Oil, Gas and Shale
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CNX Resources Acquires Noble Energy’s Interest in Cone Midstream Partners

January 8, 2018

CNX Resources and CNX Midstream Partners (CNXM) jointly announced that CNX has closed its previously announced acquisition of Noble Energy’s 50 percent membership interest in Cone Gathering, which holds the general partner interest and incentive distribution rights in Cone Midstream

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Andeavor to Acquire Rangeland Energy II to Boost Permian Basin Presence

January 8, 2018

Andeavor has agreed to acquire 100 percent of the equity of Rangeland Energy II (Rangeland) to further enhance its Permian Basin position. Rangeland owns and operates assets in the Delaware and Midland Basins, including a recently-constructed crude oil pipeline, three

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Department of Interior to Open Outer Continental Shelf for Oil and Gas Lease Sales

January 8, 2018

The US Department of Interior (DOI) has announced its plans to include nearly the entire US Outer Continental Shelf (OCS) for potential oil and gas lease sales for future exploration and development. US Interior Department Secretary Ryan Zinke said that

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U.S. Energy Department to Fund $30 Million for Unconventional Oil and Gas Projects

January 8, 2018

The US Department of Energy (DOE) has selected six projects which will receive approximately $30m in federal funding to boost unconventional oil and natural gas recovery. Selected under the Office of Fossil Energy’s (FE’s) Advanced Technology Solutions for Unconventional Oil

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Pennsylvania DEP Suspends Construction Work on $2.5 Billion Mariner East 2 Pipeline Project

January 8, 2018

Sunoco Pipeline has been ordered to suspend the work associated with the $2.5bn Mariner East 2 pipeline by the Pennsylvania Department of Environmental Protection (DEP), after finding construction permit violations. The DEP directed the firm to cease all pipeline project

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Global Crude Oil Prices Near 2015 Highs on Tight Market Due to Supply Cuts

January 5, 2018

Reuters reported that oil prices were stable with trading activity drying up ahead of the New Year weekend. Heading into 2018, traders said market conditions were relatively tight due to ongoing supply cuts led by the Middle East dominated Organization

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Schlumberger Acquires U.S. Hydraulic Fracturing Business of Weatherford for $430 Million

January 5, 2018

A subsidiary of oilfield services company Schlumberger has completed acquisition of the US pressure pumping and pump-down perforating assets of rival Weatherford International for $430m in an all-cash deal. In late March 2017, the oilfield services companies agreed to create

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Cabot Oil and Gas to Sell $765 Million Worth Eagle Ford Assets

January 4, 2018

Independent oil and gas company Cabot Oil & Gas will sell Eagle Ford Shale assets to an affiliate of Venado Oil & Gas for $765m as it is looking to pare cost. The company will sell 74,500 acres of Eagle

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Inter Pipeline Releases $900 Million Capital Expenditure Program for 2018

January 4, 2018

Inter Pipeline has announced a $900 million capital expenditure program for 2018, with 91 percent of it will be for organic growth initiatives. The remaining $80 million invested for sustaining capital projects. In 2018, the majority of Inter Pipeline’s growth

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InterGen to Divest Mexico Assets to Actis for $1.2 Billion

January 4, 2018

InterGen, which is jointly owned by the Ontario Teachers’ Pension Plan and China Huaneng Group/Guangdong Yudean Group, has signed an agreement to divest its portfolio including power generation assets in Mexico to Actis for $1.256bn. Under the terms of the

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