BOE Report

Whitecap Resources Inc. Announces 27% Increase to 2015 Year End Reserves

CALGARY, Feb. 10, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to present the results of our independent 2015 year end oil and gas reserves evaluation prepared by McDaniel & Associates Consultants Ltd. ("McDaniels"). Since inception, Whitecap has been focused on acquiring high quality assets and further developing them to maximize return on capital for shareholders. In 2015, we invested approximately $1 billion (unaudited) into the development [Read more]

Canadian Oil Sands Limited Board and senior management appointments announced

CALGARY, Feb. 8, 2016 /PRNewswire/ - (TSX: COS) — Canadian Oil Sands Limited ("COS") today announced the new membership of the COS Board of Directors and senior leadership team.  Effective immediately, COS Board is now composed of the following individuals: Ernest F.H. (Harry) Roberts, Chair Maureen McCaw Mel Benson Steve Reynish Alister Cowan Effective immediately, COS senior leadership team is now composed of the following individuals: Sandy Martin, President and Chief Executive [Read more]

Chesapeake Energy Corporation Statement

OKLAHOMA CITY, Feb. 8, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) stated today that Kirkland & Ellis LLP has served as one of Chesapeake's counsel since 2010 and continues to advise the company as it seeks to further strengthen its balance sheet following its recent debt exchange. Chesapeake currently has no plans to pursue bankruptcy and is aggressively seeking to maximize value for all shareholders. Chesapeake Energy Corporation (NYSE:CHK) is the second-largest [Read more]

Venture Global Calcasieu Pass and Shell LNG North America Execute Twenty Year LNG Sales and Purchase Agreement

WASHINGTON, Feb. 8, 2016 /PRNewswire-USNewswire/ -- Venture Global LNG, Inc. ("Venture Global LNG") is pleased to announce that its subsidiary, Venture Global Calcasieu Pass, LLC ("Venture Global Calcasieu Pass"), has entered into a sales and purchase agreement ("SPA") with Shell NA LNG LLC ("Shell"), under which Shell has agreed to purchase one million tonnes per annum ("MTPA") of liquefied natural gas ("LNG") from Venture Global Calcasieu Pass's LNG export facility under development in Cameron [Read more]

Platts Report: China Oil Demand Contracts 0.8% Year over Year in December

SINGAPORE, Feb. 7, 2016 /PRNewswire/ -- China's apparent* oil demand contracted by 0.8% in December 2015 from a year earlier to 11.35 million barrels per day (b/d), according to a just-released Platts China Oil Analytics report on the latest Chinese government data. Refinery throughput in December averaged 10.84 million b/d, a record high volume, data from the country's National Bureau of Statistics (NBS) showed January 19. This was a 1.4% increase both year on year and month on month. Net [Read more]

Baker Hughes Announces January 2016 Rig Counts

 HOUSTON, Feb. 5, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, and down 213 from the 1,258 counted in January 2015. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the 314 counted in January 2015. The average U.S. rig count for January 2016 was 654, down 60 from the 714 counted [Read more]

Gastar Exploration Inc. Declares Monthly Cash Dividend on 8.625% Series A Preferred Stock and 10.75% Series B Preferred Stock

HOUSTON, Feb. 5, 2016 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") announced today that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock ("Series A Preferred Stock") and its 10.75% Series B Preferred Stock ("Series B Preferred Stock") for February 2016. The dividend on the Series A Preferred Stock is payable on February 29, 2016 to holders of record at the close of business on February 16, 2016.  The February 2016 dividend payment will be an [Read more]

North America TurboMachinery Market for Oil and Gas – Growth Trends and Forecasts (2015-2020)

LONDON, Feb. 4, 2016 /PRNewswire/ -- North America turbomachinery market for oil and gas industry is expected to reach $XX billion in 2020 from $3.4 billion in 2014. It is estimated that the market would grow at a CAGR of XX percent during this period.Turbomachinery often forms an important cog in the industry to attain efficiency and enhance productivity. They are extensively used in midstream and downstream 'oil & gas' industries than in upstream industries. Turbines and centrifugal [Read more]

Apache Declares Cash Dividend On Common Shares

HOUSTON, Feb. 4, 2016 /PRNewswire/ -- The board of directors of Apache Corporation (NYSE, Nasdaq: APA) has declared the regular cash dividend on the company's common shares. The dividend on common shares is payable May 23, 2016, to stockholders of record on April 22, 2016, at a rate of 25 cents per share. About Apache Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt and the United Kingdom. Apache posts announcements, [Read more]

Argentina’s Ongoing Oil Boom Drawing Attention From Majors

LONDON, February 4, 2016 /PRNewswire/ -- As Argentina's prized Vaca Muerta shale play promises to match North American production levels - but at regulated $68 prices - and supermajors line up for billion-dollar deals, the only junior with a strategic position on this scene has become the main attraction. Madalena Energy (CVE: MVN; OTCQX: MDLNF) has been oversold in the downturn, presenting an opportunity for big returns as some analysts reiterate a C$0.75 share price target--a tripling of [Read more]