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Howard Energy Launches Open Season for Sabine Bayou Pipeline Near Port Arthur, Texas
April 28, 2017
Howard Midstream Energy Partners, LLC and its subsidiary, GT Pipeline, LLC, has launched a binding open season to secure new shipper commitments for its Sabine Bayou Line, a new pipeline system near Port Arthur, Texas. The open season commenced, April
Hilcorp Energy Affiliate to Acquire ConocoPhillips’ Stake in San Juan Basin for $3 Billion
April 28, 2017
US-based oil producer, ConocoPhillips has agreed to divest its stake in the San Juan Basin in the US state of New Mexico to a Hilcorp Energy affiliate for a price of up to $3bn. ConocoPhillips will receive $2.7bn in cash
AGDC Files FERC Application to Develop Alaska LNG Project
April 28, 2017
The Alaska Gasline Development Corporation (AGDC) has filed an application seeking permission to develop its Alaska LNG project from the Federal Energy Regulatory Commission (FERC) in the US. AGDC’s new liquefied natural gas (LNG) project will be an integrated gas
Transerv Energy Invests C$5 Million in Producing Oil and Gas Assets in Canada
April 28, 2017
Transerv Energy is investing A$4.9 million (C$5 million) for a 20 percent working interest in Point Loma Resources’ producing oil and gas assets in Alberta, Canada. The assets comprise of 210,000 acres (42,000 acres net to Transerv) and existing production
Blackstone to Acquire EagleClaw Midstream Ventures for $2 Billion
April 28, 2017
EagleClaw Midstream Ventures has entered into an agreement to sell the company to funds managed by Blackstone Group for nearly $2bn. The sale agreement has been signed by EagleClaw and its financial sponsor, EnCap Flatrock Midstream with Blackstone Energy Partners
LNG Developer NextDecade to Merge with Harmony in $1 Billion Deal
April 28, 2017
US-based Liquefied natural gas (LNG) developer, NextDecade and Harmony Merger have agreed to merge their businesses with the combined entity expected to be valued at $1bn. The outcome of the all-stock transaction will see privately held NextDecade converting into a
Parkland to Acquire Chevron’s Downstream Fuel Business in Canada
April 27, 2017
Parkland Fuel has entered into an agreement to acquire Chevron’s downstream fuel business in Canada for $1.1bn. The transaction amount also includes payment of an estimated $186m in working capital for the acquired business. As part of the transaction, Parkland
Kinder Morgan, DCP Midstream Sign LOI for Development of Gulf Coast Express Pipeline Project, Texas
April 27, 2017
Kinder Morgan Texas Pipeline (KMTP), a subsidiary of Kinder Morgan, Inc., and DCP Midstream, LP have signed a letter of intent for DCP to participate in the development of the proposed Gulf Coast Express Pipeline Project, which will provide an
Top Ten Countries with World’s Largest Oil Reserves
April 27, 2017
Since the drilling of first oil, the commodity has emerged as an important part of our life. It has been used as fuel for our transport, a fuel to generate electricity to light our homes, run factories and machines, a
Nova to Acquire Williams Partners’ Stake in Geismar Olefins Facility for $2.1 Billion, Texas
April 27, 2017
Nova Chemicals is set to purchase Williams Partners’ 88.46 percent stake in Geismar olefins plant and associated complex for around $2.1bn. The deal will also include the acquisition of around 525 acres of undeveloped land adjacent to the plant, as
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