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NEWS Click on text to read news by category: General | Product | People | Worldwide

Kinder Morgan Starts Open Season for Gulf Coast Express Pipeline Project

March 23, 2017

Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan, Inc., has started a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express Pipeline Project, which will provide an outlet for increased natural

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TransCanada Suspends $15 Billion NAFTA Lawsuit Over Keystone XL Project

March 22, 2017

TransCanada has suspended its $15bn North American Free Trade Agreement (NAFTA) lawsuit which was filed against the US government for the Keystone XL pipeline project. The suspension of the challenge indicates that the firm seems to be pinning hopes on

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Winners Recognized for Innovative Products to Be in the Spotlight at OTC 2017 Conference

March 22, 2017

Winners Recognized for Innovative Products for Offshore Exploration and Production. The Offshore Technology Conference (OTC), which takes place 1–4 May in Houston, announces that 17 technologies will receive the 2017 Spotlight on New Technology® Award. The awards will be presented

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Tallgrass Energy’s Pony Express Pipeline to Build Connection to Holly Frontier Refinery, Kansas

March 21, 2017

Tallgrass Energy Partners, LP’s Pony Express Pipeline has reached an agreement with Holly Frontier Corporation and its affiliates to build facilities to connect Holly Frontier’s refinery complex in El Dorado, Kansas (El Dorado Refinery) to the Pony Express Pipeline. The

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Oxea Begins Construction on Second Propanol Unit at Bay City, Texas

March 21, 2017

Oxea has started the construction of a new world-scale propanol unit at its production site at Bay City, Texas, USA. The new unit “Propanol 2” is scheduled to come on stream in 2018. Once commissioned, it will add a capacity

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Phillips 66 Starts Open Season for West Texas Crude Oil Pipeline System

March 21, 2017

Phillips 66 has started an open season to secure binding commitments from prospective shippers for the Reeves-Odessa Origination (Rodeo) Project. As proposed, the Rodeo Project will include a pipeline system for crude oil transportation for producers and other shippers in

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Repsol and Armstrong Energy Make Major Onshore Oil Discovery in Alaska

March 17, 2017

Spanish firm Repsol and its partner Armstrong Energy have reported a discovery of a massive oil field in Alaska which is estimated to hold 1.2 billion barrels of recoverable oil. Drilled during the 2016-2017 winter campaign, the Horseshoe-1 and 1A

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Spectra Energy to Increase Stake in $1.2 Billion PennEast Pipeline Project

March 17, 2017

Spectra Energy Partners has agreed to purchase an additional 10 percent stake in $1.2bn PennEast interstate natural gas pipeline project in the US. The company has signed purchase and sale agreement with Public Service Enterprise Group’s (PSEG) subsidiary PSEG Power

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Shell to Sell Oil Sands Assets in Canada for $7.25 Billion

March 17, 2017

Royal Dutch Shell has signed agreements to divest stakes in its in-situ and undeveloped oil sands assets in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) to 10 percent for $7.25bn. Under the first deal, Shell

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Pioneer Natural Resources to Sell Northeastern Martin County Acreage for $266 Million, Texas

March 16, 2017

Pioneer Natural Resources Company has signed a purchase and sale agreement with an undisclosed buyer to sell an acreage package in northeastern Martin County, Texas, for $266 million. The sale is effective January 1, 2017. Current net production is approximately

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