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HOP Energy Acquires Kosco Heritage Energy
June 24, 2019
HOP Energy, the largest privately-owned specialty distributor of heating oil, propane, and other petroleum products, has completed the acquisition of Kosco Heritage Energy (KHE). Founded over 50 years ago and based in Kingston, NY, KHE primarily engages in the distribution
Quorum Software Acquires Dallas-based Archeio Technologies
June 21, 2019
Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, has acquired Dallas-based Archeio Technologies, the leading provider of oil and gas document classification and smart search technology. The acquisition
NuStar Energy Launches Binding Open Season for Expansion of Its Valley Pipeline System, Texas
June 21, 2019
NuStar Energy has launched its binding open season for committed refined product transportation on the expanded capacity of its Valley Pipeline System in South Texas. The Valley Pipeline System is an approximately 196-mile refined products pipeline from the Corpus Christi,
Brazos Midstream Executes Delaware Basin Gathering System Agreement with Shell Exploration
June 21, 2019
Brazos Midstream has executed gathering and processing agreements with Shell Exploration & Production to construct a new natural gas gathering system located in the core of the Delaware Basin. Brazos’ new midstream infrastructure is anchored by fifteen year, fee-based acreage
Canadian Government Approves Trans Mountain C$7.4 Billion Expansion Project
June 20, 2019
The Canadian government has approved Kinder Morgan’s C$7.4 billion (£4.41 billion) Trans Mountain expansion project (TMX project) citing that the pipeline expansion project is in national interest and will address environmental concerns associated with it. TRANS MOUNTAIN PIPELINE EXPANSION PROJECT
Oilfield Services Firms C&J Energy and Keane Sign $1.8 Billion Merger Deal
June 20, 2019
C&J Energy Services has agreed to merge with rival Texas-based oilfield services provider Keane Group in an all-stock deal to create a diversified oilfield services company worth around $1.8 billion (£1.44 billion), which includes net debt of $255 million (£203.42
GlobalData Report: Oil and Gas Looking to Robotics to Boost Productivity
June 20, 2019
Several major oil and gas firms are looking to use robotics and automation as a means to solve several complex challenges faced by the industry. Automation began entering the oil and gas industry in the 1990s Amid volatile crude prices,
Chisholm Oil and Gas and Gastar Merge to Create Leading STACK E&P Company
June 19, 2019
Chisholm Oil and Gas of Tulsa, Oklahoma and Gastar Exploration of Houston, Texas have entered into definitive agreements to effect a merger between the two companies. The combined company, which will operate under the name Chisholm Oil and Gas and
Prime Rock Resources, New Dawn Energy to Jointly Develop Assets in Emerging Austin Chalk Play
June 17, 2019
Prime Rock Resources and New Dawn Energy have signed an agreement to jointly develop certain assets contributed by each company in central Louisiana targeting the emerging Austin Chalk play. The development area covers approximately 120,000 net acres in Allen, Avoyelles,
PBF Energy to Acquire Shell’s Martinez Refinery for $1 Billion, California
June 17, 2019
US petroleum refining company PBF Energy’s subsidiary PBF Holding has agreed to acquire Royal Dutch Shell’s 157,000 barrel-per-day Martinez Refinery and associated logistics assets in California for $1billion (£790 million). Along with the cash consideration, Shell, which is undertaking the
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