CALGARY, ALBERTA--(Marketwired - Jan. 4, 2016) - We are pleased to announce that, effective January 1, 2016, the legal name of Talisman Energy Inc. has been changed to Repsol Oil & Gas Canada Inc. In addition, the following related Canadian partnerships have been renamed as follows: Previous legal name New legal name Talisman Alberta Shale Partnership Repsol Alberta Shale Partnership Talisman Wild River Partnership Repsol Wild River Partnership Talisman [Read more]
Archives for 2016
Energy CFOs Expect a Run on Distressed Assets in 2016
CHICAGO--(BUSINESS WIRE)--As 2016 begins, the energy industry remains uncertain of when the sector will turn around—and companies are taking steps to streamline operations until prices begin to recover. With 85 percent of U.S. oil and gas chief financial officers (CFOs) predicting low oil and gas prices to be their greatest financial challenge in 2016, many energy companies are looking to tighten their belts by selling off assets. According to BDO USA LLP's annual Energy Outlook Survey, 75 [Read more]
Breitburn Energy Partners Declares Monthly Distributions for Preferred Units
LOS ANGELES--(BUSINESS WIRE)--Breitburn Energy Partners LP (NASDAQ:BBEP) announced today distributions for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (NASDAQ: BBEPP) and 8% Series B Perpetual Convertible Preferred Units. A cash distribution of $0.171875 per Series A Unit is payable on February 15, 2016, to record holders of its Series A Units at the close of business on January 29, 2016. This monthly distribution is equal to an annual distribution of $2.0625 per Series A [Read more]
Suncor Energy offer to acquire Canadian Oil Sands Limited set to expire on Fri. January 8, 2016
CALGARY, ALBERTA--(Marketwired - Jan. 4, 2016) - Suncor Energy today urged shareholders of Canadian Oil Sands Limited ("COS") to tender their shares to Suncor's offer before it expires at 6:00 p.m. MT (8:00 p.m. ET) on Fri. January 8, 2016 and recommended that shareholders get instructions to brokers immediately to ensure that they are processed in time as certain brokers and intermediaries will have tender deadlines on Tuesday or Wednesday of this week. As announced on October 5, 2015, [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Strategic Acquisition
CALGARY, AB--(Marketwired - January 04, 2016) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE: TWM) is pleased to announce that it has closed an acquisition agreement with a Vendor (the "Vendor") and acquired 100% working interests in three deep cut gas processing/natural gas liquids extraction facilities with total aggregate capacity of 142 Mmcf/day of gas processing/NGL extraction capability, plus a 100% working interest in approximately 250km of [Read more]
Artisan Energy Announces Management and Director Change
CALGARY, ALBERTA--(Marketwired - Jan. 4, 2016) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC), announces that effective immediately, Mr. Rick Ironside has resigned as President and CEO, and from the Board of Directors of the Corporation, in order to pursue other opportunities. On behalf of the Board of Directors, we wish Mr. Ironside success with his new endeavours. Artisan is pleased to announce that Mr. Rick Young has been appointed as Interim President [Read more]
Parsley Energy to Participate in the Goldman Sachs Global Energy Conference 2016 on January 6th and 7th
AUSTIN, Texas--(BUSINESS WIRE)--Parsley Energy, Inc. (NYSE: PE) today announced that the Company will participate in the 2016 Goldman Sachs Global Energy Conference in Miami, Florida. In conjunction with the conference, an updated investor presentation will be posted to the Investor Relations section of Parsley’s website under Events and Presentations. About Parsley Energy, Inc. Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition and development of [Read more]
Azure Midstream Partners Announces Two New Fee-Based Deals Totaling 32,000 MCFD
DALLAS, Jan. 4, 2016 /PRNewswire/ -- Azure Midstream Partners, LP (NYSE: AZUR), a leading midstream natural gas gathering and processing company based in Dallas, Texas, today announced it has completed two new deals with producers totaling 32,000 MCFD. The first is a four-year, fee-based deal with a well-established independent producer in East Texas who is working to grow their acreage position to build on the 15,200 acres they already operate in Panola County, TX. This producer [Read more]
Canadian Oil Sands Issues Declaration of Independence
The alternative to Suncor's bid is compelling and clear: Independence CALGARY, Jan. 4, 2016 /CNW/ - Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) ("COS" or "Canadian Oil Sands") issued the following declaration that shareholders' interests are best served by remaining independent as a unique, highly valuable company when Suncor Energy Inc.'s ("Suncor") hostile bid expires on January 8, 2016: Dear Fellow Shareholders, Acting together in the short term means we can remain independent [Read more]
Milder Winter, Low Natural Gas Price Mean Winter Heating Savings for Consumers Energy Customers
JACKSON, Mich., Jan. 4, 2016 /PRNewswire/ -- A relatively mild winter and the lowest natural gas price in nearly 15 years are working together to reduce this winter's heating bills for homes and businesses that Consumers Energy serves. The energy provider announced today that the average household could pay $200 less for natural gas this winter compared to a year ago. "Michigan homes and businesses should continue to enjoy savings on their heating bills this winter," said Tim Sparks, Consumers [Read more]