BOE Report

Chevron Concludes Sale of Geothermal Operations in Indonesia

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) announced that its wholly-owned subsidiaries have completed the sale of Chevron’s geothermal business in Indonesia to Star Energy Consortium. Chevron received the cash proceeds upon settlement on March 31, and will reflect the gain in first quarter 2017 results. The conclusion of the sale of Chevron’s geothermal business in the Philippines is expected later in 2017. Chevron [Read more]

Energy Transfer Equity Invests $300 Million in Sunoco LP through Preferred Equity Private Placement

DALLAS--(BUSINESS WIRE)--Sunoco LP (NYSE: SUN) (“SUN”) and Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) today announced the completion of a private placement of $300 million in SUN preferred equity to ETE. Distributions on the new SUN Series A Perpetual Preferred Units (“Preferred Units”) issued to ETE are cumulative and will be payable quarterly from and including the date of original issue. The initial distribution rate of 10.00% per [Read more]

ExxonMobil Announces New Oil Discovery Offshore Guyana

Snoek well encounters more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs Well is located about 5 miles southeast of Liza-1 discovery ExxonMobil continues to evaluate full resource potential of broader Stabroek area IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today positive results on the Snoek well offshore Guyana, confirming a new discovery on [Read more]

ConocoPhillips Announces Sale of Foster Creek Christina Lake Partnership Interest and Western Canada Deep Basin Gas Assets to Cenovus for USD $13.3 Billion; Significant Transaction Accelerates Value Proposition

Cash portion of proceeds will be used to reduce debt to $20 billion in 2017 and double existing share repurchase authorization to $6 billion Transaction significantly improves underlying financial and portfolio metrics HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced it has signed a definitive agreement with Cenovus (TSX: CVE) (NYSE: CVE) to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority [Read more]

Erin Energy Announces Farm-Out Deal With FAR for Gambia Blocks

HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced today it has entered into a definitive farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil and gas company, whereby FAR will acquire an 80% interest and operatorship of Erin Energy’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. Highlights: [Read more]

Erin Energy Announces Audit Opinion

HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) today announced as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2016, which was filed on March 16, 2017 contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. This [Read more]

Phillips 66 Partners to Announce First-Quarter Financial Results

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) executive management will host a conference call webcast at 2 p.m. EDT on Friday, April 28, to discuss the partnership’s first-quarter 2017 financial results, which will be released earlier that day, and provide an update on strategic initiatives. To access the webcast, go to the Phillips 66 Partners Events & Presentations site, www.phillips66partners.com/events. A replay of the [Read more]

Open Season for Trans Mountain Expansion Concludes

All Available Firm Service Capacity Under Long-Term Commitments HOUSTON--(BUSINESS WIRE)--$KMI #KinderMorgan--Trans Mountain has successfully concluded a supplemental open season for 22,000 barrels per day of capacity on its planned expanded pipeline, subject only to final shipper board approval for that volume. The company is pleased to have all available long-term firm service capacity now contracted on the pipeline with a diverse group of 13 customers. [Read more]

Non-Binding Open Season Announced for the Kinder Morgan Gulf Coast Express Pipeline Project

Pipeline solution provides takeaway capacity for prolific Permian Basin HOUSTON--(BUSINESS WIRE)--$KMI #KinderMorgan--Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), today announced the start of a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express Pipeline Project, which will provide an outlet for increased natural gas production from the Permian Basin to [Read more]

Swift Energy Announces the Appointment of Chris Abundis as Senior Vice President and General Counsel

HOUSTON--(BUSINESS WIRE)--Swift Energy Company (OTCQX: SWTF) (the “Company”) announced today the Board of Directors has appointed Christopher M. Abundis as Senior Vice President, General Counsel and Secretary. Abundis will lead the Company’s legal and administration efforts and serve as counsel to the Board of Directors, advising the Board on legal and governance matters. He will report to Sean Woolverton, Swift’s Chief Executive Officer. Chief [Read more]