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Nautilus Data Technologies Closes $100 Million Capital Partnership with Orion Energy Partners
May 28, 2020
Nautilus Data Technologies has closed a multi-draw, senior secured debt facility with Orion Energy Partners for the commissioning of a 6.0MW colocation data center located in Stockton, California and construction of additional data center projects in the Nautilus pipeline. Nautilus
Basic Energy Services Consolidates Regional Operations
May 28, 2020
Basic Energy Services has implemented changes to the organizational structure of the company, reducing the number of operating regions from five to three. Basic believes this internal consolidation will result in approximately $20 million in annual cost savings. To further
Chevron Discusses Business Operations at Annual Stockholders Meeting
May 28, 2020
Chevron Corporation provided an overview of the company’s work to respond to the COVID-19 pandemic at its 2020 annual meeting of stockholders. This year’s meeting was virtual in place of an in-person event due to safety concerns related to the
AGDC’s $45 Billion Alaska LNG Project Gets Federal Approval
May 27, 2020
The Alaska Gasline Development Corporation (AGDC) has secured conditional approval from the US Federal Energy Regulatory Commission (FERC) for the $45 billion Alaska LNG project. The authorization allows AGDC to site, construct and operate the Alaska LNG project, which will
ONEC Logistics Partners with IBS Software for LNG Project in Northwest British Columbia
May 27, 2020
SaaS solutions provider IBS Software has signed a long-term SaaS contract with ONEC Logistics Kitamaat LP (Partnership between Haisla Nation and ONEC Logistics Inc.) to provide its integrated logistics management technology platform (iLogistics on cloud). As part of the agreement,
TC Energy Completes Sale of 65% Stake Coastal GasLink Pipeline Project
May 27, 2020
Canada-based energy company TC Energy has announced the completion of the sale of a 65 percent stake in a Coastal GasLink pipeline project. In December last year, TC Energy entered into an agreement to sell the stake in the pipeline
Matrix Service Secures EPC Contract for LNG Liquefaction Facility
May 27, 2020
Matrix Service has secured an engineering, procurement, fabrication and construction (EPC) from an unnamed utility for a new LNG liquefaction facility in the western US. The new facility will be built to meet system reliability for the supply of natural
Refinery Ventures Executes Letter of Intent to Acquire Laconic Enterprises
May 26, 2020
Matthew Bassett, CEO and chairman of Bassett Financial Corporation, the financial advisor for Refinery Ventures Corporation, has executed a letter of intent to acquire all of the issued and outstanding shares of Laconic Enterprises. Refinery Ventures Corporation will change its
Oklahoma-based Unit Corporation Voluntarily Files Chapter 11
May 26, 2020
Unit Corporation has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division to effectuate a pre-negotiated Chapter 11 plan of reorganization that will
BLM Delays Auction of Oil and Gas Leases in New Mexico
May 22, 2020
The Trump administration abruptly postponed an auction of oil and gas leases in New Mexico that had been scheduled to begin on Wednesday morning without providing a reason for the move. Bureau of Land Management (BLM) spokeswoman Allison Sandoval confirmed
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