Halcon Resources Corp., Houston, has filed voluntary petitions under Chapter 11 of the Bankruptcy Code to pursue a prepackaged plan of reorganization in which the firm would eliminate $1.8 billion in long-term debt and reduce annual interest expense by more than $200 million. Source: News
Statoil to buy 66% operated interest in license off Brazil for $2.5 billion
Statoil ASA has agreed to buy the 66% operated interest in the BM-S-8 offshore license in Brazil’s Santos basin held by Petroleo Brasileiro SA (Petrobras) for $2.5 billion. Source: News
ONRR to update civil penalty regulations for first time since 1999
The US Office of Natural Resources Revenue will update its civil penalties on Aug. 1 for the first time since May 1999, the US Department of the Interior agency reported. Legislation, legal decisions, and recommendations from oversight entities drove the need to modernize and improve its civil penalty authority, it said. Source: News
Williams gets FERC approval for eastern US expansions
Williams Partners LP has received approval from the US Federal Energy Regulatory Commission for both its New York Bay expansion and Virginia Southside II expansion projects. The New York Bay expansion is designed to serve increasing local distribution demand in New York City while the Virginia Southside II expansion targets new electric-power generation in Virginia. […]
Sibur boosts capacity at Western Siberian gas plant
Russian conglomerate PJSC Sibur Holding, Moscow, has completed a project to expand NGL fractionation capacity by 1.4 million tonnes/year at its Tobolsk (formerly Tobolsk-Neftekhim) processing site in Western Siberia’s Tyumen region. Source: News
29 Jul 2016 12:13:09 EDT – The latest stock information is now available for your stocks
XOM Last 88.51 Change –1.69 % Change 1.87% Volume 12,323,077 As of: 29 Jul 2016 12:13:09 EDT View: Stock Quote | News CVX Last 101.8964 Change +0.1064 % Change 0.1% Volume 4,603,461 As of: 29 Jul 2016 12:13:09 EDT View: Stock Quote | News COP Last 40.66 Change +0.40 % […]
Chevron records loss of $1.5 billion in second quarter
Chevron Corp. recorded a second-quarter loss of $1.5 billion compared with earnings of $571 million in second-quarter 2015. Source: News
ExxonMobil’s second-quarter earnings fall 59%
ExxonMobil Corp. reported second-quarter earnings of $1.7 billion, down from $4.2 billion in second-quarter 2015 due to lower commodity prices and weaker refining margins. First-half earnings totaled $3.5 billion, a decline from $9.13 billion in first-half 2015. Source: News
MARKET WATCH: NYMEX crude drops to nearly $41/bbl
The light, sweet crude oil price for September continued dropping on the New York market July 28 to settle at $41.14/bbl—the contract’s lowest front-month closing since Apr. 19. The contract has fallen in eight of the last nine trading sessions. Source: News
29 Jul 2016 11:05:55 EDT – The latest stock information is now available for your stocks
XOM Last 88.38 Change –1.82 % Change 2.02% Volume 10,224,857 As of: 29 Jul 2016 11:05:55 EDT View: Stock Quote | News CVX Last 101.7394 Change –0.0506 % Change 0.05% Volume 3,597,783 As of: 29 Jul 2016 11:05:55 EDT View: Stock Quote | News COP Last 40.3 Change +0.04 % […]