From the Chicago Tribune Chicago startup AmpCNG launched at a farm in northwest Indiana that converted cow manure to renewable natural gas. Nearly five years later, that manure from Fair Oaks Farm is still a core part of the West Loop-based startup’s business. But its reach has grown. It now owns and operates 19 compressed natural gas, or CNG, stations in eight states,
From Jerusalem Post The National Energy and Water Ministry said on Wednesday said that the European Union is interested in receiving natural gas from Israel. According to a statement issued by the ministry, National Infrastructure, Energy and Water Minister Yuval Steinitz met with EU Ambassador to Israel Lars Faaborg-Andersen on Wednesday in order to “be updated on the time line
CALGARY, ALBERTA–(Marketwired – March 18, 2016) – Terra Energy Corp. (TSX:TT) (“Terra” or the “Company“) announces that its lender, Canadian Western Bank (“CWB“), has made demand upon Terra, as debtor, and Terra Energy Partnership, Terra’s wholly-owned subsidiaries, Constar Resources Ltd., Noram Energy Worx Inc. and 1289710 Alberta Ltd., as guarantors, (collectively, the “Guarantors“) for payment in full of Terra’s outstanding
EnerCom’s San Francisco Conference Wrap-Up – Part II We have a new strategic petroleum reserve sitting under us EnerCom presented the 14th edition of The Oil & Services Conference™ in San Francisco last week. The conference delivered the current thinking of c-suite E&P and energy technology executives along with well-known industry and financial experts. The conference took the March 2016 pulse of
On March 16, 2015, Southwestern Energy (ticker: SWN) announced a quarterly dividend payment on the company’s 6.25% Series B Mandatory Convertible Preferred Stock. Southwestern has elected to make this payment in common shares as opposed to cash, or a “payment-in-kind” (PIK) dividend. Southwestern’s quarterly dividend amounts to $27.3 million that will be paid using up to 3.35 million shares of
15-country group represents 73% of global production Fifteen countries confirmed that they will participate in a meeting April 17, set to be held in Doha, Qatar, in order to discuss a production freeze. The group, made up of both OPEC and non-OPEC countries, will likely freeze production at January 2016 levels, according to Russian Energy Minister Alexander Novak, who has
Political instability in Kurdistan makes future uncertain In its fourth quarter results, Gulf Keystone Petroleum (ticker: GKP, GulfKeyston.com), which operates in Iraq’s northern Kurdish region, said it may not be able to make payments to bondholders. Political instability in the region, combined with lower oil prices has left it, along with other operators in the Kurdistan region, without a definite
Surge Energy (TSX: SGY) Reports Year-End Results 2015 HIGHLIGHTS Completed $465 million in accretive asset sales (at $90,000/boed in 1H/15), setting the stage for a “lower for longer” scenario for crude oil prices, via top tier balance sheet strength. Further delineation of the Upper Shaunavon field solidified years of visible drilling inventory. Realized a 30 percent annual reduction for drilling
The Energy and Power Subcommittee has unanimously approved a discussion draft of the Pipeline Safety Act of 2016 to the full committee for consideration. The committee is working to enact pipeline safety reform and the bill is in the mark-up phase. “I know the hard working folks that own and operate the millions of miles of pipelines that crisscross the
Hein & Associates provides an update on new FASB standard After years of review, the Financial Accounting Standards Board (FASB) issued a new standard that will require both public and private companies to show lease obligations on their balance sheet, according to Hein & Associates. As far back as 2005, financial regulators had pegged leases as an area for review,
From the News Miner JUNEAU — The new goal for Fairbanks’ first liquefied natural gas delivery through the Interior Energy Project is late 2017, with residential customers expected to start converting mostly in 2018. Earlier versions of the project had an estimated delivery date in 2015, but that slipped as costs came in higher than initial estimates and the project
From AP/Washington Post NORFOLK, Va. — A coalition of Hampton Roads state legislators is lining up behind the Atlantic Coast Pipeline. The 33 members of the General Assembly collectively known as the Hampton Roads Caucus expressed their backing for the massive natural gas project in a letter to Virginia’s U.S. senators, Democrats Mark Warner and Tim Kaine. The pipeline would
