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Heritage Global Launches Energy and Construction Asset Advisory and Auction Services Division
March 26, 2018
Heritage Global Inc. has launched its newly formed division Heritage Global Energy and Construction (HGEC). Headquartered in Austin, Texas, HGEC provides asset advisory, auction services and monetization solutions for businesses operating in the oil and gas, mining, drilling, solar, construction
Koltek Energy Services Opens Oilfield Testing Facility in Northeastern Oklahoma
March 26, 2018
Koltek Energy Services, a nationwide energy services company, has launched Koltek Testing Facility at its 99 acre facility in Okmulgee, Oklahoma. This location will allow oilfield equipment manufacturers the ability to test their tools in a secure location 24 X
Tellurian Launches Open Season for Permian Global Access Pipeline, Texas to Louisiana
March 26, 2018
Tellurian’s subsidiary, Permian Global Access Pipeline LLC (PGAP) is offering a non-binding open season to secure prospective shippers for a proposed 42-inch diameter interstate natural gas pipeline connecting the Permian Basin in Texas to Southwest Louisiana. PGAP is estimated to
Ace Gathering Acquires Crude Oil Reclamation Service Company Recoil Energy Systems
March 26, 2018
Ace Gathering Holdings has completed its acquisition of Recoil Energy Systems, a provider of crude oil reclamation services. Recoil, founded in 2014 and headquartered in Abilene, Texas, is a leading provider of oil reclamation services including tank cleaning, oil recovery,
ExxonMobil and MagnaBond to Collaborate on New Well Integrity Evaluation Technologies
March 26, 2018
ExxonMobil Upstream Research Company has signed a three-year joint development agreement with MagnaBond, LLC to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing. The agreement was facilitated by the Industry Technology Facilitator as part
TPG Pace Energy to Acquire EnerVest’s Shale Assets for $2.6 Billion
March 22, 2018
TPG Pace Energy (TPGE), an energy-focused special purpose acquisition entity, has signed an agreement to acquire oil and gas assets from certain funds managed by EnerVest for approximately $2.66bn. Under the terms of the deal, TPGE will merge with EnerVest’s
South Korean Firm SK Innovation to Acquire U.S. Shale Producer Longfellow
March 22, 2018
South Korean firm SK Innovation through its subsidiary SK E&P America has agreed to acquire US shale oil and gas company Longfellow Nemaha. The US company has assets in the prolific STACK play in Kingfisher and Garfield Counties in Oklahoma.
Tellurian Secures $50 Million Investment from Bechtel
March 22, 2018
Tellurian has secured a $50m zero coupon preferred equity investment from an affiliate of Bechtel Oil, Gas and Chemicals (Bechtel). “Tellurian management and Bechtel have worked together for many years and we look forward to continuing our success as equity
Burns & McDonnell to Build Entergy’s $210 Million Gas-fired Plant, Louisiana
March 22, 2018
Entergy New Orleans has selected Burns & McDonnell as engineer-procure-construct (EPC) project manager for its 128MW New Orleans Power Station to be built in Louisiana. As per a notice given by Entergy, Burns & McDonnell will now proceed with its
Gibson Energy Sells Its U.S. Energy Services Businesses for $125 Million
March 22, 2018
Gibson Energy has signed two definitive agreements for the sale of its US energy services businesses, including US Environmental Services and US seismic assets. The sale of the assets is valued approximately $96m prior to closing adjustments or approximately $125m
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