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Pennsylvania’s West Penn Power Celebrates 100th Anniversary
March 3, 2016
Tracing its roots to a collection of companies that once generated power to illuminate downtown streetlights and operate electric passenger railways, West Penn Power, a FirstEnergy Corp. subsidiary, marks its 100th anniversary on March 1. “The world has changed immeasurably
Bechtel Commissions First LNG Cargo from Louisiana’s Sabine Pass Train 1 Heading to Brazil
March 2, 2016
The first commissioning cargo with liquefied natural gas (LNG) from Train 1 at Sabine Pass Liquefaction project departed February 24 aboard LNG carrier Asia Vision and is heading to Brazil. Bechtel is the lump-sum turnkey contractor for the five liquefaction
ClearMetal Unveils First Predictive Intelligence Platform for Shipping Logistics
March 2, 2016
ClearMetal has launched the first predictive intelligence platform built to solve a top shipping industry problem — knowing how to manage all assets efficiently. Using a groundbreaking approach, the ClearMetal Predictive Intelligence Platform drives profitability by eliminating uncertainties and giving
Monitor Deloitte Report: Innovation State of Play, Oil and Gas Edition
March 2, 2016
Pressures are greater than ever for the Canadian oil and gas industry as it’s faced with simultaneous pressures to reduce production costs, achieve greater environmental targets and satisfy a complex stakeholder environment. Embracing innovation is the industry’s only option. According
Woodside Energy and Sempra to Advance Development of Port Arthur LNG Facility, Texas
March 2, 2016
Australian petroleum exploration and production company Woodside Energy has signed an agreement with Sempra LNG & Midstream to advance the development of the planned Port Arthur LNG liquefaction facility in Port Arthur, Texas, US. Planned to be built about 140km
Oil Prices Rally Amid Latest Saudi Pledge
March 2, 2016
Crude prices kept higher on Monday amid reports of a new supportive pledge out of the Middle East. Saudi Arabia, the world’s largest producer and the driving force behind OPEC, has said it may work with other producers to limit
Western Gas to Acquire Anadarko Petroleum’s Springfield Pipeline for $750 Million, Texas
March 1, 2016
Western Gas Partners, LP has agreed to acquire a 100 percent interest in Springfield Pipeline LLC from Anadarko Petroleum Corporation for $750.0 million. Springfield’s sole asset is a 50.1 percent interest in the Springfield oil and gas gathering system, which
Virtus Oil and Gas Signs LOI to Purchase Oil and Gas Field in San Juan County, Utah
March 1, 2016
Virtus Oil and Gas Corporation has signed a letter of intent with a US subsidiary of an international oil and gas company, to acquire its U.S. operated, producing oil and gas fields in San Juan County, Utah. Under the terms
RimRock Oil & Gas Secures $500 Million for Acquisitions and Developments in U.S. and Canada
March 1, 2016
RimRock Oil & Gas has secured a $500 million line-of-equity investment from Warburg Pincus, a global private equity firm focused on growth investing. RimRock intends to focus on the acquisition and development of unconventional oil and gas assets across select
Carry the Kettle First Nation and TransCanada Reach Agreement to Bolster Long-Term Relationship
March 1, 2016
TransCanada Corporation and Carry the Kettle First Nation have reached the terms for an agreement that sets out the vision of a collaborative and respectful long-term relationship. “This agreement acknowledges the unique 60-year relationship between TransCanada and Carry the Kettle
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