OPEC’s largest producer hit a 12-year production record last month Saudi Arabia increased oil production to 10.3 MMBOPD in March, setting a 12-year high for production in the country. Saudi Oil Minister Ali al-Naimi said the Kingdom will continue producing around 10 MMBOPD at a conference in Riyadh, reports Bloomberg. The March output is the highest since at least 2002,
Russia buys 49% stake in Vietnamese refinery Gazprom Neft (ticker: GZPFY), the oil arm of Russian state-owned Gazprom (ticker: OGZPY), and Vietnam Oil and Gas Group (PetroVietnam) have signed a series of agreements to strengthen ties between the oil and gas industries in the two nations. As part of the agreement, Gazprom Neft will acquire a 49% stake in the
Enterprise Declares Distribution; 43rd Consecutive Quarterly Distribution Increase Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.375 per common unit, or $1.50 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, May 7, 2015, to
American Eagle Energy Reports Results for Fourth Quarter 2014 and Provides Liquidity Update American Eagle Energy Corporation (NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces its financial results for the fourth quarter ended December 31, 2014 and provides an update on its current liquidity. The Company filed its Annual Report on Form 10-K with the U.S. Securities and Exchange
Atlas Resource Partners, L.P. Announces Pricing Of Class E Cumulative Redeemable Perpetual Preferred Units Atlas Resource Partners, L.P. (ARP) today announced the pricing of its public offering of 255,000 10.75% Class E Cumulative Redeemable Perpetual Preferred Units (“Class E Preferred Units”) at a price of $25.00 per unit. The underwriters have been granted a 30-day option to purchase up to
