Energy News

Canada Pension Plan Investment Board Commits US$450 Million to the U.S. Mineral Interest and Energy Royalty Sector

Canada Pension Plan Investment Board Commits US$450 Million to the U.S. Mineral Interest and Energy Royalty Sector

TORONTO, ONTARIO–(Marketwired – June 8, 2016) – Canada Pension Plan Investment Board (CPPIB) announced today that an affiliate of its wholly owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), has committed US$450 million to LongPoint Minerals, LLC (LongPoint), a company …

June 8, 2016 - 2:56 pm Canada, Closing Bell Story‎, Energy News

Why Corporate America’s Love of Renewable Energy Should Terrify Utilities

From The Motley Fool

Don’t look now, but corporate America may lead the next phase of the renewable energy revolution. And that’s terrible news for utilities across the country.

Companies are looking at renewable energy as a way to save …

June 8, 2016 - 1:08 pm Closing Bell Story‎, Energy News

Cheniere Partners Announces Offering of $1.0 Billion Senior Secured Notes due 2026 by Sabine Pass Liquefaction, LLC

HOUSTON, June 8, 2016 /PRNewswire/ — Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE MKT: CQP) announced today that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC (“SPL”), intends to offer, subject to market and other conditions, $1.0 billion principal amount …

June 8, 2016 - 12:49 pm Closing Bell Story‎, Energy News, LNG
Ferrellgas Partners, L.P. Reports Results for Third Quarter Fiscal 2016

Ferrellgas Partners, L.P. Reports Results for Third Quarter Fiscal 2016

OVERLAND PARK, Kan., June 08, 2016 (GLOBE NEWSWIRE) — Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas” or the “Company”) today reported financial results for its third fiscal quarter ended April 30, 2016. The Company reported Net earnings attributable to Ferrellgas Partners, L.P. …

June 8, 2016 - 10:20 am Closing Bell Story‎, Energy News, Midstream, MLPs
Bankers Petroleum Announces Resumption of Operations and Corporate Transaction Update

Bankers Petroleum Announces Resumption of Operations and Corporate Transaction Update

CALGARY, June 8, 2016 /CNW/ – Bankers Petroleum Ltd. (“Bankers” or the “Company”) (TSX: BNK, AIM: BNK) is pleased to announce that the Company has resumed its usual operations following commencement of export activities at the Petrolifera Italo Albanese (“PIA”) …

June 8, 2016 - 10:06 am Canada, Closing Bell Story‎, Energy News
Shell Announces FID for New Petrochemical Plant to Draw from Marcellus, Utica Gas Production

Shell Announces FID for New Petrochemical Plant to Draw from Marcellus, Utica Gas Production

Royal Dutch Shell announced on June 7, 2016, that the final investment decision has been given for construction of a petrochemical plant in western Pennsylvania. The plant will be located near the Marcellus and Utica shale plays and will collect …

Total Energy Services Increases 2016 Capital Expenditure Budget

Total Energy Services Increases 2016 Capital Expenditure Budget

CALGARY, ALBERTA–(Marketwired – June 6, 2016) – Total Energy Services Inc. (“Total”) (TSX:TOT) announces that it has increased its 2016 capital expenditure budget from $12.1 million to $17.2 million. This $5.1 million (USD 3.9 million) increase will be directed towards …

Suncor Energy Provides RMWB Production and 2016 Corporate Guidance Update

Suncor Energy Provides RMWB Production and 2016 Corporate Guidance Update

CALGARY, ALBERTA–(Marketwired – June 6, 2016) – Suncor today confirmed that it is ramping up production in a staged manner and expects that all of its operations in the Regional Municipality of Wood Buffalo (“RMWB”) will be producing at normal, …

June 7, 2016 - 5:56 pm Canada, Closing Bell Story‎, Energy News
Canadian Natural Resources Limited Completes the Distribution of PrairieSky Royalty Ltd. Shares

Canadian Natural Resources Limited Completes the Distribution of PrairieSky Royalty Ltd. Shares

CALGARY, ALBERTA–(Marketwired – June 7, 2016) – Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) (“Canadian Natural” or the “Company”) is pleased to announce that it has completed its previously announced plan of arrangement (the “Arrangement”) under which shareholders of record of

June 7, 2016 - 4:52 pm Canada, Closing Bell Story‎, Energy News
Rice Midstream Partners Announces Public Offering of Common Units

Rice Midstream Partners Announces Public Offering of Common Units

CANONSBURG, Pa., June 7, 2016 /PRNewswire/ — Rice Midstream Partners LP (NYSE: RMP) (“RMP” or the “Partnership”) today announced the commencement of an underwritten public offering of 8,000,000 common units representing limited partner interests. In connection with the offering, the …

June 7, 2016 - 3:46 pm Closing Bell Story‎, Energy News, Midstream, MLPs

SCT&E LNG Signs a Binding 20-Year Fixed Price Natural Gas Supply Agreement

HOUSTON, TX and CAMERON PARISH, LA–(Marketwired – Jun 7, 2016) – SCT&E LNG, Inc. announced today the company has signed a binding 20-year fixed price natural gas supply agreement to support its future Liquefied Natural Gas (LNG) facility to be …

June 7, 2016 - 3:41 pm Closing Bell Story‎, Energy News, LNG
Gear Energy Announces Strategic Combination With Striker Exploration Corp., $15 Million Bought Deal Financing, and Pro Forma $50 Million Senior Secured Revolving Credit Facilities

Gear Energy Announces Strategic Combination With Striker Exploration Corp., $15 Million Bought Deal Financing, and Pro Forma $50 Million Senior Secured Revolving Credit Facilities

Also Announces Increased 2016 Budget Guidance

CALGARY, ALBERTA–(Marketwired – June 7, 2016) –

Gear Energy Ltd. (“Gear“) (TSX:GXE) and Striker Exploration Corp. (“Striker“) (TSX VENTURE:SKX) are pleased to announce that they have entered into a definitive

Venture Global LNG Appoints Terry A. Newendorp to Board of Directors

WASHINGTON, June 7, 2016 /PRNewswire-USNewswire/ — Venture Global LNG, Inc. has added a highly regarded energy financial advisor, Terry Newendorp, to its Board of Directors. Mr. Newendorp was the founder and former chairman of the independent investment bank Taylor-DeJongh, …

June 7, 2016 - 3:37 pm Closing Bell Story‎, Energy News

Energy Impact Partners Investment Firm Expands Its Network with Ameren Corp.

Ameren Joins Energy Impact Partners Utility Coalition

Energy Impact Partners Adds Another Utility Partner as Investment Firm Expands Its Network

NEW YORK, NY–(Marketwired – Jun 7, 2016) – Energy Impact Partners LP (EIP) today announced the addition of Ameren Corporation

Suncor Energy Announces $2.5 Billion Bought-Deal Common Share Financing

Suncor Energy Announces $2.5 Billion Bought-Deal Common Share Financing

CALGARY, ALBERTA–(Marketwired – June 7, 2016) – Suncor today announced it has entered into an agreement to sell 71.5 million common shares from treasury, on a bought deal basis, at a price of $35.00 per share (the “Offering”). The net …

June 7, 2016 - 3:34 pm Canada, Closing Bell Story‎, Energy News, Finance

Bernhard Capital Partners Closes Inaugural Energy Services Fund

BATON ROUGE, La., June 7, 2016 /PRNewswire/ — Bernhard Capital Partners Management, LP (“BCP” or the “Firm”), an energy services focused private equity firm that seeks to create sustainable value by leveraging its founding partners’ decades of experience acquiring, operating …

June 7, 2016 - 3:28 pm Closing Bell Story‎, Energy News

Guggenheim Securities Hires Vidisha Prasad and Joel Foote to Expand Houston Energy Practice

 Guggenheim Securities Hires Vidisha Prasad to Expand Energy Practice

NEW YORK, June 07, 2016 (GLOBE NEWSWIRE) — Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Vidisha Prasad will join the firm as a …

June 7, 2016 - 3:20 pm Closing Bell Story‎, Energy News, Finance
Raging River Exploration Highlights $175 Million Capital Plan to Sask. Premier

Raging River Exploration Highlights $175 Million Capital Plan to Sask. Premier

CALGARY, ALBERTA–(Marketwired – June 6, 2016) – Raging River Exploration Inc. (“Raging River” or the “Company“) (TSX:RRX) is in Regina, Saskatchewan today meeting with Saskatchewan Premier Brad Wall and visiting the legislature to highlight the Company’s …

June 7, 2016 - 2:04 pm Canada, Closing Bell Story‎, Energy News

Pacific Drilling Regains Compliance with NYSE Continued Listing Requirements

Pacific Drilling S.A. (NYSE: PACD) announced today that it has been notified by the New York Stock Exchange (“NYSE”) that it is once again in compliance with the NYSE’s continued listing requirements.

The Company previously announced that it received a …

June 7, 2016 - 1:55 pm Closing Bell Story‎, Energy News
Holly Energy Partners Announces Acquisition of Interest in Cheyenne Pipeline

Holly Energy Partners Announces Acquisition of Interest in Cheyenne Pipeline

Holly Energy Partners, L.P. (HEP) (“Holly Energy”) announces the acquisition of a 50% interest in Cheyenne Pipeline LLC, owner of the Cheyenne Pipeline, in exchange for a contribution of $42.5 million in cash to Cheyenne Pipeline LLC. The …

June 6, 2016 - 5:58 pm Closing Bell Story‎, Energy News, MLPs
Mid-Con Energy Partners, LP Completes Spring 2016 Borrowing Base Redetermination

Mid-Con Energy Partners, LP Completes Spring 2016 Borrowing Base Redetermination

Mid-Con Energy Partners, LP (MCEP) (“Mid-Con Energy” or the “Partnership”) announces completion of its spring 2016 borrowing base redetermination.  The new borrowing base becomes effective on June 1, 2016, and will be comprised of a $53 million permitted …

June 6, 2016 - 5:57 pm Closing Bell Story‎, Energy News, MLPs
Shoal Point Responds to Release of Report From NL Hydraulic Fracturing Review Panel

Shoal Point Responds to Release of Report From NL Hydraulic Fracturing Review Panel

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 6, 2016) – Mark Jarvis, CEO of Shoal Point Energy (CSE:SHP), today responded to the final report of the Newfoundland and Labrador Hydraulic Fracturing Review Panel, released May 31. “The report concludes that many years …

June 6, 2016 - 1:30 pm Canada, Closing Bell Story‎, Energy News, Fracing

Japan Wants Alaska’s LNG; Export Plant would bring Jobs and Boost State’s Shipping Industry

From the Frontiersman

POINT MACKENZIE — This region of vast birch and cottonwood forest is at the center of supplying two very different markets with an alternative energy source in the coming decades.

And while the details of both projects …

June 6, 2016 - 1:25 pm Closing Bell Story‎, Energy News

Hercules Offshore Officially Triggers Wind-Down

From the Wall Street Journal

Hercules Offshore Inc. has returned to bankruptcy protection, planning to sell off its assets and shut down just months after a balance sheet reshaping that was supposed to save the business.

The long decline in …

June 6, 2016 - 12:42 pm Closing Bell Story‎, Energy News

Tillerson Sees ExxonMobil Investing $10 Billion in Argentina’s Vaca Muerta Shale Play

Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and Chief Executive Officer Rex Tillerson said Thursday.

The oil giant has so …

June 6, 2016 - 12:31 pm Closing Bell Story‎, Energy News

Warren Resources Lawyers Lay Out Plans to Exit Bankruptcy Proceedings

From the Wall Street Journal

Lawyers who put oil and gas producer Warren Resources Inc. into bankruptcy proceedings laid out plans at a Friday court hearing for the company to get a fresh financial start.

The Houston-based company said its …

June 6, 2016 - 12:16 pm Closing Bell Story‎, Energy News

Equatorial Guinea Launches 2016 Oil and Gas Licensing Round, 32 of 37 Blocks Are Offshore

The bidding round, EG Ronda 2016, welcomes expressions of interest on 37 open licenses. The bidding period concludes November 30, 2016

MALABO, Equatorial Guinea, June 6, 2016/ — Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) (www.MMIE.gob.gq) …

June 6, 2016 - 12:10 pm Closing Bell Story‎, Energy News
Alerian MLP Index Turns 10

Alerian MLP Index Turns 10

From Barron’s

The folks who created the Alerian MLP Index (AMZ) are celebrating the 10-year anniversary of the index. They are writing blog posts, creating fact-filled brochures and even sent a small box of champagne candies with press materials.…

June 3, 2016 - 4:31 pm Energy News, MLPs

MDU Resources Names Steiner Assistant Treasurer; Will Oversee Investor Relations

BISMARCK, ND–(Marketwired – June 03, 2016) – MDU Resources Group Inc. (NYSE: MDU) today announced that Janelle Steiner has been named assistant treasurer. Her responsibilities include investor relations and treasury.

“Janelle has done an outstanding job throughout her

June 3, 2016 - 3:18 pm Closing Bell Story‎, Energy News, People
Arsenal Energy Announces Amended Loan Agreement

Arsenal Energy Announces Amended Loan Agreement

CALGARY, ALBERTA–(Marketwired – June 2, 2016) – Arsenal Energy Inc. (“Arsenal” or the “Company”) (TSX:AEI)(OTCQX:AEYIF) announces that the Company has entered into an amending agreement (“Amending Agreement”) with its syndicate of bankers. Under the Amending Agreement, the Company’s borrowing base …

June 3, 2016 - 3:15 pm Canada, Closing Bell Story‎, Energy News