NEWS — Click on text to read news by category: General | Product | People | Worldwide
Ohio Valley Set to Supply Nearly Half of U.S. Natural Gas by 2040
March 28, 2019
The Marcellus and Utica shale formations are among the largest sources of natural gas and natural gas liquids in the world, and their production will increase exponentially in the next two decades. That’s according to an IHS Markit study released
Consumption of Natural Gas Sets New Record
March 28, 2019
Consumption of natural gas set a new record last year, reflecting increased demand from natural gas fired power producers and bouts of extreme weather. Natural gas consumption increased 10 percent last year to 82.1 billion cubic feet per day, the
Kinder Morgan Sells Stake in Offshore Crude Oil Export Terminal Texas COLT
March 28, 2019
Houston pipeline operator Kinder Morgan has sold its stake in a proposed offshore crude oil export terminal in the Gulf of Mexico known as Texas COLT, the company confirmed. Financial terms of the deal were not disclosed, but Kinder Morgan
BP Sets Up $100 Million Fund for Emissions Reductions Projects
March 28, 2019
London-based oil and gas company BP has announced a $100 million fund for the projects that reduces emission of new greenhouse gas (GHG) in its upstream oil and gas operations. BP has named the new fund as the Upstream Carbon
Energy Transfer and Shell Sign Agreement to Further Progress Lake Charles LNG Project, Louisiana
March 27, 2019
Energy Transfer and Shell US LNG have signed a project framework agreement (PFA) that provides the framework to further develop a large-scale LNG export facility in Lake Charles, Louisiana toward a potential final investment decision (FID). In addition, the parties
Texas Sand Mining Companies Launch New Association
March 27, 2019
A consortium of leading Texas sand mining companies have launched a new association focused on promoting environmental stewardship, economic growth, and policy education. The Industrial Sand Producers of Texas (ISPOT) will coordinate between industry, local communities, and government officials on
Energy Transfer and Phillips 66 Partners’ Bayou Bridge Pipeline Readies for Service, Louisiana
March 27, 2019
Energy Transfer and Phillips 66 Partners said the the second phase of the Bayou Bridge Pipeline is complete and ready for service. The 163-mile, 24-inch pipeline will transport crude oil from Lake Charles, Louisiana, to terminalling facilities outside St. James,
Court Approves Aegean’s Plan of Reorganization, Prepares to Emerge from Bankruptcy
March 27, 2019
Aegean Marine Petroleum Network Inc. said that the U.S. Bankruptcy Court for the Southern District of New York has confirmed its plan of reorganization, subject to minor modifications. This development paves the way for the company to emerge from Chapter
Parker Drilling Successfully Completes Restructuring Process
March 27, 2019
Parker Drilling Company has successfully completed its financial restructuring and emerged from Chapter 11 protection. Parker moves forward with a stronger financial position, having reduced total debt by approximately two-thirds, from $585 million to $210 million, and securing access to
Denbury Resources Scraps $1.7 Billion Acquisition of Penn Virginia
March 26, 2019
Denbury Resources has scrapped its previously announced $1.7 billion acquisition of rival US oil and gas company Penn Virginia citing “difficult market conditions” and lack of shareholders’ support. The company took up the deal with Penn Virginia to gain a
Page 537 of 754 pages ‹ First < 535 536 537 538 539 > Last ›
