BOE Report

Sinopec Achieves Stable Operation in 1H2015 Dividend Payout RMB10.9 Billion

BEIJING, Aug. 26, 2015 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company")(HKEX: 386) (SSE: 600028) (NYSE: SNP) today announced its interim results for the six months ended 30 June 2015. Financial Highlights: In accordance with China Accounting Standards for Business Enterprises ("ASBE"), the Company's operating profit of the Company was RMB 39.3 billion, representing a decrease of 12.4% over the same period of 2014. Net profit attributable to the equity [Read more]

Madalena Announces Q2 – 2015 Financial and Operational Results, Enhanced Financial Flexibility with Argentina Oil Incentives, Concession Renewal at Puesto Morales and Drilling Update

CALGARY, Alberta, Aug. 26, 2015 /PRNewswire/ -- Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce its financial and operating results for the three and six months ended June 30, 2015. Selected financial and operational information is outlined below and should be read in conjunction with Madalena's unaudited interim financial statements as at and for the three months ended June 30, 2015 and the related management's discussion and analysis, which [Read more]

Pacific Exploration & Production announces the Retirement of José Francisco Arata and Appointment of Mónica de Greiff to the Board of Directors

TORONTO, Aug. 26, 2015 /PRNewswire/ - Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today the retirement of Mr. José Francisco Arata as President and director of the Company effective immediately. Ronald Pantin, Chief Executive Officer of the Company, commented: "On behalf of the Company and the Board of Directors, I would like to extend our heartfelt thanks to José Francisco, who throughout the history of the Company has been a key member of management and one of its [Read more]

Lowering Costs and Enhancing Efficiency Program Achieved Remarkable Results

Steady Development with Solid Performance in 1H 2015 HONG KONG, Aug. 26, 2015 /PRNewswire/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its interim results for the six months ended June 30, 2015. In the first half of the year, the Company ensured spending in exploration in its core area offshore China, and prioritized mature areas and rolling areas to improve utilization of exploration resources. The Company made six new discoveries and drilled 21 [Read more]

Summit Midstream Announces Departure of Chief Operating Officer

THE WOODLANDS, Texas, Aug. 25, 2015 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its Chief Operating Officer, Rene Casadaban, will be leaving the company to pursue other interests.  Casadaban will continue his employment with the company until September 30, 2015 to help transition his duties. Steve Newby, President and Chief Executive Officer commented, "Since joining Summit in 2010, Rene has been an important contributor to the company's success. I would [Read more]

Panhandle Oil and Gas Inc. to Present at the Sidoti & Company Emerging Growth Conference September 2 in New York

OKLAHOMA CITY, Aug. 25, 2015 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) today announced that Michael Coffman, President and Chief Executive Officer, and Paul Blanchard, Sr. Vice President and Chief Operating Officer, will present at the Sidoti & Company LLC Emerging Growth Conference on Wednesday, Sept. 2, 2015, at the Marriott Marquis in New York.  Panhandle's presentation is scheduled to begin at 1:30 p.m. EDT. The presentation will be webcast live and may be accessed at the [Read more]

2015 Offshore Executive Conference Showcases the Most Active Gulf of Mexico Producers

HOUSTON, Aug. 25, 2015 /PRNewswire/ -- Oil prices are expected to have minimal direct impact on the Gulf of Mexico's crude oil production through next year. The U. S. Energy Information Administration forecasts 17 percent of total U.S. crude oil production in 2016 to come from the Gulf. Hart Energy's Offshore Executive Conference: Gulf of Mexico takes an in-depth look at how current and forecasted oil prices weigh into decision making for long-range projects, helping companies position [Read more]

Mexico Oil Reform to Take Center Stage at Deep Offshore Technology International

WOODLANDS, Texas, Aug. 25, 2015 /PRNewswire/ -- The bids for oil blocks in Mexico are ongoing and the need to advance new developments in the Gulf of Mexico has become the focus for this year's Deep Offshore Technology International Conference and Exhibition (DOT). Taking place from October 13 to 15 in the Woodlands, the exhibition will feature sessions crafted to address the current industry challenges. "PennWell is thrilled to bring together the leading experts to talk about the latest [Read more]

Global Demand for Base Oil Market to Reach 39,614 Kilo Tons by 2020 Fueled by Rapid Growth of Automotive Industry: Transparency Market Research

ALBANY, New York, August 25, 2015 /PRNewswire/ -- While the global demand for base oils is anticipated to rise by 2020, the value of the base oil market is likely to witness a slump, according to Transparency Market Research. In a report titled "Base Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2020", Transparency Market Research states that the demand for base oil was pegged at 36,614.3 kilo tons in 2014 and is anticipated to rise to 39,614.7 kilo tons [Read more]

CUI Global, Inc. Announces Experienced Oil & Gas Executive, Joseph A. Mills, to Join Board of Directors

TUALATIN, Ore., Aug. 25, 2015 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), today announced the appointment of Joseph A. Mills as an independent director of the company, effective immediately. Mr. Mills' appointment expands the Board to 7 directors, 5 of whom are independent directors. "Joe's 30+ years of broad experience across the energy value chain, from the Upstream, Midstream and mineral industries will add a valuable perspective to our Board of Directors," said William Clough, CUI [Read more]