Petróleo Brasileiro S.A. – Petrobras announces that oil production at fields operated by the Company in the province of the “pre-salt” in Santos and Campos basins reached 800 thousand barrels of oil per day (bdp) on April 11th, 2015, setting a new record on daily production. Such volume, approximately 74% (590 thousand bpd), represents the Company’s share and the remaining
Arc Logistics Partners LP’s Joint Venture Company Completes Its Acquisition of Joliet Bulk, Barge & Rail LLC Arc Logistics Partners LP (ARCX) (“Arc Logistics” or the “Partnership”), through a joint venture arrangement with GE Energy Financial Services, a unit of General Electric Company (GE), has completed its acquisition of all of the membership interests of Joliet Bulk, Barge & Rail
Story by The Wall Street Journal The benchmark natural-gas price soared to a nearly four-month high, bolstered by rising demand from power generators that are pivoting away from coal. This year, utilities will retire 4.3% of the nation’s coal-fired electricity-generation capacity that is either outdated or unable to meet new environmental regulations, according to the U.S. Energy Information Administration. As
Teekay LNG Partners Reports First Quarter 2015 Results Highlights Generated distributable cash flow of $66.2 million in the first quarter of 2015, up 10 percent from the same period of the previous year. In February 2015, ordered one LNG carrier newbuilding and received options to order up to four additional LNG carriers. In January 2015, the Exmar LPG joint venture
Spectra Energy Selects 2015 Scholarship Recipients Spectra Energy Corp (SE) today announced that 10 children of company employees have been selected to receive up to $5,000 per year in scholarship funds toward undergraduate study at an accredited college or university in the U.S. or Canada. “Spectra Energy is proud to continue our tradition of offering a scholarship program for the
Genesis Energy, L.P. Prices Offering of Senior Notes Genesis Energy, L.P. (GEL) announced today that it has priced at par a public offering of $400,000,000 in aggregate principal amount of 6% senior unsecured notes due 2023. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our
Story by Reuters Royal Dutch Shell Plc <RDSa.L> will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc <BG.L>, Marvin Odum, director of Shell’s Americas exploration and production business, said in an interview Wednesday. Shell has said its cash reserves are limited after the $70
Story by Reuters Vedanta Resources Plc <VED.L> posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion (£2.85 billion) writedown related to its Indian oil and gas business. The company’s London-listed shares fell as much as 4 percent early on Thursday before recovering to 660 pence, unchanged from the previous day’s close. Best known as
Columbia Pipeline Partners LP (CPPL) (“CPPL”), a NiSource Inc. (NI) company, today provided its average distribution growth outlook through 2020. Subject to the key assumptions described below, CPPL expects to offer unitholders an average annual distribution growth rate of approximately 20 percent. “With approximately $8 billion in capital being deployed over the next several years at Columbia Pipeline Group, we
Environmental concerns in Canada prompt First Nations to turn down $1 billion offer A First Nations group in British Columbia has unanimously voted against allowing a liquefied natural gas ship terminal near the community. The terminal would be part of a larger overall pipeline and gas project led by Pacific NorthWest LNG that the group values at $36 billion. Pacific
Gevo, Inc. (GEVO), a leading renewable chemicals and next-generation biofuels company, announced today that it has priced its underwritten public offering of common stock units. Gevo announced that it has agreed to sell 4,300,000 common stock units. Each common stock unit consists of one share of common stock and one-tenth of a Series C warrant to purchase one share of
Shale gas is making U.S. plastic manufacturing competitive globally The shale gas revolution is bringing plastic manufacturing back to the United States and making U.S. refiners more competitive globally, reports the American Chemistry Council (ACC). Due largely to plentiful and affordable natural gas and natural gas liquids from shale formations, U.S. jobs related to plastics manufacturing are expected to grow
