Tuesday, December 24, 2024

Phillips 66 Partners Taps New MLP COO

Phillips 66 Partners (stock ticker: PSXP) named Rosy Zuklic its VP and COO, effective January 1, 2019. Tom Liberti, current VP and COO of Phillips 66 Partners, has elected to retire at the end of the year, after 18 years. “Under Tom’s leadership, the partnership has significantly increased its scale and is on track to meet its five-year distribution target,”

World Bank to Issue the Financial Industry’s First ‘Blockchain Bond’

The World Bank and Commonwealth Bank of Australia bond, knows as the ‘Bondi,’ will go on sale later this month and aims to raise about $70 million From Asia Times The World Bank has mandated the Commonwealth Bank of Australia (CBA) to arrange the financial industry’s first “blockchain bond.” The bond, which will be known as the Blockchain Offered New

Icahn Cuts Stake in Cheniere Energy, Remains Confident in Management

From Reuters Activist investor Carl Icahn said on Thursday he had reduced his stake in liquefied natural gas exporter Cheniere Energy Inc (LNG.A) to 9.5 percent, but added that he was confident in the company’s management and Chief Executive Officer Jack Fusco. Icahn, still the biggest shareholder of the company, had disclosed bit.ly/2lHu2Km a stake of 13.8 percent in Cheniere

Keyera Corp. Offers $400 Million of Senior Unsecured Notes

Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has closed its previously announced offering of  $400 million of senior unsecured medium term notes (the “Offering”). The Offering was conducted in a single tranche consisting of $400 million senior unsecured medium term notes having a fixed coupon of 3.934% per annum, paid semi-annually, and maturing on June 21, 2028 (the “Notes”).

Tellurian Closes Common Stock Offering

Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that it has closed its previously announced public offering of 12,000,000 shares of common stock. Net proceeds from the offering, after deducting estimated fees and expenses, were approximately $115.1 million. Credit Suisse Securities (USA) LLC acted as sole book-running manager for the offering, and Stifel, Cowen and Company, LLC, Seaport

Frontera Energy Announces Pricing of $350 Million Senior Unsecured Notes

Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company”), announced today that it has successfully priced an offering of U.S.$350 million in senior unsecured notes due 2023 at a coupon rate of 9.70% (the “Notes”) pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, (the “Act”), with closing expected to occur on or

U.S. Gas Heads to Eastern Europe: Bulgaria Makes First U.S. Buy with Two LNG Cargoes - Oil & Gas 360

Cheniere Energy to Acquire Cheniere Partners; Charters an LNG Carrier

Cheniere Energy, Inc. (NYSE American: LNG) announced today that it has reached a definitive agreement to acquire all of the publicly-held shares of Cheniere Partners Holdings (NYSE American: CQH). Cheniere Partners Holdings shareholders will receive a fixed ratio of 0.475 Cheniere Energy shares for each outstanding publicly-held share. The transaction is currently valued at $30.93 per common share of Cheniere

Evolution Petroleum Acquires Assets from Bankrupt Enduro; Evolution CEO Randy Keys to Retire

Evolution Petroleum Corporation (ticker: EPM) will acquire certain oil and gas assets from an affiliate of Enduro Resource Partners LLC for a purchase price of $27.5 million. Evolution intends to fund the closing of this transaction primarily with cash on hand. According to Evolution, the agreement includes: A diversified package of producing properties in two primary areas: Permian Basin (approximately

OXY’s New Mexico Permian Wells Coming in with IP-30s of 3,100 BOEPD

Occidental Petroleum Corporation (ticker: OXY) reported a core income of $708 million for the first quarter of 2018, or $0.92 per diluted share. Total average daily production volumes were 609,000 BOE for the first quarter of 2018, compared to 621,000 BOE in the fourth quarter of 2017. Permian average daily production volumes improved from the prior quarter by 18,000 BOE,

Noble Earns $554 Million in Q1

Noble Energy, Inc. (ticker: NBL) started off 2018 by reporting first quarter net income of $554 million, or $1.14 per share. Adjusted net income and adjusted net income per share attributable to Noble for the quarter was $172 million, or $0.35 per share. The company has poured $671 million into its upstream operations, with 75% deployed to U.S. onshore plays