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Stabilis Energy Acquires Prometheus Energy
March 28, 2018
Stabilis Energy has completed the acquisition of a majority interest in Prometheus Energy. The acquisition combines two of the leading liquefied natural gas production and distribution companies to form a full-service LNG provider capable of delivering LNG to customers in
Stonepeak to Acquire GenOn Energy’s Two Units at Canal Generating Plant for $390M, Massachusetts
March 27, 2018
GenOn Energy has agreed to sell units 1 and 2 of the Canal Generating Plant in Sandwich, Massachusetts to Stonepeak Infrastructure Partners’ subsidiary Stonepeak Kestrel for about $390.3m. The two units to be sold have a combined capacity of 1,112MW.
Pemex Seeks Bids for H-Oil Plant Rehabilitation in Miguel Hidalgo Refinery, Mexico
March 27, 2018
Mexican oil company Pemex said that it will request bids for rehabilitation works for the H-Oil plant located in the Miguel Hidalgo refinery in Tula, Mexico. For this purpose, Pemex will adjudicate the project through an open international contest where
ExxonMobil to Build New Polypropylene Manufacturing Plant, Texas Gulf Coast
March 27, 2018
ExxonMobil is planning to build a new polypropylene manufacturing plant in the US Gulf Coast to address the increasing demand for high-performance, lightweight durable plastics. The company expects to invest several hundred million dollars on the new plant, which is
IEA Report: Global Energy Demand Grew by 2.1% in 2017
March 27, 2018
A new report from International Energy Agency (IEA) revealed that global energy demand increased by 2.1 percent in 2017, more than twice the previous year’s rate, boosted by strong global economic growth. While oil, gas and coal met most of
Heritage Global Launches Energy and Construction Asset Advisory and Auction Services Division
March 26, 2018
Heritage Global Inc. has launched its newly formed division Heritage Global Energy and Construction (HGEC). Headquartered in Austin, Texas, HGEC provides asset advisory, auction services and monetization solutions for businesses operating in the oil and gas, mining, drilling, solar, construction
Koltek Energy Services Opens Oilfield Testing Facility in Northeastern Oklahoma
March 26, 2018
Koltek Energy Services, a nationwide energy services company, has launched Koltek Testing Facility at its 99 acre facility in Okmulgee, Oklahoma. This location will allow oilfield equipment manufacturers the ability to test their tools in a secure location 24 X
Tellurian Launches Open Season for Permian Global Access Pipeline, Texas to Louisiana
March 26, 2018
Tellurian’s subsidiary, Permian Global Access Pipeline LLC (PGAP) is offering a non-binding open season to secure prospective shippers for a proposed 42-inch diameter interstate natural gas pipeline connecting the Permian Basin in Texas to Southwest Louisiana. PGAP is estimated to
Ace Gathering Acquires Crude Oil Reclamation Service Company Recoil Energy Systems
March 26, 2018
Ace Gathering Holdings has completed its acquisition of Recoil Energy Systems, a provider of crude oil reclamation services. Recoil, founded in 2014 and headquartered in Abilene, Texas, is a leading provider of oil reclamation services including tank cleaning, oil recovery,
ExxonMobil and MagnaBond to Collaborate on New Well Integrity Evaluation Technologies
March 26, 2018
ExxonMobil Upstream Research Company has signed a three-year joint development agreement with MagnaBond, LLC to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing. The agreement was facilitated by the Industry Technology Facilitator as part
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