Friday, January 24, 2025

Cheniere Energy Raises $2.5bil for Corpus Christi Project in Two Separate Deals

Source: Cheniere Energy Press Releases Nov. 11… Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) announced today that it has entered into a Subscription Agreement with RRJ Capital II, Ltd. (“RRJ”) under which investment funds managed by RRJ will purchase, in aggregate, $1.0 billion of unsecured convertible PIK notes (the “Convertible Notes”) issued by Cheniere. RRJ will have the right to

Natural gas exports bill gets feds’ attention

Story by Fuel Fix A Republican senator working to accelerate natural gas exports on Thursday took a timeout to work with the Obama administration on the issue. The Senate Energy and Natural Resources Committee had planned to vote on North Dakota Sen. John Hoeven’s gas export bill Thursday afternoon. But Hoeven said he was pulling the bill from the agenda

Report: Halliburton in talks to buy Baker Hughes

Story by the Associated Press Halliburton Co. is in talks to buy rival oilfield-services provider Baker Hughes Inc., according to a published report. The Wall Street Journal, citing unidentified people, said on its website Thursday that talks were moving quickly and could result in a deal soon. No possible price was reported. At the start of trading Thursday, Baker Hughes’

Breitling Energy Corporation Reports Third Quarter 2014 Financial and Operating Results

Breitling Energy Corporation (BECC) (“Breitling” or the “Company”) announced today its results for the third quarter ended September 30, 2014. Third quarter 2014 highlights include: Total revenue from all sources increased by more than 55% over 2013 Sales of oil & natural gas increased by more than 60% year-over-year as Permian Basin and Kansas wells went online Drilling was completed

Brent Price Slips Below $80 Two Weeks before OPEC Meeting, EIA Cuts Forecasts by 18%

On November 27, the nation’s attention will descend on the heart of Texas for another classic NFL Thanksgiving matchup between the Dallas Cowboys and Philadelphia Eagles. Cheap seats on StubHub are currently selling for $150 and up. Also on Thanksgiving Day, but on the other side of the world, the oil industry’s attention will descend on Vienna, Italy, for the

Colorado Energy Overhaul Bill Achieves Final Passage, Heads to Governor Polis - Oil & Gas 360

Lawsuits are Already Underway in Illinois to Stop Oil & Gas Development

It didn’t take much longer than a cup of coffee before the lawsuits began to fly after Illinois completed its new oil and gas rules last week, which would have opened the door to new energy development that some business leaders called a coming boom. Landowners and an environmental activist organization are suing the governor of Illinois and the head

Alberta Clipper Pipeline Faces Opposition; Keystone XL Vote on Horizon

Enbridge Energy’s (ticker: ENB) Alberta Clipper pipeline (Line 67) is the focus of a new federal lawsuit, filed Tuesday. The pipeline, which runs from Edmonton, Alberta, to Superior, Minnesota, currently carries 450,000 BOD across the U.S.-Canadian border, but Enbridge would like to increase that capacity to 880,000 BOD, Bloomberg reports. A single-line volume increase of that size requires U.S. government

Evolution Petroleum Declares $0.10 Dividend per Share of Common Stock and Summarizes Impact of Delhi Field Reversionary Interest

Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a quarterly dividend of $0.10 per share of common stock and further elaborated on the impact of the Company earning its reversionary interest in the Delhi Field. Dividend A cash dividend of $0.10 per share of common stock will be paid on December 31, 2014 to common stockholders as of December 15,

Kurdish Iraq to Create Its Own Publicly Traded E&P

ISIS Loses Oil Production In the aftermath of last month’s U.S. air strikes that damaged the Islamic State’s (ISIS) captured oil field operations in Syria and Iraq, news outlets have reported that the attacks disrupted the group’s ability to make gasoline and diesel to power its military operations. More importantly, the damage to the field took away oil production it was using to