Oil, Gas and Shale
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SNC-Lavalin to Acquire UK-based WS Atkins for $3.6 Billion

April 26, 2017

SNC-Lavalin Group has entered into an agreement to acquire UK-based engineering and consultancy firm WS Atkins for $3.6bn in an all cash transaction. In this connection, the Canadian engineering and construction company, SNC-Lavalin Group has offered to buy each of

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U.S. Denies Permission for ExxonMobil to Resume Drilling Operations Due to Sanctions, Russia

April 26, 2017

The US has refused to give permission for oil and gas firm Exxon Mobil to resume drilling in the areas facing its sanctions in Russia. In 2014, the US, along with the European Union, had imposed sanctions on Russia for

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Gaz Métro Completes Expansion of Its LNG Facility, Canada

April 26, 2017

Gaz Métro’s subsidiary Gaz Métro LNG has completed its expansion project, which will triple its natural gas liquefaction capacity in Canada. With the expansion, the company will bring in huge potential of LNG (liquefied natural gas) for the New England

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California Resources and Macquarie Form JV to Develop Oil and Gas Assets, California

April 25, 2017

California Resources (CRC) has partnered with Macquarie Infrastructure and Real Assets (MIRA) to create a joint venture (JV) for the development of oil and gas assets in California, US. MIRA will initially invest up to $160m in the JV, which

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Top Ten Countries with World’s Largest Oil Reserves

April 25, 2017

Since the drilling of first oil, the commodity has emerged as an important part of our life. It has been used as fuel for our transport, a fuel to generate electricity to light our homes, run factories and machines, a

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FERC Approves Final EIS Statement for PennEast Pipeline, Pennsylvania

April 24, 2017

PennEast Pipeline Company LLC has received the Federal Energy Regulatory Commission’s (FERC) issuance of a final environmental impact statement (EIS), validating after nearly three years of scientific review and input from numerous stakeholders that the approximately 120-mile underground natural gas

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Plains All American Pipeline Begins Open Season for Permian Basin to Cushing Pipeline, Texas

April 24, 2017

A subsidiary of Plains All American Pipeline, L.P. is conducting an open season for committed crude oil pipeline capacity from the Permian Basin to Cushing, Oklahoma. Origin points will be Midland, Texas and Colorado City, Texas. Depending on the results

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Finalists Chosen for 2017 Shale Gas Innovation Contest

April 21, 2017

The ten finalists for the 2017 Shale Gas Innovation Contest have been chosen. Three winners will each walk away with $20,000 at the Sixth Annual Ben Franklin Shale Gas Innovation and Commercialization Center’s FREE Finals’ Event scheduled for May 9,

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Kinder Morgan, DCP Midstream Sign LOI for Development of Gulf Coast Express Pipeline Project, Texas

April 21, 2017

Kinder Morgan Texas Pipeline (KMTP), a subsidiary of Kinder Morgan, Inc., and DCP Midstream, LP have signed a letter of intent for DCP to participate in the development of the proposed Gulf Coast Express Pipeline Project, which will provide an

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Parkland to Acquire Chevron’s Downstream Fuel Business in Canada

April 20, 2017

Parkland Fuel has entered into an agreement to acquire Chevron’s downstream fuel business in Canada for $1.1bn. The transaction amount also includes payment of an estimated $186m in working capital for the acquired business. As part of the transaction, Parkland

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