Closing Bell Story‎ – Page 1655

Fossil Fuel v. Renewable Energy: Did Green Slip through the Door while North American Oil & Gas Companies were Busy Creating the Shale Boom?

November 23, 2015

Cultural Attitudes: 55 Years can make a World of Difference. So can 12. Remember the iconic 1960-era engineer? He wore a pocket protector in the shirt pocket of his short-sleeved white dress shirt. He usually had two or three ballpoint pens sticking up next to a small slide rule—he was the symbol of a culture that respected and emphasized things

Tesoro to acquire Flint Hills Resources’ marketing and logistics assets in Alaska

November 23, 2015

Tesoro Corporation (TSO), through its affiliate Tesoro Alaska Company LLC, has agreed to acquire Flint Hills Resources` (FHR) wholesale marketing and logistics assets in Anchorage and Fairbanks, Alaska. “This investment represents our commitment to efficiently and reliably serve customers in the state of Alaska,” said Greg Goff, Chairman, President and Chief Executive Officer of Tesoro Corporation. “We have been a

Petrobras Announces End of Oil Workers’ Strike

November 23, 2015

Petróleo Brasileiro S.A. – Petrobras informs that most unions have approved the end of the strike. The Company’s production is resuming normal levels. During the strike, production losses totaled 2.29 million barrels of oil and 48.4 million cubic meters of natural gas. Despite the impact on volume, Petrobras has confirmed it will maintain its 2015 production target of 2.125 million

Atlas Resource Partners Announces Amendment To Credit Facility And Borrowing Base Redetermination

November 23, 2015

Atlas Resource Partners, L.P. (ARP) (“ARP” or “the Partnership”) announced today that it has entered into an amendment to its revolving credit facility and has completed its semi-annual redetermination of its credit facility borrowing base, resulting in a revised borrowing base of $700 million, a decrease of approximately 6.7% from the previous level. In order to provide increased flexibility as a

West Virginia’s Coal Industry is Reeling – Will Shale Gas Take Its Place?

November 20, 2015

An Exclusive Interview with Keith Burdette, Secretary of Commerce for West Virginia Coal has powered West Virginia’s economy for centuries. Generations of West Virginians have come and gone in the Mountain State, and its stalwart blue-collar coal industry continuously attracts the next wave of young people in search of a career in the rolling hills of Appalachia. But the latest generation

Waning Coal Demand in Asia Pushes Global Trade Down for the First Time in 21 Years

November 20, 2015

Coal loses support as demand in China falters The global coal trade declined for the first time in 21 years in 2014, and likely contracted further this year as well, according to information from the Energy Information Administration (EIA). The global coal trade grew rapidly from 2008 to 2013 as demand in Asia picked up to support expanding economies in

Noble Postpones IPO of Midstream MLP

November 20, 2015

Noble Energy sites weak markets Houston-based Noble Energy (ticker: NBL) announced today that it will postpone an IPO of its wholly owned subsidiary Noble Midstream Partners, which the company planned to list on the New York Stock Exchange with the ticker NBLX. According to Noble, the company made the decision “as a result of unfavorable equity market conditions.” Noble said

Business Roundtable: “Strategic Changes” Needed for U.S. Energy Policy, Economy

November 20, 2015

Technological advances in the oil and gas industry have reformed the United States economy, but government policies are preventing the business sector from reaching its full potential. That is the assessment of the Business Roundtable, based on a 31-page report released on November 17, 2015. “Powering Forward; North America’s Energy Resurgence” began by detailing the tremendous leaps accomplished by the

Oil Rigs Take Another Dip

November 20, 2015

Total rig count falls to 757 as oil rigs resume trend downward The United States total rig count fell again this week, continuing a trend started last year when OPEC announced it would not defend oil prices. The total rig count fell by 10 this week to 757, with all of the last rigs coming from the oil patch, according

FX Energy Announces Extension of Expiration of Tender Offer for its Common Stock by ORLEN Upstream

November 20, 2015

FX Energy, Inc. (FXEN) (the “Company”) today announced that Kiwi Acquisition Corp. (“Merger Sub”), a wholly-owned subsidiary of ORLEN Upstream Sp. z o.o. (“ORLEN Upstream”), has extended the expiration of its previously announced tender offer (the “Tender Offer”) for all outstanding shares of common stock of the Company. The Tender Offer is being made pursuant to an Offer to Purchase

Eni Sells Remaining Galp Stake as Oil Company Disposes of Assets

November 20, 2015

Story by Bloomberg Eni SpA sold its remaining 4 percent stake in Galp Energia SGPS SA as the Italian oil producer disposes of assets that aren’t part of its main business. Eni raised 325 million euros ($347 million) by selling 33.1 million shares of Portugal’s biggest oil company at 9.81 euros apiece to institutional investors, the Rome-based company said in a statement on

Noble Midstream Partners LP Announces Postponement of Initial Public Offering

November 20, 2015

Noble Midstream Partners LP (“Noble Midstream”) today announced that it has postponed its previously-announced initial public offering. The board of directors and management of Noble Midstream’s general partner and its sponsor, Noble Energy, Inc. (“Noble Energy”), elected to postpone the offering as a result of unfavorable equity market conditions. Noble Midstream will continue to evaluate the timing for the proposed

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