Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

Canada’s Cenovus to Divest Palliser Oil and Gas Assets to Torxen and Schlumberger for $1 Billion

October 23, 2017

Integrated oil firm Cenovus Energy has agreed to divest its Palliser crude oil and natural gas assets in southeastern Alberta, Canada to Torxen Energy and Schlumberger for C$1.3bn ($1bn). Under the terms of the deal, Torxen and Schlumberger will purchase

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Halliburton Charity Golf Tournament Raises Millions for Nonprofit Organizations Across the U.S.

October 20, 2017

The 23rd annual Halliburton Charity Golf Tournament raised more than $2.5 million for 24 nonprofit organizations across Houston and the U.S. The tournament, held Oct. 18, has donated almost $14 million to charities over its 23-year history. More than 400

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Clean Energy Fuels Breaks Ground on First CNG Fueling Station in the Bronx, New York

October 20, 2017

Clean Energy Fuels Corp., the City of New York, and community leaders broke ground on a new, state-of-the-art compressed natural gas (CNG) station in the Hunts Point section of the Bronx that will fuel multiple fleets operating across the city.

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Crestwood Closes on Buy-In Option with Shell Midstream Partners in Delaware Basin, Texas

October 20, 2017

Crestwood Equity Partners has closed on the equity option agreement with Shell Midstream Partners, L.P., a master limited partnership formed by Royal Dutch Shell, to purchase a 50 percent equity interest in Crestwood Permian Basin LLC which owns the Nautilus

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NOW Enters International Distribution Agreement with Badger Meter for Oil and Gas Production Market

October 20, 2017

NOW Inc.’s U.S. subsidiary DNOW L.P. has entered an exclusive international distribution agreement with Badger Meter. DNOW will distribute and service the diverse line of Badger Meter flow measurement and control technologies to DNOW oil and gas customers worldwide. “We

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Chaparral Energy to Sell Its Enhanced Oil Recovery Assets in U.S.

October 19, 2017

Chaparral Energy has signed an agreement to divest its enhanced oil recovery (EOR) assets in the US to an undisclosed buyer. Under the terms of the deal, Chaparral Energy will sell the EOR assets in the North Burbank play in

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Southern Company to Sell Elizabethtown Gas and Elkton Gas for $1.7 Billion

October 19, 2017

Southern Company subsidiary Southern Company Gas has agreed to divest assets of its utility operating divisions Elizabethtown Gas and Elkton Gas to South Jersey Industries for approximately $1.7bn. Under the terms of the deal, South Jersey will acquire the assets

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Massachusetts Institute of Technology’s Researchers Develops New Way to Harness Wasted Methane Gas

October 19, 2017

Researchers from Massachusetts Institute of Technology (MIT) have developed a new way to capture methane gas, which is usually wasted through flaring at oil wells, for use as fuel or a chemical feedstock. The researchers have found a way to

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Emerson to Acquire Oil and Gas Software Firm Paradigm for $510 Million

October 19, 2017

Emerson has signed an agreement to purchase Paradigm, which is engaged in providing software solutions for the oil and gas industry, for $510m. The acquisition is expected to expand Emerson’s software capabilities for the global oil and gas industry, making

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Enbridge Receives Permit to Expand $3.3 Billion Line 67 Oil Pipeline, US-Canada Border

October 19, 2017

Enbridge has received the presidential permit in the US to build a 4.8km segment of its $3.3bn Line 67 crude oil pipeline (Alberta Clipper line), aimed at doubling the pipeline’s capacity. The permit from the State Department under President Donald

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