BOE Report

Brightstock Alternatives Will Gain Ground as the Market Anticipates a Deficit of over 6.0 KBD, Finds Kline

PARSIPPANY, N.J., March 7, 2016 /PRNewswire/ -- The brightstocks market faces dwindling Group I supplies. In its recently published report, The Global Business Outlook for Brightstocks, global market research and management consulting firm Kline estimates that, even with limited new capacity additions, the market will experience a potential deficit of at least 6.0 KBD by 2025. Although there will be loss in demand for brightstocks from automotive engine oils due to the shift towards multigrade [Read more]

Global Compressor Oil Market CAGR Growth of 5.32% by 2019 – Trends, Technologies & Opportunities Report 2015-2019 – Key Vendors: CNPC, Exxon Mobile, BP

DUBLIN, March 7, 2016 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/2gxkwp/global_compressor) has announced the addition of the "Global Compressor Oil Market 2015-2019" report to their offering. This comprehensive report predicts that the global compressor oil market will grow with a CAGR of 5.32%, in terms of revenue, over the 2015-2019 period. Commenting on the report, an analyst from the team said: We expect the compressor oil market to grow during the [Read more]

United Wind Closes $8M in Series B Funding

BROOKLYN, N.Y., March 7, 2016 /PRNewswire/ -- United Wind, a leading provider of distributed wind energy solutions, announced today that it has closed an $8M Series B financing led by Statoil Energy Ventures and Forum Equity Partners. This financing enables United Wind to offer its unique, industry-leading WindLease program to new markets, empowering more customers throughout the Midwestern U.S. and beyond to save on electricity costs by harvesting their on-site wind energy through a fixed rate, [Read more]

Baker Hughes Announces February 2016 Rig Counts

HOUSTON, March 7, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2016 was 1,018, down 27 from the 1,045 counted in January 2016, and down 257 from the 1,275 counted in February 2015. The international offshore rig count for February 2016 was 225, down 17 from the 242 counted in January 2016, and down 99 from the 324 counted in February 2015. The average U.S. rig count for February 2016 was 532, down 122 from the 654 [Read more]

Sasol Earnings Resilient Despite Oil, Chemical Prices Decline

JOHANNESBURG, March 7, 2016 /PRNewswire/ --   Strong operational performance across most of the value chain  Secunda Synfuels Operations production volumes up 3%  4% increase in total liquid fuels production volumes in our Energy Business  Normalised cash fixed costs down 8,4% in real terms  Headline earnings per share down 24% to R24,28 despite a 47% decline in oil price  Business Performance Enhancement Programme delivered sustainable actual cost savings of R3,1bn and updated target [Read more]

Ecopetrol Group Announces Its Results for the Fourth Quarter of 2015 and the Year Ended December 31, 2015[1]

BOGOTA, Colombia, March 6, 2016 /PRNewswire/ -- Amid a challenging environment, the Corporate Group's production reached 761 mboed, a 5 mboed increase compared with 2014. Annual savings of COP$2.8 trillion help mitigate the impact of falling prices. Refining Margin increased by 16% in 2015 vs 2014 In line with the industry trend, the lower oil prices and impairments (accounting adjustment under IFRS) led to the recording of a net loss of COP$3.9 trillion pesos in 2015. Without impairments, [Read more]

Atlas Resource Partners Files 2015 Annual Report

FORT WORTH, Texas, March 4, 2016 /PRNewswire/ -- Atlas Resource Partners, L.P. (NYSE: ARP) ("ARP" or "the Company") announced today the filing of its 10-K for the year ended December 31, 2015 with the Securities and Exchange Commission (SEC). An electronic copy of the report is available on the 'Annual Reports and Proxy Statements' page in the Investor Relations section of the Company's website, www.atlasresourcepartners.com. Atlas Resource Partners unitholders and other interested investors [Read more]

ArcLight Capital Partners and Freepoint Commodities Announce Appointment of Darius Sweet as Chief Executive Officer of Limetree Bay Terminals, LLC

BOSTON, March 4, 2016 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight") and Freepoint Commodities LLC ("Freepoint") announced today that Limetree Bay Terminals, LLC ("LB Terminals") has appointed Darius Sweet as Chief Executive Officer. ArcLight, through an affiliate, manages and owns an 80% interest in LB Terminals; Freepoint owns a 20% interest in LB Terminals. LB Terminals recently purchased the assets of Hovensa's St. Croix facility consisting of approximately 32 million barrels [Read more]

Callon Petroleum Declares Series A Preferred Dividend

NATCHEZ, Miss., March 4, 2016 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that it has declared a cash dividend of $1.25 per share, on its 10.0% Series A Cumulative Preferred Stock ("Series A Preferred Stock").  The dividend will be paid on March 31, 2016 to stockholders of record as of March 15, 2016.  The Series A Preferred Stock is currently listed on the New York Stock Exchange under the symbol "CPE.A." Callon is an independent energy [Read more]

Lubricants Market Worth 166.59 Billion USD by 2021

PUNE, India, March 4, 2016 /PRNewswire/ -- The report "Lubricants Market by Type (Mineral Oil, Synthetic Lubricants, Bio-Based, and Greases), by Application (Transportation and Industrial Machinery & Equipment), and by Region (APAC, EU, NA, MEA, AND SA) - Global Forecast to 2021", published by MarketsandMarkets, The market is estimated to have accounted for USD 144.45 Billion in 2015 and is projected to reach USD 166.59 Billion by 2021, registering a CAGR of 2.4% between 2016 and 2021.      [Read more]