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Repsol to Acquire Equinor’s South Texas Eagle Ford Shale for $325 Million
November 11, 2019
Equinor sells Eagle Ford position for $325 million to Repsol By Jordan Blum Updated 3:23 pm CST, Thursday, November 7, 2019 Norway’s Equinor said it will sell its position in South Texas’ Eagle Ford shale for $325 million to the
OPEC Sees Its Market Share Shrinking for Years as Shale Triumphs
November 11, 2019
OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood of U.S. shale supplies. The
ExxonMobil and FuelCell Energy Expand Agreement for Carbon Capture Technology
November 8, 2019
ExxonMobil and FuelCell Energy have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will focus efforts on
Total Safety Acquires Pacific Coast Tool to Expand Its Presence in Power Utility Segment
November 8, 2019
Total Safety has acquired Pacific Coast Tool (Pac Coast) to expand its distribution offerings to power utility customers. Pac Coast is based in Southern California serving utility and industrial customers with supplies, tools and safety products. Pac Coast will operate
Halliburton Charity Golf Tournament Raises $4.5 Million for Nonprofit Organizations Across the U.S.
November 8, 2019
The 25th annual Halliburton Charity Golf Tournament raised $4.5 million for over 100 nonprofit organizations in Houston and across the U.S, once again making it one of the largest non-PGA golf tournament fundraisers in the U.S. This amount includes a
GuildOne Presented with Deloitte’s Technology Fast 50™ Program Award
November 8, 2019
GuildOne Inc. has been presented with the Deloitte Technology Fast 50™ program award, which is based on rapid revenue growth, entrepreneurial spirit and bold innovation. The program recognizes Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the
Virtual Reality Technology is Having Transformational Impact on Oil and Gas Industry
November 7, 2019
The increasing commercial availability and adoption of virtual reality (VR) technology is having a profound transformational impact across the oil and gas industry value chain. Whether deployed in cases of project design, training, maintenance reviews or responding to operational incidents,
TC Energy to Invest $910M to Expand NOVA Gas Transmission and Foothills Pipeline Systems
November 7, 2019
TC Energy is set to undertake a C$1.2 billion ($910 million) expansion of the NOVA Gas Transmission (NGTL) and Foothills pipeline systems in Western Canada under the West Path Delivery Program. The expanded natural gas pipelines will connect to the
IFM Investors Completes Acquisition of Buckeye Partners
November 7, 2019
Australian investment management firm IFM Investors, through its affiliated entities, has completed the acquisition of US-based midstream energy company Buckeye Partners. Under the terms of the merger agreement signed in May 2019, a wholly owned subsidiary of the IFM Global
Husky Energy Closes on Sale of Its Prince George Refinery for $163 Million
November 7, 2019
Canadian integrated energy company Husky Energy has closed the sale of Prince George Refinery to Tidewater Midstream and Infrastructure for C$215 million ($163.6 million). Located in Prince George City, British Columbia, Canada, the Prince George Refinery is capable of processing
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