BOE Report

Macquarie Infrastructure Corporation Reports Third Quarter 2015 Financial Results, Increases Cash Dividend

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE:MIC) announced that its Board of Directors has authorized the payment of a cash dividend for the third quarter of 2015 of $1.13 per share ($4.52 annualized). The payment represents an increase of 15.3% over the $0.98 per share paid following the third quarter of 2014. The dividend will be paid on November 17, 2015 to shareholders of record on November 12, 2015. MIC has increased its cash dividend in each of the last eight [Read more]

EXCO Resources Announces Additional Transactions That Reduce Debt

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that it has entered into additional transactions (the “Additional Transactions”) as the Company continues to enhance its balance sheet as part of its ongoing strategic improvement plan (“Strategic Plan”). EXCO has entered into agreements with certain unsecured noteholders (the “Noteholders”) pursuant to which the Noteholders have agreed to become additional lenders for an aggregate amount of $109 [Read more]

California Resources Corporation to Present at an Upcoming Industry Conference

LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced that Todd Stevens, President and CEO, will be presenting at the Bank of America Merrill Lynch 2015 Global Energy Conference on the afternoon of November 10th at 3:35 pm ET in Miami, Florida. The slides and webcast for the presentation will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the Investor Relations section on crc.com. [Read more]

Chevron Announces First Production from the Lianzi Development Offshore the Republic of Congo and Angola

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) announced today that its subsidiary, Chevron Overseas (Congo) Limited, has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola. Located 65 miles (105 km) offshore in approximately 3,000 feet (900 meters) of water, Lianzi is Chevron’s first operated asset in the Republic of Congo and the first cross-border oil development project [Read more]

PBF Energy Completes Acquisition of the Chalmette Refinery and Related Logistics Assets

PARSIPPANY, N.J.--(BUSINESS WIRE)--PBF Energy Inc. (NYSE:PBF) announced today that its subsidiary has successfully completed its acquisition of Chalmette Refining, LLC, consisting of the 189,000 barrel per day Chalmette Refinery and related logistics assets, from ExxonMobil and PDV Chalmette, LLC. The purchase price for Chalmette Refining, LLC, was $322 million, plus working capital. With the acquisition, PBF Energy has increased its total throughput capacity to over 725,000 barrels per day. [Read more]

RasGas Leads with First Global GE Asset Performance Management Solution Built Exclusively for LNG Sector

DOHA, Qatar--(BUSINESS WIRE)--RasGas Company Limited (RasGas), one of the world’s largest producers of liquefied natural gas (LNG), leads the industry with the first global deployment of GE’s Asset Performance Management (APM) solutions, powered by Predix, as a pilot, created specifically to meet the needs of the LNG sector. RasGas becomes the first global LNG customer to leverage GE’s Predix Cloud, the world’s first and only cloud-based solution designed specifically for industrial data and [Read more]

Energen Declares Quarterly Cash Dividend

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Board of Directors of Energen Corporation (NYSE: EGN) today declared a quarterly cash dividend of 2 cents per share payable December 1, 2015, to shareholders of record on November 13, 2015. Energen Corporation is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. At year-end 2014, the company had 1.1 billion barrels of oil-equivalent proved, probable, and possible reserves and another 2.2 billion barrels of [Read more]

ConocoPhillips to Present at Bank of America Merrill Lynch 2015 Global Energy Conference

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that Matt Fox, executive vice president, Exploration and Production, will speak at the Bank of America Merrill Lynch 2015 Global Energy Conference on Tuesday, Nov. 10 at 10:30 a.m. EST. Investors can access a live audio webcast of the presentation at www.conocophillips.com/investor. An archived replay, presentation slides and a transcript of the webcast will be available shortly after the presentation. --- # # # --- About [Read more]

Breitburn Energy Partners Announces Monthly Cash Distributions for Common and Preferred Units

LOS ANGELES--(BUSINESS WIRE)--Breitburn Energy Partners LP (NASDAQ:BBEP) announced today a cash distribution of $0.04166 per common unit for the second month attributable to the third quarter of 2015, payable on November 13, 2015, to record holders of its common units at the close of business on November 9, 2015. This monthly distribution is equal to a distribution of $0.50 per common unit on an annualized basis. Breitburn also announced today distributions for its 8.25% Series A Cumulative [Read more]

Chevron Reports Third Quarter Net Income of $2.0 Billion

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today reported earnings of $2.0 billion ($1.09 per share – diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share – diluted) in the 2014 third quarter. Foreign currency effects increased earnings in the 2015 quarter by $394 million, compared with an increase of $366 million a year earlier. Sales and other operating revenues in third quarter 2015 were $33 billion, compared to $52 billion in the [Read more]