BOE Report

ENGIE Acquires OpTerra Energy Services

Deal Will Expand Companies’ Service Options to Customers in North America HOUSTON--(BUSINESS WIRE)--ENGIE and OpTerra Energy Services announced today that a member of the ENGIE Group has acquired OpTerra Energy Services and its affiliated companies. Headquartered in Oakland, California, OpTerra designs and implements customized projects that help public- and private-sector clients reduce energy consumption and cost. This move strengthens both companies’ [Read more]

Clayton Williams Energy, Inc. Q4 2015 and Year End 2015 Results Conference Call

Thursday, March 10, 2016 11:30 a.m. ET (10:30 a.m. CT) MIDLAND, Texas--(BUSINESS WIRE)--Clayton Williams Energy, Inc. (the “Company”) (NYSE: CWEI) will hold its fourth quarter 2015 and Year End 2015 results conference call on Thursday, March 10, 2016, at 11:30 a.m. Eastern Time (10:30 a.m. Central Time). The Company expects to issue the news release sometime before the market opens on Thursday, March 10, 2016. A live webcast for investors and [Read more]

FTTN: Investors Ignore Oil Slump, Keep Pouring Big Money into Energy Industry

LAS VEGAS--(BUSINESS WIRE)--Despite falling crude prices, American investors have not lost hope in energy, a sentiment companies across the sector, including First Titan Corp. (OTCQB: FTTN), plan to tap into as they collectively seek to raise a combined $4.6 billion in equity this quarter. That impressive total represents nearly 30 percent of all U.S. equity to be raised in that time period, placing energy ahead of all other industries, [Read more]

Sunoco Logistics Announces Fifth Consecutive Year of Record Distributable Cash Flow and Record Full Year Earnings

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced results for the fourth quarter 2015. Adjusted EBITDA for the three months ended December 31, 2015 was $317 million, an $80 million increase compared to the fourth quarter 2014. Net income attributable to partners for the fourth quarter 2015 was $25 million ($0.21 loss per limited partner unit, diluted), compared to a net loss attributable to [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 April 15, 2016, to record holders of its Series A Units at the close of business on March 31, 2016. This monthly distribution is equal to an annual [Read more]

Energy Transfer Equity Reports Fourth Quarter and Full Year Results

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE:ETE) (“ETE” or the “Partnership”) today reported financial results for the fourth quarter ended December 31, 2015. Distributable Cash Flow, as adjusted, was $343 million for the three months ended December 31, 2015 as compared to $243 million for the same period last year, an increase of $100 million. Distributable Cash Flow, as adjusted, per unit was $0.32 for the three months ended [Read more]

Strong Global Demand for Petrochemicals Fuels Optimism, Says Chevron Phillips Chemical’s EVP at CERAWeek

HOUSTON--(BUSINESS WIRE)--Operating within the challenge and uncertainty of the current energy environment, Chevron Phillips Chemical Company LP’s Executive Vice President Mark Lashier outlines the company’s growth strategy at IHS CERAWeek in Houston, Texas. During a panel discussion, Lashier said, “We have an enthusiastic long-term view for petrochemicals thanks to a one-two combination of strong global demand and competitive feedstocks from [Read more]

GlassPoint Appoints Energy Veteran to Support North American Expansion

FREMONT, Calif.--(BUSINESS WIRE)--GlassPoint Solar, the leading supplier of solar to the oil and gas industry, today announced the appointment of energy veteran Sanjeev Kumar as senior vice president of project development in North America. Kumar will lead the growth and financing initiatives for GlassPoint and its California projects. GlassPoint has developed a novel solar thermal technology for oilfields, which produce steam at a lower cost than steam [Read more]

AES Reports 2015 Proportional Free Cash Flow of $1,241 Million and Adjusted EPS of $1.22

2015 Achievements Increased quarterly dividend by 10%, to $0.11 per share, beginning in the first quarter of 2016 Returned $757 million to shareholders through share repurchases and dividend payments Used $345 million to prepay or refinance Parent debt Brought on-line 1,484 MW of new projects, with an additional 5,620 MW currently under construction, the majority of which is [Read more]

H.E. Khalid A. Al-Falih of Saudi Aramco is the 2016 “Energy Intelligence Petroleum Executive of the Year”

NEW YORK--(BUSINESS WIRE)--Energy Intelligence announced today that H.E. Khalid A. Al-Falih, Chairman of the Board of Directors of the Saudi Arabian Oil Company (Saudi Aramco), has been named 2016 Energy Intelligence Petroleum Executive of the Year. He was chosen by a selection committee made up of top global oil industry executives, and is the 20th winner of this highly regarded, peer-selected honor. The award will be presented to Al-Falih on October [Read more]