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Total to Create U.S. Gulf Coast Petrochemicals JV with Borealis and Nova
February 22, 2018
Total will form a joint venture (JV) for petrochemicals on the US Gulf Coast with Austrian polyethylene and polypropylene producer Borealis and Canadian plastics and chemical company Nova Chemicals. While the French oil and gas giant will hold a stake
DOE to Offer 77.3 Million Acres for Oil and Gas Exploration in Gulf of Mexico
February 20, 2018
The US Department of Interior is planning to offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida in lease sale for oil and gas exploration and development. Said to be the largest in US history, the region-wide lease
Fieldwood Energy Files for Chapter 11 Bankruptcy Protection
February 20, 2018
Fieldwood Energy, along with its subsidiaries and certain affiliates, has filed for bankruptcy protection under Chapter 11 in the US, in a bid to restructure its balance sheet by reducing debt. The firm has made the voluntary filing in the
Avangrid to Sell Its Gas Storage Business Enstor Gas to Amphora
February 20, 2018
Avangrid Renewables has agreed to sell Enstor Gas, which operates the gas storage business of its parent company Avangrid, to Amphora Gas Storage USA, an affiliate of ArcLight Capital Partners for an undisclosed price. Enstor Gas owns and operates natural
TransCanada to Move Forward with $1.9 Billion NGTL Pipeline Expansion Project
February 19, 2018
TransCanada has decided to proceed with the C$2.4bn ($1.9bn) expansion of its NOVA Gas Transmission (NGTL) system in Alberta, Canada to help increase market access for suppliers in Western Canadian Sedimentary Basin (WCSB). TransCanada’s wholly-owned subsidiary NGTL will be responsible
Linn Energy to Sell Stake in Conventional West Texas Assets for $119.5 Million
February 19, 2018
Linn Energy has agreed to sell its stake in conventional properties located in west Texas to an undisclosed buyer for about $119.5m. The properties to be sold consist of approximately 28,000 net acres in west Texas with 2017 net production
Caliche Starts Construction on NGL Storage Project in Beaumont, Texas
February 19, 2018
Coastal Caverns, a subsidiary of Caliche Development Partners has started construction of a brine pond as part of the Caliche Coastal natural gas liquid (NGL) storage project in Beaumont, Texas. The brine pond has been designed to support the company’s
Freedom Oil & Gas to Commence Four Well Drilling Program in Eagle Ford Shale, Texas
February 19, 2018
Freedom Oil and Gas has mobilized a rig to commence drilling of four horizontal wells in Eagle Ford Shale in the US. The firm has recently contracted the rig to drill four horizontal Eagle Ford Shale wells in Dimmit County,
WildHorse Resource to Sell North Louisiana Assets for $217 Million
February 15, 2018
WildHorse Resource Development (WRD) has agreed to sell its North Louisiana assets to a third party for a price of about $217m. Additionally, WRD could receive contingent payments of up to $35 million based on the number of wells spud
Suncor Energy to Acquire Stake in Syncrude Canada for $730 Million
February 15, 2018
Canadian firm Suncor Energy has agreed to acquire 5 percent stake in the Syncrude Canada from Mocal Energy, a subsidiary of Japan-based conglomerate Mitsubishi, for $730m. Syncrude Canada is a joint venture of Imperial Oil Resources, Mocal Energy, Nexen Oil
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