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

Elk Petroleum to Raise Funds to Advance Grieve Oil Recovery Project, Northern Rocky Mountain Region

January 8, 2016

Elk Petroleum is in a trading halt as it looks to raise capital as after it restructured an agreement with a Denbury Resources subsidiary on the Grieve CO2 oil recovery project in the Northern Rocky Mountain region. The region is

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Shoreline Energy Files for Bankruptcy

January 6, 2016

Shoreline Energy Corp. has filed an assignment under section 49 of the Bankruptcy and Insolvency Act (Canada) (the BIA) on December 23. Pursuant to the assignment, Grant Thornton Limited was appointed as the bankruptcy trustee. In addition, all of the

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ExxonMobil Contributes to North Texas Tornado Recovery and Relief Efforts

January 6, 2016

Exxon Mobil Corporation will donate $100,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in north Texas. “Our thoughts are with all who have been impacted by the devastating tornadoes, and especially

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MFRI to Acquire 100% Ownership of Bayou Perma-Pipe for $9 Million, Canada

January 6, 2016

MFRI, Inc.‘s Perma-Pipe subsidiary has signed a purchase agreement with its joint venture partner Aegion Corporation to acquire 100 percent ownership of Bayou Perma-Pipe Canada (BPPC), a coating and insulation company in Alberta, Canada. Perma-Pipe has owned a 49 percent

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Mitcham Industries Acquires L-3 Communications Klein Associates

January 5, 2016

Mitcham Industries, Inc. has acquired L-3 Communications Klein Associates, Inc. (Klein), a designer, manufacturer and worldwide distributor of sonar and waterside security systems to military and commercial customers. Klein was a wholly-owned subsidiary of L-3 Communications Corporation, a leading provider

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Tallgrass Energy Partners Acquires Additional Interest in Pony Express Pipeline for $475 Million

January 5, 2016

Tallgrass Energy Partners, LP has acquired an additional 31.3 percent interest in Tallgrass Pony Express Pipeline, LLC for cash consideration of $475 million and 6.518 million TEP common units issued to Tallgrass Development. Based on TEP’s December 31st closing price

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LLOG Exploration Exceeds Nameplate Oil Capacity at Delta House Facility, Mississippi Canyon

January 5, 2016

LLOG Exploration Company, L.L.C. has exceeded the nameplate oil capactity of 80,000 barrels of oil per day at Delta House floating production system (FPS) at Mississippi Canyon 254. LLOG recently brought the ninth well on production several weeks ahead of

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Washington Gas to File New Natural Gas Reserves Purchase Application for Virginia

January 5, 2016

Washington Gas has plans to file a new application with the Virginia State Corporation Commission (SCC) to acquire natural gas reserves to serve its customers in Virginia. This follows the SCC’s denial on November 6, 2015, of an initial reserves

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Oil, Gas Law Firm Beckmen Law Expands Energy Base

January 5, 2016

Beckmen Law, PC has expanded its energy base with the addition of Randolph Marsh, a leading oil, gas, and natural resources attorney as Of Counsel for the firm’s energy and corporate practice groups. “Randy and I have worked together for

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Methanex Starts Production at Geismar 2 Methanol Plant, Louisiana

January 4, 2016

On December 27, 2015, Methanex Corporation successfully produced first methanol from its newly completed one million tonne Geismar 2 methanol plant in Geismar, Louisiana. The plant was relocated from the company’s production site in Punta Arenas, Chile. “We are extremely

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