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ConocoPhillips to Sell Barnett Assets for $305 Million
July 13, 2017
ConocoPhillips has entered into a definitive agreement to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million plus net customary adjustments. Proceeds from this transaction will be used for general corporate
Evolution Midstream Closes Acquisition of Rowdy Gas Gathering System, Wyoming
July 13, 2017
Evolution Midstream, LLC has closed on acquisition of the Rowdy Gas Gathering System. The Rowdy System is strategically located in the heart of Wyoming’s Powder River Basin and serves oil and gas producers in Campbell, Converse and Johnson counties. “As
CB&I Secures $200 Million Contract to Build Two LNG Storage Tanks, Louisiana
July 11, 2017
CB&I has received a $200m engineering, procurement and construction (EPC) contract from Venture Global LNG, for the construction of two liquefied natural gas (LNG) storage tanks in the US state of Louisiana. The storage tanks will be constructed for Venture
Southern Power and Wartsila to Develop Two Large Gas Power Plants in U.S.
July 11, 2017
Finland-based power generation technology provider Wartsila has signed a memorandum of understanding (MoU) with Southern Company subsidiary Southern Power to develop two flexible gas power plant projects in the US. The power plants are expected to as large as 450
Vistra Energy to Acquire CCGT Facility in Texas for $350 Million
July 11, 2017
Vistra Energy has agreed to acquire 1,054MW combined cycle, combustion turbine power plant from Koch Ag & Energy Solutions for around $350m. The combined cyclegas turbine (CCGT) project is situated in Odessa, Texas. The deal will gain access to supply
Trilogy Energy to Merge with Canada’s Paramount Resources in Share Exchange Deal
July 10, 2017
Canadian petroleum and natural gas firm Trilogy Energy has agreed to merge with rival Paramount Resources in a share exchange deal. Under the terms, the Canadian petroleum company Paramount will acquire 100 percent of the shares of Trilogy, offering one
Liquefied Natural Gas Secures $1.5 Billion Commitment for Magnolia LNG Project, Louisiana
July 10, 2017
Liquefied Natural Gas Ltd (LNGL) has secured a commitment of up to $1.5bn from Stonepeak Partners for its Magnolia LNG project in the US. LNGL owns 100 percent ownership in Magnolia LNG, which is developing 8 million tonne per annum
Halliburton Acquires Electric Submersible Pump Provider Summit
July 10, 2017
Halliburton has acquired Summit ESP, a provider of electric submersible pump (ESP) technology and services to the oil production sector for an undisclosed price. Based in Tulsa in Oklahoma, Summit is into engineering, manufacturing and servicing of a comprehensive product
KBJ Secures EPC Contract for Jordan Cove LNG Project, Oregon
July 10, 2017
KBJ, a joint venture of Kiewit Energy Group, Black & Veatch Construction and JGC US Projects, has secured an engineering, procurement and construction (EPC) services contract for Jordan Cove LNG project in the US. Under the deal, KBJ will provide
Exelon Receives Power Plant Honors
July 7, 2017
Exelon operates the cleanest fleet of power plants among the nation’s largest power producers and its utilities rank among the most energy efficient in the nation, according to two recent industry reports. Based on U.S. Energy Information Administration and Environmental
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