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AltaGas to Acquire Stake in Black Swan’s Aitken Creek Gas Plants, B.C.
October 2, 2018
AltaGas has agreed to acquire 50 percent stake in the 210 MMcf/d Aitken Creek natural gas processing plants of Black Swan Energy in Canada. The Aitken Creek facilities involved in the deal signed by AltaGas with Black Swan include the
ExxonMobil Opens Ultra-low Sulfur Fuels Unit in Beaumont, Texas
October 2, 2018
A new unit at ExxonMobil’s integrated facility at Beaumont in Texas has commenced operations, increasing ultra-low sulfur fuels production by 45,000 barrels per day. The new unit uses a catalyst system developed by ExxonMobil to remove sulfur and meet US
Franklin Mountain Energy Acquires Acreage in Lea and Eddy Counties, New Mexico
October 2, 2018
Franklin Mountain Energy, a newly-formed affiliate of Franklin Mountain Capital, announced the acquisition of approximately 8,321 acres in Lea and Eddy Counties, New Mexico, under two separate transactions. On 6 September, FME acquired 4,041 acres in the Bureau of Land
Trump Administration Rolls Back Obama-Era Offshore Drilling Regulation
October 1, 2018
The Trump administration rolled back another Obama-era regulation, rescinding a rule pertaining to the offshore drilling industry. The Department of the Interior on Thursday announced changes to the 2016 oil and gas production safety systems rule, offshore drilling regulations that
W&T Offshore to Sell Permian Basin Asset for $56.8 Million
October 1, 2018
W&T Offshore, a Texas-based oil and gas company, has agreed to sell its ownership in overriding royalty interests in the Permian Basin for $56.8m to an undisclosed buyer. The transaction, subject to customary closing conditions and adjustments, is expected to
ONEOK to Invest $1.5 Billion in Midstream Infrastructure Projects
October 1, 2018
ONEOK has revealed a midstream infrastructure investment of around $1.5bn for the construction of additional natural gas liquids (NGL) and natural gas infrastructure in the US. The new midstream infrastructure investment from the Oklahoma-based company will be used for developing
MPLX Acquires Mt. Airy Terminal for $450 Million, U.S. Gulf Coast
October 1, 2018
MPLX, the master limited partnership of Marathon Petroleum, has acquired the Mt. Airy Terminal an eastern US Gulf Coast export terminal in Louisiana, from Pin Oak for around $450m. The Mt. Airy Terminal, which is located on the Mississippi River
Coal Operator Murray Energy Fighting Back Against Growing Natural Gas Industry in W. Va.
October 1, 2018
Three years ago, a group of residents in West Virginia’s northern panhandle formed a new group, the Ohio Valley Jobs Alliance, and declared themselves a “voice for local jobs.” A few months later, however, the group’s first major action was
Enable Midstream to Build Gulf Run Pipeline, Facilitate Gas Export
September 27, 2018
Enable Midstream Partners, LP recently announced its intention to build a 165-mile interstate natural gas shipment project, namely the Gulf Run Pipeline. The partnership’s wholly-owned unit, Enable Gulf Run Transmission, LLC will develop the pipeline, which will bring in gas
US State Department: Keystone XL Pipeline Project Will Not Impact Environment
September 25, 2018
The US State Department has come to a conclusion that the $8bn Keystone XL pipeline project planned by TransCanada will not have any significant impact on the environment. The 1,900km long Keystone XL pipeline project will not cause any harm
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