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Matador Resources Acquires $387M of Acreage in BLM’s New Mexico Oil and Gas Lease Sale
September 17, 2018
Matador Resources has revealed that it has recently acquired 8,400 gross acres in Lea and Eddy Counties in New Mexico during the Bureau of Land Management (BLM) New Mexico Oil and Gas Lease Sale for a price of around $387m.
Sumitomo and Freeport Sign Agreement for Liquefaction Tolling Services
September 17, 2018
Japan’s Sumitomo and Freeport LNG have signed a heads of agreement (HoA) for liquefaction tolling services for 2.2 million tons per annum (Mtpa) of LNG. Under the HOA, SCOA, a subsidiary of Sumitomo Corporation, has agreed to negotiate for a
Air Products to Build Liquid Hydrogen Plant at La Porte, Texas
September 17, 2018
Air Products has announced plans to construct a new liquid hydrogen plant at its La Porte, Texas industrial gas facility. With capacity to produce approximately 30 tons per day, the new liquid hydrogen plant of Air Products is intended to
Carlyle Group and Diamondback Team Up to Develop Permian Oil and Gas Assets, Texas
September 13, 2018
Global alternative asset manager Carlyle Group and Diamondback Energy have signed an agreement to oil and gas assets in the prolific Permian basin of Texas, US. As part of the joint venture, Carlyle’ Carlyle Energy Mezzanine Opportunities Fund II will
ONEOK to Invest $295 Million for Second Expansion of West Texas LPG Pipeline
September 13, 2018
US midstream services provider ONEOK has announced the expansion of the West Texas LPG pipeline, a 4184km long natural gas liquids (NGLs) pipeline, with an investment of about $295m. The inter-state natural gas liquids (NGLs) West Texas LPG pipeline laid
Pacific Energy Unveils Drilling Plans for Acquired Permian Basin Assets
September 13, 2018
US onshore oil and gas producer Pacific Energy Development has chalked out its plans to drill 16 horizontal wells in 2018-19 in the San Andres play in the Northwest Shelf of the Permian Basin. The drilling of the wells is
Lucid Energy Signs Natural Gas Gathering and Processing Deal with Marathon Oil Permian
September 11, 2018
Lucid Energy Group has signed a new long-term natural gas gathering and processing agreement with Marathon Oil Permian, a unit of Marathon Oil Company. Under the new agreement, Lucid now provides midstream services to Marathon under a long-term acreage dedication
Wood Selected to Provide Operations Services to Hess, Gulf of Mexico
September 11, 2018
Wood has been awarded a three year contract by Hess for the provision of operations, maintenance and other support services in the Gulf of Mexico. Hess and Wood have worked together for more than 25 years on a wide range
Par Pacific to Acquire Island Energy’s Refinery Units in Hawaii
September 11, 2018
Par Pacific, through an indirect subsidiary, will acquire certain refining units from Hawaii-based Island Energy Services (IES) in the US state of Hawaii for $45m plus additional amounts for certain hydrocarbon and non-hydrocarbon inventory. The transaction marks the exit from
Transocean to Acquire Ocean Rig for $2.7 Billion
September 10, 2018
Offshore drilling contractor Transocean has entered into an agreement to acquire its rival Ocean Rig in a cash and stock deal worth $2.7bn. The transaction also includes Ocean Rig’s net debt, which stood at $397m at the end of March
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