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Aegean Marine Petroleum Network Files for Chapter 11 Bankruptcy
January 9, 2019
Aegean Marine Petroleum Network Inc. and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. The debtors enter this process with
Bibby Financial Services Provides $10M Funding to Oil & Gas Industry Leader with Asset Based Lending
January 9, 2019
Bibby Financial Services (BFS) provided a $10 million asset-based lending (ABL) facility to an oil and gas industry client that manufactures and distributes products used for hydraulic fracturing and other well-related products. This accounts receivable and inventory based financing comes
U.S. Shale Gas Targets Europe
January 8, 2019
America’s shale gas bounty is finding a home in Europe this year, even with cheaper supply flowing from Russia. Two-thirds of the volume of the first two plants at Cheniere Energy Inc’s new Texas liquefied natural gas export terminal is
Pa. Lawmakers Introduce Comprehensive Pipeline Regulatory Process Legislative Package
January 8, 2019
State Senators Andy Dinniman, D-19, and Tom Killion, R-9, announced Wednesday that they have introduced a comprehensive legislative package aimed at reforming Pennsylvania’s pipeline regulatory process to improve safety at schools and in local neighborhoods and communities. “For years, I’ve
Government Shutdown Delays Release of Final Plan for Oil & Gas Lease Sale
January 8, 2019
The ongoing partial government shutdown has delayed the release of the final plan for oil and gas lease sales of offshore blocks in the Gulf of Mexico, the Atlantic, and the Arctic, S&P Global Platts reports, citing knowledgeable sources. The
ArcLight Acquires Sempra Energy’s Natural Gas Storage Facilities for $332 Million
January 8, 2019
Sempra Energy said that its subsidiary has agreed to offload its non-utility natural gas storage facilities in the US to an affiliate of ArcLight Capital Partners for $332m in an all-cash deal. The gas storage assets being sold by the
Court Declines to Speed Up Review to Help with Atlantic Coast Pipeline Scheduling Woes
January 8, 2019
Despite Atlantic Coast Pipeline’s warnings that the current court schedule could delay the 600-mile, 1.5 Bcf/d natural gas project, a federal appeals court declined to speed the pace for briefing and oral argument for a challenge to federal endangered species
Alliance Resource Partners Acquires $176M of AllDale’s Oil and Gas Interests
January 7, 2019
Alliance Resource Partners (ARLP) has wrapped up a previously announced $175.96m acquisition of certain oil and gas mineral interests held by AllDale Minerals and AllDale Minerals II across the Anadarko, Permian, Williston and Appalachian basins. As part of the transaction,
Eni to Acquire 70% Stake in Oooguruk Oil Field, Offshore Alaska
January 7, 2019
Italian oil and gas company Eni has agreed to acquire a 70 percent stake in the Oooguruk oil field located offshore Alaska from Caelus Natural Resources Alaska for an undisclosed price. The firm already owns a 30 percent interest in
Fracking Firms in Pa. Getting Billed for Millions in Impact Fees
January 7, 2019
About 17 natural gas companies are expected to get invoices early this year for millions of dollars of impact fees they owe on low-producing shale wells after a state Supreme Court decision last week. The Pennsylvania Public Utility Commission is
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