U.S. uses expanded version of sanctions on Yuzhno-Kirinskoye Field The U.S. expanded its sanctions against Russia today, announcing that it would be adding the Yuzhno-Kirinskoye Field in the Sea of Okhotsk, to the Entity List maintatined in the Export Administration Regulations, 15 C.F.R. Parts 730-774 (EAR). As a result of the decision, the exportation, reexportation, or in-country transfer to this
SEC NEWS RELEASE The Securities and Exchange Commission today announced charges alleging that Miller Energy Resources Inc., its former chief financial officer, and its current chief operating officer inflated values of oil and gas properties, resulting in fraudulent financial reports for the Tennessee-based company. The audit team leader at the company’s former independent auditor also was charged in the matter.
Two Wild Cards, Two Steps to Rebalance (NOTE: Part One of this two-part analysis was published yesterday and can be accessed here.) Wild Card No. 1: Iran Iran is the loudest blender of the oil market margarita. The EU used to be the first trading partner of Iran, but due to the sanctions regime, China, the UAE and Turkey are now Iran’s main
Story by the Canadian Press A natural gas pipeline that extends from northeastern British Columbia to the Chicago area has been shut while its operator disposes of dangerous hydrogen sulphide gas that got into the system. Alliance Pipeline said it expects its mainline to be closed for an “indeterminate amount of time” as it deals with the gas. The company
The Mexican government announced changes to the requirements for offshore The Mexican government announced that the second round of offshore bids to be held in 77 years in the Gulf of Mexico will be different of those in the first round, which only saw two of the fourteen blocks offered auctioned off. The second auction, due to take place September
Iran deal divisive among Congressional democrats Senator Chuck Schumer (D-NY), the most influential Jewish voice in Congress, announced Thursday that he would oppose the Iran nuclear deal. Schumer is the ranking member on the Committee on Rules and Administration, as well as a member of the Senate Judiciary Committee, Senate Finance Committee, and the Banking, Housing and Urban Affairs Committee.
Story by the Associated Press U.S. consumer borrowing hit another record in June, good news for the American economy. Americans piled on another $20.7 billion in debt in June, bringing total consumer borrowing to a record $3.42 trillion, the Federal Reserve reported Friday. In June, borrowing in the category that includes auto and student loans rose by $15.2 billion. Borrowing
Grand Rapids Contributes Portion of Diluent Pipeline to Keyera Joint Venture TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced that the Grand Rapids Pipeline Limited Partnership (Grand Rapids) has entered into an agreement to contribute the southernmost portion of the 20-inch diluent Grand Rapids Pipeline into a 50/50 joint venture with Keyera Corp. (TSX:KEY). The 45-kilometre (28-mile) pipeline
TASS News Release United States extended its sanctions against the Russian economy to Yuzhno-Kirinskoe oil and gas field in the Sea of Okhotsk. According to the notice published on Friday in the Federal Register by the US Industry and Security Bureau (BIS), the field will be under sanctions in export regulation. The publication said the US government has determined that exports,
Xtreme Drilling and Coil Services Reports Second Quarter 2015 Financial Results Xtreme Drilling and Coil Services Corp. (“Xtreme”, the “Company”) (TSX:XDC)announce second quarter 2015 financial and operating results. It is anticipated that filing will take place on SEDAR of unaudited Consolidated Financial Statements and Notes to the unaudited Consolidated Financial Statements as well as Management’s Discussion and Analysis for the
Crew Energy Inc. Announces Second Quarter 2015 Financial and Operating Results Crew Energy Inc. (TSX:CR) of Calgary, Alberta (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three and six month period ended June 30, 2015. Our Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and six
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the “Company” or “Magnum Hunter”) announced today that the Board of Directors has appointed Keith Yankowsky as Executive Vice President and Chief Operating Officer effective September 1, 2015. Mr. Yankowsky, age 50, will report directly to Gary C. Evans, Chairman and Chief Executive Officer of Magnum
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