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USA Compression to Acquire from Energy Transfer’s Compression Business for $1.8 Billion
January 26, 2018
USA Compression Partners, Energy Transfer Partners, and Energy Transfer Equity entered into an acquisition transaction valued at approximately $1.8 billion, providing for: • The contribution of ETP’s subsidiaries: CDM Resource Management, and CDM Environmental & Technical Services, to USAC. •
Five Fatalities in Gas Well Explosion at Red Mountain Operating’s Well in Oklahoma
January 25, 2018
The remains of five oil rig workers were found Tuesday after an explosion that rocked an Oklahoma gas well a day before, authorities said. “All five of the missing workers have been located,” Pittsburg County Sheriff Chris Morris said at
Oil Majors to Expand Joint Cost Cutting Efforts
January 25, 2018
The world’s largest energy companies plan to significantly widen a two-year effort to standardize the kit they use to pump oil and gas, hoping they can deliver significant cost savings, said people familiar with the matter. The discussions, scheduled on
EIA Predicts U.S. Fossil Fuel Production to Set Records Over Coming Two Years
January 25, 2018
In the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook, fossil fuels are forecasted to reach almost 73 quadrillion British thermal units (Btu) in 2018 and 75 quadrillion BTU in 2019–the highest levels of production since recording began. This
Regulators Suspend Operations of Husky Energy’s SeaRose FPSO Over Iceberg Incident, Canada
January 25, 2018
Regulators have suspended operations at Husky Energy’s SeaRose production vessel offshore Newfoundland and Labrador in Canada for its way of handling an iceberg incident at the White Rose oilfield in March 2017. The company said that it will start taking
Appalachia Development Group to Submit $1.9 Billion DOE Loan for Appalachia Storage & Trading Hub
January 24, 2018
Appalachia Development Group, LLC, (ADG) has been invited to submit a Part II Application for a loan guarantee under the U.S. Department of Energy (DOE) Title XVII Loan Guarantee Program. The invitation for the Part II application is for a
MGX Minerals Partners with Highbury to Extract Nickel, Vanadium, and Cobalt from Petroleum Coke
January 24, 2018
MGX Minerals Inc. has engaged Highbury Energy Inc. to assist in preparing a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke. “Similar to advancements made by the company over the last year in treating
TransCanada Secures Major Shipper Commitments for $8 Billion Keystone XL Pipeline
January 23, 2018
TransCanada said that it has secured enough shipper commitments to proceed with its $8bn Keystone XL pipeline project. The energy infrastructure company, which has just concluded an open season for the near 1,900km pipeline system, has secured about 500,000 barrels
Plains All American to Move Ahead with Construction of Cactus II Pipeline, Texas
January 23, 2018
Plains All American Pipeline (PAA) has received sufficient binding commitments on its initial open season to move ahead with the construction of Cactus II Pipeline, a new pipeline system from the Permian Basin to the Corpus Christi/Ingleside area. Permitting, right-of-way
Warburg Pincus Invests $150 Million in Newly Formed Company Stronghold Energy II
January 23, 2018
Funds affiliated with Warburg Pincus have provided a line of equity financing of about $150m to Warburg Pincus a newly formed oil and gas exploration and production company. Formed in December 2017 and headquartered in Midland, Texas, Stronghold Energy II
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