TULSA, Okla., Oct. 30, 2015 /PRNewswire/ -- New Gulf Resources, LLC (the "Company" or "NGR") announced today that it has hired Barclays as financial advisor and Baker Botts L.L.P. as legal advisor to advise the Company regarding all potential strategic alternatives to enhance liquidity and address the Company's capital structure. About New Gulf Resources, LLC New Gulf Resources, LLC (www.newgulfresources.com) is based in Tulsa, Oklahoma and owns, manages and operates upstream energy projects, [Read more]
California Consumers Drive Chevron To Record Refining Profits In First Nine Months, Says Consumer Watchdog
SANTA MONICA, Calif., Oct. 30, 2015 /PRNewswire-USNewswire/ -- Chevron today reported its highest U.S. refining profits for the first nine months of the year—a whopping $2.6 billion as compared to $1.7 billion for the same period last year. Since 54 percent of the company's refining takes place in California, California drivers paid the price, Consumer Watchdog said today. "Chevron's results reinforce the fact that our gasoline market is stacked against consumers by oil companies that routinely [Read more]
Apache Announces North Sea Discoveries With Estimated Net Reserves Of 50 Million To More Than 70 Million Barrels
HOUSTON, Oct. 30, 2015 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced significant discoveries on two exploration wells in the Beryl area of the U.K. North Sea. The company also drilled two significant development wells in the Beryl area, from which no reserves have been previously booked. Additionally, Apache announced a large discovery at its Seagull prospect, which lies approximately 50 miles south of the company's Forties Field, the largest oil field in the U.K. [Read more]
Cheniere Energy Partners LP Holdings, LLC Reports Third Quarter 2015 Results
HOUSTON, Oct. 30, 2015 /PRNewswire/ -- Cheniere Energy Partners LP Holdings, LLC ("Cheniere Partners Holdings") (NYSE MKT: CQH) reported net income of $4.6 million, or $0.02 per common share, for each of the three months ended September 30, 2015 and 2014. Cheniere Partners Holdings reported net income of $13.6 million, or $0.06 per common share for each of the nine months ended September 30, 2015 and 2014. Results include the distribution received from our limited partner interests in Cheniere [Read more]
Cheniere Energy Partners, L.P. Reports Third Quarter 2015 Results
HOUSTON, Oct. 30, 2015 /PRNewswire/ -- Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) reported a net loss of $24.1 million and $262.9 million for the three and nine months ended September 30, 2015, respectively, compared to a net loss of $43.2 million and $339.2 million for the same periods in 2014, respectively. Significant items for the three months ended September 30, 2015 resulted in a gain of $21.1 million and are related to derivative loss associated with the [Read more]
Sasol, Partners Awarded On- and Offshore Blocks in Mozambique’s 5th Licensing Bid Round
JOHANNESBURG, October 30, 2015 /PRNewswire/ -- Sasol has confirmed that two of its three applications in Mozambique's 5th Licensing Round were successful. Sasol (70% interest, operator) and Empresa Nacional de Hidrocarbonetos (ENH), the state oil company (30% carried interest), were awarded the onshore Area PT5-C, which is 3,012 square kilometres, adjacent to the Pande and Temane fields. Sasol's commitment to Mozambique began well over a decade ago, when the Pande/Temane natural gas project [Read more]
EV Energy Partners Announces Quarterly Cash Distribution and Schedules Third Quarter 2015 Earnings Release Conference Call on Monday, November 9, 2015 at 9:00 a.m. ET
HOUSTON, Oct. 29, 2015 /PRNewswire/ -- EV Energy Partners, L.P. (Nasdaq: EVEP) today announced a cash distribution attributable to the third quarter of 2015 of $0.50 per unit for all of its outstanding units. The distribution will be payable on November 13, 2015, to unit holders of record at the close of business on November 9, 2015. Additionally, EVEP announced plans to release third quarter 2015 results on Monday, November 9, 2015 prior to market open. In conjunction with the release, EV [Read more]
EOG Resources to Present at Upcoming Conferences
HOUSTON, Oct. 29, 2015 /PRNewswire/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) is scheduled to present at the Bank of America Merrill Lynch Global Energy Conference at 8:00 a.m. Central time (9:00 a.m. Eastern time) on Tuesday, November 10, 2015. William R. "Bill" Thomas, Chairman and Chief Executive Officer, will present on behalf of EOG. A replay of the webcast will be available until December 10, 2015. EOG is also scheduled to present at the Baird Industrial Conference at 8:00 a.m. Central [Read more]
Lonestar Resources, Ltd. Releases Quarterly Report For September 2015
FORT WORTH, Texas, Oct. 29, 2015 /PRNewswire/ -- Lonestar Resources, Ltd. (ASX:LNR, OTCQX: LNREF) is pleased to provide an update on its financial and operational results for the three months ended September 30, 2015 (3Q15). Third Quarter Highlights Lonestar Resources set a new production record, reporting a 42% increase in net oil and gas production to 6,614 BOEPD in 3Q15, vs. 4,669 BOEPD in 3Q14. Lonestar's 3Q15 sales volumes also represented a 14% sequential increase over 2Q15 production [Read more]
Corporate Giant ExxonMobil Sues Start-up, Nielsen Spirits, Over Roxx Vodka’s ‘Interlocking X’ Logo
LOS ANGELES, Oct. 29, 2015 /PRNewswire/ -- ExxonMobil, http://www.exxon.com/, the world's largest publicly traded oil and gasoline company, filed a lawsuit in the United States District Court for the Southern District of Florida against the two person start up Nielsen Spirits, Inc., the creator and owner of Roxx Vodka, a new Polish Ultra-Premium Vodka, www.facebook.com/smoothroxxvodka. The suit claims that consumers are likely to be confused by Roxx's logo and that the same logo will cause [Read more]
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