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Eni approves the investment plan for Merakes Development Project in Indonesia

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12/17/2018 Photo: Eni. SAN DONATO MILANESE, Milan — Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s board of directors. The Merakes development project, located in the Kutei Basin, Read More

Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base, the Purchase of Its $60 Million Term Loan and Provides Operational Update

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CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than Read More

Laredo Petroleum Announces Appointment of Frances Powell Hawes to Board of Directors

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TULSA, OK, Dec. 17, 2018 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced the appointment of Frances Powell Hawes to the Company’s Board of Directors (the “Board”). Ms. Powell Hawes’ appointment as an independent director and membership on the Board’s Audit and Nominating and Corporate Governance committees is effective Read More

Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow

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CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (NYSE MKT:GTE) (TSX:GTE) (LSE:GTE), is pleased to announce an operational update and its 2019 capital budget and production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest Read More

ALIMENTATION COUCHE-TARD AND CROSSAMERICA ANNOUNCE AGREEMENT FOR SERIES OF ASSET EXCHANGES

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Laval, Québec, Canada and Allentown, PA, United States, December 17, 2018, Dec. 17, 2018 (GLOBE NEWSWIRE) —                         ALIMENTATION COUCHE-TARD AND CROSSAMERICA ANNOUNCE AGREEMENT FOR SERIES OF ASSET EXCHANGES Alimentation Couche-Tard has agreed to sell to CrossAmerica 192 U.S. company-operated convenience and fuel retail stores (the “Circle K stores”) CrossAmerica has agreed to sell to Read More

TransGlobe Energy Corporation Announces a Q4 2018 Update

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This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” Read More

The US oil industry’s dirty little secret

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The oil industry engaged in a secret public relations campaign to undermine US fuel economy standards, according to a new investigation from the New York Times. One of the main actors was the largest oil refiner in the country, Marathon Petroleum. Marathon, along with others, ran a “stealth campaign to roll back car emissions standards,” Read More

Iran loses market share in India as its oil exports slump in November

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India’s oil imports from Iran dropped to a one-year-low in November, plunging by 41 percent from October due to the US sanctions, Reuters reported on Thursday, citing industry sources and ship-tracking data. Iran also dropped to sixth place on India’s largest oil suppliers list, from fourth in October, losing market share to fellow OPEC members Read More

Coming changes in marine fuel sulfur limits will affect global oil markets

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December 14, 2018 For the next two weeks (December 17–December 31), Today in Energy will feature a selection of our favorite articles from 2018. New articles will resume on January 2, 2019. International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operators, refiners, and Read More