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NEWS Click on text to read news by category: General | Product | People | Worldwide

Petronet to Invest $2.5 Billion in Tellurian’s Driftwood LNG Project, Louisiana

September 24, 2019

India-based LNG importer Petronet LNG has signed a memorandum of understanding (MOU) to reportedly invest $2.5 billion in Tellurian’s Driftwood LNG project proposed to be built in Louisiana, US. In return, Petronet LNG and its affiliates are expected to be

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Energy in the Spotlight During India’s PM Modi Visit to Houston

September 24, 2019

Energy and business ties between the United States and Indian are the spotlight during Indian Prime Minister Narendra Modi’s weekend visit to Houston. Hours after landing in the Bayou City, the prime minister held a private roundtable on Saturday evening

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NETL Details Latest on Storage Hub Findings for Appalachian Region

September 24, 2019

Findings by the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) paint a picture of potential for the Appalachian region when it comes to ethane storage. Justin Adder is an economist with NETL’s Energy Markets Analysis Team who recently

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Talos Energy Signs Two Exploration Deals with BP and ExxonMobil, Gulf of Mexico

September 24, 2019

US-based oil and gas exploration company Talos Energy has signed two separate agreements with BP and ExxonMobil for new exploration opportunities in the US Gulf of Mexico. As per the terms of the deal signed with BP, Talos agreed to

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McDermott Receives Bids for Acquisition of Its Lummus Technology Business

September 24, 2019

McDermott International revealed that it has received bids from undisclosed parties for the acquisition of 100 percent or part of its Lummus Technology business, valuing it at more than $2.5 billion. The company said that based on the ‘unsolicited’ bids,

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NextDecade Partners with Enbridge to Build Proposed Pipeline for Rio Grande LNG

September 23, 2019

Houston liquefied natural gas company NextDecade is partnering with Canadian pipeline operator Enbridge to build a planned natural gas pipeline to support the proposed Rio Grande LNG export terminal in Brownsville. In a statement released early Wednesday morning, the two

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MMEX Resources Advances Development of Texas Refinery Project

September 23, 2019

MMEX Resources Corp., a development stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and The Americas announced today that it has selected debt and equity sources for financing of its

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Eco-Energy Acquires Continuum Energy’s Stone Mountain Assets

September 23, 2019

North-American bio-fuel marketer Eco-Energy has acquired southern Appalachian natural gas gathering, processing, and terminal assets from Continuum Energy Services for an undisclosed amount. The assets include the Stone Mountain gathering pipeline system, the Stone Mountain processing facility and the Stone

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Judge Approves Tribe’s Petition for Proposed Expansion of Dakota Access Pipeline

September 23, 2019

A judge is allowing the Standing Rock Sioux Tribe to intervene on a proposed expansion of the Dakota Access pipeline. Administrative Law Judge Tim Dawson approved the tribe’s petition for status as an intervenor Thursday in the case before the

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Swagelok Company to Begin Construction on New Global Headquarters and Innovation Center, Ohio

September 20, 2019

Swagelok Company will begin construction on its new Global Headquarters and Innovation Center (GHQ) later this month. The new building, located at the site of the company’s current headquarters in Solon, is 130,000 square feet and will house 250 current

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