From Bloomberg Iran will stop oil exports from the Strait of Hormuz, the world’s most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation, a Revolutionary Guards official said. “Any hostile attempt by the U.S. will be followed by an exorbitant cost for them,” said Esmail Kowsari, deputy commander of the Sarollah Revolutionary
Duke Energy increases quarterly dividend payment by 4.2 percent
Canaf announces B-BBEE Transaction for South African Subsidiary
From The Wall Street Journal Preparations for the public listing of Saudi Arabia’s state oil company, a centerpiece of the government’s plan to open its economy, have stalled, leaving government officials and people close to the process doubting that it will go forward at all. The initial public offering of Saudi Arabian Oil Co., better known as Aramco, was meant to be
Whiting Petroleum Corporation (NYSE: WLL) today announced that it has extended its offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered 6.625% Senior Notes due 2026 (the “Original Notes”) issued December 27, 2017, for new, registered 6.625% Senior Notes due 2026 (“New Notes”). The Exchange Offer, which was initially scheduled to expire on July 5, 2018 at 5:00
From Reuters China’s omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing’s desire to ensure supplies of gas as it pushes to switch millions of households and businesses away from using coal as
Duke Energy Indiana helps customers manage electricity costs as summer heat continues
From Reuters ConocoPhillips (COP.N) moved to bring Venezuelan PDVSA’s U.S. refining unit Citgo Petroleum into its legal battles to enforce a $2 billion arbitration award against the South American country’s nationalization of its Venezuelan assets. A U.S. district court judge in Houston on Thursday ruled Conoco can depose Citgo as preparation for a court case against PDVSA and others over
Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it is realigning executive job responsibilities to optimize the daily management of the company and better position the company for future growth. Mike Reger, Northern’s founder and current CEO, will now act as President, effective July 5, 2018, and will focus his extensive knowledge of the Williston Basin on acquisition
Duke Energy Florida helps customers manage electricity costs as summer heat continues
Duke Energy helps North Carolina customers manage electricity costs as summer heat continues
The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks rose by 78 Bcf last week, increasing to 2,152 Bcf from 2,074 Bcf. This is 25.0% below the 2,869 Bcf that was in storage at this point last year, and
