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Inter Pipeline to Acquire NuStar Energy’s European Operations for $270 Million
November 30, 2018
NuStar Energy L.P. has entered into an agreement to sell its European terminals and related assets to Inter Pipeline Ltd.’s European storage subsidiary, Inter Terminals Ltd., for $270 million. The operations include six liquids storage terminals in the United Kingdom
North Dakota Grows Into Its Ongoing Oil Boom
November 29, 2018
The U.S. hit a milestone this year, producing more crude oil than any other country, and North Dakota is a big reason for that. After a lull when prices collapsed in 2014, the state is setting new production records and
Capital Product Partners Merge Tanker Assets with DSS in $1.65 Billion Deal
November 29, 2018
Capital Product Partners (CPLP), a Marshall Islands master limited partnership, has agreed to merge its crude and product tanker business with US-based tanker company DSS in an all-stock deal worth $1.65bn. As part of the agreement, CPLP will first spin
Ensign Energy Acquires Majority Stake in Canada-based Trinidad Drilling
November 29, 2018
Ensign Energy Services, which is planning to take over Canada-based Trinidad Drilling, has acquired an additional stake of 56.38% in the latter at $1.68 per share. In August 2018, the Canadian oilfield services provider offered to take full ownership of
Pitt Researchers Study Benefits of Co-Treating Acid Mine Drainage and Shale Gas Wastewater, Pa.
November 29, 2018
Pennsylvania’s energy history is rich with the quantities of fossil fuels that it has produced, but is also rife with the environmental legacies of coal mining and, more recently, hydrofracturing. Water that finds its way into abandoned coal mines dotted
Wolf Midstream Launches Binding Open Season for New Midland Basin Crude Oil Pipeline, Texas
November 28, 2018
Wolf Midstream Partners has launched a binding open season to solicit long-term, firm shipper commitments for the proposed Red Wolf Crude Connector, a new crude oil pipeline to serve the Midland Basin. Through the open season, Wolf proposes to construct
Williams and Brazos Midstream Form New Strategic Joint Venture in Permian Basin
November 28, 2018
Williams and Brazos Midstream have agreed to enter into a joint venture in the Delaware Basin. Under terms of the agreement, Williams will contribute its existing Delaware Basin assets to the partnership, in exchange for a 15 percent minority position
ProPetro to Aquire Pioneer Natural Resources’ Pumping Services Assets for $400 Million
November 28, 2018
ProPetro Holding Corp. has entered into an agreement with affiliates of Pioneer Natural Resources Company, where ProPetro will become a strategic long-term service provider to Pioneer providing pressure pumping and related services for a term of up to 10 years.
Oil and Gas Spearheaded $400 Million Public Land Revenue Increase in 2017
November 28, 2018
U.S. Secretary of the Interior Ryan Zinke said the Department’s Economic Report for Fiscal Year 2017 shows for the first time in several years, economic growth and jobs supported by federal lands both increased. According to the report, under President
Chevron Begins Production from Big Foot Project in Louisiana, Gulf of Mexico
November 27, 2018
Chevron has commenced crude oil and natural gas production from the Big Foot project, a deepwater project developed with an investment of around $4bn in the US Gulf of Mexico. Contained in the Walker Ridge Block 29, the Big Foot
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