Story by Fortune TOTE’s container ships will be the first of a wave to run on cleaner fuel. The North American ocean carrier TOTE is deploying the world’s first container ships fueled by liquefied natural gas (LNG). The move anticipates imminent environmental regulations that are likely to trigger large shifts in the maritime shipping industry. TOTE is making the move
Update: Energy Minister Wants to Maintain Monopoly Alexander Novak, the Energy Minister of the Russian Federation, came out in favor of continuing Gazprom’s monopoly of exporting pipeline natural gas on July 28, reports Russian news agency Tass. “We are focusing on maintaining a single export channel,” he said at a Chamber of Commerce meeting. A letter sent by Rosneft to
Second Half 2015 Projections: Revenue of $408 to $415 Million, Free Cash Flow of $110 Million Core Laboratories (ticker: CLB) reported net income of $34.6 million, or $0.81 per share, on revenues of $204 million in its Q2’15 earnings release issued on July 22, 2015. The net income is 10% greater than Q1’15 and is exceeded by its free cash
Pacific NorthWest LNG Project is forecast to create 4,500 jobs and up to $8.6 billion in tax and royalties The government of British Columbia approved the Liquefied Natural Gas Project Agreements Act yesterday after a special summer session. The bill gives the province authority to enter into LNG project agreements, reports CBC. With the bill passed, B.C. can now move
Crew Energy Inc. Announces Closing of Northeast BC Montney Petroleum and Natural Gas Rights Exchange With Province of British Columbia and Reports Positive Operational Results Crew Energy Inc. (TSX:CR) of Calgary, Alberta (“Crew” or the “Company”) is pleased to announce the completion of a Northeast British Columbia (“NE BC”) Montney petroleum and natural gas rights exchange with the Province of
Delphi Energy Announces Closing of Disposition of Wapiti Assets Delphi Energy Corp. (TSX:DEE) (“Delphi” or the “Company”) is pleased to report that it has closed the previously announced disposition of its working interests in producing properties, facilities and infrastructure and undeveloped land in the greater Wapiti area for $50.0 million, after closing adjustments. The Company’s growth over the past three
Eagle Energy Trust Announces Strategic Alberta Acquisition in the Twining Field Eagle Energy Trust (“Eagle“) (TSX:EGL.UN) is pleased to announce that it has entered into an agreement with a private company (“Privateco“) for the acquisition by Eagle of all the issued and outstanding shares of Privateco (the “Transaction“). The Transaction is valued at approximately $30 million, including Privateco’s indebtedness, and
WTI sub-$50 first time since April Oil prices closed below the $50 per barrel mark Wednesday for the first time since April. West Texas Intermediate finished the day at $49.19 per barrel on July 22, 2015. The last time prices were below the $50 mark was April 2 of this year, when WTI was $49.14 per barrel, according to information
Operators reducing operating expenses to match price downswing Natural gas production has continued to rise over the last nine years, steadily pushing down the price of natural gas at Henry Hub, and putting increasing pressure on companies’ cash margins. The above chart looks at five companies in the Marcellus, illustrating the downward trend in Henry Hub prices and cash margins
EQT Midstream Partners, LP (EQM) today announced that it has entered into a definitive agreement with Range Resources – Appalachia, LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development. The pipeline will provide greater than half a billion cubic feet per day of firm capacity and is backed by a
Exterran Holdings Press Release Exterran Holdings, Inc. (EXH) announced today that its previously announced record date of July 22, 2015 and distribution date of July 31, 2015 for the spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation will change. Exterran Holdings remains committed to closing the spin-off as soon as
Antelope Oil Tool (AOT), an industry leading designer, manufacturer and seller of patented casing and cementation equipment, has developed the CentraMax® PI1, an addition to the CentraMax® Series. The CentraMax® PI1 is used as an alternative solution to centralizer subs in close tolerance applications. The design allows for both reciprocation and rotation type applications, and is always pushed when installed
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
