BW Offshore: Contract extension for FPSO Umuroa

BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Umuroa. The FPSO is operating on the Tui field offshore New Zealand for Tamarind. The firm period has been extended to Q4 2019 (from Q4 2018). For further information, please contact: Knut R. Sæthre, CFO, +47 911 17 876 [Read More…]

Source: BOE Report

Deferred International Activity Affects Revenue Opportunities; Core Lab Updates Q2 2018 Guidance

AMSTERDAM, June 29, 2018 /PRNewswire/ — Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) (“Core”, “Core Lab”, or the “Company”) is announcing revised guidance from continuing operations for second quarter 2018 and initiating guidance for third quarter 2018.  Delays in the recovery of international field development activity are impacting and deferring revenue opportunities [Read More…]

Source: BOE Report

Canada Weekly Rig Count Up 12 to 172

Western Canada’s fleet of drilling rigs went up from 160 to 172 according to data collected by Baker Hughes for the week of June 29. From one week ago, Alberta rig counts increased from 103 to 112. Saskatchewan’s rig count increased from 39 to 41. Oil drilling went from 103 to 117; gas rigs went [Read More…]

Source: BOE Report

U.S. oil drillers cut rigs for 2nd week in a row

(Reuters) – U.S. energy companies this week cut oil rigs for a second straight week, and notched the first monthly fall since March. Drillers cut four oil rigs in the week to June 29, bringing the total count down to 858, General Electric Co’s Baker Hughes energy services firm said in its closely followed report [Read More…]

Source: BOE Report

West Texas Resources signs Joint Venture Agreement

FRISCO, Texas, June 29, 2018 (GLOBE NEWSWIRE) — West Texas Resources (“WTR” or the “Company”) (OTCBB:WTXR) announced today that the Company has agreed to a Joint Venture Agreement with Miller Oil Properties, Inc. and D-Mil Production, Inc. (“Miller Companies”). WTR will acquire certain non-operated working interests in properties which are currently owned by non-operating partners [Read More…]

Source: BOE Report

Enbridge: On track to put new Line 3 into service next year

MINNEAPOLIS – Fresh off approval by Minnesota regulators, the parent company of Enbridge Energy says it’s on track to finish construction and put its disputed Line 3 replacement pipeline into service in the second half of next year. The Minnesota Public Utilities Commission on Thursday determined the project is necessary and approved the company’s preferred [Read More…]

Source: BOE Report

Enbridge Inc: Up after Minnesota regulator approves rebuild of pipeline

** Shares of pipeline operator up 4.6 pct atC$45.90 after a Minnesota regulator approved rebuild of co'sLine 3 oil pipeline ** The clearance, heavily angering environmentalists, comeswith conditions including a financial guarantee to clean up anyenvironmental damage ** The real win came with the Route Permit decision – TudorPickering analysts say on ENB receiving approval [Read More…]

Source: BOE Report

Canada May producer prices up 1.0 pct on energy

Producer prices in Canada grew by 1.0 percent in May from April on higher prices for energy and petroleum products, Statistics Canada said on Friday. The increase followed an downwardly revised 0.4 percent gain in April. Raw materials prices grew by 3.8 percent in May and were up 15.1 percent on the year. INDUSTRIAL PRODUCT [Read More…]

Source: BOE Report

DNO ASA: Bondholders Meeting Approves Resolution

Oslo, 29 June 2018 – DNO ASA, the Norwegian oil and gas operator, today announced that a meeting of bondholders of the DNO01 bond issue (ISIN NO 0010740392) approved a resolution to align the covenant structure and terms of the DNO01 bond issue with DNO’s USD 400 million five-year senior unsecured bond issue (ISIN NO [Read More…]

Source: BOE Report

DowDuPont Announces New Members of Agriculture, Materials Science, and Specialty Products Divisions’ Advisory Committees

New Members Bring Relevant, Complementary Expertise to Continue Strong Progress Toward Separation MIDLAND, Mich. & WILMINGTON, Del.–(BUSINESS WIRE)–DowDuPont (NYSE: DWDP) today announced new members of the Agriculture, Materials Science, and Specialty Products Divisions’ Advisory Committees. Ed Breen, chief executive officer of DowDuPont, said, “The caliber of the individuals we have attracted to join the Advisory Committees for [Read More…]

Source: BOE Report

Ascent Resources, LLC Announces Multiple Utica Acquisitions And Successful Capital Raise

OKLAHOMA CITY, June 29, 2018 /PRNewswire/ — Ascent Resources, LLC (together with its subsidiaries, the “Company”) announced today that it has entered into definitive agreements to acquire certain natural gas and oil properties from Hess Corporation, CNX Resources, Utica Minerals Development, and a fourth undisclosed seller (together, the “Acquisitions”) for a combined purchase price of approximately [Read More…]

Source: BOE Report