BOE Report

Bechtel Wins FEED Contract for the First Floating LNG Facility in the United States

HOUSTON, Aug. 4, 2015 /PRNewswire/ -- Bechtel announced today it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corporation, to perform front-end engineering and design for the first U.S.-based floating liquefied natural gas vessel (FLNGV) to go into service at Port Delfin.  Port Delfin is a proposed deepwater port and floating LNG facility that will be located approximately 50 miles off the coastline of Cameron Parish, Louisiana. Delfin LNG's project [Read more]

Powell Industries Announces Fiscal 2015 Third Quarter Results

HOUSTON, Aug. 4, 2015 /PRNewswire/ -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced results for the fiscal 2015 third quarter ended June 30, 2015.   Revenues for the third quarter of fiscal 2015 were $176.7 million compared to revenues of $150.8 million for the third quarter of fiscal 2014. The Company reported net income for the third quarter of $7.0 million, or $0.60 [Read more]

NextDecade and SMBC join forces on Rio Grande LNG Project

THE WOODLANDS, Texas, Aug. 4, 2015 /PRNewswire/ -- Next Decade LLC (NextDecade) has engaged Sumitomo Mitsui Banking Corporation (SMBC) as Financial Advisor and Mandated Lead Arranger for its Rio Grande Liquefied Natural Gas (LNG) export project. Under the agreement, SMBC will be responsible for securing debt financing for the Project. SMBC has extensive experience in LNG projects, having advised and arranged financing for more than 20 liquefaction and 11 regasification projects around the world, [Read more]

Anadarko Declares Dividend

HOUSTON, Aug. 4, 2015 /PRNewswire/ -- The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) today declared a quarterly cash dividend on the company's common stock of 27 cents per share, payable Sept. 23, 2015, to stockholders of record at the close of business on Sept. 9, 2015. The amount of future dividends for Anadarko common stock will depend on earnings, financial condition, capital requirements and other factors. The Board of Directors will determine dividends on a quarterly [Read more]

East African Oil & Gas Market 2015-2025 Upstream Exploration & Development and Midstream Infrastructure Capex in Tanzania, Mozambique, Kenya, Uganda, with Special Focus on Rapidly Emerging Countries Ethiopia, South Sudan & Somalia

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]