BOE Report

Kerui Group Becomes First Chinese Exporter of Nitrogen Generator for US

DONGYING, China--(BUSINESS WIRE)--Kerui Group recently shipped its single skid-mounted 1,200Nm3 /h membrane nitrogen generator for US after a week-long evaluation by the client, making it China's first membrane separation nitrogen generation system for oil stimulation to be exported to US. The membrane separation nitrogen generation system sold to the US client abandoned the traditional double truck-mounted or double skid-mounted design. It integrated the air compressor with the gas booster [Read more]

New Genesis 360MW Power Project to provide over 30% of Benin's current electricity demand

LONDON--(BUSINESS WIRE)--Genesis Energy “Genesis”, the energy group based in London, today announced the launch of a 360MW multiple gas fired power project valued at US$190 million, which will provide over 30% of the Republic of Benin's current electric power supply capacity. The project will commence with a 120MW power plant capacity, on a fast track basis, and will be on the back of a long term power purchase agreement without financial contributions from the government. The Genesis power [Read more]

FTTN Expanding Search for Oil Field Service Opportunities

LAS VEGAS--(BUSINESS WIRE)--Buoyed by its recent letter of intent (LOI) signing and increased industry talk of possible higher oil prices, First Titan Corp. (OTCQB: FTTN) has ramped up its hunt for business opportunities in the oil field service sector. FTTN is looking to either acquire existing companies, enter partnerships with other firms seeking capital or even starting a new outfit, depending on what its due diligence finds. “Our search is rapidly gaining momentum,” said FTTN CEO Sydney [Read more]

Un Nouveau Projet de Genesis Power de 360MW Visant à assurer Plus de 30% de la Demande Actuelle d'Electricité du Bénin

LONDRES--(BUSINESS WIRE)--Genesis Energy "Genesis", le groupe d’énergie basé à Londres, a annoncé aujourd'hui le lancement d'un projet d'énergie à gaz multiples fournissant 360MW, d’une valeur s’élevant à 190 millions de dollars, qui assura plus de 30% de la capacité d'alimentation électrique actuelle de la République du Bénin. Le projet débutera avec une capacité de production d'énergie de 120 MW, sur une base accélérée, et sera le sujet d'un accord d'achat d'électricité à long terme, sans [Read more]

Kinder Morgan, Brookfield Infrastructure to Acquire Myria Holdings Inc.’s Majority Interest in Natural Gas Pipeline Company of America

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) and Brookfield Infrastructure Partners L.P. (NYSE: BIP, TSX: BIP.UN) today announced a definitive agreement whereby they will jointly acquire, from Myria Holdings, Inc., the 53 percent equity interest in Natural Gas Pipeline Company of America LLC (NGPL) not already owned by them for a total purchase price of approximately $242 million. KMI will pay approximately $136 million and increase its ownership interest from 20 percent to 50 [Read more]

ConocoPhillips to Hold Conference Call on Thursday, Dec. 10 to Discuss 2016 Capital Budget and Operating Plan

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast at 10:00 a.m. EST on Thursday, Dec. 10, 2015 to discuss its 2016 capital budget and operating plan. The operating plan review will include details on capital, production, operating costs and financial priorities. The company will release its 2016 capital budget and operating plan before the market opens on Dec. 10. To access the webcast, visit ConocoPhillips’ Investor Relations site, [Read more]

Fitch Expects to Rate Pioneer's Senior Unsecured Notes 'BBB-'

CHICAGO--(BUSINESS WIRE)--Fitch Ratings expects to rate Pioneer Natural Resources Co.'s (Pioneer; NYSE: PXD) senior unsecured notes 'BBB-'. The company intends to use the net proceeds for general corporate purposes, including funding the repayment or repurchase of the 5.875% senior notes due 2016 and 6.65% senior notes due 2017. Pioneer expects to issue approximately $1 billion in notes with 2021 and 2026 maturities. KEY RATING DRIVERS Pioneer's ratings reflect its liquid-focused onshore [Read more]

Tallgrass Energy Partners Announces Increase of Revolving Credit Facility

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (NYSE: TEP) announced today that it has increased its revolving credit facility from $850 million to $1.1 billion, and has an option to further increase the revolving credit facility by up to an additional $400 million of commitments to $1.5 billion. The option may be exercised by TEP within six months of the closing of the facility, which was effective Nov. 24, 2015, and concurrent with or after the acquisition of at least an [Read more]

Fluor Gas Project in Philippines Named Platts Global Energy Award Finalist

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its Shell Philippines Exploration Malampaya Phase 3 (MP3) Project has been named a finalist for Engineering Project of the Year for the Platts Global Energy Awards. “Being named a finalist for Engineering Project of the Year by Platts is a great honor and recognizes the integrated solutions approach provided by Fluor’s team on this project,” said Ken Choudhary, Fluor’s Energy & Chemicals president for Asia [Read more]

EXCO Resources Announces Successful Consent Solicitation

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that the Company has obtained the requisite consents to approve the proposed amendments on its previously announced consent solicitation to amend the indenture governing its 7.500% senior notes due 2018 (the “Notes”), which expired at 5:00 p.m., New York City Time, on November 24, 2015 (the “Expiration Date”). Following the receipt of the requisite consents to the proposed amendments, EXCO entered [Read more]