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KBR Wins FEED Contract for Woodfibre’s LNG Project in Canada
March 23, 2016
US based engineering company KBR has secured a multi-phased contract from Woodfibre to offer front-end engineering and design (FEED) for its liquefied natural gas (LNG) project located near Vancouver. As per the contract, KBR’s Houston office will offer FEED services
AEP Named One of Fortune Magazine’s Most Admired Companies for Third Consecutive Year
March 23, 2016
American Electric Power (AEP) has been named to Fortune magazine’s World’s Most Admired Companies list in the electric and gas utilities sector for the third year in a row. The survey measures nine attributes related to financial performance and corporate
Venoco Files for Chapter 11 Bankruptcy Protection
March 23, 2016
US oil producer Venoco has filed for bankruptcy protection, as the company struggles to sustain its revenues amid a slump in crude oil prices. The company has reached agreement with its creditors to pursue a restructuring plan that aims to
US Oil & Gas Confirms Plans to Re-enter Eblana Oil Well, Nevada
March 23, 2016
US Oil & Gas Plc (USOP) has confirmed its intention to re-enter the Eblana-1 well, at the Hot Creek Valley project in Nevada. The company said the existing well, originally drilled in 2013, will be plugged back to 3,220 feet
Ethane Produced in Ohio Valley Heads to Europe
March 23, 2016
Even as officials in Ohio work to attract the $5.7 billion PTT Global Chemical plant to crack ethane, Sunoco Logistics and Kinder Morgan collectively plan to spend about $3.5 billion moving the material out of the Marcellus and Utica shale
EMCOR Group to Acquire Ardent Services and Rabalais Constructors for $205 Million
March 22, 2016
EMCOR Group, Inc. has entered into a definitive agreement to acquire Ardent Services, L.L.C. and Rabalais Constructors, LLC (collectively, Ardent), leading providers of electrical and instrumentation services to the energy infrastructure market in North America. EMCOR is acquiring privately held
TransCanada to Acquire Columbia Pipeline Group for $13 Billion
March 22, 2016
TransCanada has signed an agreement to acquire Columbia Pipeline Group for CAD$10.2bn ($13bn) in a bid to strengthen its natural gas transmission business. Under the terms of the deal, TransCanada will offer $25.50 per share in cash for each Columbia
U.S. PHMSA Proposes Safety Regulations for Natural Gas Transmission Pipelines
March 22, 2016
The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has proposed regulations to update critical safety requirements for natural gas transmission pipelines. The proposed rule would broaden the scope of safety coverage both by adding new assessment
Paramount Sells Midstream Assets in Calgary to Pembina Pipeline for $600 Million
March 22, 2016
Paramount Resources has signed an agreement to sell Musreau Complex and related midstream assets to a wholly-owned subsidiary of Pembina Pipeline for $600m. The assets considered for the sale include the 50 million cubic feet per day (MMcf/d) refrigeration plant,
Monterra Energy Set to Start Development of Gas Pipeline Project in Central Mexico
March 21, 2016
Monterra Energy plans to build a refined products pipeline to improve efficiency and competition in Central Mexico. The pipeline will address critical infrastructure needs to transport imported refined products from the port of Tuxpan, Veracruz, into Central Mexico near Tula,
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