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Hydromax USA Acquires Miller Pipetech
April 26, 2018
Hydromax USA, LLC has closed on the definitive agreement to acquire the Technical Services division of Miller Pipetech. Miller Pipetech offers technical condition assessment and data collection services for underground utilities to customers throughout Pennsylvania, Ohio, New York, Michigan, and
Unit Corporation to Sell 50% Interest in Midstream Subsidiary Superior Pipeline for $300 Million
April 25, 2018
Unit Corporation has agreed to sell a fifty percent equity interest in its wholly owned subsidiary, Superior Pipeline Company for cash proceeds of $300 million. The purchaser, SP Investor Holdings, is jointly owned by OPTrust and funds managed and/or advised
Mountain Valley Pipeline Launches Binding Open Season for MVP Southgate Project, Va. and N.C.
April 25, 2018
Mountain Valley Pipeline has commenced the binding open season for the MVP Southgate project, in order to provide additional market participants an opportunity to subscribe to the project. EQT Midstream Partners, LP will be the operator of MVP Southgate, which
Mitsubishi Hitachi Power Systems Americas Launches New Power & Energy Solutions Business
April 25, 2018
Mitsubishi Hitachi Power Systems Americas (MHPS) has created a Power & Energy Solutions business focused on delivering customer solutions in the areas of digital power, energy storage, and low carbon power generation. MHPS Vice President Tom Cornell, an industry leader
Energy Transfer Partners Launches Binding Open Season for Diesel Fuel Pipeline to West Texas
April 25, 2018
Energy Transfer Partners’ subsidiary will launch a binding open season to solicit shipper commitments for transportation service of diesel fuel from Hebert, Texas to the Midland, Texas area. Subject to the results of this open season and receipt of all
Formosa to Build $9.4 Billion Petrochemical Complex in St. James Parish, Louisiana
April 24, 2018
Taiwan-based Formosa Petrochemical has decided to construct its $9.4bn petrochemical complex in St. James Parish in the US state of in Louisiana. Dubbed as the Sunshine Project, the petrochemical complex will be built on the 2,400 acres site acquired by
Subsea 7 Offers to Acquire U.S. Rival McDermott for $2 Billion
April 24, 2018
Subsea 7 confirmed that it has recently made an unsolicited bid to acquire its rival US-based offshore oil services company McDermott International for around $2bn. However, the offer from the UK-based firm was rejected by McDermott, which is in the
Admiral Permian Acquires Three Rivers’ Oil Producing Assets in Texas
April 24, 2018
Admiral Permian Resources has completed acquisition of leasehold interests and related assets from Three Rivers Operating in the US state of Texas. This includes more than 59,000 net acres in Reeves and Culberson Counties in West Texas. The properties produced
EIA: Pennsylvania’s Natural Gas Production Continues to Increase
April 24, 2018
Pennsylvania’s marketed natural gas production averaged a record 15 billion cubic feet per day (Bcf/d) in 2017, 3 percent higher than the 2016 level. This production is largely from shale plays in the Appalachian Basin. Pennsylvania accounted for 19 percent
Canyon Creek Energy Partners with Pivotal Petroleum for Arkoma Stack Play, Oklahoma
April 23, 2018
Canyon Creek Energy – Arkoma (CCEA) has made a deal with Pivotal Petroleum Partners II to jointly fund drilling of 18 wells this year, targeting the stacked pay formations in the Arkoma Stack play in the US state of Oklahoma.
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