Friday, November 29, 2024

Ukraine Aims to Nearly Double Gas Transit Tariff

Ukrainian Energy Minister hopes to nearly double the tariff on gas transit in the country Ukrainian Minister of Energy and Coal, Vladimir Demchishin,  plans on using the upcoming March 20 meeting between Ukraine, Russia and the European Union to discuss increasing the transit tariff of Russian gas. Demchishin said: “The present-day rate is at $2.88 per 100km. While comparing the

Natural Gas Roundup for the Week Ended March 13, 2015

NATURAL GAS INVENTORY (Week Ended 3/13/15) Current: 1467 Bcf Actual Injection/(Withdrawal): (45) Bcf Economist Average Estimate: (48) Bcf Previous: 1,512 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to

Legacy Reserves Declares Preferred Distribution

Legacy Reserves LP Declares Preferred Distributions MIDLAND, Texas, March 19, 2015 (GLOBE NEWSWIRE) — Legacy Reserves LP (“Legacy”) (LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units of $0.166667 per unit

Egypt Signs Five-Year LNG Deal with Russia

Russia will supply 35 LNG shipments to Egypt starting later this year The Egyptian Natural Gas Holding Company (EGAS) has signed a five-year contract with Russia’s state-owned Gazprom (ticker: OGZPY) for the supply of liquefied natural gas (LNG). The contract stipulates the supply of 35 LNG shipments, or seven shipments per year for five years, according to Egypt’s Ministry of

Market Conditions Affect Latest BOEM Lease Sale

Lease Sale 235 Generates Less than Half of Previous Sales in the Central GOM The Bureau of Ocean Energy Management (BOEM), an energy arm of the Department of the Interior, concluded its Lease Sale 235 in the Central Gulf of Mexico (GoM) on March 18, 2015. The sale is the BOEM’s first of the year and sold approximately 923,700 acres,

US Energy vs. Russia

Tax Revenues Falling Along with Oil Prices

States generating less income from oil and natural gas The decline in oil prices in since June of last year has reduced oil and natural gas production tax revenues in some of the largest oil and natural gas production states, according to the Energy Information Administration (EIA). Texas, North Dakota, Alaska and Oklahoma – four of the five top oil

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

Delphi Reports 2014 Results

Delphi Energy Reports 2014 Year End Results CALGARY, ALBERTA–(Marketwired – Mar 18, 2015) – Delphi Energy Corp. (“Delphi” or the “Company”) (DEE.TO) is pleased to announce its financial and operational results for the year ended December 31, 2014. 2014 Highlights Produced an average of 10,549 barrels of oil equivalent per day (“boe/d”) in 2014, up 28 percent from the average

Buckeye Partners Announces Open Season on Pipeline

Buckeye Partners, L.P. Announces Open Season for Cross Town Pipeline Project HOUSTON, March 19, 2015 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (BPL) announced today that one of its operating subsidiaries, NORCO Pipe Line Company, LLC (“NORCO”), launched a binding open season to solicit commitments for its Cross Town Pipeline Project (the “Project”). Once complete, the Project will permit NORCO