NATCHEZ, Miss., Feb. 1, 2016 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) today announced that it will host a conference call on Thursday, March 3, 2016, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss fourth quarter and full-year financial and operating results. The Company plans to release fourth quarter and full-year 2015 results in addition to posting updated investor materials to its website after the close of markets on Wednesday, March 2, 2016. Please join Callon [Read more]
Archives for February 2016
Alberta government unveils program to boost province’s petrochemical sector
CALGARY - The Alberta government aims to create thousands of jobs and reel in billions in investment by providing $500 million in royalty credits to the province's petrochemical sector.The Petrochemicals Diversification Program announced Monday is one example of how the NDP government aims to encourage more value-added processing in Alberta — turning raw materials into more lucrative products within the province rather than shipping them elsewhere."We understand that to create long-term [Read more]
Petromanas announces sale of Albanian assets to Shell, proposed special distribution and provides update on assets in France and Australia
CALGARY, Feb. 1, 2016 /CNW/ - Petromanas Energy Inc. ("Petromanas" or the "Company") (TSXV: PMI) today announced that it has entered into a Sale and Purchase Agreement (the "Agreement") with Shell Upstream Albania B.V. ("Shell"), a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which Shell has agreed to acquire all of Petromanas' Albanian assets for aggregate gross proceeds of US$45 million (subject to closing adjustments) (the "Proposed Transaction"). The Proposed Transaction [Read more]
UNIFOR: Energy sector bargaining opens with an emphasis on job security
CALGARY, Feb. 1, 2016 /CNW/ - Canada's energy union began contract negotiations today with Suncor as part of sector-wide bargaining that will impact over 12,000 energy workers across Canada. Unifor says that the key issue in this round of bargaining will be job security. "Energy workers have played a key role in Canada's prosperity over the last decade," said Jerry Dias, Unifor's National President. "Energy sector jobs sustain communities right across the country, and that shouldn't change [Read more]
Talen Energy Completes Sale of Gas-Fired Power Plant in Pennsylvania
ALLENTOWN, Pa., Feb. 1, 2016 /PRNewswire/ -- Talen Energy Corporation (NYSE: TLN) completed on Monday (2/1) the sale of Talen Ironwood Holdings, LLC, which through its subsidiaries owns and operates the Ironwood combined-cycle, natural gas-fired power plant in Lebanon County, Pa., to a subsidiary of TransCanada Corporation (TSX, NYSE: TRP). The total purchase price, after estimated adjustments for net working capital, was $657 million. In connection with the transaction, Talen Energy repaid [Read more]
FirstEnergy Invested $171 Million in 2015 in the West Penn Power Service Area to Enhance Electric System
GREENSBURG, Pa., Feb. 1, 2016 /PRNewswire/ -- As part of its ongoing efforts to enhance its electric system, FirstEnergy Corp. (NYSE: FE) invested $171 million in 2015 in the West Penn Power service area on reliability infrastructure projects and other work, including building new transmission lines, new substations, and installing remote-control equipment to help reduce the number and duration of power outages. "Each year we undertake transmission and distribution projects that will help us [Read more]
U.S. to halt approvals of hydraulic fracturing off California coast
LOS ANGELES — The federal government has agreed to stop approving hydraulic fracturing off the California coast until it studies whether the practice is safe for the environment. The agreements filed Friday in Los Angeles federal court settle lawsuits brought by environmental groups that challenged the approval of the practice off Ventura and Santa Barbara. The deals require the Department of Interior to review whether well stimulation techniques such as fracking threaten water quality and [Read more]
Long Run Exploration Ltd. Announces Amendments to Credit Facilities and Related Arrangement Agreement Amendments
CALGARY, ALBERTA--(Marketwired - Feb. 1, 2016) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that it has successfully entered into an amending credit facilities agreement with its bank syndicate. This is a significant milestone towards the completion of the plan of arrangement announced on December 21, 2015 (the "Arrangement"). As a next step in this process, Long Run expects to mail an information circular to its securityholders in early February in [Read more]
Engine Oil Additives Market Estimated to Reach $11.9 Billion By 2020
HYDERABAD, India and MINNEAPOLIS, February 1, 2016 /PRNewswire/ -- According to the report "Engine Oil Additives Market Analysis - By Type (Anti-Oxidants, Detergents, Dispersants, Anti-Wear Additives, VI Improvers, Corrosion Inhibitors, Friction Modifiers, PPD); By Engine Type (Gasoline, Diesel, Natural Gas); By End User (Passenger Car, Commercial Vehicle, Motorcycle) - With Forecast (2015-2020)", published by IndustryARC, the engine oil additives market is estimated to reach $11.9 Billion by [Read more]
227,935 users visited the BOE Report in January
The BOE Report is pleased to announce a record month in both Canada and the United States for total viewership. In total, 227,935 unique users visited BOEreport.com with 70 percent of the traffic coming from Canada, 25 percent from the United States, and the remainder from around the world. BOE's core userbase remains in Calgary where 50 percent of the website's traffic originated. Users of BOEreport.com visit multiple times each day to check the latest in oil and gas news, and commodity [Read more]