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Pemex and Lewis Energy Sign Contract to Develop Olmos Gas Field, Mexico
March 29, 2018
Mexico’s national oil company Petróleos Mexicanos (Pemex) and Lewis Energy México signed the first integrated exploration and extraction contract for the Olmos field located in the Mexican state of Coahuila. The purpose is to assess and develop the Eagle Ford
Nostra Terra Secures Approval to Drill Well at Clear Fork Formation, Texas
March 29, 2018
UK-based oil and gas firm Nostra Terra has secured approval to drill a well targeting the Clear Fork formation in its Permian Basin lease in Mitchell County in the US state of Texas. PERMITTING As previously announced, Nostra Terra has
Sundance Energy to Acquire Pioneer’s Eagle Ford Shale Acreage for $102 Million, Texas
March 28, 2018
Pioneer Natural Resources Company has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 million, subject to normal closing adjustments.
Getka Energy Secures $250 Million Capital Commitment from EnCap Flatrock Midstream
March 28, 2018
Getka Energy has secured an initial equity commitment of $250 million from EnCap Flatrock Midstream and the Getka management team. Getka was formed earlier this year to provide storage, blending and terminal solutions, as well as pipeline transportation and market
Concho Resources to Acquire RSP Permian in $9.5 Billion Stock Deal
March 28, 2018
Concho Resources Inc. and RSP Permian, Inc. have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The transaction was unanimously approved by the
Stabilis Energy Acquires Prometheus Energy
March 28, 2018
Stabilis Energy has completed the acquisition of a majority interest in Prometheus Energy. The acquisition combines two of the leading liquefied natural gas production and distribution companies to form a full-service LNG provider capable of delivering LNG to customers in
Stonepeak to Acquire GenOn Energy’s Two Units at Canal Generating Plant for $390M, Massachusetts
March 27, 2018
GenOn Energy has agreed to sell units 1 and 2 of the Canal Generating Plant in Sandwich, Massachusetts to Stonepeak Infrastructure Partners’ subsidiary Stonepeak Kestrel for about $390.3m. The two units to be sold have a combined capacity of 1,112MW.
Pemex Seeks Bids for H-Oil Plant Rehabilitation in Miguel Hidalgo Refinery, Mexico
March 27, 2018
Mexican oil company Pemex said that it will request bids for rehabilitation works for the H-Oil plant located in the Miguel Hidalgo refinery in Tula, Mexico. For this purpose, Pemex will adjudicate the project through an open international contest where
ExxonMobil to Build New Polypropylene Manufacturing Plant, Texas Gulf Coast
March 27, 2018
ExxonMobil is planning to build a new polypropylene manufacturing plant in the US Gulf Coast to address the increasing demand for high-performance, lightweight durable plastics. The company expects to invest several hundred million dollars on the new plant, which is
IEA Report: Global Energy Demand Grew by 2.1% in 2017
March 27, 2018
A new report from International Energy Agency (IEA) revealed that global energy demand increased by 2.1 percent in 2017, more than twice the previous year’s rate, boosted by strong global economic growth. While oil, gas and coal met most of
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