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NEWS Click on text to read news by category: General | Product | People | Worldwide

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

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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

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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

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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

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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

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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

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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

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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

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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

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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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