Closing Bell Story‎

Anadarko Unveils its Central Oil Stabilization Facility in Northern Colorado From the Greeley Tribune. Daunting. That’s the only way to describe the massive facility Anadarko Petroleum plans to open in December. Billed as its latest and greatest weapon in the war against fugitive emissions, an effort to reduce its environmental footprint, the Central Oil Stabilization Facility is lauded as Anadarko’s

Story by Bloomberg Petroleo Brasileiro SA reached an agreement to end a two-week national strike that reduced output in 50 platforms to protest spending cuts and asset sales that threaten jobs, a workers group said. FUP, an umbrella group for Brazilian oil-worker unions, reached an accord with the state-controlled producer after meetings with Chief Executive Officer Aldemir Bendine, it said

Ensco plc (ESV) announced today that Jon Baksht has been named chief financial officer. He will be based in London and succeeds Jay Swent, who is retiring effective at year end. Baksht most recently was vice president – finance after joining Ensco as vice president – treasurer. His professional career includes experience in investment banking and consulting. Baksht has an

Warren Resources, Inc. (“Warren” or the “Company”) (WRES) today announced that, effective immediately, the Board of Directors has appointed James A. Watt as President and Chief Executive Officer of the Company. The Company expects that Mr. Watt will be named to the Board of Directors at the next meeting of the Board of Directors. Lance Peterson, who has served as

Nov 16 – From Reuters UK – Increased domestic energy production in coming years could allow Egypt to re-export Iraqi oil as part of a larger plan to become an energy export hub, Egypt’s petroleum minister Tarek El Molla told the state news agency on Monday. El Molla’s comments came a day after Egypt signed an agreement with Jordan and Iraq

LINN Energy, LLC (LINE) (“LINN” or the “Company”) and LinnCo, LLC (LNCO) (“LinnCo”) announced today that LINN has entered into a series of privately negotiated transactions to exchange an aggregate principal amount of $2 billion of the Company’s senior unsecured notes (the “Unsecured Notes”) for an aggregate principal amount of $1 billion of newly issued senior secured second lien notes

Story by Bloomberg Canada plans to formally ban oil tanker traffic on the northern coast of British Columbia, adding another hurdle to Enbridge Inc.’s Northern Gateway pipeline proposal. Prime Minister Justin Trudeau has instructed Marc Garneau, the minister of transport responsible for the Coast Guard, to implement the ban which has informally been in place for years and was part

Lonestar Resources, Ltd. (ASX: LNR, OTCQX: LNREF) is pleased to announce that pursuant to the terms of the Company’s Senior Secured Credit Facility, which is redetermined semiannually, the Company’s Borrowing Base has been reaffirmed at $180 million.  As of September 30th, 2015, the company had $79 millionoutstanding on the facility, leaving $101 million undrawn and available.

Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (GTE.TO) (GTE.TO) and Petroamerica Oil Corp. (“Petroamerica”) (TSX VENTURE:PTA), both international oil and gas companies operating in Colombia, are pleased to announce that they have entered into an arrangement agreement dated November 12, 2015 (the “Arrangement Agreement”) whereby Gran Tierra has agreed to acquire all of the issued and outstanding common