BOE Report

Energy Transfer Announces Pipeline Project Connecting Permian Basin Production Supplies to Multiple Markets

Will Provide Additional Natural Gas Capacity to Serve Growing Market Needs DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it has reached a positive final investment decision (FID) for the construction of an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs. The new large-diameter pipeline, previously called the Warrior Pipeline, is being renamed in honor of Hugh Brinson and will now be known as the Hugh Brinson [Read more]

Chevron announces 2025 capex budget & 4Q24 interim updates

Organic capex budget of $15 billion; affiliate capex budget of $2 billion Restructuring and other charges expected to be $1.1 to $1.5 billion in 4Q24   SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation today announced an organic capital expenditure range of $14.5 to $15.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) range of $1.7 to $2.0 billion for 2025. The company’s 2025 capex and affiliate capex budgets represent [Read more]

ExxonMobil announces leadership changes

Liam Mallon to retire after 34 years of service Dan Ammann appointed President, Upstream Company Barry Engle appointed President, Low Carbon Solutions SPRING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE: XOM) today announced Liam M. Mallon, president of ExxonMobil Upstream Company and vice president Exxon Mobil Corporation, will retire effective February 1, 2025. The Board of Directors has appointed Dan L. Ammann president, ExxonMobil Upstream Company. Dan will continue as vice president, [Read more]

More U.S. LNG is needed to curb Asia’s surging coal use, Asia Natural Gas & Energy Association commissioned-study finds

SINGAPORE--(BUSINESS WIRE)--#energy--Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown. The study, commissioned by the Asia Natural Gas & Energy Association (ANGEA), models energy demand, power generation and the implications for gas demand for nations across Asia through to 2050. The study found continued growth [Read more]

Imperial to hold 2025 corporate guidance outlook

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2025 corporate guidance outlook call and presentation on Thursday, December 12, following the release that morning of the company’s 2025 corporate guidance outlook. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks [Read more]

ConocoPhillips Company announces cash tender offers for debt securities and consent solicitations by Marathon Oil Corporation

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips Company (“CPCo” or the “Company”), a wholly-owned subsidiary of COP, has commenced cash tender offers (the “Offers”) to purchase: (1) any and all of Marathon Oil Corporation’s (“Marathon”) debt securities listed in the first table below (collectively, the “Any and All Notes”), and (2) (A) for Holders who validly tender their Maximum Offer Notes (as defined below) on or prior to the Early Tender [Read more]

ConocoPhillips completes acquisition of Marathon Oil Corporation

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief executive officer. “Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We have a [Read more]

Pembina Pipeline Corporation Announces Conversion Results for Series 7 Preferred Shares

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 ("Series 7 Shares") (TSX: PPL.PR.G) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 8 of Pembina ("Series 8 Shares") on December 1, 2024. After taking into account all the conversion notices received from holders of its outstanding Series 7 Shares [Read more]

Pembina Pipeline Corporation Announces Completion of Redemption of Series 19 Medium Term Notes

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it completed the previously announced redemption of its outstanding $150 million aggregate principal amount of senior unsecured medium-term notes, series 19 (the "Series 19 Notes") due June 22, 2026 for cash on November 17, 2024 (the "Redemption Date"). The Series 19 Notes were redeemed at a redemption price of approximately $1,023.19 for each $1,000 principal [Read more]

STEP Energy Services Ltd. announces commencement of delivery and filing of circular for special meeting of shareholders to approve arrangement

Shareholders will receive $5.00 per share in cash, a substantial 40.4% premium to the trading price of Shares on November 1, 2024, being the last trading day prior to the execution of the Arrangement Agreement Shareholders are encouraged to vote well in advance of the proxy deadline of December 17, 2024 at 10:00 a.m. (Mountain time) Shareholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll [Read more]