BOE Report

NextDecade Signs HOAs for 14 Mtpa of LNG for Rio Grande LNG Facility

THE WOODLANDS, Texas--(BUSINESS WIRE)--NextDecade LLC, a development and management company of liquefied natural gas (LNG) projects that provides customers access to the full LNG value chain, announced today that it has signed Heads of Agreements (HOAs) totaling 14 Million tons per annum (Mtpa) for the sale and purchase of LNG. These contracts include customers from across Asia and Europe. Moving forward, NextDecade will focus on converting these HOAs to fully-termed sales and purchase/tolling [Read more]

AES Reports Third Quarter 2015 Proportional Free Cash Flow of $621 Million and Adjusted Earnings Per Share of $0.39

ARLINGTON, Va.--(BUSINESS WIRE)--The AES Corporation (NYSE:AES) today reported Proportional Free Cash Flow (a non-GAAP financial measure) for the third quarter of 2015 of $621 million, an increase of $194 million from third quarter 2014, primarily driven by the timing of the collection of receivables in the Dominican Republic. Third quarter 2015 Consolidated Net Cash Provided by Operating Activities increased $152 million to $915 million, primarily driven by the same factors as Proportional Free [Read more]

FTTN: Midstream Equipment Market Could Offer Future Revenue Possibilities

LAS VEGAS--(BUSINESS WIRE)--First Titan Corp. (OTCBB:FTTN) continues its due diligence on the oilfield services and equipment markets, narrowing its focus to the midstream sector. FTTN believes this sector will provide a promising future market for used oilfield equipment as midstream projects, unlike those in upstream, are less likely to fall victim to the current pricing slump. The midstream oil and gas industry concentrates on gathering, storing and transporting oil, natural gas and other [Read more]

OriginClear Effectively Eliminates Bacteria and Hydrogen Sulfide in Produced Water Without Chemicals

LOS ANGELES--(BUSINESS WIRE)--OriginClear Inc. (OTC/QB: OOIL), a leading provider of water treatment solutions, today announced OriginClear’s proprietary electro-oxidation technology effectively removes 96 percent of bacteria and 97 percent of hydrogen sulfide (H2S) from produced water, without chemicals. Results were reported after lab and field testing on produced water from the Eagle Ford shale using OriginClear’s new Electro-Oxidation (EO) Toolkit. Cost and water scarcity are driving [Read more]

KNOT Offshore Partners LP Earnings Release—Interim Results for the Quarter Ended September 30, 2015

ABERDEEN, Scotland--(BUSINESS WIRE)-- Highlights For the three months ended September 30, 2015, KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”):   •   Generated revenues of $39.3 million, operating income of $19.7 million and net income of $8.8 million   •   Generated Adjusted EBITDA of $32.2 million (1)   •   Generated distributable cash flow of $16.1 million (1)   •   Achieved strong operational performance with 99.6% utilization of the fleet In addition:   • [Read more]

Energy Transfer Equity Reports Third Quarter Results

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE:ETE) (“ETE” or the “Partnership”) today reported financial results for the quarter ended September 30, 2015. Distributable Cash Flow, as adjusted, for the three months ended September 30, 2015 was $325 million compared to $234 million for the three months ended September 30, 2014, an increase of $91 million. Distributable Cash Flow, as adjusted, per unit was $0.31 for the three months ended September 30, 2015, an increase of 41% [Read more]

Sunoco Logistics Announces Record Year to Date Earnings and Continued Five Percent Quarter on Quarter Distribution Growth

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced results for the third quarter 2015. Adjusted EBITDA for the three months ended September 30, 2015 was $289 million, a $43 million increase compared to the third quarter 2014. Net income attributable to partners for the third quarter 2015 was $56 million ($0.07 loss per limited partner unit diluted), which included a $103 million inventory adjustment resulting from the decrease in [Read more]

Petroleum Development Oman and GlassPoint Break Ground on Landmark Solar Plant ‘Miraah’

MUSCAT, Oman--(BUSINESS WIRE)--Petroleum Development Oman (PDO) and GlassPoint Solar have broken ground on their landmark solar project ‘Miraah’. The site preparation and grading for the project, located at the Amal oilfield in southern Oman, began one month ahead of schedule. Miraah, which means mirror in Arabic, will harness the sun’s energy to produce steam used in heavy oil production. In July, the two companies announced a deal to build one of the world’s largest solar plants which at [Read more]

Hess to Participate in Bank of America Merrill Lynch 2015 Global Energy Conference

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on November 11, 2015 at 8:15 AM (ET). A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. About Hess: Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More [Read more]

EnLink Midstream Reports Third Quarter 2015 Results

DALLAS--(BUSINESS WIRE)--The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner), today reported results for the third quarter of 2015. Third-Quarter 2015 — EnLink Midstream Partners, LP Financial Results The Partnership realized adjusted EBITDA of $187.3 million and distributable cash flow of $147.8 million in the third quarter of 2015, compared with adjusted EBITDA of $111.4 million and [Read more]