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

Diamondback Energy to Acquire Ajax Resources for $1.24 Billion

August 16, 2018

Diamondback Energy, a Texan oil and gas company, has agreed to acquire rival Ajax Resources in a cash-cum-stock deal worth around $1.24bn. As part of the deal, Diamondback Energy will acquire all leasehold interests and related assets of Ajax Resources

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EPIC Companies Completes Merger with Ranger Offshore

August 16, 2018

EPIC Companies has announced the completion of combining its business with Ranger Offshore, a provider of subsea construction and related support services to the offshore oil and gas industry. EPIC is now a global, full service marine contractor, able to

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Jacobs Secures Contract for Phase Two of Wapiti Gas Plant Expansion, Canada

August 16, 2018

Jacobs Engineering Group has received engineering services contract for phase two expansion of the midstream oil and gas operator Keyera’s Wapiti Gas Plant, which is under construction near Grande Prairie, Alberta, Canada. The phase two expansion project aims to add

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Petroteq Completes Continuity Testing at Asphalt Ridge Facility, Canada

August 16, 2018

Petroteq Energy, an integrated oil and gas company, has completed continuity testing at its Asphalt Ridge facility and is making arrangements for continuous operations and marketing activities. “While the pricing and structure of the sales production/marketing strategy are yet to

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Wisconsin Appeals Court Rejects Jackson County Frac Mine Challenge, Approves Go Ahead

August 16, 2018

A Wisconsin appeals court has rejected attempts by a group of landowners to block a proposed frac sand operation in western Wisconsin but may open a door for legal challenges based on damages that have yet to occur. Three families

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Williams Receives FERC Approval of Expansion of Transco Project, Northeastern U.S.

August 15, 2018

Williams said that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Rivervale South to Market project – an expansion of the existing Transco natural gas pipeline to meet the growing heating

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Devon Energy Sells Non-Core Delaware Basin Acreage for $215 Million

August 15, 2018

Devon Energy Corp. has entered into a definitive agreement to sell 9,600 net acres of non-core Delaware Basin acreage in Ward and Reeves County to Carrizo Oil and Gas for $215 million. Net production from these properties is approximately 2,500

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Diamondback Energy to Acquire Energen for $9.2 Billion

August 15, 2018

Diamondback Energy, Inc. and Energen Corporation have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately $9.2 billion, including Energen’s net debt of $830 million as of June 30, 2018. The

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Aggreko SelecTech Program Partners With San Jacinto College

August 15, 2018

Aggreko has entered into a partnership with San Jacinto College (San Jac) to host its enhanced SelecTech technician training program. The 12-month, 42-credit-course program combines classroom instruction with web-based learning modules and on-the-job training at Aggreko’s Pearland Service Center. Led

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EPIC Companies Acquires Ranger Offshore

August 15, 2018

EPIC Companies and Ranger Offshore have entered into a business combination of Ranger and Epic. EPIC is now a global, full service marine contractor, able to provide customer solutions worldwide. EPIC will continue to focus on serving all EPIC and

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