Energy News

Microsoft CEO on Brexit vote: ‘We’re going to continue to invest’

From the Puget Sound Business Journal

Despite international fears about the impact on technology companies of the United Kingdom’s decision to exit the European Union, Microsoft CEO Satya Nadella this week said the vote will not impact the Redmond company’s …

July 5, 2016 - 5:40 am Closing Bell Story‎, Energy News, International
Samson Oil & Gas Sells North Stockyard Assets

Samson Oil & Gas Sells North Stockyard Assets

Move boosts liquidity

Samson Oil & Gas (ticker: SSN) announced an agreement to sell the company’s interest in the North Stockyard field for $15 million. The buyer of the acreage is Angelus Private Equity Group, who has placed a $1 …

Merger Fallout: 6 Williams Directors Jump Ship

Merger Fallout: 6 Williams Directors Jump Ship

Following a Delaware judge’s ruling last week that Energy Transfer Equity (ticker: ETE) could walk away from the Williams Company (ticker: WMB) merger, and Energy Transfer’s official cancellation of it, the fallout from the decision is coming full circle.

Six …

Harvest Natural Harvest Natural Resources Announces Agreement To Sell Interests In Venezuela

HOUSTON, June 30, 2016 /PRNewswire/ — Harvest Natural Resources, Inc. (Harvest or the Company) (NYSE: HNR) today announced that it and its wholly-owned subsidiary, HNR Energia B.V. (HNR Energia), have entered into a Share Purchase Agreement with CT Energy Holding …

June 30, 2016 - 10:45 am Closing Bell Story‎, Energy News
Nighthawk Energy Issues Production Update

Nighthawk Energy Issues Production Update

28 June 2016

NIGHTHAWK ENERGY PLC

Production Update

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces the Company’s latest current production level update.

The Company’s production continues to remain strong.  As shown in

Airstrikes Cut Islamic State Oil Revenues in Half – to $15 Million per Month

From Stars and Stripes

WASHINGTON — About 300 airstrikes against the Islamic State’s oil network in Iraq and Syria during the last two years have cut the terrorist group’s revenue by at least half, a U.S. military spokesman said Wednesday.…

Spartan Energy Corp. Announces Two Consolidating Southeast Saskatchewan Light Oil Acquisitions and Bank Line Redetermination

Spartan Energy Corp. Announces Two Consolidating Southeast Saskatchewan Light Oil Acquisitions and Bank Line Redetermination

CALGARY, ALBERTA–(Marketwired – June 29, 2016) – Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to announce that it has entered into definitive agreements to acquire an aggregate of 1,650 boe/d (99% oil) of light oil production in …

Attorney Lawrence Friedman: Breitling Energy Complaint “Not a Typical Agency Complaint”

From Texas Lawyer

The U.S. Securities and Exchange Commission has accused executives at a Dallas oil and gas energy company, including the CEO and general counsel, of a “long-lasting and egregious fraud” that included spending investors’ money at gentlemen’s clubs.…

June 29, 2016 - 10:07 am Closing Bell Story‎, Energy News, Regulatory

Four Companies Generate Half of U.S. Renewable Energy

From SmartGrid News

Four companies account for more than half of all renewable energy sales across the U.S.: Sempra Energy, Pacific Gas & Electric (PG&E), Edison International and Xcel Energy all reported that more than 20 percent of their total …

Does Increase in Oil Service Activity Indicate an Uptick?

Does Increase in Oil Service Activity Indicate an Uptick?

Oil prices have been on the rise over the course of the last several months, and for the first time in a long time, rig count has been moving up instead of down.

With the price reaching $50 a barrel, …

Eclipse Resources Announces Operational Update and Amended Guidance

Eclipse Resources Announces Operational Update and Amended Guidance

June 28, 2016 - 4:07 pm Closing Bell Story‎, Energy News, Press Releases

NAFTA: Trump Says He Will Renegotiate or Withdraw

From The Hill

Donald Trump on Tuesday said he will demand a renegotiation of the North American Free Trade Agreement (NAFTA) between the United States, Mexico and Canada.

If those other countries refuse the renegotiation, Trump said he would withdraw …

June 28, 2016 - 3:25 pm Closing Bell Story‎, Energy News

Credit Agricole CIB Appoints Gerard R. Vincitore, Former New York Power Authority (NYPA) Senior Vice President, Managing Director in Structured Finance Advisory Group

Credit Agricole CIB Appoints Gerard R. Vincitore, Former New York Power Authority (NYPA) Senior Vice President, Managing Director in Structured Finance Advisory Group

Oakland, Calif., votes to ban coal handling, storage at planned shipping terminal

Oakland, Calif., votes to ban coal handling, storage at planned shipping terminal

June 28, 2016 - 8:22 am Closing Bell Story‎, Energy News, Press Releases

54 Bcf Helium Pool Discovered in Africa

Underground helium pool discovered in Africa

June 28, 2016 - 8:02 am Closing Bell Story‎, Energy News, Press Releases

Could the Reaction to a Strong Yen Push Oil Lower?

Eyes of the World Should be on the BOJ

As the markets tread into the ‘post-Brexit’-world after the UK voters cast in favor of the United Kingdom leaving the European Union, the chips are beginning to fall and countries half …

Southwestern Energy Rearranges And Extends Bank Credit Facilities

Southwestern Energy Rearranges And Extends Bank Credit Facilities

QEP Resources Announces Closing of Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

QEP Resources Announces Closing of Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

June 27, 2016 - 4:05 pm Closing Bell Story‎, Energy News, Finance, Press Releases

Williams Stockholders Approve Merger Transaction with ETE, and Williams Launches Appeal of Merger Ruling in Delaware Supreme Court

Williams Stockholders Approve Merger Transaction with ETE, and Williams Launches Appeal of Merger Ruling in Delaware Supreme Court

June 27, 2016 - 3:25 pm Closing Bell Story‎, Energy News, Press Releases

Flush With Cash, Latham & Watkins Extends Spree

From The American Lawyer

Latham & Watkins is on a lateral hiring tear, with prime partners at lockstep firms proving to be favored targets.

The addition of Freshfields Bruckhaus Deringer executive partner and trial expert Michael Lacovara, announced Tuesday, is …

June 27, 2016 - 8:13 am Closing Bell Story‎, Energy News

Joseph D. Allman and Robert F. Balsamo Join FBR’s Energy Equity Research Team

Joseph D. Allman and Robert F. Balsamo Join FBR’s Energy Equity Research Team

June 27, 2016 - 8:00 am Closing Bell Story‎, Energy News, Press Releases

Energy Deal Bonanza: Israel, Turkey normalize diplomatic relations after six years

Israel, Turkey normalize diplomatic relations after six years

NGL Energy Partners LP Announces Closing of Investment from Funds Managed by Oaktree Capital Management, L.P. Upsized from $200 Million to $240 Million

NGL Energy Partners LP Announces Closing of Investment from Funds Managed by Oaktree Capital Management, L.P. Upsized from $200 Million to $240 Million

June 27, 2016 - 6:30 am Closing Bell Story‎, Energy News, Finance, Press Releases

U.S. Oil Companies Crank Up Production in Gulf of Mexico

From The Wall Street Journal:

Oil companies are pumping more crude off the U.S. coast in the Gulf of Mexico, a surprising trend that shows the resilience of the nation’s energy industry.

Despite the worst price downturn in a generation, …

June 24, 2016 - 12:23 pm Closing Bell Story‎, Energy News

Power output in Alberta oil sands near pre-fire levels

From Reuters:

The amount of power generated by cogeneration electric plants around the fire-ravaged town of Fort McMurray in Alberta, Canada, climbed near levels seen before wildfires forced oil sands producers to shut their facilities in May.

Analysts look to …

June 24, 2016 - 12:22 pm Closing Bell Story‎, Energy News
Whiting Reduces Debt via a Debt for Equity Transaction

Whiting Reduces Debt via a Debt for Equity Transaction

Whiting Petroleum (ticker: WLL) has initiated an exchange offering for senior notes aimed at lowering debt and leverage through the mandatory conversion of senior notes to equity. The announcement on June 22, 2016, will encompass $377.0 million worth of nonconvertible …

Willbros CAO Tenders Resignation

Willbros CAO Tenders Resignation

Condor Petroleum, Inc. to Sell Producing Non-Operated Bakken / Three Forks and Other Operated North Dakota Properties

Condor Petroleum, Inc. to Sell Producing Non-Operated Bakken / Three Forks and Other Operated North Dakota Properties

Track Blamed for Oil Train Derailment

From the Observer

PORTLAND, Ore. (AP) — Federal investigators on Thursday blamed Union Pacific Railroad for a fiery oil train derailment along the Oregon-Washington border, saying the company failed to properly maintain its track.

June 23, 2016 - 11:25 am Closing Bell Story‎, Energy News, Midstream
Source: WPX

Federal Judge Strikes Obama’s Fracing Ban

A federal judge in Wyoming has issued a final ruling to refute the executive branch’s ban of hydraulic fracturing on public land. U.S. District Judge Scott Skavdahl issued the final ruling on June 21, 2016, upholding a preliminary injunction he …