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

Transerv Energy Invests C$5 Million in Producing Oil and Gas Assets in Canada

April 17, 2017

Transerv Energy is investing A$4.9 million (C$5 million) for a 20 percent working interest in Point Loma Resources’ producing oil and gas assets in Alberta, Canada. The assets comprise of 210,000 acres (42,000 acres net to Transerv) and existing production

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Drillers in Biggest U.S. Shale Gas Play Get More Bang for Their Buck

April 17, 2017

Natural gas drillers in America’s biggest shale play are getting more bang for their buck than ever before. Thanks to new pipelines and technological advances, producers in the Northeast can now tailor their output to the rise and fall of

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Freedom Oil and Gas Eyes Shale Formation Wells in Texas

April 12, 2017

Freedom Oil and Gas has secured a 100 percent working interest in 9,300 net acres in Dimmit County, Texas for developing Eagle Ford shale formation wells. The Eagle Ford was one of the most actively drilled targets for unconventional oil

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88 Energy All Clear to Start New Drilling at Icewine-2 Shale Well, Alaska

April 12, 2017

88 Energy Ltd told investors it is all clear to start drilling the Icewine-2 well at its shale project on Alaska’s North Slope. The exploration company today revealed that the Alaska Oil and Gas Conservation Commission (AOGCC) approved the permit

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American Petroleum Institute: Oil and Gas Drilling Sees 35% Increase Over 2016 Levels

April 12, 2017

American Petroleum Institute (API) has announced that estimated total wells drilled and completed in the first quarter of 2017 saw an increase of 35 percent compared to the first quarter of 2016. This is a drastic improvement from 2016 levels

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Energy Impact Partners Launches Credit Group to Support Energy-focused Growth Companies

April 10, 2017

Energy Impact Partners (EIP) has established a credit group to support U.S.-based small and middle-market businesses, with a specific focus on energy impact-related investments. The group will primarily offer debt financing solutions, such as first and second lien secured term

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Cenovus to Acquire ConocoPhillips’ Canadian Assets for $13.3 Billion

April 10, 2017

Cenovus Energy has signed an agreement with US-based ConocoPhillips to acquire significant stakes in its Canadian oil and gas assets for C$17.7bn ($13.3bn). Under the terms of the deal, ConocoPhillips will divest 50% non-operated stake in the Foster Creek Christina

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Consumers Energy Issues Request for Proposals to Acquire Natural Gas-Fired Plant in Michigan

April 10, 2017

Consumers Energy has issued a request for proposals to acquire a natural gas-fired generating plant of up to 800 megawatts, part of the company’s plans to meet Michigan’s long-term energy needs reliably, affordably and sustainably. Entergy and Consumers Energy have

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Energy Transfer Starts Open Season for Bakken Pipeline Transport Services

April 10, 2017

Energy Transfer Partners, L.P., along with Dakota Access, LLC and Energy Transfer Crude Oil Company, LLC have launched a binding supplemental open season to solicit shipper commitments for transportation service for Bakken/Three Forks production to reach multiple markets through their

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Williams Partners Acquires Additional Interests in Two Marcellus Shale Gathering Systems

April 10, 2017

Williams Partners L.P. has completed separate transactions with Western Gas Partners, LP, Anadarko Petroleum Corporation, and Energy Transfer Partners, L.P., and certain of their respective affiliates, for an aggregate cash consideration of $200 million paid to Williams Partners and an

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