Thursday, June 18, 2026

CenterPoint Energy Announces Strategic Review of Enable Midstream Partners and Exploration of REIT

CenterPoint Energy, Inc. (CNP) (the “Company” or “CenterPoint Energy”) today announced that it is evaluating strategic alternatives for the Company’s investment in Enable Midstream Partners (“Enable”), including a sale or spin-off qualifying under section 355 of the U.S. Internal Revenue Code. CenterPoint Energy currently owns a 50 percent general partner interest and a 55.4 percent limited partner interest in Enable,

US agrees to environmental review of offshore oil fracking

From the Associated Press The federal government has agreed to stop approving oil fracking off the California coast until it studies whether the practice is safe for the environment The federal government has agreed to stop approving oil fracking off the California coast until it studies whether the practice is safe for the environment, according to legal settlements filed Friday.

Leviathan Partners Sign $1.3 Billion Gas Deal With Edeltech

From Bloomberg Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply fuel from the country’s largest gas reserves, the offshore Leviathan field. Partners in Leviathan will supply 6 billion cubic meters of gas over 18 years to two power stations owned by local electricity producer Edeltech Group, according to a statement filed to the

Bonanza Creek Energy Provides an Update on Its Rocky Mountain Infrastructure Transaction

Bonanza Creek Energy, Inc. (BCEI) (“Bonanza Creek”) continues to work towards closing the sale of its wholly-owned midstream subsidiary, Rocky Mountain Infrastructure, LLC, to Meritage Midstream Services IV, LLC, backed by private equity firm Riverstone Holdings LLC. The parties have mutually agreed to extend the closing date for the transaction to February 29, 2016. Since the transaction was announced, both

ZCL Composites Announces New COO and Provides Update on Pursuit of Value Enhancing Initiatives

ZCL Composites Inc. (ZCL.TO) (“ZCL” or the “Company”) today announced that it has appointed Rene Aldana as Chief Operating Officer, effective January 19, 2016. “Rene is a strong and experienced operator who will help ZCL increase efficiency and advance our profitable growth,” said Ron Bachmeier, President & CEO of ZCL. “I am pleased to welcome him aboard.” Mr. Aldana has

For the Year, U.S. Economic Growth Exceeds Five Year Average

In spite of reaching only 0.7% in fourth quarter of 2015 The U.S. Bureau of Economic Analysis released the growth numbers for the U.S. economy for fourth quarter, and full-year, 2015. According to the BEA, economic growth was just 0.7% in the fourth quarter of the year, as business investment slowed down. Better employment numbers have helped improve the housing

Oil: The 30-Year Anniversary of the 1986 Collapse

The 1980s: a rough decade for cars, rock music and oil The 1980s were a mixed up decade. Killer British-driven rock music and groundbreaking R&B artists were giving ground to wimpy, fake artists like Milli Vanilli. The era of glasspack, dual carb, Hurst-shifted Detroit muscle cars had thrown in the towel to embarrassing vehicles like Chrysler’s K-car. The U.S. had

Chevron

Chevron: Commodity Slide Delivers Q4’15 Loss

CVX Expects Spending to Wind Down through 2018 The oil and gas industry is not expecting Q4’15 earnings season to be pretty, but not many expected Chevron (ticker: CVX, chevron.com), one of the world’s largest integrated oil companies, to post a loss of $558 million. Typically, integrated companies are somewhat shielded from commodity downturns, as the profits increase in the

Oil Rig Count Falls Below 500

Rig count sheds 3% of total The U.S. rig count continued its trend downward in the week ended January 29, according to information from Baker Hughes (ticker: BHI, BakerHughes.com). The U.S. total rig count landed at 619, down 18 from last week, and 45 from the first Baker Hughes report of the year. Both oil and gas focused rigs saw

Gastar Exploration Inc. Announces the Retirement of its SVP and COO

Gastar Exploration Inc. (NYSE MKT: GST) (“Gastar” or the “Company”) announced today the retirement of its Senior Vice President and Chief Operating Officer, Michael McCown, effective February 1, 2016. Mr. McCown began his tenure with Gastar in December 2009 as a consultant and was hired as the Vice President – Northeast in July 2010.  On June 7, 2013, Mr. McCown

Alberta Royalty Review: 5% Flat Fee till Industry Average Upfront Costs Are Recovered

Reaction poured in Friday after Alberta Premier Rachel Notley announced the rates for oilsands projects will remain the same in an announcement that came after a five-month royalty review. Rules around how costs are accounted for will be changed: companies will pay a flat five per cent royalty on wells until the industry average on upfront costs are recovered, then

Petrobras’ Proven Reserves in 2015

Rio de Janeiro, January 29, 2016 – Petróleo Brasileiro S.A. – Petrobras announces its proven reserves of petroleum (oil, condensate and natural gas), assessed at the end of 2015 according to ANP/SPE (National Petroleum, Natural Gas and Biofuels Agency / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission) criteria. Proven Reserves according to ANP/SPE Criteria:According to ANP/SPE