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Tallgrass Energy Launches Supplemental Open Season for Carpenter Expansion
March 17, 2020
Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline (Pony Express), today announced that due to continued interest in its Carpenter Expansion it is launching a supplemental open season to solicit binding shipper commitments for crude oil transportation from a
Byron Energy Begins Production from SM71 F4 Well, Gulf of Mexico
March 17, 2020
Byron Energy has commenced production from the South Marsh Island 71 F4 Well (SM71 F4 well) in the US Gulf of Mexico. The Australian oil and gas company completed drilling of the SM71 F4 well earlier this month and has
COVID-19 Forces TechnipFMC to Defer Business Separation Plan
March 17, 2020
TechnipFMC said that its plans to split its operations into two separate entities have been deferred owing to the prevailing COVID-19 pandemic and other factors. The oilfield services provider was to spin off its engineering and construction business into a
Oil Price War Will Challenge U.S. Shale, But Producers Will Be Able to Adapt
March 17, 2020
Financial struggles and even bankruptcies may blight US shale as the Russia-Saudi price war unfolds, but this “unconventional” sector will “adjust to the new reality”, according to an analyst. The US industry has been suggested as a target of Moscow’s
TC Energy to Acquire Pioneer Pipeline for $255 Million
March 16, 2020
TC Energy, through its wholly owned subsidiary NOVA Gas Transmission (NGTL), has signed a letter of intent with Tidewater Midstream and Infrastructure and TransAlta to purchase the Pioneer Pipeline for $255 million. Located within Alberta, the pipeline runs from west
Third Train of Freeport LNG Project Enters Final Commissioning Stage, Texas
March 16, 2020
McDermott International and its partners said that the third train of Freeport LNG Development’s Freeport LNG project on Quintana Island in Texas has entered into the final commissioning stage. The company said that the feed gas has been introduced into
Murphy Oil Cuts Capital Spending By 35% Amid Difficult Market Conditions
March 16, 2020
Murphy Oil has slashed his 2020 budget by nearly 35 percent or about $500 million to nearly $950 million citing the prevailing market conditions and the recent volatility in commodity price. The US-based oil and gas company previously allocated a
BJ Services, Aethon Enter Four-Year Contract for Next-Generation Natural Gas Fueled Fracturing Fleet
March 13, 2020
BJ Services has entered into a multi-year contract with Aethon Energy for the deployment of the company’s first TITAN™ next-generation fracturing fleet in the Haynesville shale. Powered by a direct drive natural gas-fueled turbine, the first TITAN prototype pump has
DOE Suspends Sale of Crude Oil from Strategic Petroleum Reserve
March 13, 2020
The U.S. Department of Energy (DOE) is suspending its recently announced sale of crude oil from the strategic petroleum reserve (SPR). “In light of the recent fluctuations in global oil markets, the U.S. Department of Energy is suspending the recently
Husky Energy Cuts 2020 Spending By $1 Billion
March 13, 2020
Husky Energy is taking a series of actions to fortify its business in response to challenging global market conditions. These initiatives reflect the company’s commitment to capital discipline, which includes maintaining the strength of its balance sheet while protecting value
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