technology needs.Wipro will also acquire all shares of ATCO I-Tek, including current contracts and employees, as well as assets of ATCO I-Tek Australia as valuable resources to provide IT services ATCO requires and to serve as launching point for Wipro's expansion in Canada and Australia.ATCO I-Tek will continue to operate as subsidiary under Wipro.Sale is expected to close in third quarter of 2014.Aggregate proceeds from sale are expected to be about C$210 mln.

New Jersey Resources Corp raises FY 2014 earnings outlook; gives Q3, Q4 2014 earnings outlook

Wednesday, 16 Jul 2014 08:00am EDT

New Jersey Resources Corp:Increases FY 2014 net financial earnings (NFE) guidance to a range of $4.00 to $4.20 per basic share, from the previously announced range of $3.90 to $4.10 per basic share.Expects Q3 2014 NFE per share of between $0.05 and $0.15.Expects Q4 2014 NFE loss of between $0.50 and $0.60 per share.The forecasted loss in the Q4 is due to the seasonal nature of NJRES and NJNG's businesses and higher discretionary expenses, including the estimated impact of a voluntary early retirement program.FY 2014 EPS of $4.14 - Thomson Reuters I/B/E/S.


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