BOE Report

Pine Brook And Riverstone Co-Lead $600 Million Line Of Equity Investment For Admiral Permian Resources, LLC

NEW YORK and MIDLAND, Texas, March 9, 2017 /PRNewswire/ -- Admiral Permian Resources, LLC, ("Admiral" or "the Company") today announced it has secured a $600 million line of equity investment co-led by Pine Brook and Riverstone Holdings ("Riverstone"). Admiral is a newly-formed exploration and production ("E&P") company focused on the acquisition and development of oil and gas properties in the Permian Basin. Headquartered in Midland, Texas, Admiral is led by Chief Executive Officer [Read more]

Stone Energy Corporation Announces Listing Of Warrants On NYSE MKT Under Ticker “SGYWS”

LAFAYETTE, La., March 9, 2017 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) ("Stone" or the "Company") today announced that the Company received approval to list its warrants with the CUSIP number 861642 114 (the "Warrants") on the NYSE MKT under the ticker symbol "SGYWS", with trading expected to commence on March 10, 2017. As previously disclosed, the Warrants were issued to holders of Stone's pre-emergence common stock upon the Company's emergence from chapter 11 reorganization in [Read more]

Global Carbon Capture and Storage Market 2017-2021

NEW YORK, March 9, 2017 /PRNewswire/ -- About carbon capture and storageThe use of CCS technology is one of the novel ideas that help reduce the amount of CO? released into the atmosphere by fossil fuel-dependent industries such as power generation and oil and gas processing. The basic functioning of the CCS technology includes capturing the CO? before its release into the atmosphere and then transporting and storing it in an environmentally safe location. Technavio's analysts forecast the [Read more]

Royal Dutch Shell plc: Shell Divests Oil Sands Interests in Canada for net Consideration of $7.25 Billion

THE HAGUE, Netherlands, March 9, 2017 /PRNewswire/ -- Royal Dutch Shell plc today announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources ("Shell")- which are detailed in this announcement - that will see Shell sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60 percent to 10 percent. Shell will remain as operator of AOSP's Scotford upgrader and [Read more]

Royal Dutch Shell plc: Directorate Change

LONDON, March 9, 2017 /PRNewswire/ -- Royal Dutch Shell plc (the "Company") (NYSE: RDS.A) (NYSE: RDS.B)  announces its intention to propose to the 2017 Annual General Meeting that Catherine Hughes and Roberto Setubal be appointed Non-executive Directors of the Company with effect from June 1, 2017 and October 1, 2017 respectively.  Patricia Woertz, appointed a Non-executive Director of the Company in 2014, has notified the Company of her intention to retire and not seek reappointment at the [Read more]

Genie Energy Ltd. Reports Fourth Quarter and Full Year 2016 Results

NEWARK, N.J., March 8, 2017 /PRNewswire/ -- Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported fourth quarter 2016 revenue of $51.5 million and a net loss attributable to common stockholders of $1.2 million -- $0.05 per basic and diluted share.  For the full year 2016, Genie Energy reported revenue of $212.1 million and a net loss attributable to common stockholders of $26.0 million -- $1.14 per basic and diluted share. HIGHLIGHTS Genie Energy's Board of Directors [Read more]

Vermilion Energy Inc. Announces the Pricing of its Senior Unsecured Notes Offering

CALGARY, March 6, 2017 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) announces the pricing of its previously announced private offering of up to US$300 million of 8 year senior unsecured notes (New Notes).  The New Notes will be issued in the aggregate principal amount of US$300 million due March 15, 2025 and have a fixed coupon of 5.625% per annum, to be paid semi-annually.  The offering is expected to close on or about March 13, 2017.  The company intends to use the net [Read more]

Stone Energy Corporation Announces the Recordation of Second Lien Mortgages

LAFAYETTE, La., March 6, 2017 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) ("Stone" or the "Company") today announced the recordation of mortgages required by the indenture (the "Indenture"), dated as of February 28, 2017, by and among the Company, Stone Energy Offshore, L.L.C. ("SEO"), as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee and collateral agent (the "Collateral Agent") that governs the Company's $225 million 7.50% senior second lien notes due 2022 [Read more]

Houston American Energy Announces Accelerated Target Date For Spudding Initial Well In Permian Basin

HOUSTON, March 6, 2017 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA) today announced that the target date for spudding an initial well on its recently acquired Permian Basin acreage has been moved up to the first week of May 2017.  Construction of the drilling surface location and frac pond is expected to commence during the month of March 2017. The company previously announced, in February 2017, completion of the acquisition of a 25% working interest in two lease blocks [Read more]

S&P Global Platts: OPEC Achieves 98.5% of Agreed Cuts

LONDON, March 6, 2017 /PRNewswire/ -- The 10 Organization of the Petroleum Exporting Countries (OPEC) members moved closer to full compliance with the landmark production cut agreement signed late last year, as output in the month fell from January levels to average 32.03 million barrels per day, according to an S&P Global Platts survey released today. In all, taking an average of January and February production, the 10 members obligated to reduce output under the deal have achieved 98.5% of [Read more]