Monthly Archives: December 2017

Exxon has vowed to do a better job in disclosing the risks it faces from climate change starting “in the near future” after bucking pressure to do that for years.<br><br>How did we get here?

Exxon has vowed to do a better job in disclosing the risks it faces from climate change starting “in the near future” after bucking pressure to do that for years.

How did we get here?

Exxon Mobil’s About-Face on Climate Disclosure

By Paul Griffin, University of California, Davis

Source: FB-RSS feed for DeSmogBlog

Numbing cold wave grips U.S., heralding a frigid New Year’s Eve

The torrent of arctic air that poured into many parts of the United States this week tightened its grip on Friday and brought record cold to some spots, as forecasters warned revelers from Memphis to Maine to expect numbing conditions on New Year's Eve. As far south as Charleston, South Carolina, freezing rain coated the [Read More…]

Source: Headlines – BOE Report

Oil Price Stability Leads To Increased Activity

Crude oil prices stabilized in 2017 reversing a decrease in activity that began in November 2014. The Organization of Petroleum Exporting Countries, better known as OPEC, and some other oil-producing countries, such as Russia, agreed to cut oil exports by 1.8 million barrels per day (b/d).  The decline in exports and a rise in demand...

The post Oil ...

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

LEAWOOD, Kan.–(BUSINESS WIRE)–This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on Dec. 29, 2017 and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distribution, payable Dec. 29, 2017, and the cumulative distributions paid this fiscal [Read More…]

Source: BOE Report

NRG Energy, Inc. Announces Final Tender Results, Completion of Redemption for Its Outstanding 6.625% Senior Notes Due 2023

PRINCETON, N.J.–(BUSINESS WIRE)–NRG Energy, Inc. (NYSE:NRG) today announced the final results of its previously announced tender offer (the “Tender Offer”) to purchase any and all of its outstanding 6.625% senior notes due 2023 (the “2023 Notes”). The Tender Offer expired at 11:59 P.M., New York City time, on December 28, 2017 (the “Expiration Date”). An [Read More…]

Source: BOE Report

Jones Energy, Inc. Receives Continued Listing Standard Notice From the NYSE

AUSTIN, Texas, Dec. 29, 2017 (GLOBE NEWSWIRE) — Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or the “Company”) today announced that it received notification on December 26, 2017 from the New York Stock Exchange (“NYSE”) that the Company was noncompliant with certain continued listing standards because the price of the Company’s Class A common stock over [Read More…]

Source: BOE Report

Together, Trump and the rail lobbyists had great success this year in stopping new safety regulations that would make oil trains safer and deadly rail accidents less likely, but the biggest triumph was probably changing the way the rail industry itself is regulated.

Together, Trump and the rail lobbyists had great success this year in stopping new safety regulations that would make oil trains safer and deadly rail accidents less likely, but the biggest triumph was probably changing the way the rail industry itself is regulated.

Trump and the Rail Industry Had a Great First Year Together

The election of Donald Trump was ...

Source: FB-RSS feed for DeSmogBlog

Trump and the Rail Industry Had a Great First Year Together

Oil tank cars

The election of Donald Trump was a big win for the oil and rail industries. Shortly after the election, Edward Hamberger, CEO of the trade group the Association of American Railroads, addressed a conference in New York City, noting that “the policy landscape in Washington, D.C., dramatically shifted on Election Day.”

The trade publication Railway Age also reported Hamberger saying that “Washington leaders ...

Source: DeSmogBlog

Pipeline projects move ahead to tackle rising Texas shale output

Several oil pipeline companies this month agreed to move ahead on multi-billion-dollar projects that would link Texas shale fields to Gulf Coast export hubs, offering new outlets for burgeoning output expected in 2018. Crude production from two large Texas shale fields next year is expected to rise about 800,000 barrels per day, researcher East Daley [Read More…]

Source: BOE Report

Bill Barrett Corporation Announces Closing of Uinta Basin Asset Sale

DENVER, Dec. 29, 2017 /PRNewswire/ — Bill Barrett Corporation (the “Company”) (NYSE: BBG) announced today that it has closed the previously announced sale of non-core assets located in the Uinta Basin. The proceeds from this transaction will be used for general corporate purposes. Tudor, Pickering, Holt & Co. served as advisor on this transaction.         Forward-Looking [Read More…]

Source: BOE Report

Looking Back at the 10 Biggest Shale-Related Storylines of 2017

What a difference a year can make.

Although that saying is about as cliché as it gets, it perfectly sums up a strong 2017 for the U.S. oil and natural gas industry on numerous fronts. Following some rough sledding from late 2014 through 2016, the shale industry not only enjoyed a resurgence this past year — it is clearly in ...

Source: Energy In Depth

U.S. oil rig count ends 2017 40 pct above year-ago levels -Baker Hughes

The U.S. oil rig count rose by about 42 percent by end-2017 compared to the levels seen during the corresponding period last year, as energy companies boosted spending amid a recovery in crude prices. Drillers held the number of oil rigs steady for a second straight week at 747 in the week to Dec. 29. [Read More…]

Source: BOE Report

South Korea Seizes Hong Kong Oil Tanker

South Korea has impounded a Hong Kong-registered oil tanker suspected of having secretly transferred refined oil to a North Korean vessel, thus violating United Nations sanctions, South Korean officials announced on Friday. The officials said that Hong Kong-flagged oil tanker Lighthouse Winmore had docked at the South Korean port of Yeosu on October 11 to load 14,039 tons of refined ...

Source: Oilprice.com

With Crude Rising, Hedging Strategies Play Out For Some E&amp;Ps

Rising crude prices are sort of like the tax reform passed near year-end: they have people hurrying to assess the effect they may have on the energy sector overall. One of the obvious challenges for E&Ps as oil prices continue to surge is hedging positions. A report late in the year from Cowen & Co. analysts led by Charles Robertson ...

Source: Oilandgasinvestor.com Feeds

Pan Orient Energy Corp.: L53AC-C1 Drilling Update

CALGARY, ALBERTA–(Marketwired – Dec. 29, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations update. Thailand Onshore Concession L53 (Pan Orient 50% & Operator) The L53AC-C1 deviated exploration well was drilled to a depth of 1,453 meters true vertical depth (1,789 meters measured depth) and encountered two [Read More…]

Source: BOE Report

Continental Resources Extends Oil Shipping Contract With Tallgrass Energy

Tallgrass Energy Partners LP (NYSE: TEP) said on Dec. 28 that Continental Resources Inc. (NYSE: CLR) exercised its contractual right to extend its Throughput and Deficiency Agreements (TDAs) to ship crude oil with Belle Fourche Pipeline Co. (BFPL) and with TEP’s subsidiary, Tallgrass Pony Express Pipeline LLC (Pony Express), through October 31, 2024.

Source: Oilandgasinvestor.com Feeds

What Affected Oil Prices: 2017 In Review

2017 was another volatile year for oil markets, with prices finally appearing on track to a sustainable recovery after several false starts. As the year winds to a close, we here at Stratas Advisors felt it worthwhile to look back at the path prices have charted, and some of the key events impacting oil markets this year. Stay tuned next ...

Source: Oilandgasinvestor.com Feeds

Claren Energy Announces Results of Annual General and Special Meeting

TORONTO, Dec. 29, 2017 (GLOBE NEWSWIRE) — Claren Energy Corp. (“Claren” or the “Company”) (TSX-V:CEN) announces the results from its annual and special meeting of shareholders, which was held on December 22, 2017. All matters put forth in the management information circular of the Company dated November 23, 2017 were passed. The circular is available [Read More…]

Source: BOE Report

California Resources Corporation to Participate at Upcoming Industry Conference in January

LOS ANGELES–(BUSINESS WIRE)–California Resources Corporation (NYSE: CRC) announced that Mark Smith, Senior Executive Vice President & CFO, will be participating at the Goldman Sachs Global Energy Conference on Tuesday, January 9, 2018 in Miami, Florida. The presentation materials utilized at the conference will be available on the day of the event on the “Earnings and [Read More…]

Source: BOE Report

Exxon Mobil’s About-Face on Climate Disclosure

ExxonMobil protesters hold signs

By Paul Griffin, University of California, Davis

Exxon Mobil Corp. has vowed to do a better job in disclosing the risks it faces from climate change starting “in the near future” after bucking pressure to do that for years.

Until now, shareholders and bondholders had no choice but to rely on informed guesswork by outsiders to divine how the nation’s largest ...

Source: DeSmogBlog