BOE Report

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]

Couche-Tard Sells its Lubricants Business in Europe

LAVAL, QC, Aug. 1st, 2015 /PRNewswire/ - Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B) announces today that it has signed, through its wholly-owned indirect subsidiary Couche-Tard Luxembourg S.A.R.L., an agreement to sell its lubricants business to FUCHS PETROLUB SE ("FUCHS"). The sale is through a share purchase agreement, pursuant to which FUCHS would acquire 100% of all issued and outstanding shares in Statoil Fuel & Retail Lubricants AB ("SFR Lubricants"). The deal, which is subject to [Read more]

Sunoco LP Completes Acquisition of Susser Holdings Corporation

HOUSTON, July 31, 2015 /PRNewswire/ -- Sunoco LP (NYSE: SUN) announced today that it has completed the acquisition of Susser Holdings Corporation (SHC) from ETP Holdco Corporation and Heritage Holdings, Inc., wholly owned subsidiaries of Energy Transfer Partners, L.P. (NYSE: ETP). The transaction is valued at approximately $1.93 billion. SUN paid $966.9 million in cash and issued ETP's subsidiaries approximately 21.98 million SUN units, valued at approximately $966.9 million.  In addition, there [Read more]

Total Assumes Operatorship of PRL 15

SINGAPORE and PORT MORESBY, Papua New Guinea, July 31, 2015 /PRNewswire/ -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC) and Total E&P PNG Limited have agreed that Total will become operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea from August 1, 2015. On February 27, 2015 InterOil announced that the PRL 15 Joint Venture, which is developing the Elk-Antelope gas discovery as the Papua LNG Project, had unanimously appointed Total as the operator, subject to an [Read more]