BOE Report

Chevron Announces $26.6 Billion Capital and Exploratory Budget for 2016

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015. “Our capital budget will enable us to complete and ramp-up projects under construction, fund high return, short-cycle investments, preserve options for viable long-cycle projects, and [Read more]

Milestone Environmental Services Breaks Ground on a New Facility in the Permian Basin

HOUSTON--(BUSINESS WIRE)--Milestone Environmental Services (Milestone), an industry leader in oilfield waste disposal, announced the ground breaking of its new slurry injection facility located near Pecos, Texas. The new full-service facility is the sixth to join the five existing locations in South and East Texas, and will be capable of taking waste streams including oil-based and water-based muds/drilling fluids, flowback, tank bottoms, dirty water and produced water. Milestone accepts [Read more]

FTTN Ready to Expand Into Promising Gas-to-Liquids Sector

LAS VEGAS--(BUSINESS WIRE)--First Titan Corp. (OTCQB: FTTN) is closely examining possibilities in the rapidly growing gas-to-liquids market, an up-and-coming energy sector that offers strong potential as a fuel source free of the current low-price problems now associated with crude oil. Gas-to-liquids technology transforms natural gas and biogas into energy and chemical products, including transport fuels, base oils and more. The process was first tried in the 1920s, however only in recent [Read more]

NEL’s Subsidiary H2 Logic to Supply Hydrogen Fueling Station for H2 Mobility Germany – with Option for Multiple Repeat-Orders

OSLO, Norway--(BUSINESS WIRE)--Regulatory News: H2 Logic A/S (H2 Logic), a subsidiary of NEL ASA (NEL), has been awarded a contract for one H2Station fueling station for H2 MOBILITY Deutschland GmbH & Co.KG with an option for multiple repeat-orders. The station will be one among the first in a planned staged expansion onwards 2023 of up to 400 stations in Germany and a total investment of around € 400 million “We look forward to provide our H2Station fueling solution to H2 Mobility. This [Read more]

Kinder Morgan Announces 2016 Outlook

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that its Board of Directors has approved a plan pursuant to which it expects to pay quarterly dividends of $.125 per share to its common stockholders ($.50 annually), down from its current quarterly level of $.51, beginning with the fourth quarter 2015 dividend payable in February 2016. This dividend enables the company to use a significant portion of its large cash flow to fund the equity portion of its expansion capital [Read more]

ExxonMobil Gift Helps Jonathan’s Place Serve North Texas Children

IRVING, Texas--(BUSINESS WIRE)--Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), today presented Jonathan’s Place with the company’s annual holiday gift of $50,000, advancing the nonprofit agency’s mission of providing housing and specialized services to abused, abandoned and neglected children from newborns through adolescence. ExxonMobil’s donation kicks off the agency’s 25th anniversary year, during which it will celebrate its long-standing [Read more]

National Fuel Declares Quarterly Dividend

WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)--The Board of Directors of National Fuel Gas Company (NYSE:NFG) today approved payment of a regular quarterly dividend of 39.5 cents per share on the Company’s common stock. The dividend is payable Jan. 15, 2016, to shareholders of record at the close of business on Dec. 31, 2015. The Company has approximately 84.7 million shares of common stock outstanding. It has no preferred stock outstanding. National Fuel is an integrated energy company comprised of the [Read more]

The 2016 Fifth Annual Shale Gas Innovation Contest Will Award a Total of $80,000 in Cash Prizes!

STATE COLLEGE, Pa.--(BUSINESS WIRE)--The Ben Franklin Shale Gas Innovation and Commercialization Center www.sgicc.org announced that this year’s Fifth Annual Shale Gas Innovation Contest will award a total of $80,000 in cash prizes. The prize money will be shared among the four best shale-energy oriented innovations, new product ideas, or service concepts that are either in the development stage or recently launched. Researchers, entrepreneurs, or small businesses in Pennsylvania and West [Read more]

Phillips 66 Announces Startup of Sweeny Fractionator One

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) has begun operations at its new 100,000 barrels-per-day (BPD) natural gas liquids (NGL) fractionator located at the company's Sweeny Complex in Old Ocean, Texas. Sweeny Fractionator One supplies purity ethane and liquefied petroleum gases (LPG) to the petrochemical industry and heating markets. It is supported by 250 miles of new pipelines and a multimillion barrel storage cavern complex. “The startup of Sweeny Fractionator One is a [Read more]

EnLink Midstream to Present at the Wells Fargo Energy Symposium

DALLAS--(BUSINESS WIRE)--EnLink Midstream, LLC (NYSE: ENLC) (the General Partner) and EnLink Midstream Partners, LP (NYSE: ENLK) (the Master Limited Partnership) announced today that Barry E. Davis, President and Chief Executive Officer, will participate on a panel discussion at the Wells Fargo 14th Annual Energy Symposium in New York City. The panel will take place at 10:20 a.m. Eastern Standard Time on Tuesday, December 8. Michael J. Garberding, Executive Vice President and Chief Financial [Read more]