Story by Globes Israel Edison S.p.A. and other leading energy companies have expressed interest in acquiring the Karish and Tanin gas fields. Delek Group Ltd. (TASE: DLEKG) energy exploration and production units Delek Drilling Limited Partnership (TASE: DEDR.L) and Avner Oil and Gas LP (TASE: AVNR.L) will acquire the stake of Noble Energy Inc.(NYSE: NBL) in the Karish and Tanin
Legacy Reserves LP (“Legacy”) (LGCY) today announced the semi-annual borrowing base review under its $1.5 billion secured revolving credit facility has resulted in a revised borrowing base of $900 million, a $50 million reduction from the previous figure. Legacy also announced today that Paul Horne, President and Chief Executive Officer, and Dan Westcott, Executive Vice President and Chief Financial Officer,
Gastar Exploration Inc. (NYSE MKT: GST) (“Gastar” or the “Company”) is pleased to announce that Mr. Jerry R. Schuyler, a current independent director of Gastar, has been appointed Chairman of Gastar’s Board of Directors, replacing Mr. John M. Selser, Sr. who has resigned from Gastar’s board of directors to devote more time to other business interests. Mr. Schuyler joined Gastar
Story by the Dallas Business Journal After plans by Houston-based Occidental Petroleum Corp. (NYSE: OXY)’s partial consolidation to Houston came to light in the Dallas Business Journal exclusively last week, real estate sources say they expect the company-owned Occidental Tower to land on the market for upwards of $95 million. Occidental Petroleum plans to relocate up to 100 employees to
Story by The New York Times Marriott International said on Monday that it had agreed to buy Starwood Hotels and Resorts Worldwide for $12.2 billion in cash and stock, creating the world’s largest hotel company. Under the terms of the deal, Marriott will pay $72.08 a share in cash and stock for Starwood, whose brands include Westin, the W, Sheraton
TransCanada Corporation (TRP) (TRP) (TransCanada) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has signed contracts for approximately 2.7 billion cubic feet per day (Bcf/d) of new firm natural gas transportation service that will require a $570 million system expansion for 2018. “Our NGTL System is sitting on top of extensive natural gas supplies, making it well-positioned
Proceeds will finance portion of SourceGas Holdings LLC acquisition Black Hills Corp. (BKH) today announced that it plans to conduct concurrent registered public offerings, subject to market conditions and other factors, of up to 5.5 million shares of its common stock and 5.2 million equity units (aggregate stated amount of $260 million of equity units). Net proceeds from these offerings
Callon Petroleum Company (CPE) (“Callon” or the “Company”) today announced the closing of its previously announced underwritten public offering of 13,800,000 shares of its common stock, including 1,800,000 shares sold to the underwriters pursuant to their option to purchase additional shares, which the underwriters exercised on November 10, 2015. Following this issuance, Callon now has 80,115,551 shares of common stock
From CNBC Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along. The latest confirmation of troubles came Monday with the Empire State manufacturing index, a gauge of New York activity that clearly shows contraction in the sector. The November reading of -10.74 was actually a modest improvement improvement
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
