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ExxonMobil Outlines Aggressive Growth Plans to More than Double Earnings
March 7, 2018
ExxonMobil outlined an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. “We’ve got the best portfolio of high-quality, high-return investment opportunities that we’ve seen in two decades,” said Darren
Gastar Exploration Closes Sale of Non-core Acreage for $107 Million, Oklahoma
March 6, 2018
Gastar Exploration Inc. has completed the previously announced sale of its interest in the West Edmond Hunton Lime Unit for USD 107.5 million, adjusted for the effective date of October 1, 2017 and resulting in net cash proceeds of $98.8
U.S. Crude Prices Hover Near Three-year Highs
March 6, 2018
Reuters reported that US energy companies added oil rigs for a sixth week in a row as crude prices hovered near three-year highs, prompting more drillers to boost their spending plans for 2018. Drillers added 1 oil rig in the
Vanson Bourne: Energy Sector Looks to IoT to Cut Waste and Reduce Emissions
March 5, 2018
A new research reveals that energy companies are increasingly relying on Internet of Things (IoT) technologies to manage and reduce the impact of their operations on the environment. This is a key finding from an independent study commissioned by global
U.S. Court Grants Preliminary Approval to Petrobras’ $2.95 Billion Settlement
March 5, 2018
Petroleo Brasileiro (Petrobras) has secured a preliminary approval from a US district court for its proposal to pay $2.95bn to settle a class action lawsuit filed by its US investors in the country. The Brazilian state-controlled oil company said that
Dominion Energy Commissions Charleston Natural Gas Infrastructure Project, South Carolina
March 5, 2018
Dominion Energy subsidiary Dominion Energy Carolina Gas Transmission (DECGT) has completed and commissioned the Charleston natural gas infrastructure project in South Carolina, US. This natural gas infrastructure project is 100-percent dedicated to customers in South Carolina, with nearly 94 percent
Energy Transfer Partners Launches Binding Open Season for Bakken Pipeline System, North Dakota
March 2, 2018
Energy Transfer Partners’ (ETP) subsidiaries Dakota Access and Energy Transfer Crude Oil Company launched a binding expansion open season to solicit shipper commitments for expanded joint tariff transportation service from the Bakken/Three Forks play in North Dakota to storage terminals
AVANGRID Completes Sale of Gas Trading Business to Castleton Commodities International
March 2, 2018
AVANGRID’s wholly owned subsidiary, Avangrid Renewables Holdings, Inc., has completed the sale of Enstor Energy Services to a subsidiary of Castleton Commodities International. Enstor Energy Services, based in Houston, Texas, is a limited proprietary trading business that provides structured products
EQT Foundation Establishes New Record of Charitable Giving in 2017
March 2, 2018
The EQT Foundation awarded a record high of more than $6.5 million in grants, scholarships, and other charitable contributions to non-profit organizations and programs throughout southwestern Pennsylvania and northern West Virginia during 2017. Since its launch in 2003, EQT Foundation
Westwood Global Acquires Oil and Gas Data Services Platform RigLogix
March 1, 2018
Westwood Global Energy Group has acquired RigLogix, an oil and gas data services platform from DHI Group for an undisclosed price. RigLogix is a premium data services platform for the oil and gas industry. The platform offers on demand access
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