Archive for June, 2015

Cheniere Energy Increases Scope:  Will Export Crude Oil Condensate as well as LNG

Cheniere Energy Increases Scope: Will Export Crude Oil Condensate as well as LNG

– Building $550 Million Condensate Storage and Marine Terminal

– Cheniere Partners Taking on $5.8 Billion Debt to Build Train 5 at Sabine Pass LNG Export Facility

Cheniere Energy (ticker: LNG) is moving forward now on several energy export fronts.…

June 30, 2015 - 7:00 pm LNG, Oil and Gas 360 Articles
Wyoming Judge Temporarily Halts New BLM Regulations in Four States

Wyoming Judge Temporarily Halts New BLM Regulations in Four States

BLM head Sally Jewell says old regulations were behind the times

U.S. District Judge Scott Skavdahl of Wyoming granted a request by Colorado, North Dakota, Utah and Wyoming to temporarily delay new Bureau of Land Management (BLM) regulations today

while …

Crescent Point Energy & Legacy Oil + Gas Inc. Announce Closing of Legacy Oil + Gas Acquisition

Crescent Point Energy & Legacy Oil + Gas Inc. Announce Closing of Legacy Oil + Gas Acquisition

Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (CPG.TO)(CPG.TO) and Legacy Oil + Gas Inc. (“Legacy”) (LEG.TO) are pleased to announce today that Crescent Point has completed the acquisition of all of the …

June 30, 2015 - 6:52 pm Energy News

U.S. and Cuba to announce embassy openings

Story by CNN

The United States and Cuba on Wednesday plan to officially seal the renewal of diplomatic ties begun last year, announcing the reopening of embassies in Washington and Havana for the first time in more than half-a-century, two

June 30, 2015 - 6:49 pm Energy News
Argentina-Great Britain Dispute Reaches Oil and Gas Sector

Argentina-Great Britain Dispute Reaches Oil and Gas Sector

Britain Condemns Argentina’s Claim of Sovereignty

Argentina and Great Britain are at odds, and offshore hydrocarbon development is getting swept up in the disagreement.

On Saturday, an Argentinian federal judge ordered the seizure of the equipment and bank accounts of …

June 30, 2015 - 6:37 pm International, Offshore, Oil and Gas 360 Articles
Cenovus Sells Oil and Gas Royalty Unit for $3.3 Billion

Cenovus Sells Oil and Gas Royalty Unit for $3.3 Billion

In an effort to strengthen its balance sheet, Cenovus (ticker: CVE) has sold its royalty unit to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. The unit, named Heritage Royalty Limited Partnership (HRP), is a …

Gastar Exploration’s Second Utica Well Returns 36.8 MMcf/d

Gastar Exploration’s Second Utica Well Returns 36.8 MMcf/d

High Rates Continue from the Dry Gas Window

On June 30, 2015, Gastar Exploration (ticker: GST) reported its Blake U-7H well located in the dry gas Utica Shale region of Marshall County, West Virginia, produced at a peak 48-hour gross …

After Seven Years of Study, New York Formally Bans Hydraulic Fracturing

After Seven Years of Study, New York Formally Bans Hydraulic Fracturing

The decision follows the release of the DEC’s 1,448-page report on hydraulic fracturing

New York Department of Environmental Conservation (DEC) Commissioner Joe Martens announced today that hydraulic fracturing would be formally banned in the state of New York.

The announcement …

Russia to Finance a $2 Billion LNG Pipeline in Pakistan

Russia to Finance a $2 Billion LNG Pipeline in Pakistan

New pipeline represents the first infrastructure deal between the two countries since the 1970s

Pakistan is expected to sign an agreement with Russia for the construction of a 1,100 km (about 684 mile) liquefied natural gas (LNG) pipeline from Karachi …

June 30, 2015 - 1:42 pm International, LNG, Midstream, Oil and Gas 360 Articles
Siemens Gets Greenlight on $7.8 Billion Buyout of Dresser-Rand

Siemens Gets Greenlight on $7.8 Billion Buyout of Dresser-Rand

After four months, E.U. antitrust regulators approve Siemens deal for oil & gas compression equipment manufacturer

E.U. antitrust regulators unconditionally approved Siemens’ (ticker: SIE) acquisition of Houston-based Dresser-Rand (ticker: DRC) for total consideration of $7.8 billion, according to a press

Cenovus Sells Royalty Unit for $3.3 Billion

Cenovus Energy Inc. (CVE) (CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. HRP holds approximately …

June 30, 2015 - 10:33 am Energy News

Teekay Offshore to Complete Accretive Acquisition of Knarr FPSO and Equity Financing; Arendal Spirit UMS Commences Charter Contract

Teekay Offshore Partners L.P. (Teekay Offshore orthe Partnership) (TOO) today announced that it will complete the acquisition of the Petrojarl Knarr(Knarr) floating production, storage and offloading (FPSO) unit from Teekay …

June 30, 2015 - 10:25 am Energy News
VAALCO Energy Appoints Chief Operating Officer

VAALCO Energy Appoints Chief Operating Officer

VAALCO Energy, Inc. (EGY) today announced that Cary Bounds will join VAALCO as Chief Operating Officer effective July 6, 2015.

Mr. Bounds is a petroleum engineer and has almost 25 years of domestic and international asset management, business …

June 30, 2015 - 10:23 am Analytics, Energy News

VAALCO Energy Announces The Appointment Of Cary Bounds As Chief Operating Officer

VAALCO Energy Announces The Appointment Of Cary Bounds As Chief Operating Officer

June 30, 2015 - 8:30 am 360 Company Releases
Petrobras Cuts 2020 Production Estimates by 30% in Latest Business Plan

Petrobras Cuts 2020 Production Estimates by 30% in Latest Business Plan

Volumes Revised Downward to 3.7 MMBOEPD from 5.3 MMBOEPD

Petrobras (ticker: PBR) has made all the headlines for all of the wrong reasons in the last several months, and the company is taking initiatives to shed its image as the …

DCP Midstream Increasing Presence in the DJ Basin

DCP Midstream Increasing Presence in the DJ Basin

DCP Midstream Partners’ Lucerne 2 Plant Now Serving the DJ Basin

Today, DCP Midstream Partners, LP (DPM), or the Partnership, announced its new 200 million cubic feet per day (MMcf/d) Lucerne 2 natural gas processing plant is now …

June 29, 2015 - 6:42 pm MLPs
Magellan Midstream and LBC Tank Terminals For Huston JV

Magellan Midstream and LBC Tank Terminals For Huston JV

Magellan Midstream and LBC Tank Terminals Form 50/50 Joint Venture to Build Terminal and Pipeline Infrastructure on the Houston Gulf Coast

Magellan Midstream Partners, L.P. (MMP) (“Magellan”) and LBC Tank Terminals, LLC (“LBC”) announced today that they have …

June 29, 2015 - 6:39 pm Midstream, MLPs
Brent Crude Hits 11-Week Low, Stock Markets Slip on Greece Debt Crisis

Brent Crude Hits 11-Week Low, Stock Markets Slip on Greece Debt Crisis

Greece’s payment due tomorrow, commodities and markets fall by roughly 2%

Greece is careening closer to default, and the world markets are taking cover.

Brent closed at $61.87 on June 29, 2015, reaching an 11-week low, while West Texas Intermediate …

June 29, 2015 - 6:25 pm Finance, International, Oil and Gas 360 Articles

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at the Oil & Gas Confernce(R) 20; Conference Dates Are August 16-20, 2015

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at the Oil & Gas Confernce(R) 20; Conference Dates Are August 16-20, 2015

June 29, 2015 - 6:14 pm 360 Company Releases
Source: theiet.org

PRIX Index Drops to 55

OPEC member exports expected to rise the most from political developments in Q3

The PRIX index, which forecasts the effects of political developments on oil exports, fell one point to 55 for the third quarter of 2015. The index works …

June 29, 2015 - 6:11 pm International, Oil and Gas 360 Articles, OPEC
WPX Energy Boosts Williston Basin Type Curve to 750 MBOE

WPX Energy Boosts Williston Basin Type Curve to 750 MBOE

EUR Increase of 25%

WPX Energy (ticker: WPX), a Tulsa-based exploration and production company with focus areas in the Piceance, San Juan and Williston basins, is preparing to ramp up activity in the second half of 2015. The company announced …

BP, Anadarko Could Pay Up to $4,300 per Barrel for GOM Spill

BP, Anadarko Could Pay Up to $4,300 per Barrel for GOM Spill

The Supreme Court has decided not to hear the case for BP and Anadarko, upholding lower court’s liability decision

Appeals by BP (ticker: BP) and Anadarko Petroleum (ticker: APC) will not be heard by the Supreme Court, meaning the decision …

Whiting Petroleum Corp. (WLL) is Trading Lower on Unusual Volume for June 29

Whiting Petroleum Corp. (WLL) is Trading Lower on Unusual Volume for June 29

June 29, 2015 - 5:32 pm 360 Company Releases
Petrobras Announces 2015 – 2019 Business and Management Plan

Petrobras Announces 2015 – 2019 Business and Management Plan

Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has approved, on June 26th, 2015, the 2015–2019 Business and Management Plan. The Plan has as its fundamental objectives to delever the Company and to generate value for its

June 29, 2015 - 3:54 pm Energy News
Supreme Court Strikes Down Annual Spending of $10 Billion for EPA Regulations

Supreme Court Strikes Down Annual Spending of $10 Billion for EPA Regulations

The Supreme Court decides the $4-$6 million in benefits do not outweigh the $9.6 billion annual costs of new regulations

The Supreme Court decided today in a 5-to-4 decision that the Environmental Protection Agency’s (EPA) proposed regulations regarding limits on …

TransCanada, First Nations Sign Agreements for $4.8 Billion Pipeline that will Transport 2-3 Bcf/day of NatGas to LNG Canada

TransCanada, First Nations Sign Agreements for $4.8 Billion Pipeline that will Transport 2-3 Bcf/day of NatGas to LNG Canada

An estimated 32% of the $4.8 billion capital project will be spent locally in B.C. on the Coastal GasLink pipeline, with over 2,000 jobs expected to be created during construction and approximately $20 million in annual property tax payments.

TransCanada …

June 29, 2015 - 12:19 pm Canada, LNG, Midstream, Oil and Gas 360 Articles, Popular

Hyundai snags NFL sponsorship, replacing GM

Story by Automotive News

A year ago, Hyundai Motor Co. sponsored the 2014 FIFA World Cup with the motto “Because Fútbol.” Now, the Korean automaker is going after a different type of football fan as the automotive sponsor of the …

June 29, 2015 - 12:19 pm Energy News

InvestorsGuru.com 7 Filtered Mid-Day Market Movers Recap

InvestorsGuru.com 7 Filtered Mid-Day Market Movers Recap

June 27, 2015 - 1:41 pm 360 Company Releases
Plains All American Pipeline Announces Open Season for Cushing to Longview Pipeline

Plains All American Pipeline Announces Open Season for Cushing to Longview Pipeline

New pipeline expected to have initial capacity of 120 MBOP

Plains All American Pipeline (ticker: PAA) announced that it is conducting an open season for committed capacity on a proposed new crude oil pipeline from Cushing, Oklahoma to Longview, Texas, …

June 26, 2015 - 6:10 pm Midstream, MLPs, Oil and Gas 360 Articles
Total Rig Count Breaks 28-Week Long Decline

Total Rig Count Breaks 28-Week Long Decline

Oil rig counts down for 29th consecutive week

The total number of rigs drilling for oil and gas in the United States rose for the first time in 28 weeks, according to the Baker Hughes (ticker: BHI) rig count