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BP Approves $1.3 Billion Expansion of Atlantis Oil Field, Gulf of Mexico
January 14, 2019
BP has approved the $1.3bn phase 3 development of the Atlantis oil field located in deepwater Gulf of Mexico, offshore US. The firm’s final investment decision for the latest development of the Atlantis oil field comes after detecting the presence
SemGroup and KKR Form Midstream Infrastructure Joint Venture, Canada
January 14, 2019
SemGroup, an Oklahoma-based midstream company, and global investment firm KKR have formed a joint venture (JV) to create a Canadian midstream infrastructure platform, SemCAMS Midstream. As per the JV terms, SemGroup will contribute the shares and assets of its Canadian
Discovery Midstream Secures $1 Billion Investment for Opportunities in North America
January 14, 2019
Discovery Midstream Holdings II, a Texas-based midstream company, has secured an initial equity commitment of up to $1bn from Stonepeak Infrastructure Partners. The new investment from Stonepeak will be used by Discovery to go after a suite of midstream opportunities
Seaway Crude Oil Pipeline Begins Open Season
January 11, 2019
Seaway Crude Oil Pipeline Company has started a binding open season to gauge shipper support for expanded crude oil capacity on its existing system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast area. The expansion could provide
U.S. Processes Oil, and Gas Permits During Shutdown
January 10, 2019
President Donald Trump’s administration is continuing to process drilling permits and open acreage to oil and gas development during a government shutdown now in its 18th day. Those actions could blunt the effects of the shutdown on the oil and
Virginia Board Approves Air Permit for Atlantic Coast Pipeline Gas Compressor
January 10, 2019
Virginia regulators on Tuesday approved a permit for a natural gas compressor station in the community of Union Hill in Buckingham County, angering opponents who vowed to keep fighting in protests and in court. The state Air Pollution Control Board
BP’s Investment in Next-generation Technology Pays Off, Makes Huge Discovery in Gulf of Mexico
January 10, 2019
BP’s investment in next-generation technology just paid off to the tune of a billion barrels of oil. The British energy company has discovered 1 billion barrels of crude at an existing oilfield in the Gulf of Mexico. BP also announced
U.S. Liquefied Natural Gas Hits Record Highs Again
January 10, 2019
Over the final week of 2018, U.S. feed gas for LNG exports surpassed 5 billion cubic feet per day for the first time ever This is an increase of over 60 percent for the same time in 2017. LNG is
House Democrats Introduce Bills Banning Oil, Gas Leasing in Nearly All Federal Waters
January 10, 2019
Democrats in the House of Representatives introduced Tuesday seven separate bills aimed at blocking oil and natural gas drilling in nearly all federal waters. The bills, which have virtually no chance of being approved in the Republican-controlled Senate, clearly outline
Preferred Sands Commences Commercial Operations of In-Basin Coating Facility in Monahans, Texas
January 9, 2019
Preferred Proppants has commenced commercial operations at its resin coating facility in Monahans, Texas. True to its reputation as an innovative and forward-thinking industry leader, Preferred is the first company to open an in-basin resin coating facility to serve the
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