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AGDC Secures Final EIS from FERC for Its $45 Billion Alaska LNG Project
March 12, 2020
The $45 billion Alaska LNG Project proposed to be developed by the Alaska Gasline Development Corporation (AGDC) has been issued a final environmental impact statement (EIS) from the staff of the Federal Energy Regulatory Commission (FERC). The FERC staff concluded
Basic Energy Services Acquires NexTier’s Well Services Business for $94 Million
March 12, 2020
Wellsite services company Basic Energy Services has purchased NexTier’s well services business for around $94 million. NexTier production operations, known as C&J Well Services, is claimed to be the third largest rig servicing provider in the US. Originally formed by
Technip Secures FEED Contract for Mexico Pacific’s MPL LNG Project
March 12, 2020
Mexico Pacific (MPL) has awarded a front end engineering design (FEED) contract to Technip USA for its MPL LNG project to be developed on the west coast of Mexico. The signing of the contract marks one of the final milestones
International Petroleum Completes Acquisition of Granite Oil
March 12, 2020
Canada-based oil and gas company, International Petroleum (IPC) has completed the acquisition of Granite Oil, a Canadian oil producer. The acquisition follows an agreement signed by IPC to acquire Granite Oil in January this year for approximately $59 million. Through
WPX Completes Acquisition of Felix Energy
March 11, 2020
WPX Energy (NYSE:WPX) has completed the acquisition of Felix Energy, which has operations in the eastern portion of the Permian’s Delaware Basin. “I want to thank the Felix team for working with us to complete the transaction a month ahead
Energy Transfer Launches Binding Supplemental Open Season for Bayou Bridge Pipeline System
March 11, 2020
Energy Transfer’s subsidiary, Bayou Bridge Pipeline, launched a binding supplemental open season to solicit additional shipper commitments for transportation service from Nederland, Texas to Lake Charles, Louisiana through the Bayou Bridge Pipeline System. Bayou Bridge anticipates that incremental capacity on
New Fortress Energy Advances Construction of LNG Terminal in Mexico
March 11, 2020
New Fortress Energy continues to advance construction of a liquefied natural gas (LNG) receiving and regasification terminal in the port of Pichilingue, Baja California Sur, Mexico. Over the past months, marine work has been underway at the site of the
FORGE Hydrocarbons Secures Investment to Build $30 Million Biofuel Production Plant, Ontario
March 11, 2020
FORGE Hydrocarbons, a Canadian biofuel start-up, has received an equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies, which will help build a first-of-its-kind CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario. The capacity of
Oxea Joins Eight Other Companies to Create New, Integrated Energy Company OQ
March 11, 2020
The chemical company Oxea, part of the Oman Oil Company & Orpic Group, joins eight other companies in a process to create a new, integrated energy company OQ. OQ aims to become a global leading energy company, capturing and capitalizing
Trafigura Forms JV with Phillips 66 for Deepwater Texas Oil Port
March 10, 2020
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project. The Bluewater Texas Terminal, to
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