Contango Oil & Gas (ticker: MCF) announced “the discovery and successful completion” of a well located in Weston County, Wyoming, according to a company press release. The Elliott #1H well (80% working interest) is the first to be drilled by Contango in the Muddy Sandstone formation of its North Cheyenne Prospect Area. Initially intended to be a vertical well drilled
Story by Travel Weekly Carnival Corp. has inked a deal with the Meyer Werft shipyard for four megaships, each with a maximum capacity of 6,600 passengers, that will be the first vessels in the industry to be powered by liquefied natural gas (LNG). The company said that two of the ships will sail for German line Aida Cruises and did
Four new discoveries could generate 200 MBOPD Petroleos Mexicanos (PEMEX) announced last week that the company made its largest discovery in the last five years. The four offshore finds are located in the southern Gulf of Mexico, in an area known as Litoral of Tabasco, according to a press release from PEMEX. The finds are located near the company’s most
Teekay LNG adds to its fleet Teekay LNG Partnership (ticker: TGP) announced today that it has entered into a 13-year time-charter contract with BP Shipping Limited (ticker: BP) for one LNG carrier, with an option exercisable by BP by the end of the third quarter of 2015 for a second LNG carrier under similar terms. The ships will provide capacity
Evolution Petroleum Corporation (NYSE MKT: EPM) announced today that it has put in place a limited oil price protection program for the months of July through December of 2015. The quantity hedged is 1,100 barrels of oil per day (BOPD), which represents approximately two-thirds of expected sales volume for this period. Half of the hedged quantities (550 BOPD) have a
Story by The Associated Press The U.S. Coast Guard detained several protesters in kayaks who formed a blockade Monday to try to stop Royal Dutch Shell’s drill rig as it left Seattle on its way to explore for oil in the Arctic Ocean. Several people were taken into custody, mostly for violating the safety zone around the vessel, Coast Guard
Story by The Independent The Belgian city of Antwerp has dedicated specific ‘text lanes’ similar to cycle lanes, for pedestrians who are glued to their mobile phones. The walkways, marked with white paint and the signage ‘text walking lane’, are designed to enable those on their phone texting to walk without disrupting regular pedestrians. The lines are reported by website
Crescent Point Energy Confirms June 2015 Dividend Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) confirms that the dividend to be paid on July 15, 2015, in respect of June 2015 production, for shareholders of record on June 30, 2015, will be CDN$0.23 per share. These dividends are designated as “eligible dividends” for Canadian income tax purposes.
Baytex Confirms Monthly Dividend for June at $0.10 Per Share and the Addition of A Premium Dividend™ Component to Its Dividend Reinvestment Plan Baytex Energy Corp. (“Baytex”) (TSX:BTE)(NYSE:BTE) reports that a cash dividend of $0.10 per common share in respect of June operations will be paid on July 15, 2015 to shareholders of record on June 30, 2015. The ex-dividend
Emirates National Oil Company (ENOC), a wholly owned entity of the Dubai government, will buy out Dragon Oil for $3.7 billion. Neither company has confirmed the announcement but several news outlets are reporting an agreement has been reached. ENOC already owns 54% of Dragon and will acquire the remaining interest for 750 pence per share – a premium of 47%
“Political differences do not strongly affect serious business”: European majors eye slate of upcoming opportunities Attendance at Russia’s St. Petersburg International Economic Forum is up from last year after many Western companies decided to back out of last year’s conference following Russia’s annexation of Crimea. “A week before the beginning of the forum we have 5,072 confirmed applications, which is
Contango Oil & Gas Company (NYSE MKT: MCF) (“Contango” or the “Company”) announced today the discovery and successful completion of the Elliott #1H well (80% WI) in the Muddy Sandstone formation in Weston County, Wyoming (N. Cheyenne Prospect Area). The well tested at a maximum 24 hour rate of 907 Boepd (98% Oil, 39 degree API) from a 6,601 foot
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