Just doing things right may not be enough: legal experts discuss changes to SEC reporting expectations for energy companies and recent trends in EPA investigations and enforcement actions Haynes and Boone LLP’s Denver office hosted a seminar this week that featured a slate of high-powered presenters, some of whom had spent years as attorneys at the SEC and EPA before joining Haynes and
Signs point to Anadarko offer coming in well below what Apache would consider Anadarko Petroleum Corp. (ticker: APC) announced today that it will retract its unsolicited offer for an all-stock purchase of Apache Corp. (ticker: APA). Anadarko Chairman, President and CEO Al Walker said today that the offer was rejected, “and no discussion of substance occurred,” prompting APC to back
Houston, Nov. 11, 2015 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (SHLX) today announced the execution of a Contribution Agreement to acquire Pecten Midstream LLC, which owns Lockport Crude Terminal (Lockport) and Auger Pipeline System (Auger), for $390 million from Shell Pipeline Company LP, a wholly owned subsidiary of Royal Dutch Shell plc. The acquisition price reflects an approximate 8.6 times
Bridging the budget gap Lower commodity prices have hurt the economies of all of OPEC’s members considerably, with many of them needing to borrow money to bridge the budget gap. Libya, in particular, is expected to need large loans through the rest of the decade, with its borrowing as a percent of GDP reaching 68.15% this year, and an expectation
Raises Production Guidance for 2015 VAALCO Energy (ticker: EGY) reported average production volumes of 4,800 BOEPD in its Q3’15 results on November 9, 2015, marking a sequential increase of 6% from the prior quarter. The volumes surpassed the high end of guidance (4,700 BOEPD) and prompted EGY management to raise estimated 2015 averages to 4,400 to 4,700 BOEPD, up from
Exclusive Interview: what does the U.S. rejection of the Keystone XL pipeline mean for future cross-border projects? In this exclusive interview with Oil & Gas 360®, Tim McMillan, President and CEO of the Canadian Association of Petroleum Producers (CAPP), discusses potential aftereffects of the Obama administration’s decision last week to reject TransCanada’s (ticker: TRP) application to build the Keystone XL
MEXICO CITY, MEXICO–(Marketwired – Nov 11, 2015) – TransCanada Corporation (TRP)(TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tuxpan-Tula Pipeline in Mexico. Construction of the pipeline is supported by a 25-year natural gas transportation service contract with the Comisión Federal de Electricidad (CFE), Mexico’s state owned power company. “The Tuxpan-Tula Pipeline demonstrates our
From Reuters Dell Inc’s $67 billion offer to buy data storage company EMC Corp (EMC.N) could be derailed by a tax bill of up to $9 billion, technology news website Re/code reported on Tuesday, citing sources familiar with the matter. Certain key aspects of the deal, particularly a tracking stock, may not qualify for the sort of tax treatment the
Debt levels could increase to as much as 50% of GDP in five years Last week, the Saudi Arabian government was rumored to be creating a division specializing in monitoring government spending. Today, the Financial Times reports that OPEC’s chief producer will invest in international bond markets for the first time in its history. A senior official said the finalization
Short-term prices likely to remain low Both the Energy Information Administration (EIA) and International Energy Agency (IEA) released their most recent pricing outlooks for the energy markets today, giving a glimpse into what two of the most widely followed energy agencies see as the future of energy markets. The EIA’s Short Term Energy Outlook (STEO) forecasts prices out through 2016,
From The Wall Street Journal LONDON—U. K. natural-gas and electricity network operatorNational Grid PLC is seeking buyers for a majority stake of its domestic gas-distribution business to rebalance its portfolio and create extra value for shareholders. Analysts value the business, which comprises four of the U.K.’s eight regional distribution networks which deliver gas to around 10.9 million customers, at £10 billion
SAN ANTONIO – November 10, 2015 – Tesoro Corporation (NYSE:TSO, Tesoro) and Tesoro Logistics LP (TLLP) today announced that subsidiaries of Tesoro have agreed upon terms for the sale of crude oil and refined product storage and pipeline assets in Los Angeles, California (the “Los Angeles Refinery Storage and Handling Assets”) to TLLP for a total consideration of $500 million.
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