HOUSTON , Aug. 03, 2016 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE:EGY) today announced that Steve Guidry, the Company’s Chief Executive Officer, will retire from the Company and Board of Directors effective September 1, 2016. Steve joined VAALCO as Chief Executive Officer in October 2013 after having worked for 33 years at Marathon Oil Corporation in a number of senior executive capacities, his last position there being Vice President of Business Development. He was also appointed to [Read more]
Archives for August 2016
Spectra Energy Partners Reports Second Quarter 2016 Results
HOUSTON, Aug. 3, 2016 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) today reported net income of $305 million, including net income from controlling interests of $287 million, for the second quarter ended June 30, 2016, with diluted earnings per limited partner unit of $0.71. The second quarter included a non-recurring special item of $6 million, which decreased diluted earnings per limited partner unit by $0.02. Second Quarter Highlights: Continued earnings growth from capital [Read more]
Enbridge Energy Partners, L.P. and Enbridge Inc. Announce Agreement to Acquire Equity Interest in the Bakken Pipeline System Establishing New Path to the U.S. Gulf Coast
HOUSTON, TEXAS and CALGARY, ALBERTA--(Marketwired - Aug. 2, 2016) - Enbridge Energy Partners, L.P. (NYSE:EEP) ("EEP") and Enbridge Inc. (TSX:ENB) (NYSE:ENB) ("Enbridge" or the "Company"), announced today that EEP and Marathon Petroleum Corporation ("Marathon Petroleum") have formed a new joint venture, which in turn has entered into an agreement to acquire a 49 percent equity interest in the holding company that owns 75 percent of the Bakken Pipeline System ("Bakken Pipeline" or the "System") [Read more]
Emergencies and advisories in place from the oil spill in Saskatchewan
PRINCE ALBERT, Sask. - A Husky Energy (TSX:HSE) pipeline spilled up to 250,000 litres of oil mixed with a lighter hydrocarbon called a diluent into the North Saskatchewan River near Maidstone almost two weeks ago. Here are some details updated Tuesday. Emergencies The Rural Municipality of Prince Albert, the City of Prince Albert, the Rural Municipality of Buckland and the Muskoday First Nation remained under states of emergency Tuesday. The declaration gives communities special [Read more]
Cardinal Energy Ltd. Announces Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 2, 2016) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the three and six months ended June 30, 2016. The Company's unaudited financial statements and management's discussion and analysis for the quarter ended June 30, 2016, have been filed on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Cardinal's website at [Read more]
Husky Energy and CNOOC Limited Announce Agreement for Liwan Gas Project
CALGARY, AB--(Marketwired - August 02, 2016) - Husky Energy's (TSX: HSE) China subsidiary has signed a Heads of Agreement (HOA) with CNOOC Limited and relevant companies for the price adjustment of natural gas from the Liwan 3-1 and Liuhua 34-2 fields that would see the price set at $12.50-15.00 Cdn per thousand cubic feet (mcf) at current exchange rates. "Long term fundamentals remain strong for natural gas demand in China. The price adjustment will allow Husky and CNOOC to maintain their [Read more]
Anadarko Declares Dividend
HOUSTON, Aug. 2, 2016 /PRNewswire/ -- The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common stock of 5 cents per share, payable Sept. 28, 2016, to stockholders of record at the close of business on Sept. 14, 2016. The amount of future dividends for Anadarko common stock will depend on earnings, financial condition, capital requirements and other factors. The Board of Directors will determine dividends on a [Read more]
Northern Blizzard Resources Inc. Announces Conference Call on Second Quarter 2016 Results
CALGARY, Aug. 2, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) will release its second quarter 2016 financial and operating results prior to the opening of markets on August 11, 2016. Northern Blizzard will host a conference call on August 11, 2016, starting at 9:00AM MT (11:00AM ET), to review the Company's second quarter 2016 results. Participants can access the conference call by dialing (403) 532-5601 or toll-free (US & Canada) 1 [Read more]
Devon Energy Reports Second-Quarter 2016 Results
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the second quarter of 2016 and provided guidance for the third quarter and full-year 2016. Highlights Exceeded production expectations in U.S. resource plays Raised 2016 production guidance for retained assets by 3 percent Reduced lease operating expenses 26 percent year over year Improved operating and G&A expense outlook Completed asset divestiture [Read more]
Sanchez Energy Announces Appointment of Robert V. Nelson, III to Its Board of Directors
HOUSTON, Aug. 02, 2016 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN) (“Sanchez Energy” or the “Company”), today announced that Robert V. Nelson, III was appointed to its Board of Directors (the “Board”), effective Aug. 2, 2016. The Board has determined that Mr. Nelson is independent under the rules of the New York Stock Exchange (“NYSE”) and, therefore, is qualified to serve on the Board’s Audit Committee, Nominating and Corporate Governance Committee and Compensation [Read more]
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