BOE Report

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]

EXCO Resources Announces Capital Budget for First Six Months of 2016 Drilling Activity

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE: XCO) (“EXCO” or the “Company”) today announced that the Company is executing on its disciplined capital allocation approach to ensure the highest and best uses of capital. EXCO will be selectively developing its asset base during the first six months of 2016, while deferring a significant amount of the Company’s drilling inventory until commodity prices improve. Capital Budget Overview EXCO’s Board of Directors has approved an operated [Read more]

Devon Energy to Present at Capital One Securities Annual Energy Conference

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that Howard J. Thill, senior vice president of communications and investor relations, will present at the Capital One Securities Annual Energy Conference on Thursday, Dec. 10, 2015, at 9:40 a.m. CT (10:40 a.m. ET). The event will be available to the public via internet webcast. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the event. The presentation will include [Read more]

Unit Corporation to Participate in Upcoming Conferences

TULSA, Okla--(BUSINESS WIRE)--Unit Corporation (NYSE: UNT) announced today that it will present at the Cowen and Company Ultimate Energy Conference on Wednesday, December 2nd. The presentation will be broadcast live over the Internet at 11:30 a.m. Eastern Time (10:30 a.m. Central Time). Unit will present at the Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, Florida. Unit’s presentation will be broadcast live over the Internet on Thursday, December 3rd at 9:30 a.m. [Read more]