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Martin Midstream Sells Its East Texas Pipeline for $17.5 Million
August 16, 2019
Martin Midstream Partners has sold its East Texas Pipeline to an undisclosed buyer for approximately $17.5 million. “The East Texas Pipeline sale is one more step along the partnership’s strategic path of selling non-core assets and using the proceeds to
Australia-based Clough Secures $620 Petrochemical EPC Project in U.S.
August 16, 2019
Clough USA has secured a limited notice to proceed (LNTP) for a confidential Petrochemical EPC project in the US market. Full notice to proceed is expected to be released in October this year. This US$620 million project signifies Clough USA’s
Produced Water Reuse Report Offers Insight, Path Forward for Permian Basin
August 15, 2019
“One of the things that strikes me is there is a lot of negativity,” said Michael Dunkel, as he opened the second day of the Produced Water Society Permian Basin’s conference at the Horseshoe. He told those in attendance that
DOE’s Winberg Talks About West Virginia’s Petrochemical Future
August 15, 2019
Steven Winberg, the U.S. Department of Energy’s assistant secretary for fossil fuels, says a renaissance is coming to the Appalachian region. While speaking before members of the Independent Oil and Gas Association of West Virginia during the organization’s annual Summer
Mountain Valley Pipeline Faces Fresh Lawsuit from Conservation Groups, Virginia
August 15, 2019
The Mountain Valley Pipeline, a proposed 487.6km underground, interstate natural gas pipeline system in the US, has been hit with a fresh lawsuit from conservation groups. The latest lawsuit filed with the Fourth Circuit Court of Appeals in Richmond, Virginia,
Air Products Acquires GE’s Gasification Business and Technology
August 15, 2019
Air Products, a US-based provider of gases and chemicals for industries, has completed the acquisition of gasification business from General Electric (GE)’s business arm GE Power. The acquisition of its gasification business includes GE’s share in a 50/50 joint venture
Alliance Resource Partners Acquires Oil and Gas Mineral Interests for $145 Million
August 14, 2019
Alliance Resource Partners has completed the acquisition of oil and gas mineral interests from Wing Resources and Wing Resources II for a cash purchase price of $145 million. The transaction increases ARLP’s presence in the Permian Basin through the addition
Williams Seeks FERC Approval for Leidy South Project to Increase Marcellus & Utica Takeaway Capacity
August 14, 2019
Williams said that its Transco interstate pipeline has filed an application with the Federal Energy Regulatory Commission (FERC) seeking authorization for its Leidy South project, which is proposed to connect robust supplies of natural gas in the Marcellus and Utica
Hi-Tech Industrial and Titan Group Join Forces to Form Taurus Industrial Group
August 14, 2019
Hi-Tech Industrial and Titan Group, along with their affiliated operating companies, have agreed to join forces. The group of companies will be organized under the umbrella of Taurus Industrial Group, an SCF Partners portfolio company, and will continue to market
Prostar Acquires NuStar Energy’s St. Eustatius Terminal for $250 Million, Caribbean
August 14, 2019
NuStar Energy has closed on the sale of its oil storage terminal on the island of St. Eustatius in the Caribbean, as well as related assets, to Prostar Capital for $250 million. “Selling the Caribbean terminal at an attractive multiple
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