BOE Report

Expanded coal gas pre-drainage service capability announced by WellDog

BRISBANE, Australia, Dec. 18, 2015 /PRNewswire/ -- WellDog released today the third generation of its GasMapper coal gas assessment service, extending the successful service to use in the slim boreholes used widely by the coal mining industry. The service enables coal miners to reduce greenhouse gas emissions and increase mine safety by quickly and accurately identifying where carbon dioxide and methane occur in coal seams targeted for mining and how those gases can be drained safely and quickly [Read more]

Enerplus Announces Cash Dividend for January 2016

CALGARY, Dec. 18, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.03 per share will be payable on January 15, 2016 to all shareholders of record at the close of business on December 31, 2015. The ex-dividend date for this payment is December 29, 2015. The CDN$0.03 per share dividend is equivalent to approximately US$0.02 per share if converted using the current Canadian/US dollar exchange rate of 0.7158. The U.S. [Read more]

Platts JKM™ for January-Delivered LNG down 26.5% Year-Over-Year

SINGAPORE, Dec. 17, 2015 /PRNewswire/ -- Prices of spot liquefied natural gas (LNG) for delivery to northeast Asia averaged $7.397 per million British thermal units (/MMBtu) for January, according to latest Platts Japan/Korea Marker (Platts JKM™) data for month-ahead delivery. The figure reflects the daily JKM assessment published by Platts, a leading global energy, petrochemicals and metals information provider and a premier source of benchmark price references, between October 16 and [Read more]

New Gulf Resources Files Plan of Reorganization to Implement Financial Restructuring

TULSA, Okla., Dec. 17, 2015 /PRNewswire/ -- New Gulf Resources and certain subsidiaries ("NGR" or the "Company") today announced that they have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware, to facilitate a pre-arranged restructuring of their balance sheet through a collaborative reorganization plan.  The company has entered into a Restructuring Support Agreement ("RSA") with an ad hoc [Read more]

Fracking Scorecard: Despite Progress, 70 Percent of Oil & Gas Companies Still Fail to Adequately Disclose Risks to Investors

BOSTON, Dec. 17, 2015 /PRNewswire-USNewswire/ -- The 2015 edition of an annual investor scorecard ranking the 30 largest oil and gas companies engaged in hydraulic fracturing, or "fracking," finds improved risk disclosure by a few companies, even as 70 percent of the energy companies continue to get failing marks.    Available online at www.disclosingthefacts.org, the third annual Disclosing the Facts report from As You Sow, Boston Common Asset Management, and the Investor Environmental Health [Read more]

Madalena Comments on Relaxation of Currency Controls in Argentina

CALGARY, Alberta, Dec. 17, 2015 /PRNewswire/ -- Madalena Energy Inc. (TSX-V: MVN and OTCQX: MDLNF) (the "Company" or "Madalena") does not anticipate the Argentina government's recently announced relaxation of currency controls and a move to only one exchange rate to have a negative impact on Madalena's operations and overall business plan in Argentina. On November 23, 2015, the Argentine Republic elected a new center-right government. Based on the campaign platform it was largely expected that [Read more]

Madalena Comments on Relaxation of Currency Controls in Argentina

CALGARY, Dec. 17, 2015 /PRNewswire/ - Madalena Energy Inc. (TSX-V: MVN and OTCQX: MDLNF) (the "Company" or "Madalena") does not anticipate the Argentina government's recently announced relaxation of currency controls and a move to only one exchange rate to have a negative impact on Madalena's operations and overall business plan in Argentina. On November 23, 2015, the Argentine Republic elected a new center-right government. Based on the campaign platform it was largely expected that [Read more]

Vepica and BASIC Equipment Selected by Meridian Energy to Study North Dakota Refinery

HOUSTON, Dec. 17, 2015 /PRNewswire/ -- Vepica, a multinational engineering firm specializing in the energy industry, and Houston-based BASIC Equipment today announced that they have been selected by Irvine, California's Meridian Energy Group (Meridian) to perform a series of engineering studies to define the design basis, costs and schedule for the Davis Refinery, a high-conversion crude oil refinery to be constructed in Southwestern North Dakota, that will serve Bakken crude oil producers and [Read more]

BridgeTex Pipeline Launches Open Season for New Eaglebine Origin

TULSA, Okla. and HOUSTON, Dec. 17, 2015 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and Plains All American Pipeline, L.P. (NYSE: PAA) ("Plains") announced today that BridgeTex Pipeline Company, LLC ("BridgeTex"), owned 50/50 by Magellan and Plains, has launched an open season to assess customer interest in a new origin in Grimes County, Texas for the BridgeTex pipeline to accept Eaglebine crude oil and condensate shipments. The proposed new origin, to be located [Read more]

Industrial and Commercial Applications Fuel US Combined Heat and Power

MOUNTAIN VIEW, Calif., Dec. 17, 2015 /PRNewswire/ -- Combined heat and power (CHP) accounts for 8 percent of The United States' (US) electricity generation capacity, but 12 percent of its annual power generation. This reflects the longer operating hours of CHP plants compared to plants involved in conventional forms of power generation. In addition, as an efficient and clean method of generating electric power and thermal energy from a single fuel source, CHP is used in a broad range of sectors. [Read more]