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PSEG Power Connecticut to Begin Construction of $550 Million Gas-fired Plant
February 18, 2016
PSEG Power Connecticut has cleared 485 MWs of Installed Summer Capacity from a new gas-fired combined-cycle power plant in the ISO-New England Forward Capacity Auction. PSEG Power Connecticut expects to begin construction of the clean, natural gas-fired plant in 2017.
Tiger Capital Group and Liquidity Services Launch Partnership Focused on Oil and Gas Sector
February 18, 2016
Tiger Capital Group and Liquidity Services have launched a partnership geared toward helping insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, as well as directly assist companies seeking to sell surplus assets. As
FirstEnergy’s Pennsylvania Utilities Receive Approval for $245M Infrastructure Improvement Plans
February 18, 2016
FirstEnergy Corp. subsidiaries Pennsylvania Power Company (Penn Power), West Penn Power Company (West Penn Power), Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec) have received approval from the Pennsylvania Public Utility Commission (PPUC) for long term infrastructure improvement plans
Blackhill Partners Completes Restructuring of TransCoastal Corporation
February 18, 2016
Blackhill Partners has completed a restructuring for TransCoastal Corporation, including guiding the company through a pre-packaged bankruptcy in 36 days. TransCoastal, a Dallas-based independent oil and gas company focused on the acquisition of producing oil and gas properties, retained Blackhill
Flotek Report: Effectiveness of CnF on Improving Horizontal Well Performance
February 18, 2016
Flotek Industries, Inc. has released a study regarding the effectiveness of the company’s suite of Complex nano-Fluid® completion chemistries (CnF®) in the Denver Julesburg Basin (D-J Basin) by MHA Petroleum Consultants, LLC. MHA was retained by the special technical committee
Southern Power Nears Permits for Construction of Jackson County Generating Facility, Texas
February 17, 2016
The Southern Power Co. unit of Southern Co. is nearing final decisions from the Texas Commission on Environmental Quality for issuance of two air permits that would authorize construction of the Jackson County Generating Facility, which is a 920 MW,
NRG Energy’s Canal 3 Project Clears ISO-NE Capacity Auction, Massachusetts
February 15, 2016
NRG Energy, Inc.‘s Canal 3 development project, a 333 MW gas turbine peaker, cleared the ISO-New England tenth forward capacity auction at a price of $7.03/Kw-month. Canal 3’s selection demonstrates the value of new fast-start, flexible power generation in a
Williams Partners Executes Agreements to Serve Two Gulf Coast LNG Export Facilities
February 15, 2016
Williams Partners L.P. has executed long-term contracts with two shippers for Gulf Connector, a 475,000 dekatherm per day expansion of the Transco pipeline system to connect U.S. natural gas supplies with global liquefied natural gas (LNG) markets. Gulf Connector will
Texas-based Black Mountain Oil and Gas Enters Partnership with Natural Gas Partners
February 15, 2016
Black Mountain Oil & Gas, LLC has closed a $150 million equity commitment from Natural Gas Partners (NGP) through NGP Natural Resources XI, L.P., the most recent NGP private equity fund focused on natural resources. The Black Mountain management team
Blackstone Forms Partnership for Offshore Oil & Gas Drilling Services
February 15, 2016
Blackstone has formed Clarion Offshore Partners LLC, a new platform to provide strategic solutions to the offshore oil and gas drilling and services sector, with a financial commitment from private equity funds managed by Blackstone. Clarion’s investment mandate is broad
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