Archive for March, 2015

ConocoPhillips looks to Divest 20% of its Canadian Assets

ConocoPhillips looks to Divest 20% of its Canadian Assets

The U.S. oil major has retained Scotiabank to help sell assets in Western Canada

ConocoPhillips (ticker: COP) hired the Bank of Nova Scotia (Scotiabank) to advise on the sale of about 20% of its production in Western Canada outside of …

March 30, 2015 - 4:48 pm Canada, International, Oil and Gas 360 Articles

VAALCO Energy Provides Update On Operations Offshore Angola

VAALCO Energy Provides Update On Operations Offshore Angola

March 30, 2015 - 4:20 pm 360 Company Releases

ConocoPhillips puts some Western Canada assets up for sale

Story by Reuters

ConocoPhillips said on Friday it is looking to sell about 20 percent of its production in Western Canada, outside the oil sands, as tumbling oil prices have made operations in the country less profitable.

ConocoPhillips, which operates …

March 30, 2015 - 11:50 am Energy News
Resolute Energy Corporation Announces Agreement for Sale of Non-Core Assets and Changes to Board of Directors

Resolute Energy Corporation Announces Agreement for Sale of Non-Core Assets and Changes to Board of Directors

Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) announced today that it has entered into a definitive agreement to sell certain non-core assets in the Midland Basin portion of the Permian Basin in west Texas. The properties will be …

March 30, 2015 - 11:09 am Analytics, Energy News

Samson Oil & Gas Announces Effectiveness of Change to Ratio of American Depositary Shares to Ordinary Shares

As previously announced by Samson Oil & Gas Limited (NYSE MKT: SSN) on March 19th, a change in the number of its ordinary shares represented by American Depositary Shares, from 20 ordinary shares per ADS to 200 ordinary …

March 30, 2015 - 11:07 am Energy News

Whiting Petroleum Corporation Announces Completion of Offering of Convertible Senior Notes Due 2020 and Senior Notes Due 2023

Whiting Petroleum Corporation (WLL) today announced that it completed its previously announced private unregistered offerings of $1.25 billion aggregate principal amount of 1.25% convertible senior notes due 2020 (the “convertible notes”) and $750 million aggregate principal amount of 6.25% senior …

March 30, 2015 - 11:06 am Energy News

Resolute Energy Corporation Announces Agreement for Sale of Non-Core Assets and Changes to Board of Directors

Resolute Energy Corporation Announces Agreement for Sale of Non-Core Assets and Changes to Board of Directors

March 30, 2015 - 8:00 am 360 Company Releases

Elsevier Introduces Nine New Life Sciences Books at Experimental Biology 2015 Conference in Boston

Elsevier Introduces Nine New Life Sciences Books at Experimental Biology 2015 Conference in Boston

March 30, 2015 - 4:00 am 360 Company Releases

Samson Oil & Gas Announces Effectiveness of Change to Ratio of American Depositary Shares to Ordinary Shares

Samson Oil & Gas Announces Effectiveness of Change to Ratio of American Depositary Shares to Ordinary Shares

March 29, 2015 - 8:00 pm 360 Company Releases

Whiting Petroleum Corporation Announces Completion of Offering of Convertible Senior Notes Due 2020 and Senior Notes Due 2023

Whiting Petroleum Corporation Announces Completion of Offering of Convertible Senior Notes Due 2020 and Senior Notes Due 2023

March 27, 2015 - 8:17 pm 360 Company Releases

Whiting Petroleum Corporation Announces Completion of Offering of Common Stock

Whiting Petroleum Corporation Announces Completion of Offering of Common Stock

March 27, 2015 - 8:10 pm 360 Company Releases
Senate Democrats Call on White House to Fix “Outdated” Rail Cars

Senate Democrats Call on White House to Fix “Outdated” Rail Cars

H.R. 1679, addressing “the safe transportation of Bakken crude oil by rail,” was introduced to the United States Senate on March 26, 2015, one day after a the S.859 bill was issued regarding oil volatility and increased railroad transportation safety. …

March 27, 2015 - 7:12 pm Oil and Gas 360 Articles, Oilfield Services, Regulatory
Sunoco Announces Pricing of Private Offering

Sunoco Announces Pricing of Private Offering

Sunoco LP Announces Pricing of Private Offering of Senior Notes Due 2023

HOUSTON, March 27, 2015 /PRNewswire/ — Sunoco LP (SUN) (“Sunoco”) today announced that it has priced at par a private offering of $800 million in aggregate …

March 27, 2015 - 7:07 pm MLPs
Source: The Society of Petroleum Engineers

Pemex Lands First Major Investment with Black Rock, First Reserve

Energy Reform is Underway

Petroleos Mexicanos (Pemex) has reached a $900 million deal with BlackRock and First Reserve, its first major investment since the country ended its 76-year resource nationalization, the companies announced on March 27, 2015. BlackRock and First …

March 27, 2015 - 7:06 pm International, Midstream, Oil and Gas 360 Articles
Tesoro Begins Restart of Martinez Refinery, Updates Guidance

Tesoro Begins Restart of Martinez Refinery, Updates Guidance

Tesoro Corporation Begins Restart of Martinez Refinery and Updates First Quarter Guidance

SAN ANTONIO – March 27, 2015 – Tesoro Corporation (TSO) today announced that the Martinez, California refinery has begun the restart process.

“We are pleased to …

March 27, 2015 - 7:03 pm MLPs
Rig Counts in North Dakota Fall Below 100

Rig Counts in North Dakota Fall Below 100

The rig count for the week ended March 27, 2015, shows rigs declining at a slower rate

The total number of active rigs drilling for oil and gas in the United States fell again this week to 1,048 from 1,069, …

DIVERGENT Energy Services Corp.: Release of Year End Results

DIVERGENT Energy Services Corp.: Release of Year End Results

March 27, 2015 - 5:28 pm Uncategorized

Ruling Confirms That Commissioner Can Pursue Case Against Direct Energy

Ruling Confirms That Commissioner Can Pursue Case Against Direct Energy

March 27, 2015 - 5:13 pm Uncategorized
Power of Siberia

Power of Siberia May be Put on Hold

Russia’s major pipeline to China may be put on hold

State-owned oil major Gazprom (ticker: OGZPY) may put its Power of Siberia gas pipeline project on hold, according to sources close to the company. The project may be put off …

March 27, 2015 - 5:09 pm International, Midstream, Oil and Gas 360 Articles
Chevron Moves Forward on Divesture Goal, Exits Australia Shareholding Venture

Chevron Moves Forward on Divesture Goal, Exits Australia Shareholding Venture

Chevron Corporation (ticker: CVX), the world’s third largest E&P by market capitalization, is selling its 50% shareholding in Caltex Australia Limited. The deal is reportedly worth about US$3.6 billion, according to the Sydney Morning Times Herald, and is the biggest …

Chart of the Week: Rig Counts and Commodity Prices

Chart of the Week: Rig Counts and Commodity Prices

COtW Oil Rigs and Prices

COtW Gas Rig Counts and Prices

In this week’s Oil & Gas 360®’s chart of the week, we compare the number of oil and gas rigs during the 2008 economic downturn and today’s low commodity environment. The price used for WTI is the annual average of …

Board Approves ISO Strategic Vision for Increasing Renewables

Board Approves ISO Strategic Vision for Increasing Renewables

March 27, 2015 - 4:40 pm Uncategorized

RagingWire’s Ashburn, Virginia and Sacramento, California Data Centers Earn EPA ENERGY STAR for Superior Energy Efficiency

RagingWire’s Ashburn, Virginia and Sacramento, California Data Centers Earn EPA ENERGY STAR for Superior Energy Efficiency

March 27, 2015 - 4:32 pm Uncategorized

Harvest Natural Resources Schedules Earnings Release And Conference Call

Harvest Natural Resources Schedules Earnings Release And Conference Call

March 27, 2015 - 4:06 pm Uncategorized

Russia sets terms for $1.7 billion Schlumberger-Eurasia deal

Story by Bloomberg

Schlumberger Ltd. must satisfy a list of conditions, in part linked to sanctions, to gain approval for its $1.7 billion bid to buy Russia’s largest oil driller.

Russia’s commission on foreign investment will meet the U.S. oil-services …

March 27, 2015 - 11:45 am Energy News

Spark Energy, Inc. Reports Full Year and Fourth Quarter 2014 Financial Results, Provides 2015 Update

Spark Energy, Inc. (SPKE), a Delaware corporation (“Spark”), today reported financial results for the year ended December 31, 2014.

For 2014, Adjusted EBITDA was $11.3 million and Retail Gross Margin was $76.9 million on revenue of $322.9 million, …

March 27, 2015 - 11:44 am Energy News
China’s Strategic Reserves Near Capacity

China’s Strategic Reserves Near Capacity

China has been stockpiling cheap oil, but may be running out of room

China’s commercial and strategic oil storage is almost full, a Sinopec (ticker: SNP) trading executive said. The executive asked not to be named despite speaking to reporters …

March 27, 2015 - 11:41 am International, Oil and Gas 360 Articles
Whiting Petroleum – Done Funded, Drilling Ahead

Whiting Petroleum – Done Funded, Drilling Ahead

Whiting Petroleum (ticker: WLL), the largest E&P producer in the Williston Basin, shored up its balance sheet this week with a series of debt and equity raises. The deals include:

OPEC: Too Close to Call - Oil & Gas 360

OPEC Update: Saudi Strikes Yemen Rebels, Oil Major Fined for Circumventing Sanctions

Conflict near Sea Trade Chokepoint, Schlumberger Fined $232 Million

Prices of West Texas Intermediate (WTI) climbed above $50 for the first time in two weeks after multiple outlets reported conflict in the Middle East. Saudi Arabia has engaged in airstrikes …

March 27, 2015 - 11:29 am International, Oil and Gas 360 Articles, OPEC
Maryland House Votes in Favor of Fracing Moratorium

Maryland House Votes in Favor of Fracing Moratorium

Both the Maryland House and Senate pass bills restricting hydraulic fracturing

Both chambers of the Maryland General Assembly passed separate bills Tuesday aimed at curbing hydraulic fracturing in the state. The measures are the most aggressive action the legislature has …

March 27, 2015 - 11:28 am Fracing, Oil and Gas 360 Articles, Regulatory