International oil majors were burned but also warmed by low oil prices in Q2; and their new projects are moving forward The second quarter has been tough for international oil majors like ExxonMobil (ticker: XOM), Chevron (ticker: CVX) and Royal Dutch Shell (ticker: RDSA), but a silver lining of sorts did present itself. Across all three companies, the reason given
Fox News has announced the line-up for the prime-time Republican presidential debate this Thursday, and here’s who qualified: Real estate magnate Donald Trump; former Florida Gov. Jeb Bush; Wisconsin Gov. Scott Walker; former Arkansas Gov. Mike Huckabee; retired neurosurgeon Ben Carson; Texas Sen. Ted Cruz; Florida Sen. Marco Rubio; Kentucky Sen. Rand Paul; New Jersey Gov. Chris Christie; and Ohio
Long Run Exploration Ltd. Enters Into Agreement for $200 Million Private Placement Long Run Exploration Ltd. (“Long Run” or the “Company”) (LRE.TO) is pleased to announce that it has entered into an agreement for a private placement to Maple Marathon Investments Limited for gross proceeds of approximately $200 million. The proceeds from the private placement will be used for debt
Production Uplifts of 40% to 50% Whiting Petroleum (ticker: WLL), a Denver-based exploration and production company, set a personal record of 170,425 BOEPD (89% liquids) in its Q2’15 earnings release, issued on July 29, 2015. The volumes exceed the high end of guidance despite the sale of 8,300 BOEPD to date in 2015. Whiting generated $300 million in total proceeds from
Story by the Chicago Tribune The booze was flowing freely on a recent Friday at Gibsons Bar & Steakhouse in the Gold Coast neighborhood. Some who were sitting on the sidewalk patio or inside at the bar were unmistakably tourists, sandals dangling from tanned feet, shirts generously unbuttoned to sternums. But others were clearly on the clock, dressed in suits
70% of Algeria’s investment program over the next three years targeted at upstream activities Algeria’s national oil and gas company, Sonatrach, plans to spend $64 billion, or 70% of its total investment program from 2015 to 2018, in upstream activities to reverse the decline in crude oil and natural gas production in Algeria, according to a release from the Energy
Weaker dollar helps oil prices find $46 West Texas Intermediate prices gained 2.2%, or $1, Tuesday after loses Monday, rising to $46.17 per barrel on the New York Mercantile Exchange. The recovery was boosted by a weaker dollar, making oil more affordable to holders of other currencies. Brent crude prices rose 1.5%, or $0.73, to $50.25 per barrel on the
Bonterra Energy Corp. Confirms Cash Dividend for July 2015 Payable August 31, 2015 Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) announces that the July 2015 monthly cash dividend will be $0.15 per share and will be paid on August 31, 2015. The record date for the dividend is August 14, 2015 and the ex-dividend date is August 12, 2015. The dividend is
Holly Energy Partners, L.P. Reports Second Quarter Results Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (HEP) today reported financial results for the second quarter of 2015. For the quarter, distributable cash flow was $47.3 million, up $3.8 million, or 9% compared to the second quarter of 2014. HEP announced its 43rdconsecutive distribution increase on July 23, 2015, raising the
Story by Reuters Oklahoma regulators are imposing new restrictions on energy companies injecting wastewater underground, in the latest effort to stem a sharp increase in earthquakes. The new rules, announced by the Oklahoma Corporation Commission on Monday evening, require operators in parts of two Oklahoma counties to reduce the amount of saltwater they inject underground by 38 percent from current
VAALCO Energy, Inc. (NYSE: EGY) announced today that its Board of Directors has authorized the repurchase of up to 5.8 million shares of the Company’s common stock, which represents approximately 10% of the Company’s outstanding common stock, in open market transactions from time to time during the upcoming 18-month period and in accordance with the requirements of the Securities and
