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ExxonMobil Renews Longstanding Commitment to Women’s Economic Empowerment
November 6, 2018
In recognition of International Women’s Day, ExxonMobil said that it is providing $7 million in grants in 2018 to renew support for local and global organizations working to empower women economically. • $7 million to support research, women entrepreneurs and
First Reserve to Acquire Dominion’s Stake in Blue Racer Midstream for $1.5 Billion
November 5, 2018
US-based private equity firm First Reserve has agreed to buy out Dominion Energy’s stake of 50 percent in Blue Racer Midstream for total consideration of up to $1.5bn. As per the terms of the agreement, First Reserve will pay Dominion
Buckeye Partners to Sell Stake in Energy Storage Provider VTTI for $975 Million
November 5, 2018
Buckeye Partners has signed an agreement to sell its 50 percent stake in VTTI, a global independent provider of energy storage, to Vitol and IFM for $975m. Vitol Investment Partnership II Ltd (VIP), an investment vehicle sponsored and managed by
Why Majors Will Take a Bigger Role in U.S. Shale
November 5, 2018
Independent producers will forever be pioneers of the U.S. shale sector, but as the play matures, expect major oil companies to play a growing and critical role in its future development. Majors, with their financial strength and integrated solutions, are
Cyber Security Highlighted at Shale Insight Conference Held in Pittsburgh
November 5, 2018
The second day of the 2018 Shale Insight Conference began with a look at research going on in Morgantown to help the natural gas industry overcome some of its challenges, along with a presentation on industry cybersecurity. Paul Ziemkiewicz, director
MGX Minerals to Process First Oil & Gas Wastewater in November, Canada
November 2, 2018
MGX Minerals’ engineering partner PurLucid Treatment Solutions has deployed the first advanced wastewater treatment system in Alberta. The customer will pay C$35 per cubic meter for evaporator blowdown wastewater (EBD) processing. Delivery of first EBD wastewater is expected to occur
Blackstone Energy Partners Acquires Ulterra Drilling Technologies
November 2, 2018
Blackstone Energy Partners has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities. American Securities and certain members of management will retain a minority equity interest in the company going
Nine Energy Service Completes Acquisition of Magnum Oil Tools for $493 Million
November 2, 2018
Nine Energy Service, Inc. has officially completed the acquisition of Magnum Oil Tools International, a market-leading downhole technology provider serving the global oil and gas industry for over a decade. Magnum has a broad offering of proprietary downhole completions products,
Salt Creek Midstream Secures $650 Million to Advance Delaware Basin Assets
November 2, 2018
Salt Creek Midstream, a portfolio company owned by funds managed by the private equity group of Ares Management and ARM Energy Holdings has closed a four-year, $650 million term loan through Deutsche Bank. The proceeds will fund the continuing development
Whiteford Expands in Pittsburgh with Addition of Oil and Gas Group
November 2, 2018
Whiteford Taylor & Preston continued expansion of its Pittsburgh office with the addition of an oil and gas group led by Dennis R. Very and including Robert J. Waine. “We are very pleased to welcome Dennis and Bob to the
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