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

ExxonMobil’s Integration, Diverse Portfolio of Investments to Drive Growth

March 14, 2017

Exxon Mobil Corporation is positioned to succeed in any price environment by maximizing the competitive advantages of its integrated businesses and by investing in projects that generate high-value products across the commodity cycle, Chairman and Chief Executive Officer Darren W.

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Zadar Executes MOU Agreement to Purchase Canadian Petrobrine Projects

March 14, 2017

Zadar Ventures Ltd. has entered into an MOU with a private Alberta company to purchase up to 38,000 hectares of land prospective for lithium bearing petrobrines in Manitoba. Manitoba is a jurisdiction well-known for its oil production in the southeast

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BP to Acquire Clean Energy’s Renewable Natural Gas Business for $155 Million

March 10, 2017

BP has agreed to acquire the upstream portion of renewable natural gas business of Clean Energy Fuels. As part of the deal, BP will pay pay $155m to acquire Clean Energy’s existing biomethane production facilities and its share of two

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Marathon Petroleum Sells Terminal, Pipeline and Storage Assets for $2 Billion

March 10, 2017

Marathon Petroleum has announced the sale of some of its terminal, pipeline and storage assets to MPLX for $2.02bn. The assets divested by Marathon Petroleum include 62 light-product terminals with approximately 24 million barrels of storage capacity as well as

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Saudi Aramco and Shell Agree to Split U.S. Refinery Business

March 10, 2017

Saudi Arabian Oil (Saudi Aramco) and Royal Dutch Shell have agreed to split the assets, liabilities and businesses of their US joint venture, Motiva Enterprises. In connection with the transaction, Saudi Aramco’s subsidiary Saudi Refining (SFI) and Shell’s US downstream

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Shell and Mitsui to Move Forward with Kaikias Oil and Gas Project, Gulf of Mexico

March 10, 2017

Royal Dutch Shell and its partner Mitsui have made final investment decision to move ahead with the development of the Kaikias deep-water project in the Gulf of Mexico. Located in the prolific Mars-Ursa basin approximately 210km from the Louisiana coast,

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US Department of Energy’s Scientists Develop Reusable Sponge for Oil Spill Cleanup in Seawater

March 10, 2017

Scientists from the US Department of Energy’s (DOE) Argonne National Laboratory have developed a new kind of foam, known as Oleo Sponge, designed to help clean up oil and diesel spills in water. The reusable material has the ability to

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Howard Energy Partners to Significantly Expand Its Deep-Water Terminal in Port Arthur, Texas

March 9, 2017

Howard Midstream Energy Partners, LLC (HEP) has executed a long-term terminal services agreement (TSA) with a third-party shipper and plans to significantly expand its bulk liquids terminal facility in Port Arthur, Texas. Under the TSA, Howard Energy Partners will construct

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Greensmith Energy Partners with E.ON North America for Two Grid-Scale Energy Storage Systems, Texas

March 9, 2017

Greensmith Energy has partnered with E.ON North America to deliver two grid-scale energy storage systems in Texas. Each system will be 9.9 megawatt (MW) short duration energy storage projects using lithium-ion battery technology. The projects are designed to provide ancillary

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Energy Transfer to Construct Fifth NGL Fractionation Facility at Mont Belvieu, Texas

March 9, 2017

Energy Transfer Partners’ subsidiary, Lone Star NGL LLC, will construct a fifth natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator V, including NGL product infrastructure and a new 3 million barrel y-grade storage cavern, has a total

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