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Avant Energy to Invest $200 Million in Mexican Midstream Assets
February 12, 2018
Avant Energy said that it will build a network of terminals to supply refined petroleum products from the Port of Altamira, Tamaulipas to the Bajio region of North-Central Mexico. The network will be known as “SUPERA” (Suministro de Petroliferos Altamira–Bajio).
MEG Energy to Sell Two Midstream Assets to Wolf Midstream for $1.2 Billion
February 12, 2018
Canadian oil sands producer MEG Energy has agreed to sell Access Pipeline and Stonefell Terminal assets to Canada Pension Plan Investment Board-backed Wolf Midstream in a deal worth C$1.61bn ($1.27). Under the terms of the deal, Wolf Midstream will pay
Adelphia Gateway Files Application with FERC for Construction of Pipeline, Pa.
February 7, 2018
Following the conclusion of its successful binding open season, Adelphia Gateway, LLC filed an application with the Federal Energy Regulatory Commission (FERC) seeking a certificate of public convenience and necessity authorizing the acquisition, construction and operation of an existing 84-mile
Mexico Auctions 19 Deepwater Oil Blocks in the Gulf of Mexico
February 6, 2018
PTI reported that Mexico auctioned off 19 deep-water oil blocks located in the Gulf of Mexico, the largest such auction since the government opened the country’s hydrocarbons sector to private industry. Royal Dutch Shell won nine of the blocks —
Shell Secures 9 Blocks in Mexico Deepwater Bid Round
February 6, 2018
In the latest deepwater bid round for the Mexican Gulf of Mexico, Shell Exploración y Extracción de México, S.A. de C.V., (“Shell”) won four exploration blocks on its own, one with its partner Pemex Exploración y Producción and four with
ExxonMobil Plans to Triple Oil Production from Permian Basin by 2025
February 6, 2018
ExxonMobil is planning to tripe its crude oil production capacity in the Permian Basin by 2025 and expand its transportation infrastructure. The firm intends to reach daily production capacity to more than 600,000 oil-equivalent barrels from its operations in the
Imperial and Exxon to Spend $560 Million on Kearl Oilsands Mine to Boost Production, Canada
February 6, 2018
Imperial Oil says that production at the Kearl oilsands mine in 2020 will be about 60,000 bbls/d higher than it was in 2017. This will be the result of “improvement activities” conducted last year as well as a new project
Targa and MPLX to Build Gas Processing Plant in Oklahoma
February 5, 2018
Targa Resources has entered into an agreement to expand its natural gas processing joint venture with MPLX in Oklahoma. Through its existing 60/40 joint venture, Centrahoma Processing, LLC (“Centrahoma”), Targa and MPLX will construct a new 150 million cubic feet
Quantum Energy Acquires Premium Oilfield Technologies
February 5, 2018
Quantum Energy Partners has acquired Texas-based Premium Oilfield Technologies, a manufacturer of technologically differentiated consumable products used in oil and gas well drilling and completion activities. These products include extreme service pistons, liners, valves, and seats for high pressure mud
Chevron Makes Major Oil Discovery at Ballymore Prospect, Gulf of Mexico
February 5, 2018
Chevron and its partner Total have made a significant oil discovery in the deepwater US Gulf of Mexico following drilling at the Ballymore prospect. The Ballymore prospect is contained in water depth of 6,536ft in Mississippi Canyon. According to Chevron,
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