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Crude at $10 Already a Reality for Canadian Oil-Sands Miners
January 15, 2016
Think oil in the $20s is bad? In Canada they’d be happy to sell it for $10. Canadian oil sands producers are feeling pain as bitumen — the thick, sticky substance at the center of the heated debate over TransCanada
AspenTech to Acquire KBC Advanced Technologies for $230 Million
January 14, 2016
Aspen Technology, Inc. subsidiary, ATI Global Optimisation LTD, will acquire KBC Advanced Technologies plc. The transaction values KBC at approximately £158 million or approximately $230 million at the current exchange rate. The transaction will be funded by cash on hand
Invictus Energy Receives $150 Million Equity to Pursue Lease & Drill Opportunities in North America
January 14, 2016
Invictus Energy, LLC has received a $150 million equity commitment from Kayne Anderson Energy Funds and members of the management team. Invictus is being formed to pursue lease and drill opportunities in North America. Invictus is a newly formed independent
Xcel Energy Awards $2 Million Contract for Progressive Water Treatment, Minnesota
January 14, 2016
Xcel Energy has awarded Progressive Water Treatment Inc., a subsidiary of OriginClear Inc., a large-scale contract for a boiler feedwater treatment system. The contract totals nearly two million dollars and uniquely utilizes all Dow Chemical products, including ultrafiltration (UF), reverse
Concord Engineering Wins Engineer Contract for PSEG Keys Energy Center, Maryland
January 14, 2016
Concord Engineering was recently selected by PSEG as their owner’s engineer for a 755 MW power plant through a competitive bidding process between multiple firms based on its experienced combined-cycle engineering staff and the company’s success with previous PSEG projects.
Ener-Core Completes Construction of 2-MW Power Oxidizer Unit, California
January 14, 2016
Ener-Core, Inc. has completed primary construction of the first-ever 2 MW-sized power oxidizer in December 2015. The unit was assembled on the industrial site of Combustion Associates, Inc. in Corona, CA, and will be integrated with a gas turbine to
Halliburton and Baker Hughes Respond to European Commission Action
January 14, 2016
Halliburton Company and Baker Hughes Incorporated have noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the
GE Moves Headquarters to Boston
January 14, 2016
GE has selected Boston for its corporate headquarters location. “GE aspires to be the most competitive company in the world. Today, GE is a $130 billion high-tech global industrial company, one that is leading the digital transformation of industry. We
Fluor Named Best Company for Leaders by Chief Executive Magazine
January 14, 2016
Fluor Corporation was named to the 2016 list of best companies for leaders by Chief Executive magazine. Fluor was No. 13 (out of 40) on the list and the only publicly-traded engineering-construction company recognized. “Fluor is proud to be recognized
Grand Mesa Pipeline Set for Open Season Q2 for Colorado-Oklahoma Oil Pipeline
January 13, 2016
Grand Mesa Pipeline, LLC, a subsidiary of NGL Energy Partners LP, will be conducting an additional open season for its 20-inch pipeline that originates at Lucerne / Riverside, Colorado, and will deliver at least two grades of crude oil from
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