Pembina Pipeline Corporation Declares July 2020 Common Share Dividend, Quarterly Preferred Share Dividend and Announces Second Quarter 2020 Results Conference Call and Webcast

CALGARY, AB – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for July 2020 of $0.21 per share to be paid, subject to applicable law, on August 14, 2020 to shareholders of record on July 24, 2020. The common share [Read more]

Source: BOE Report

Petrus Resources announces extension to credit agreement

CALGARY, Alberta – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its revolving credit facility agreement from July 6, 2020, 2020 to July 13, 2020. The Company continues to be in discussions with the bank syndicate on a one year extension [Read more]

Source: BOE Report

The High Tech Treasure Map That Could Uncover Countless Commodities

Researchers from the United States and Australia have discovered previously unrecognized structural lines 100 miles or more down in the Earth that appear to signal the locations of giant deposits of copper, lead, and zinc. The metals, however, lie close enough to the surface to be mined, but too far down to be found using current exploration methods.  In ...

Source: Oilprice.com

Militants Kill 8 Subcontractors On Total’s LNG Project In Mozambique

Gunmen have recently killed eight workers from a firm subcontracted by France’s Total to work on its $20-billion liquefied natural gas (LNG) project in Mozambique, the subcontractor company said on Sunday. “On Saturday 27th June a vehicle belonging to Fenix Construction, a company that operates in Palma, ...was attacked by five insurgents, approximately four kilometres north of Mocimboa da Praia ...

Source: Oilprice.com

Oil Giant Considers Drastic Move As Pandemic Persists

Anglo-Dutch oil major Shell is not ruling out the possibility of moving its headquarters to the UK, the group's chief executive Ben van Beurden told Dutch business newspaper Het Financieele Dagblad in an interview published over the weekend. The move could offer Shell relief from the Netherlands ' dividend tax, which has now become taxing amid the low oil price environment and ...

Source: Oilprice.com

Libya’s Oil Exports Are Set To Fall Even Further

Libya is set to export even less crude oil in July than it did in June, while its state oil firm continues negotiations to end the blockade that has been stifling exports since January.   According to a preliminary loading program seen by Bloomberg, Libya is expected to export this month just two tankers full of 600,000 barrels of crude each, ...

Source: Oilprice.com

Delphi Energy Corp. announces proposed plan of compromise and arrangement and $22.9 million capital investment by Kiwetinohk Resources Corp.

CALGARY, AB – Delphi Energy Corp. (“Delphi” or the “Company“) announces a recapitalization and financing transaction (the “Restructuring Transaction“), to be implemented as a plan of compromise and arrangement (the “Plan“) under the Companies’ Creditors Arrangement Act (“CCAA“) and the Canada Business Corporations Act, that will allow the Company to substantially reduce its debt and associated interest costs, [Read more]

Source: BOE Report

Will Argentina’s Oil Industry Survive This Crisis?

Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits in general. Providing another layer to the juxtaposition, Argentina’s shale-rich Neuquen Province has historically been the main production hub of the Latin American country and has witnessed its first production flow as early ...

Source: Oilprice.com