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Linn Energy to Sell Oklahoma Waterflood and Texas Panhandle Assets for $122 Million
December 21, 2017
Linn Energy has signed an agreement to sell its Oklahoma Waterflood and Texas Panhandle assets to an undisclosed buyer for a contract price of $122m, subject to closing adjustments. The combined properties to be sold consist of approximately 179,000 net
Inter Pipeline to Build $2.72 Billion Petrochemical Complex in Alberta, Canada
December 21, 2017
Inter Pipeline will go ahead with a C$3.5bn ($2.72bn) integrated propane dehydrogenation (PDH) and polypropylene (PP) plant in Canada for the conversion of locally sourced, low-cost propane into value-added plastics products. Named as the Heartland Petrochemical Complex, the integrated plant
Tellurian to Develop $7 Billion Natural Gas Pipeline Network, Southwest Louisiana
December 21, 2017
Houston-based Tellurian has revealed its plans to develop three pipelines for nearly $7bn, as part of a new pipeline network to provide supply alternatives to meet the rising demand for natural gas in Southwest Louisiana. Named as the Tellurian Pipeline
Oil and Gas Machine Learning Startup Maana Raises $28 Million
December 21, 2017
Maana, a California based start up developing machine learning technology has raised $28M from Chinese investment bank China International Capital Corporation ( CICC), Accenture and other oil and gas companies like Saudi Aramco, Royal Dutch Shell and Chevron. This round
Carrizo Oil & Gas to Divest Portion of Its Eagle Ford Acreage for $245 Million
December 20, 2017
Carrizo Oil & Gas, Inc. has entered into an agreement to divest a portion of its assets in the Eagle Ford Shale for $245 million in cash, subject to adjustment and customary closing terms and conditions. The divested assets include
Harvest Pipeline and Vitol to Develop Crude Oil Terminal in the Port of Corpus Christi, Texas
December 20, 2017
In response to increased demand for crude transportation from South Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of Hilcorp Energy Company) and Vitol Inc. have established an agreement to explore joint development of a state of the
BP Upgrades Its Center for High-Performance Computing to Enhance Exploration and Research, Texas
December 19, 2017
British oil major BP, in partnership with Hewlett Packard Enterprise (HPE) and Intel, has upgraded its Center for High-Performance Computing (CHPC) in Houston, US, to enhance its exploration and research capabilities. The new upgrades to the CHPC involves increased computing
Energy Transfer Gets FERC Approval to Commission Phase 1B of $4.2 Billion Rover Pipeline
December 19, 2017
Energy Transfer Partners (ETP) has secured approval from the Federal Energy Regulatory Commission (FERC) to commission Phase 1B of the $4.2bn Rover pipeline. The addition of the Phase 1B facilities enables the 1,146km pipeline to transport up to 1.7 billion
Wolf Midstream Partners Plans New Permian Basin Crude Oil Gathering and Terminal System
December 15, 2017
Wolf Midstream Partners, a full-service midstream provider, said that it has executed a crude oil gathering and transportation agreement with an independent producer for approximately 25,000 dedicated gross leasehold acres in the prolific Permian Basin of West Texas. To support
Catalyst Midstream Launches Binding Open Season for New Crude Oil Gathering System, Delaware Basin
December 15, 2017
Catalyst Midstream Partners, LLC, a joint venture between affiliates of Howard Energy Partners LLC (HEP) and WPX Energy Inc. (WPX) said that its wholly-owned subsidiary, Stateline Crude LLC has launched a binding open season for long-term contractual commitments to a
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