Yes, you read that correctly A group of the world’s largest oil companies is calling for the United Nations to issue a carbon tax on hydrocarbon development. All based in Europe, the six chief executives who were signatories to the letter to the United Nations are: BG Group (ticker: BG), BP plc (ticker: BP), Eni Corp. (ticker: E), Royal Dutch
A recent survey showed nearly half of U.S. private equity investors are looking to invest in oil and gas A new survey done by Reuters released this week shows that almost half of U.S. investors in private equity firms are planning on putting cash into oil and gas assets over the next three years in order to take advantage of
Enerplus Continues Strong Operational Performance – Updates 2015 Production and Capital Spending Guidance Enerplus Corporation (“Enerplus”) (ERF) (ERF) is announcing an increase to its production guidance and capital spending in 2015. Year to date, we have been producing at the high end of our guidance range while maintaining cost discipline. Additionally, we have decided to accelerate the completion of eight
EV Energy Partners Announces Closing of Utica East Ohio Divestment for $575 Million EV Energy Partners, L.P. (EVEP) today announced it has closed the previously announced sale of its entire 21 percent interest in Utica East Ohio Midstream L.L.C., (UEO), to Utica Gas Services, L.L.C., a subsidiary of Williams Partners L.P. (WPZ), and M3 Ohio Gathering LLC, for total cash
Six Straight Weeks of Decline The Department of Energy reported a draw of (6,812) MBO from United States crude oil inventories for the week ended June 5, 2015, marking the largest draw of the year and the most since the week ended July 11, 2014. Inventories have now declined for six straight weeks, and amount of stored oil has dropped
The Clean Power Plan could dramatically alter coal production, particularly in the West The Clean Power Plan, passed on June 2, 2014, is aimed at lowering carbon emissions by 30% by 2030 from power plants, many of them coal-fired. While it only accounts for 37% of all energy in the U.S., coal is responsible for 75% of carbon emissions, making
Bill Barrett Corporation (the “Company”) (BBG) announced today that it is increasing its 2015 capital program to expand and accelerate its extended reach lateral (“XRL”) drilling program in the Northeast (“NE”) Wattenberg area of the Denver-Julesburg (“DJ”) Basin and is establishing an initial 2016 production growth range. The increased activity will include adding a second rig in the NE Wattenberg
This is the closing of a deal first announced on April 6. Click here for the OAG360 feature article. Williams Partners L.P. (WPZ) today announced that its subsidiary Utica Gas Services has successfully completed the previously announced acquisition of approximately 13 percent of additional equity interest in Utica East Ohio Midstream LLC (UEO) from a subsidiary of EV Energy Partners,
Story by The New York Times President Obama has authorized the deployment of up to 450 more American troops to Iraq to train and assist the Iraqi forces battling the Islamic State, the White House announced on Wednesday, signaling a major shift of focus in the fight against the Sunni militant group. The United States forces will use Al Taqqadum,
Enerplus Corporation (“Enerplus”) (ERF) (ERF) is announcing an increase to its production guidance and capital spending in 2015. Year to date, we have been producing at the high end of our guidance range while maintaining cost discipline. Additionally, we have decided to accelerate the completion of eight North Dakota oil wells at a cost of $60 million. This activity is
Damaged pipeline calls for alternative oil transport solution An emergency request made by ExxonMobil (ticker: XOM) to use tanker trucks to haul crude oil following the rupture of an oil pipe carrying its crude from offshore has been denied by officials in California. Santa Barbara County’s Planning and Development director rejected Exxon’s emergency permit application, saying it did not meet
OPEC’s June Oil Market Report reiterates maintaining stable market share, letting growing demand and non-OPEC production cuts bring balance OPEC’s decision last November to maintain production in the face of global oversupply came as a shock to many who expected that the organization would defend prices like it had in the past. Prices tumbled, sending economic shockwaves around the globe,
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