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Rice Energy to Acquire Alpha Natural Resources’ Gas Assets for $200 Million
April 15, 2016
Rice Energy Inc. announced it will buy the natural gas assets of bankrupt coal company Alpha Natural Resources Inc. for $200 million if no higher bidders emerge at an auction. The Canonsburg-based oil and gas firm, which once had Alpha’s
Prince Rupert Gas Signs Project Agreements with Takla Lake First Nation and McLeod Lake Indian Band
April 14, 2016
TransCanada Corporation’s Prince Rupert Gas Transmission project (PRGT) has signed project agreements with the Takla Lake First Nation and McLeod Lake Indian Band (MLIB), bringing the total number of project agreements signed on PRGT to 11. The agreements outline benefits
Marathon Oil to Divest U.S. Non-core Assets for $950 Million
April 13, 2016
Marathon Oil has signed agreements to sell certain non-core assets to an undisclosed firm for $950m is a bid to strengthen its balance sheet amid plunging oil price. Under the terms of the deal, the oil and natural gas producer
Kinder Morgan Awards EPCC to IHI E&C for Its $2 Billion Gas Liquefaction Project, Georgia
April 12, 2016
Kinder Morgan subsidiaries Elba Liquefaction Company and Southern LNG Company (SLNG) have awarded engineering, procurement, construction contract to IHI E&C for the proposed $2bn natural gas liquefaction project at Elba Island, near Savannah, Georgia. Under the contract, IHI E&C will
Pembina Pipeline and Kuwait’s PIC Evaluate World-Scale Integrated Polypropylene Facility in Alberta
April 12, 2016
Pembina Pipeline Corporation and Petrochemical Industries Company K.S.C. (PIC), a subsidiary of the Kuwait Petroleum Corporation, will conduct a joint feasibility study for the evaluation of a world-scale combined propane dehydrogenation (PDH) and polypropylene upgrading facility in Alberta. This project
ATCO Emissions Management Changes Its Name to Innova Global
April 12, 2016
Innova Global Limited (Innova) has been selected as the new name for ATCO Emissions Management to better reflect the company’s innovative approach to developing products and providing industry leading solutions and services to our clients. “Innova is inspired by innovation
Heartland Energy Development to Appeal Court Ruling in Denver District, Colorado
April 12, 2016
Heartland Energy Development Corporation (HEDC) has plans to appeal a Denver District court’s April 8, 2016 reversal of its earlier decision in HEDC’s favor. In its 2013 decision, after a seven-day trial, the court ruled that HEDC’s joint venture partnerships
U.S. Government Files Lawsuit to Block Halliburton, Baker Hughes Merger
April 12, 2016
The US government has filed a lawsuit to prevent Halliburton from acquiring Baker Hughes, alleging that the deal would eliminate competition and increase the prices in the oil services sector. The lawsuit reduces the possibility of the completion of the
MRC Global Expands Service to Chevron, Gulf of Mexico
April 11, 2016
MRC Global Inc.‘s subsidiary, MRC Global (US) Inc., has been awarded a new maintenance, repair and operations (MRO) agreement to be a preferred supplier of pipe, valves and fittings (PVF) products and services to Chevron’s operations in the Gulf of
Lucas Energy Secures $15 Million Financing to Fund Growth Initiative, Texas
April 11, 2016
Lucas Energy, Inc. has entered into a series of agreements with an institutional investor whereby it will receive $10.0 million of equity capital, subject to meeting certain conditions. Under the terms of the agreements with the investor, Lucas is to
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