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Sasol to Abandon $15 Billion Gas-to-Liquids Project, Louisiana
November 28, 2017
South African firm Sasol has announced its plan to abandon its gas-to-liquids (GTL) greenfields projects including a $13bn-$15bn GTL facility in Louisiana, US, as part of its refined corporate strategy. The new strategy follows completion of Sasol’s reviews on more
U.S. Oil Prices Remain Near Two-year Highs
November 28, 2017
U.S. oil prices remained near two-year highs on Monday on the back of the ongoing closure of the Keystone pipeline connecting Canada and the United States, while expectations of extended OPEC-led supply cuts also supported markets. U.S. West Texas Intermediate
Fraser Institute Study Says Climate Change Programs Cost Billions for Paltry Results
November 28, 2017
A new study from the Fraser Institute says taxes aimed at curbing climate change and helping green energy projects produce phenomenal costs and little benefit to the environment. The Vancouver-based group examined climate change initiatives in Canada and around the
Ineos to Supply Ethane from U.S. Shale Gas to China’s SP Chemicals
November 27, 2017
Petrochemical giant Ineos has signed a long-term agreement to supply ethane produced from US shale gas to Chinese chemicals firm SP Chemicals for its industrial production. First delivery of the US ethane, which will be done through a 95,000cbm capacity
Dominion Secures Forest Service Approval for $5 Billion Atlantic Coast Pipeline
November 27, 2017
Atlantic Coast Pipeline will be 564-mile interstate transmission pipeline to transport gas from West Virginia to North Carolina, US. The $5bn pipeline will run from Harrison County through Virginia with an extension to Chesapeake, Virginia, and then south through central
Talos Energy to Merge with Stone Energy in $2.5 Billion Deal
November 27, 2017
Talos Energy has agreed to acquire Stone Energy in an all-stock transaction to create a $2.5bn worth combined offshore-focused exploration and production company. Both Talos and Stone are US-based oil and gas companies with focus on the Gulf of Mexico.
TransCanada Secures Nebraska PSC Approval for $8 Billion Keystone XL Pipeline Project
November 27, 2017
TransCanada has secured approval from the Nebraska Public Service Commission (PSC) for an alternative route for the proposed 1,897km-long Keystone XL Pipeline project through the state. Estimated to cost $8bn, the Keystone XL crude oil pipeline will have a capacity
Suncor Sells $395 Million Stake in Oilsands Storage Terminal East Tank Farm Development, Canada
November 27, 2017
Canada-based Suncor Energy has divested a stake of 49 percent in its East Tank Farm Development, an oilsands storage terminal in Alberta province to Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) for a sum of C$503m
Siemens to Cut Around 7,000 Jobs as Demand for Gas Turbines Falls
November 21, 2017
Siemens will lay off 6,900 jobs across its global energy business as part of a restructuring move, amid a decline in demand for traditional power generation. The technology group said that the decision is driven by accelerating structural changes faced
South Carolina Electric & Gas to Acquire Columbia Energy’s Gas-fired Power Plant for $180 Million
November 21, 2017
South Carolina Electric & Gas Company has entered into an agreement in principle to purchase a 540MW combined-cycle, natural-gas-fired power plant from Columbia Energy for $180m. Located in Gaston, S.C., the Columbia Energy Center plant is a combined heat and
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