Oil Company News Directory

Enbridge to pay $4 million over Kalamazoo oil spill

Mining.com reported that Enbridge (TSX:ENB) will pay about US$4 million for the completion of natural resource restoration projects as part of a settlement by the U.S Department of Justice over the 2010 Kalamazoo oil spill in Michigan.

Simba Energy Signs Agreement with Essel Group to Invest in its African Oil and Gas Projects

Simba Energy Inc. (TSXV:SMB) announced that it has entered an agreement with Essel Group Middle East, a subsidiary of Essel Group India that will see Essel Group earn 60 percent participating interest in Simba's production share contracts in Kenya, Chad and Guinea. As part of the agreement Simba will be carried on all future exploration costs.

Franco-Nevada Reports First Quarter 2015 Results, Increases Quarterly Dividend

Franco-Nevada Corporation (TSX:FNV,NYSE:FNV) announced its financial results for the 2015 first quarter, which showed a net income of $19.2 million or $0.12 per share, an adjusted net income of $22.9 million or $0.15 per share with adjusted EBITDA of $83.3 million or $0.53 per share. The board also announced a quarterly dividend of $0.21 per share, a 0.5 percent increase from the last quarterly dividend.