Tuesday, January 7, 2025

Energy Transfer Partners to Become Second-Largest MLP in $18 Billion Acquisition

Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP) announced plans for a definitive merger in a joint press release issued on January 26, 2015. The proposal consists of a unit-for-unit transaction with an implied value of approximately $18 billion, including the assumption of $6.8 billion in debt from RGP. Both Master Limited Partnerships (MLPs) are among the

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

Oil Prices may have Found the Bottom – OPEC Secretary General

OPEC Secretary General al-Badri says oil prices may have found the floor, but warns of future spikes Abdulla al-Badri, Secretary General of OPEC, thinks oil prices have reached their bottom and may start rising soon. He warned that under-investment now could lead to future supply shortages and bring the price of oil to $200 per barrel. “Now the prices are

Egypt awards $2.2 billion LNG tender to four foreign firms – state gas board

Story by Reuters: Egypt’s state gas board has awarded a $2.2 billion (1.5 billion pounds) tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy sources. Declining production and increasing consumption has turned the Arab world’s most populous country from an energy exporter to a

Sanchez Energy Corporation Commences Exchange Offer For Senior Notes Due 2023

HOUSTON, Jan. 23, 2015 /PRNewswire/ — Sanchez Energy Corporation (“Sanchez Energy” or, the “Company”) (NYSE: SN) announced today that it has commenced an exchange offer of up to $1,150,000,000 million aggregate principal amount of its 6.125% Senior Notes due 2023 (the “New Notes”) that have been registered under the Securities Act of 1933, as amended (the “Act”), for an equal amount

Valero Energy Corporation Increases Regular Cash Dividend by 45 Percent

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $0.275 per share to $0.40 per share, effective with the quarterly dividend the Board has declared to be payable on March 3, 2015 to holders of record at the close of business on February