BOE Report

Freeport-McMoRan Completes Sale of Onshore California Properties

PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed the previously announced sale of its onshore California properties to Sentinel Peak Resources California LLC for $592 million in cash, before closing adjustments. Under the terms of the agreement, FCX has the right to receive additional proceeds of $50 million per annum in each of 2018, 2019 and 2020 if the price of Brent crude oil averages $70 per [Read more]

NuStar Closes on Accretive Acquisition That Further Expands Its Presence in Port of Corpus Christi

NuStar completes purchase of crude oil and refined product terminal assets from Martin Midstream Partners SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it has closed on the purchase of crude oil and refined product terminal assets in Corpus Christi, Texas from Martin Midstream Partners (Nasdaq: MMLP) for a net $93 million. The acquisition is expected to be immediately accretive to NuStar’s earnings based on the [Read more]

Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2016 Conference Call for Wednesday, February 22, 2017

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Wednesday, February 22, 2017, at 8:30 AM CT (9:30 AM ET) to discuss fourth quarter and full-year 2016 financial and operating results. The Company plans to announce fourth quarter and full-year 2016 results on Tuesday, February 21, 2017, after close of trading. Conference Call Information: Dial-in: (844) [Read more]

ExxonMobil Awards Key Contracts for Liza Oil Development and Production in Guyana

Significant step toward first oil production in Guyana Contracts awarded for floating production, storage and offloading vessel Production license application and development plan filed with government IRVING, Texas--(BUSINESS WIRE)--ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), today announced that it has awarded contracts to SBM Offshore for a floating production, [Read more]

ExxonMobil and Porsche Announce Extension of Strategic Relationship

Agreement builds on 20 years of lubricant supply, research and development collaboration Mobil 1 synthetic motor oil to remain the exclusive initial fill and recommended service fill lubricant for all Porsche models Sponsorship of all Porsche Motorsport activities, including LMP1/GT Works programs, Porsche Supercup and Carrera Cups, to continue SPRING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE:XOM) and Porsche [Read more]

Total Makes $207 Million Investment in Tellurian to Develop Integrated Gas Project

HOUSTON & PARIS--(BUSINESS WIRE)--Tellurian Investments Inc. (“Tellurian”) and Total announce today that Total is acquiring approximately 23% of Tellurian at $5.85 per share for an amount of 207 million dollars to develop an integrated gas project, from the acquisition of competitive gas production in the US to the delivery of LNG to international markets from the Driftwood LNG terminal. Tellurian President and CEO Meg Gentle said, “Total’s investment materially strengthens Tellurian’s [Read more]

Devon Energy Announces Pricing of Tender Offers

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corporation (NYSE: DVN) (the “Company” or “Devon Energy”) today announced the consideration payable in connection with its previously announced tender offers (the “Tender Offers”) to purchase for cash up to an aggregate principal amount of the securities listed in the table below (collectively, the “Notes”) that would not result in the aggregate amount that all holders of the Notes are entitled to [Read more]

Devon Energy Announces Early Tender Results and Upsizing of Tender Offers

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corporation (NYSE: DVN) (the “Company” or “Devon Energy”) today announced the early tender results for its previously announced tender offers (the “Tender Offers”) to purchase for cash up to an aggregate principal amount of the securities listed in the table below (collectively, the “Notes”) that would not result in the aggregate amount that all holders of the Notes are entitled to receive, excluding accrued [Read more]

Fitch Rates Freeport-McMoRan’s New Notes at ‘BBB-‘

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB-' rating to the $2.1 billion in senior unsecured notes issued by Freeport-McMoRan Inc. (FCX) in exchange for a like amount of notes issued by Freeport-McMoRan Oil & Gas LLC, FCX Oil & Gas LLC and FMSTP Inc., as co-issuers, and guaranteed by FCX, as well as roughly $14.5 million in cash. The new notes are guaranteed by Freeport-McMoRan Oil & Gas LLC. A full list of ratings actions follows at the [Read more]

ExxonMobil’s Energy Outlook Projects Population, Economic Growth to Drive Energy Demand

IRVING, Texas--(BUSINESS WIRE)--Global population growth of nearly 2 billion, a doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are all expected to contribute to energy demand growth of about 25 percent from 2015 to 2040, according to ExxonMobil’s 2017 Outlook for Energy: A View to 2040. Efficiency gains across economies worldwide will play a significant role in limiting the growth in energy needs. Energy demand in member nations of the [Read more]