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Corpac Group Acquires Assets of Pipe Exchange
June 14, 2016
Corpac Group has acquired the assets of Pipe Exchange, including its From the Oil Patch Publication from Merfish Pipe Holdings, LLP. This strategic purchase allows the opportunity for further expansion into North American energy markets. Pipe Exchange will continue to
Spectra Energy Awarded $1.5 Billion Nueces-to-Brownsville Pipeline Project, Mexico
June 14, 2016
Spectra Energy Corp’s subsidiary, Valley Crossing Pipeline, LLC, has been awarded a 168-mile intrastate natural gas pipeline project by the Comisión Federal de Electricidad (CFE) — Mexico’s state-owned utility serving 37 million customers — to provide natural gas transportation services
AEREON Acquires Abutec and Its Brand, Burner Technology Used in U.S. Shale Basins
June 14, 2016
AEREON today announced the acquisition of select assets of Abutec including the Abutec brand, burner technology and QuadO certified enclosed combustors used extensively across the U.S. Shale Basins. Abutec burner technology complies with EPA regulatory standards (QuadO), producing up to
MCW Energy to Resume Oil Sands Production at Utah Facility
June 10, 2016
MCW Energy through MCW Oil Sands Recovery (MCW Oil Sands) announced its plans to resume revenue-generating oil production in June of 2016. MCW’s Chairman, Aleksandr Blyumkin, commented on recent developments with regards to progress being made at its oil sands
Shell to Proceed with Construction of New Petrochemicals Complex, Pennsylvania
June 10, 2016
Shell Chemical Appalachia has made a final investment decision to build a new petrochemical complex in Pennsylvania, US. Planned to be built on the banks of the Ohio River in Potter Township, Beaver County in Pittsburgh, Pennsylvania, the petrochemical complex
Energy Revenue America Focuses on Reopening Coal Bed Methane Gas Wells, Oklahoma
June 9, 2016
Energy Revenue America, Inc. has focused on the acquisition, development and exploration of coal bed methane (CBM) natural gas wells. After spending the past seven months repairing and updating their 65-mile natural gas pipeline, Energy Revenue America is making a
Seventy Seven Energy Files for Court Approval of Prepackaged Reorganization Plan
June 9, 2016
Seventy Seven Energy Inc. has filed a pre-packaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company’s pre-packaged plan provides for a substantial deleveraging transaction
FourPoint Energy Closes Acquisition of Chesapeake’s Western Anadarko Basin Assets for $385 Million
June 8, 2016
FourPoint Energy, LLC has closed on the previously reported acquisition to acquire all of Chesapeake Energy’s remaining Western Anadarko Basin oil and gas assets for a purchase price of $385 million. The transaction was funded by proceeds from equity issued
KP Engineering Acquires McDaniel Process Engineering Consultants
June 8, 2016
KP Engineering (KPE) has completed its acquisition of McDaniel Process Engineering Consultants, Inc. (MPEC). The acquisition of MPEC will enhance KPE’s expertise in refining, midstream and petrochemical process engineering, particularly fractionation applications. “KPE continues to make significant commitments to technical
National Oilwell Varco to Acquire Completion Tools Business of Trican Well Service
June 8, 2016
National Oilwell Varco, Inc. (NOV) has entered into a definitive agreement to acquire the completion tools business of Trican Well Service Ltd. “This transaction represents an exciting step for NOV in expanding the breadth of our completion and production related
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