BOE Report

STEP Energy Services Ltd. Announces Agreement to Mutually Terminate Arrangement

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP") (TSX: STEP) announces that effective December 19, 2024, STEP, 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) have entered into a termination agreement that mutually terminates the arrangement agreement originally entered into on November 3, 2024 (the "Agreement"). The termination is without liability or cost to any party. The decision to [Read more]

Energy Transfer Signs Agreement to Supply Chevron 2.0 Million Tonnes of LNG Per Annum From Its Lake Charles LNG Export Facility

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced its subsidiary, Energy Transfer LNG Export, LLC (Energy Transfer LNG), has entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Chevron U.S.A. Inc. (Chevron) related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply 2.0 million tonnes of LNG per annum (mtpa) to Chevron. The LNG will be supplied on a free-on-board (FOB) basis and the purchase price will consist of a fixed liquefaction [Read more]

Tennessee Gas Pipeline Announces Final Investment Decision on Mississippi Crossing Project

Project designed to transport up to 1.5 Bcf/d of natural gas benefiting Southeast U.S. markets HOUSTON--(BUSINESS WIRE)--Tennessee Gas Pipeline, L.L.C. (TGP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), today announced its decision to proceed with its Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity. “This transformative project will benefit the Southeast region as it will provide incremental [Read more]

STEP Energy Services Ltd. Announces That Special Meeting Will Commence at 5:00 P.M. (Mountain Time) Today

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP" or the "Company") today announced that it has postponed the start of its special meeting (the "Meeting") of shareholders that was scheduled to commence at 10:00 a.m. (Mountain time) to 5:00 p.m. (Mountain Time) today (December 19, 2024). While a number of shareholders have switched or withdrawn their votes, based on current tabulations, the previously announced Arrangement would be defeated. Shareholders who have given a [Read more]

STEP Energy Services Ltd. Announces Both Leading Independent Proxy Advisors Recommend STEP Shareholders Vote for the Arrangement With ARC

ISS cites "significant premium" and "certain and immediate value" in endorsing the Arrangement Basis for Glass Lewis endorsement includes recognition of "considerable" negotiation process STEP Shareholders are encouraged to vote in advance of the proxy deadline of December 17, 2024 at 10:00 a.m. (Mountain time) The Canada Post service disruption may cause Canadian STEP Shareholders not to receive physical Meeting materials. STEP Shareholders who have questions or need assistance in [Read more]

Pembina Pipeline Corporation Announces 2025 Guidance and Provides Business Update

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"). For more information see "Non-GAAP and Other Financial Measures" herein. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation [Read more]

Imperial provides 2025 corporate guidance outlook

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today provided an update on its corporate guidance outlook for 2025. The company’s strategy remains focused on maximizing the value of its existing assets and progressing advantaged high-value growth opportunities while delivering industry-leading returns to shareholders. “Our 2025 plan builds on our momentum and positions the company to achieve even stronger operating performance with higher volumes and lower unit [Read more]

STEP Energy Services Ltd. Announces 2025 Capital Budget and Provides Fourth Quarter Update and First Quarter Outlook and Impact of Canada Post Service Disruption on Take Private Transaction

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (“STEP” or the “Company”) (TSX: STEP) is announcing its 2025 capital budget and is providing an operational and financial update. 2025 Capital Budget STEP is pleased to announce its full-year 2025 capital budget will be $78.9 million. The budget includes $46.7 million of optimization capital and $32.2 million of sustaining capital. The optimization capital will facilitate the deepening of the Company’s natural gas strategy, [Read more]

ExxonMobil announces plans to 2030 that build on its unique advantages

Expects to deliver growth potential of $20 billion in earnings and $30 billion in cash flow1 Key elements of ExxonMobil’s 2030 plan: Increasing Pioneer acquisition average annual synergies by over 50% to more than $3 billion2 Growing new business earnings potential to $3 billion3 Adding $7 billion more in structural cost savings vs. 3Q2024 Increasing Upstream production to 5.4 million oil-equivalent barrels per day with >60% from advantaged assets Growing high-value [Read more]

Pembina Pipeline Corporation Announces Redemption of Series 22 Preferred Shares

All financial figures are in Canadian dollars unless otherwise noted. CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its intention to redeem its issued and outstanding Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 22 ("Series 22 Shares") (TSX: PPL.PF.B) on January 8, 2025 (the "Redemption Date"). Pembina intends to redeem all of its 1,028,130 issued and outstanding Series 22 Shares, [Read more]