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Regulators Suspend Operations of Husky Energy’s SeaRose FPSO Over Iceberg Incident, Canada
January 25, 2018
Regulators have suspended operations at Husky Energy’s SeaRose production vessel offshore Newfoundland and Labrador in Canada for its way of handling an iceberg incident at the White Rose oilfield in March 2017. The company said that it will start taking
Appalachia Development Group to Submit $1.9 Billion DOE Loan for Appalachia Storage & Trading Hub
January 24, 2018
Appalachia Development Group, LLC, (ADG) has been invited to submit a Part II Application for a loan guarantee under the U.S. Department of Energy (DOE) Title XVII Loan Guarantee Program. The invitation for the Part II application is for a
MGX Minerals Partners with Highbury to Extract Nickel, Vanadium, and Cobalt from Petroleum Coke
January 24, 2018
MGX Minerals Inc. has engaged Highbury Energy Inc. to assist in preparing a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke. “Similar to advancements made by the company over the last year in treating
TransCanada Secures Major Shipper Commitments for $8 Billion Keystone XL Pipeline
January 23, 2018
TransCanada said that it has secured enough shipper commitments to proceed with its $8bn Keystone XL pipeline project. The energy infrastructure company, which has just concluded an open season for the near 1,900km pipeline system, has secured about 500,000 barrels
Plains All American to Move Ahead with Construction of Cactus II Pipeline, Texas
January 23, 2018
Plains All American Pipeline (PAA) has received sufficient binding commitments on its initial open season to move ahead with the construction of Cactus II Pipeline, a new pipeline system from the Permian Basin to the Corpus Christi/Ingleside area. Permitting, right-of-way
Warburg Pincus Invests $150 Million in Newly Formed Company Stronghold Energy II
January 23, 2018
Funds affiliated with Warburg Pincus have provided a line of equity financing of about $150m to Warburg Pincus a newly formed oil and gas exploration and production company. Formed in December 2017 and headquartered in Midland, Texas, Stronghold Energy II
LLOG Begins Development Drilling at Buckskin Project, Gulf of Mexico
January 23, 2018
LLOG Exploration said that development drilling operations have commenced at the Buckskin project in the deepwater Gulf of Mexico. Buckskin is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 6,800 feet of water and
Kinder Morgan Delays Trans Mountain Pipeline Expansion Project Amid Regulatory Hurdles, Canada
January 23, 2018
Kinder Morgan Canada revealed that the commissioning of the C$7.4bn ($5.5bn) Trans Mountain pipeline expansion project in Canada will be delayed further by three months, to December 2020. The pipeline expansion project has been facing regulatory hurdles caused by relentless
FERC Approves Canada-based Hydro One’s $5.3 Billion Merger with Avista
January 22, 2018
The US Federal Energy Regulatory Commission (FERC) has approved Ontario-based electricity distributor Hydro One’s proposed $5.3bn merger deal with US-based energy company Avista. In July 2017, Hydro One agreed to merge with Avista, to form one of the major companies
CNX Resources Releases 2018 Capital Budget of $790-$880 Million and Operational Forecast
January 19, 2018
CNX Resources Corporation released an updated 2018 capital expenditure forecast of $790-$880 million, excluding the recent acquisition of the general partner interest of CNX Midstream Partners. The 2018 budget includes $515-$580 million of drilling and completion (D&C) capital and approximately
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