MEG Energy Responds to Husky Energy’s Announcement of an Intention to Make an Unsolicited Offer

Shareholders Advised to Take No Action Pending Review of Offer CALGARY, Sept. 30, 2018 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Company”) acknowledges today's announcement by Husky Energy Inc. (“Husky”) that Husky intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of MEG. The MEG [Read More…]

Source: BOE Report

JA Solar Supplied All Modules for the First Large-scale Solar Power Plant in Bangladesh

BEIJING, Sept. 30, 2018 /CNW/ — JA Solar Holdings Co., Ltd., a world-leading manufacturer of high-performance photovoltaic products, announced that it had supplied all solar modules for Bangladesh’s first large-scale solar power plant with an installed capacity of 28 MW. The project is located in Teknaf and was successfully connected to the utility grid in [Read More…]

Source: BOE Report

How Much Spare Capacity Does Saudi Arabia Really Have?

Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive reserve of spare capacity located in the Saudi desert is the stuff of legend, taken as gospel in the world of oil. After all, Saudi Arabia is the only country in the world that can ramp up or down millions of barrels of production on short notice. And the Saudis have never let us down. But Saudi Arabia’s mythical spare capacity may finally be tested. Saudi officials insist that they can…

Mock you like a hurricane: “How about you drive a Prius, we’ll hold climate conferences in various tropical paradises, and we’ll let you know where you’re coming up short, ok?”

“Climate change is real, it is happening right now. It is the most urgent threat facing our entire species, and we need to work collectively together and stop procrastinating.” Leonardo DiCaprio “And there’s no question that there are contradictions. I just flew in from Japan. And flying is a very carbon-intensive activity…I contribute to putting [Read More…]

Source: BOE Report

CNOOC Limited Signs PSC with Empyrean

HONG KONG, Sept. 30, 2018 /CNW/ — CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Empyrean Energy PLC (Empyrean) for Block 29/11 in the South China Sea. Block 29/11 is located in Pearl [Read More…]

Source: BOE Report

Vestas receives 60 MW order in Canada

News release from Vestas-Canadian Wind TechnologyPortland, 29 September 2018 Vestas has received an order for 60 MW of V-136-3.45 turbines delivered in a mix of power modes including 3.6 Power Optimised Mode turbines for a project in Canada. With hub heights of 132 meters, the project will feature the tallest towers in North America, highlighting how [Read More…]

Source: BOE Report

Hengli Petrochemical (Dalian) Co., Ltd. to Utilize INVISTA’s Latest P8 Technology for Fifth PTA Line

SHANGHAI, China–(BUSINESS WIRE)–INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), and Hengli Petrochemical (Dalian) Co., Ltd. (Hengli) have reached agreement for the licensing of INVISTA’s latest purified terephthalic acid (PTA) process technology for Hengli’s fifth PTA line. Hengli’s first three PTA lines, with a combined operating capacity of 6.6 million metric tonnes per year, [Read More…]

Source: BOE Report

Vine Oil & Gas LP Announces Upsize and Pricing of $380 Million Private Offering of Senior Unsecured Notes due 2023

PLANO, Texas–(BUSINESS WIRE)–Vine Oil & Gas LP (“Vine”) and Vine’s wholly owned subsidiary, Vine Oil & Gas Finance Corp., announced today the pricing of their private offering of $380 million in aggregate principal amount (the “Notes Offering”) of senior unsecured notes due 2023 (the “2023 Notes”). The offering was upsized from the previously announced $350 [Read More…]

Source: BOE Report

Dalmac Energy Inc. Reports Q1’19 Financial Results

EDMONTON, Alberta, Sept. 28, 2018 (GLOBE NEWSWIRE) — Mr. John Babic, President and CEO of Dalmac Energy Inc. (“Dalmac”) (TSX Venture:DAL), reports Dalmac’s first quarter (Q1’19) financial results announcement for the reporting period ended July 31, 2018 FINANCIAL HIGHLIGHTS     Change (000’s Cdn Dollars, except per share data) Q1’19   Q1’18   % Revenues [Read More…]

Source: BOE Report

PetroQuest Energy, Inc. Extends Forbearance Agreements

LAFAYETTE, La., Sept. 28, 2018 (GLOBE NEWSWIRE) — PetroQuest Energy, Inc. (the “Company”) (OTCQX:PQUE) announced today that it has extended its previously announced forbearance agreements (the “Forbearance Agreements”) with the administrative agent and the lenders under its multi-draw term loan agreement (the “Loan Agreement”), the holders of approximately 77.9% of the outstanding aggregate principal amount [Read More…]

Source: BOE Report

SM Energy Declares Semi-Annual Cash Dividend

DENVER, Sept. 28, 2018 /PRNewswire/ — SM Energy Company (NYSE: SM) today announces that its Board of Directors has approved a semi-annual cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on November 7, 2018, to stockholders of record as of the close of business on October 26, 2018. The [Read More…]

Source: BOE Report

LNG Canada project would provide new market, says Canada’s largest gas producer

BANFF, Alta. – A positive final investment decision for LNG Canada could eventually encourage other projects to follow suit, creating demand needed to soak up Western Canada’s glut of natural gas, producers say. The projects would eventually provide a market for gas companies that are now discouraged from increasing production by low prices linked to [Read More…]

Source: BOE Report