CALGARY--(BUSINESS WIRE)--Trans Mountain Pipeline ULC (Trans Mountain) operated by Kinder Morgan Canada and owned by Kinder Morgan Energy Partners, L.P. (NYSE: KMP), today filed a Facilities Application with its regulator, the National Energy Board (NEB), for authorization to build and operate the necessary facilities for the company’s proposed Trans Mountain expansion project. The application addresses all issues previously identified by the NEB, including environmental, socio-economic, [Read more]
ConocoPhillips Announces 2014 Capital Budget of $16.7 Billion and Affirms Production Growth Target
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Investments during 2014 will target the company’s diverse portfolio of global opportunities. Approximately 55 percent of the budget is allocated toward North America and 45 percent toward Europe, Asia Pacific and other international businesses. Highlights of the company’s 2014 investment program include: Increased investment in the company’s [Read more]
Devon Energy Reports Third-Quarter 2013 Results
Delivered 38 percent growth in U.S. oil production Increased cash flow by 18 percent Improved Canadian thermal oil realizations Achieved positive well results in emerging oil plays Exceeded company guidance for midstream operating profit November 06, 2013 08:00 AM Eastern Standard Time OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corporation (NYSE:DVN) today reported net earnings of $429 million or $1.06 per common share ($1.05 per diluted share) for the quarter ended [Read more]
Chevron Establishes Recoverable Resource in the Duvernay Shale Play
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the successful conclusion of the initial exploration phase by its Canadian subsidiary, Chevron Canada Limited, in the Kaybob area of the Duvernay play, located in west-central Alberta, Canada. “This discovery creates a foundation for future growth in Canada.” Chevron Canada Limited successfully concluded the initial twelve well exploration drilling program in the liquids-rich portion of the Duvernay shale play. [Read more]