BOE Report

Arc Logistics Partners LP to Acquire Four Refined Products Terminals in Pennsylvania From Gulf Oil

NEW YORK, Dec. 30, 2015 (GLOBE NEWSWIRE) -- Arc Logistics Partners LP (NYSE:ARCX) (“Arc Logistics” or the “Partnership”) announced today that it has entered into an agreement to acquire from Gulf Oil Limited Partnership (“Gulf Oil”), following the purchase of Gulf Oil by affiliates of ArcLight Capital Partners LLC (“ArcLight”), four refined products terminals (the “Terminals”) located in Altoona, Mechanicsburg, Dupont and South Williamsport, Pennsylvania. This acquisition, which will extend [Read more]

Lundin Petroleum completes the Ørnen exploration well on the Finnmark Platform in the southern Barents Sea

Stockholm, 2015-12-30 08:47 CET (GLOBE NEWSWIRE) --   Lundin Petroleum AB (Lundin Petroleum)  announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the drilling and evaluation of exploration well 7130/4-1 on the Ørnen prospect. The well is located in PL708, on the eastern parts of the Finnmark Platform in the southern Barents Sea. The well was dry and has been plugged and abandoned. The main target consisting of Upper Permian spiculites and carbonates [Read more]

Marine Propulsion Engines Market Size Worth USD 10.95 Billion By 2020 : Radiant Insights,Inc

San Francisco, Dec. 29, 2015 (GLOBE NEWSWIRE) -- The global Marine Propulsion Engines Market is expected to reach USD 10.95 billion by 2020. Significant modernization in marine propulsion as a direct consequence of increased demand for operationally dependable and financially efficient ships is expected to drive the marine propulsion engines market. The shipping industry has started to focus more on reducing fossil fuel consumption by developing electric motors which also help increase energy [Read more]

Legacy Reserves LP Declares Preferred Distributions

MIDLAND, Texas, Dec. 23, 2015 (GLOBE NEWSWIRE) -- Legacy Reserves LP (“Legacy”) (NASDAQ:LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units of $0.166667 per unit payable on January 15, 2016 to unitholders of record on January 4, 2016.  About Legacy Reserves LP Legacy [Read more]

North America Frac Sand, Inc. Acquisition Update

VANCOUVER, British Columbia, Dec. 17, 2015 (GLOBE NEWSWIRE) -- North America Frac Sand Inc. (“NAFS” or the “Company”) (OTCQB:NAFS) (www.NAFSINC.ca). On October 19, 2015 and on September 9, 2015 we announced the acquisition of North America Frac Sand (CA) Ltd. and its 30,000 acres of leases that are estimated to contain 6.4 million tonnes of recoverable reserves of frac sand, and potential reserves of at least 66 million tonnes. Although the Share Purchase Agreement refers to reserves, the [Read more]

Noble Energy Confirms Implementation of Israel’s Natural Gas Framework

Houston, Dec. 17, 2015 (GLOBE NEWSWIRE) -- Earlier today, Noble Energy, Inc. (“Noble Energy” or “The Company”) (NYSE: NBL) was notified that the Government of Israel acted to implement the Natural Gas Framework through execution of Section 52 of the Restrictive Trade Practices Act.  Execution of Section 52 resolves and provides exemption from claims of the Anti-trust Authority with respect to the Leviathan Joint Venture partners’ acquisition of petroleum rights in the underlying permits. [Read more]

Artificial Lift Systems Market Worth $29.61Bn By 2022

San Francisco, Dec. 17, 2015 (GLOBE NEWSWIRE) -- The global artificial lift systems market is expected to reach USD 29.61 billion by 2022, according to a new study by Grand View Research, Inc. The market is poised for steady growth owing to surge in technological advancements and innovations in order to provide efficient solutions. Recent developments reduce lifting costs through system components, which resists hostile environment, improve reliability, and optimize power usage. Industry [Read more]

Halcón Resources Announces Reverse Stock Split

HOUSTON, TEXAS, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced a one-for-five (1:5) reverse split of its issued and outstanding common stock. The one-for-five reverse stock split will be effective after the market closes on January 4, 2016 and Halcón’s common stock will begin trading on a split-adjusted basis when the market opens on January 5, 2016. The Company’s stockholders granted authority to the Board of Directors, [Read more]

SBM OFFSHORE COMPLETES US$800 MILLION FINANCING OF TURRITELLA

SCHIEDAM, Netherlands, Dec. 16, 2015 (GLOBE NEWSWIRE) -- The Company is pleased to announce that the Turritella joint venture led by SBM Offshore has completed the project financing of FPSO Turritella for a total of US$800 million. Project financing was secured by a consortium of twelve international banks with an average cost of debt of 3.5% over the ten year post-completion maturity.  FPSO Turritella is owned and operated by a joint venture owned by affiliated companies of SBM Offshore [Read more]

Worthington Industries Announces Second Quarter Earnings Conference Call

COLUMBUS, Ohio, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Worthington Industries, Inc. (NYSE:WOR) will hold its quarterly earnings conference call on Thursday, Dec. 17, 2015 at 10:30 a.m. Eastern Standard Time. The Company will discuss its second quarter results, which will be released after the market closes today, Dec. 16. A live audio webcast will be available at www.WorthingtonIndustries.com and will be archived for one year. A call replay will be available for those parties who are unable to [Read more]