Heavy crude differential widens

The Canadian heavy oil differential widened slightly against the West Texas Intermediate (WTI) benchmark on Monday: * Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $17.25 a barrel below the WTI benchmark crude price , according to Shorcan Energy brokers. That compared with Friday's settle of $17.05 under [Read More…]

Source: BOE Report

Technavio: Multimodal Transportation Market for Chemical and Petroleum Industry in the US – Market Outlook and Analysis Through 2022

LONDON–(BUSINESS WIRE)–#Logistics–The multimodal transportation market for chemical and petroleum industry in the US 2018-2022 report has been added to Technavio’s logistics research library. According to Technavio’s market research analysts, the market is expected to grow at a CAGR of more than 7% during the forecast period. This research report provides actionable insights to help you [Read More…]

Source: BOE Report

Delek Logistics Partners, LP to Host Second Quarter 2018 Conference Call on August 8

BRENTWOOD, Tenn., July 16, 2018 (GLOBE NEWSWIRE) — Delek Logistics Partners, LP (NYSE:DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release summarizing second quarter 2018 results after the U.S. stock market closes on Tuesday, August 7, 2018.  A conference call to discuss second quarter 2018 results is scheduled to begin [Read More…]

Source: BOE Report

Medallion Pipeline Launches Binding Open Season for Major Expansion of Crude Oil Pipeline

IRVING, Texas–(BUSINESS WIRE)–Medallion Pipeline Company, LLC (Medallion) today announced a binding open season to solicit long-term, firm shipper commitments for a major expansion of its crude oil pipeline system in the Midland Basin. Through the open season, Medallion proposes to expand six pipeline segments to transport increased quantities of crude oil, produced from acreage proximate [Read More…]

Source: BOE Report

Energy XXI Gulf Coast, Inc. Provides Comments on Today’s Announcement by the Securities and Exchange Commission Regarding Charges Against the Former Chief Executive Officer and a Board Member of the Predecessor Company Energy XXI Ltd

HOUSTON, July 16, 2018 (GLOBE NEWSWIRE) — Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ:EGC) provided the following comments regarding the issuance of a news release today by the Securities and Exchange Commission (“SEC”) in which the SEC announced a settlement with, a former officer and a former outside director of Energy XXI [Read More…]

Source: BOE Report

Gulfport Energy Corporation Provides Second Quarter 2018 Production and Pricing and Schedules Second Quarter 2018 Financial and Operational Results Conference Call

OKLAHOMA CITY, July 16, 2018 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ:GPOR) (“Gulfport” or the “Company”) today provided an update for the quarter and six-months ended June 30, 2018. Key information includes the following: Net production during the second quarter of 2018 averaged 1,330.3 MMcfe per day, a 3% increase over the first quarter of [Read More…]

Source: BOE Report

Imperial Oil’s Kearl oilsands tailings plan wins conditional AER approval

CALGARY – The Alberta Energy Regulator has conditionally approved a tailings pond management plan for the five-year-old Kearl oilsands mine in northern Alberta. The plan is the sixth since last fall to win interim approval despite the regulator’s reservations about the applicants’ ability to remediate the lakes of contaminated water created in the oilsands mining [Read More…]

Source: BOE Report

Members of Trudeau’s youth council urge cancellation of Kinder Morgan buyout

OTTAWA – Members of Justin Trudeau’s youth council are urging the prime minister to withdraw his decision to buy Kinder Morgan’s Trans Mountain pipeline. Sixteen past and present members of the youth council are releasing a letter to Trudeau expressing their “disappointment” in the Liberal government’s move to buy the pipeline project for $4.5 billion. [Read More…]

Source: BOE Report

Crescent Point Energy Confirms July 2018 Dividend

CALGARY, Alberta, July 16, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) confirms that the dividend to be paid on August 15, 2018, in respect of July 2018 production, for shareholders of record on July 31, 2018, will be CDN$0.03 per share. These dividends are designated as “eligible [Read More…]

Source: BOE Report