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Par Pacific to Acquire Island Energy’s Refinery Units in Hawaii
September 11, 2018
Par Pacific, through an indirect subsidiary, will acquire certain refining units from Hawaii-based Island Energy Services (IES) in the US state of Hawaii for $45m plus additional amounts for certain hydrocarbon and non-hydrocarbon inventory. The transaction marks the exit from
Transocean to Acquire Ocean Rig for $2.7 Billion
September 10, 2018
Offshore drilling contractor Transocean has entered into an agreement to acquire its rival Ocean Rig in a cash and stock deal worth $2.7bn. The transaction also includes Ocean Rig’s net debt, which stood at $397m at the end of March
Canada’s Surge Energy to Acquire Mount Bastion for $243 Million
September 10, 2018
Surge Energy has agreed to acquire its rival Canadian oil and gas company Mount Bastion Oil and Gas (MBOG) for C$320m ($243.62m). The Calgary-based Surge Energy said that the acquisition will add more than 600 million barrels of net internally
Enterprise Starts Construction of NGL Fractionator in Mont Belvieu, Texas
September 10, 2018
Enterprise Products Partners has broken ground on a new natural gas liquids (NGL) fractionator near its Mont Belvieu, Texas complex. The new unit will have a nameplate capacity of 150,000 barrels per day (“BPD”), giving Enterprise 905,000 BPD of fractionation
Talos Energy Acquires Whistler Energy II for $52 Million
September 10, 2018
S-based oil and natural gas producer Talos Energy has completed acquisition of Whistler Energy II, for $52m . Year to date gross production from Whistler’s assets is approximately 1,900 barrels of oil equivalent per day (“Boepd”), or net production after
Oryx Midstream Extends Binding Open Season in the Delaware Basin
September 7, 2018
Oryx Midstream Services II, LLC has extended the joint open season currently being held by its operating subsidiaries, Oryx Delaware Oil Gathering New Mexico, Oryx Delaware Oil Gathering Texas, Oryx Western Delaware Oil Gathering, and Oryx Delaware Oil Transport, for
BLM Lifts Work Stoppage Order at Mountain Valley Pipeline Project, W. Va.
September 7, 2018
Mountain Valley Pipeline, LLC released the following statement in response to individual orders issued by the Federal Energy Regulatory Commission (FERC) and the U.S. Court of Appeals for the Fourth Circuit on August 29, 2018, for the Mountain Valley Pipeline
Parsons Named EPC Partner for $3.4 Billion Natural Gas Storage Facility, Appalachian Basin
September 6, 2018
Parsons has been named as the engineering, procurement and construction (EPC) partner by the Appalachia Development Group (ADG) for its $3.4bn Appalachia Storage and Trading Hub (ASTH) project in the US. The ASTH is a proposed underground storage facility for
Eni Acquires Caelus’ 124 Onshore Exploration Leases, Alaska
September 6, 2018
Eni has acquired 124 onshore exploration leases in the US state of Alaska from Caelus Alaska Exploration for an undisclosed price. The Italian energy company will hold 100 percent working interest in all the leases which are located in the
Canadian Court Quashes Approval of Trans Mountain Pipeline Expansion
September 6, 2018
Canada’s Federal Court of Appeal has quashed the approval for the C$7.4bn ($5.5bn) Trans Mountain pipeline expansion project. A panel of three judges unanimously ruled that the process adopted in approving the pipeline project was flawed as argued by certain
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