LONDON, August 4, 2015 /PRNewswire/ -- Visiongain's comprehensive new 262 page report reveals that the East African oil & gas market will see capex of $4.19bn in 2015, including spending on both upstream exploration & development (E&D) and midstream infrastructure. Market scope: East Africa is fast becoming one of the world's most interesting oil and gas hotspots. For many years the area was neglected by the world's oil and gas industry, and even in Africa it was overshadowed by the rapid [Read more]
Sempra Energy Reports Second-Quarter 2015 Earnings
SAN DIEGO, Aug. 4, 2015 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today reported second-quarter 2015 earnings of $295 million, or $1.17 per diluted share, compared with $269 million, or $1.08 per diluted share, in the second quarter 2014. Sempra Energy's second-quarter 2015 earnings included a $36 million after-tax gain on the sale of the second block of Sempra U.S. Gas & Power's Mesquite Power facility and $1 million after tax in liquefied natural gas (LNG) liquefaction development expenses. [Read more]
Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020 – EOR-Gaining Ground in Saudi Arabia
DUBLIN, Aug. 04, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/crqdp2/saudi_arabia) has announced the addition of the "Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020" report to their offering. The oilfield chemicals market in Saudi Arabia is projected to surpass USD960 million by 2020. Growth in the market is expected on account of rising oil & gas production, along with anticipated growth in the exploration of shale gas [Read more]
Oando Energy Resources Announces Second Quarter 2015 Results
CALGARY, Alberta, Aug. 4, 2015 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced financial and operating results for the three and six months ended June 30, 2015. The unaudited consolidated financial statements, notes and management's discussion and analysis pertaining to the period are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at [Read more]
CenterPoint Energy files to change natural gas distribution rates for customers in Minnesota
MINNEAPOLIS, Aug. 3, 2015 /PRNewswire/ -- CenterPoint Energy (NYSE: CNP) today filed an application with the Minnesota Public Utilities Commission (MPUC) to change the company's natural gas distribution rates. If approved, the new rates would generate approximately $54 million or 6 percent in additional revenue on an annual basis. The effect on individual monthly bills will vary depending on natural gas use. If approved, the net impact of the new rates will increase the average residential [Read more]
MRC Global Announces Second Quarter 2015 Results
HOUSTON, Aug. 3, 2015 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy industry, today announced second quarter 2015 results. The company's sales were $1.198 billion for the second quarter of 2015, which were 20% lower than the second quarter of 2014 and 7.3% lower than the first quarter of 2015. The decline was driven primarily by reduced activity in the upstream [Read more]
Team Oil Tools Acquires Odessa Packer Services
THE WOODLANDS, Texas, Aug. 3, 2015 /PRNewswire/ -- Team Oil Tools, LP ("Team") announced today that it has acquired all the outstanding shares of Odessa Packer Services, Inc. ("Odessa" or "OPS"). Founded in 1982, Odessa is a leading oilfield packer and downhole tool service company focused on the Permian Basin market. OPS is based in Odessa, Texas, and provides packers, equipment rental and related services. Team is focused on the design, manufacture, sale and service of downhole completion [Read more]
American Energy Partners, LP Announces The Hiring Of Elliot J. Chambers As The Chief Financial Officer Of American Energy – Woodford, LLC, American Energy – Minerals, LLC And American Energy – NonOp, LLC
OKLAHOMA CITY, Aug. 3, 2015 /PRNewswire/ -- American Energy Partners, LP (AELP) today announced that on August 24, 2015, Elliot J. Chambers will join AELP as the Chief Financial Officer (CFO) of its affiliates American Energy – Woodford, LLC (AEW), American Energy – Minerals, LLC (AEMN) and American Energy – NonOp, LLC (AENO). Chambers, 42, is replacing as CFO of AEW and AEMN, Jennifer M. Grigsby, who recently transferred to Ascent Resources, LLC as its CFO. Chambers previously worked for [Read more]
VAALCO Energy Appoints Steven Pully As New Director
HOUSTON, Aug. 3, 2015 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) announced today the appointment of Steven J. Pully to the Company's Board of Directors, effective July 31, 2015. Mr. Pully will stand for re-election at the Company's 2016 Annual Meeting of Shareholders. Mr. Pully has over 25 years of experience in capital markets, finance, investing and legal matters. He also has extensive Board participation and leadership experience, having served in a variety of roles on twelve [Read more]
Columbia Pipeline Group Reports Second Quarter 2015 Earnings
HOUSTON, Aug. 3, 2015 /PRNewswire/ -- Columbia Pipeline Group, Inc. (NYSE: CPGX) reported net operating earnings from continuing operations (non-GAAP) of $61.2 million for the three months ended June 30, 2015, compared with $59.4 million for the prior year period. Operating earnings (non-GAAP) for the second quarter were $109.1 million compared to $103.9 million for the prior year period. For the quarter, Adjusted EBITDA (non-GAAP) was $138.6 million compared to $126.6 million in 2014. [Read more]
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