BOE Report

Mozambican Gas Sector: Major Opportunities Across Multiple Industries

NEW YORK, Feb. 1, 2016 /PRNewswire/ --Mozambique's Potential to Become the Qatar of AfricaOffshore natural gas discoveries made in Mozambique since 2010 have propelled the country as a new investment destination in sub-Saharan Africa. By exploiting these resources, Mozambique could become the third-largest exporter of liquefied natural gas in the next decade. However, conditions need to be met before this change can happen and benefit the entire Mozambican population, thus avoiding the resource [Read more]

Iran Oil and Gas Market Insight and Outlook Report – Forecasts of Exploration, Production, Refinery, LNG, Storage, Pipeline Projects, Investments, Companies, Trade and Prices

NEW YORK, Feb.1, 2016 /PRNewswire/ -- Iran oil and gas market is experiencing major changes in new project development, consumption patterns and market scenario amidst rapidly shifting global dynamics. Declining US shale production, Iran sanction lift, Saudi Arabia plans to expand market share, LNG planned projects, lower than anticipated Chinese demand are all expected to significantly impact the refiners, LNG and storage operators, upstream and downstream companies. Accordingly, oil and gas [Read more]

Callon Petroleum Company Announces Fourth Quarter and Full-Year 2015 Earnings Release and Conference Call Schedule

NATCHEZ, Miss., Feb. 1, 2016 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) today announced that it will host a conference call on Thursday, March 3, 2016, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss fourth quarter and full-year financial and operating results. The Company plans to release fourth quarter and full-year 2015 results in addition to posting updated investor materials to its website after the close of markets on Wednesday, March 2, 2016. Please join Callon [Read more]

Talen Energy Completes Sale of Gas-Fired Power Plant in Pennsylvania

ALLENTOWN, Pa., Feb. 1, 2016 /PRNewswire/ -- Talen Energy Corporation (NYSE: TLN) completed on Monday (2/1) the sale of Talen Ironwood Holdings, LLC, which through its subsidiaries owns and operates the Ironwood combined-cycle, natural gas-fired power plant in Lebanon County, Pa., to a subsidiary of TransCanada Corporation (TSX, NYSE: TRP). The total purchase price, after estimated adjustments for net working capital, was $657 million. In connection with the transaction, Talen Energy repaid [Read more]

FirstEnergy Invested $171 Million in 2015 in the West Penn Power Service Area to Enhance Electric System

GREENSBURG, Pa., Feb. 1, 2016 /PRNewswire/ -- As part of its ongoing efforts to enhance its electric system, FirstEnergy Corp. (NYSE: FE) invested $171 million in 2015 in the West Penn Power service area on reliability infrastructure projects and other work, including building new transmission lines, new substations, and installing remote-control equipment to help reduce the number and duration of power outages. "Each year we undertake transmission and distribution projects that will help us [Read more]

Engine Oil Additives Market Estimated to Reach $11.9 Billion By 2020

HYDERABAD, India and MINNEAPOLIS, February 1, 2016 /PRNewswire/ -- According to the report "Engine Oil Additives Market Analysis - By Type (Anti-Oxidants, Detergents, Dispersants, Anti-Wear Additives, VI Improvers, Corrosion Inhibitors, Friction Modifiers, PPD); By Engine Type (Gasoline, Diesel, Natural Gas); By End User (Passenger Car, Commercial Vehicle, Motorcycle) - With Forecast (2015-2020)", published by IndustryARC, the engine oil additives market is estimated to reach $11.9 Billion by [Read more]

Cimarron Energy Acquires Diverse Energy Systems Assets

NORMAN, Okla., and HOUSTON, Feb. 1, 2016 /PRNewswire/ -- Cimarron Energy announced today that it has closed on the acquisition of substantially all of the assets of Diverse Energy Systems.  The integration of the business interests of Cimarron and Diverse and the combination of continuing employees from both organizations are part of Cimarron's strategic plan to create a single source supplier of production, processing, and environmental equipment and related services for U.S. customers in the [Read more]

Couche-Tard completes acquisition of Topaz in Ireland

LAVAL, QC, Feb. 1, 2016 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A ATD.B) confirms that it has closed the acquisition of Topaz Energy Group Ltd. in Ireland ("Topaz") as previously announced in December. The transaction has received the appropriate regulatory approvals and all final closing requirements have been completed. Topaz is the leading convenience and fuel retailer in Ireland, made up of 444 stations across the island of Ireland, including its recently [Read more]

Industry distress to fuel oil and gas transaction activity as crude price dives; says Ernst & Young

LONDON, Feb. 1, 2016 /PRNewswire/ -- More oil and gas companies are expected to succumb to stress in the sector, which will drive transactions in 2016, after global deal volume and value fell short of expectations in 2015, dropping by 33% and 17% respectively year-on-year. EY's Global oil and gas transactions review 2015 finds that deal volume was down in nearly all sub-sectors in 2015 compared to 2014, most notably in oilfield services (OFS), where deal activity decreased by almost 40% from [Read more]

Dominion Resources, Questar Corporation to Combine

RICHMOND, Va., Feb. 1, 2016 /PRNewswire/ -- Dominion Resources, Inc. (NYSE: D) and Questar Corporation (NYSE: STR) today announced an agreement for the companies to combine, in an all-cash transaction in which Dominion has agreed to pay Questar shareholders $25 per share – about $4.4 billion – and assume Questar's outstanding debt. The transaction would be accretive to Dominion upon closing – expected by year-end 2016 – with limited impact on the company's balance sheet. Dominion intends to [Read more]