BOE Report

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]

Step Energy Services Ltd. reports third quarter 2024 results

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. (the “Company” or “STEP”) (TSX: STEP) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and the unaudited condensed consolidated financial interim statements and notes thereto as at September 30, 2024 (the “Financial Statements”). Readers should also refer [Read more]

Coterra announces accretive Permian Basin acquisitions

HOUSTON--(BUSINESS WIRE)--Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced it has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash and $1.0 billion of Coterra common stock, issued to one of the sellers, subject to certain purchase price adjustments. The cash portion of the consideration [Read more]

Pembina Pipeline Corporation announces intention to redeem its Series 19 medium term notes

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it intends to exercise its option to redeem all of its outstanding $150,000,000 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") at a redemption price of approximately $1,023.19 for each $1,000 principal amount of Series 19 Notes, being [Read more]