July 2015

*CORRECTION* Ring Energy, Inc. (NYSE MKT: REI) (“Ring”) (“Company”) earlier today released its operations update for the second quarter of 2015. In the release, the Company published internal engineering 3P (Proved Developed Producing, Proved developed Non-Producing, Proved Undeveloped) reserve estimates of 8.1 MMBOE, and an additional 10.95 MMBOE of Probable and Possible reserves, making a 5P total of 19.05 MMBOE.

Story by CNBC Mexico made headlines and earned praise from environmentalists this year when it pledged to cap and cut carbon emissions. Less discussed has been how Mexico may use U.S. natural gas to help it get there. Mexico has been slowly developing noncarbon emitting energy sources such as solar and wind power, but it’s also been aggressively investing in

Royal Dutch Shell plc (“Shell”) (NYSE:RDS.A) (NYSE:RDS.B) today announced that its recommended combination with BG Group plc (“BG”) has received unconditional merger clearance from the Brazilian competition authority (CADE), satisfying the first of the pre-conditions to the combination. Other pre-conditions include merger clearances in Australia, China and Europe. Commenting on CADE clearance Shell CEO, Ben van Beurden, said: “The addition

Story by Agence France-Presse Japanese automaker Mitsubishi said Friday it would stop making vehicles in the United States and is looking to sell its underused Illinois plant. “Following a review of Mitsubishi Motor Corporation’s global supply chain, we have been informed it is necessary to end production and seek a strategic buyer for the Normal plant,” Mitsubishi Motors North America

Story by the Chicago Tribune American Airlines said Friday that its second-quarter profit nearly doubled to $1.7 billion on sharply cheaper jet fuel. The world’s biggest airline said it was its most profitable quarter ever, after excluding one-time costs and gains. American’s fuel bill dropped by more than $1 billion — a 37 percent savings — compared with the same

EPD Release Enterprise Products Partners L.P. (EPD) today announced it has closed on the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy L.P. (“Genesis”) for approximately $1.5 billion in cash. “We are pleased to complete this transaction with Genesis,” said Michael A. Creel, chief executive officer of Enterprise’s general partner. “The proceeds from this

Story by Fortune TOTE’s container ships will be the first of a wave to run on cleaner fuel. The North American ocean carrier TOTE is deploying the world’s first container ships fueled by liquefied natural gas (LNG). The move anticipates imminent environmental regulations that are likely to trigger large shifts in the maritime shipping industry. TOTE is making the move