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Formosa to Build $9.4 Billion Petrochemical Complex in St. James Parish, Louisiana
April 24, 2018
Taiwan-based Formosa Petrochemical has decided to construct its $9.4bn petrochemical complex in St. James Parish in the US state of in Louisiana. Dubbed as the Sunshine Project, the petrochemical complex will be built on the 2,400 acres site acquired by
Subsea 7 Offers to Acquire U.S. Rival McDermott for $2 Billion
April 24, 2018
Subsea 7 confirmed that it has recently made an unsolicited bid to acquire its rival US-based offshore oil services company McDermott International for around $2bn. However, the offer from the UK-based firm was rejected by McDermott, which is in the
Admiral Permian Acquires Three Rivers’ Oil Producing Assets in Texas
April 24, 2018
Admiral Permian Resources has completed acquisition of leasehold interests and related assets from Three Rivers Operating in the US state of Texas. This includes more than 59,000 net acres in Reeves and Culberson Counties in West Texas. The properties produced
EIA: Pennsylvania’s Natural Gas Production Continues to Increase
April 24, 2018
Pennsylvania’s marketed natural gas production averaged a record 15 billion cubic feet per day (Bcf/d) in 2017, 3 percent higher than the 2016 level. This production is largely from shale plays in the Appalachian Basin. Pennsylvania accounted for 19 percent
Canyon Creek Energy Partners with Pivotal Petroleum for Arkoma Stack Play, Oklahoma
April 23, 2018
Canyon Creek Energy – Arkoma (CCEA) has made a deal with Pivotal Petroleum Partners II to jointly fund drilling of 18 wells this year, targeting the stacked pay formations in the Arkoma Stack play in the US state of Oklahoma.
Enterprise’s Midland-to-Sealy Pipeline Enters Into Full Service, Texas
April 23, 2018
Enterprise Products Partners’ 670km long Midland-to-Sealy crude oil pipeline in the US has entered into full service, delivering 540,000 barrels per day (BPD). The US midstream company said that the pipeline is now capable of transporting batched grades of crude
Vermilion Energy to Acquire Canada-based Spartan Energy for $1.1 Billion
April 19, 2018
Oil and gas producer Vermilion Energy has agreed to acquire publicly traded Canada-based rival Spartan Energy for C$1.40bn ($1.11bn) in a bid to boost its light oil production capacity in Canada and the US. Vermilion will acquire Spartan’s assets comprised
BP Canada Gets Approval to Take Drilling Unit into Canada-Nova Scotia Waters
April 19, 2018
BP Canada Energy Group has received an approval from the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) for the entry of the Seadrill West Aquarius drilling unit into Canada-Nova Scotia waters. The authorization also enables BP Canada to carry on with
Meridian Energy to Complete FEED Study for Its Davis Refinery in Belfield, North Dakota
April 19, 2018
Meridian Energy Group has signed a letter of intent (LOI) with an undisclosed engineering, procurement and construction (EPC) solutions provider to initially complete a front end engineering and design (FEED) study for the Davis Refinery in Belfield, North Dakota. Additionally,
Duke Energy Ohio Seeks Approval for Central Corridor Pipeline Extension Project
April 19, 2018
Duke Energy Ohio is calling on the Ohio Power Siting Board (OPSB) to proceed with its consideration of Central Corridor Pipeline extension application. The proposed Central Corridor Pipeline extension in Hamilton County is intended to ensure safe and reliable delivery
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