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

MFRI to Acquire 100% Ownership of Bayou Perma-Pipe for $9 Million, Canada

January 6, 2016

MFRI, Inc.‘s Perma-Pipe subsidiary has signed a purchase agreement with its joint venture partner Aegion Corporation to acquire 100 percent ownership of Bayou Perma-Pipe Canada (BPPC), a coating and insulation company in Alberta, Canada. Perma-Pipe has owned a 49 percent

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Mitcham Industries Acquires L-3 Communications Klein Associates

January 5, 2016

Mitcham Industries, Inc. has acquired L-3 Communications Klein Associates, Inc. (Klein), a designer, manufacturer and worldwide distributor of sonar and waterside security systems to military and commercial customers. Klein was a wholly-owned subsidiary of L-3 Communications Corporation, a leading provider

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Tallgrass Energy Partners Acquires Additional Interest in Pony Express Pipeline for $475 Million

January 5, 2016

Tallgrass Energy Partners, LP has acquired an additional 31.3 percent interest in Tallgrass Pony Express Pipeline, LLC for cash consideration of $475 million and 6.518 million TEP common units issued to Tallgrass Development. Based on TEP’s December 31st closing price

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LLOG Exploration Exceeds Nameplate Oil Capacity at Delta House Facility, Mississippi Canyon

January 5, 2016

LLOG Exploration Company, L.L.C. has exceeded the nameplate oil capactity of 80,000 barrels of oil per day at Delta House floating production system (FPS) at Mississippi Canyon 254. LLOG recently brought the ninth well on production several weeks ahead of

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Washington Gas to File New Natural Gas Reserves Purchase Application for Virginia

January 5, 2016

Washington Gas has plans to file a new application with the Virginia State Corporation Commission (SCC) to acquire natural gas reserves to serve its customers in Virginia. This follows the SCC’s denial on November 6, 2015, of an initial reserves

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Oil, Gas Law Firm Beckmen Law Expands Energy Base

January 5, 2016

Beckmen Law, PC has expanded its energy base with the addition of Randolph Marsh, a leading oil, gas, and natural resources attorney as Of Counsel for the firm’s energy and corporate practice groups. “Randy and I have worked together for

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Methanex Starts Production at Geismar 2 Methanol Plant, Louisiana

January 4, 2016

On December 27, 2015, Methanex Corporation successfully produced first methanol from its newly completed one million tonne Geismar 2 methanol plant in Geismar, Louisiana. The plant was relocated from the company’s production site in Punta Arenas, Chile. “We are extremely

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Range Completes Sale of Its Nora Assets for $865 Million, Virginia

January 4, 2016

Range Resources Corporation has completed the sale of its Nora assets. After purchase price adjustments based upon a November 1 effective date, Range received $865 million of sales proceeds. Range will include the Nora operations for the full fourth quarter

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Luxor Industrial Expands Sales and Marketing Efforts Into U.S.

January 4, 2016

Luxor Industrial Corporation will be aggressively rolling out a new sales and marketing strategy for 2016 to exceed 2015 sales and revalues milestones. On the heels of two consecutive sales growth annual reporting years, Luxor Industrial plans on expanding its

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Talara Acquires Caza Oil & Gas for $45.5 Million

January 4, 2016

On December 23, 2015 Talara acquired ownership and control of Caza Oil & Gas, Inc.‘s common shares pursuant to a private placement transaction. The acquired shares represented approximately 97.16 percent of the total common shares outstanding following completion. The aggregate

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