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Devon Energy to Divest Its Eagle Ford Play Assets for $340 Million, Texas
September 15, 2017
Devon Energy Corp. has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from the company’s recently reported $1 billion divestiture
American Midstream Enters JV with AMID and Targa Midstream for Cayenne Pipeline, Louisiana
September 15, 2017
American Midstream Partners has entered into a joint venture agreement between AMID and Targa Midstream Services LLC creating Cayenne Pipeline, LLC. Cayenne will transport Y-grade NGLs from the Targa-operated Venice Energy Services Company, LLC gas processing plant to Enterprise Products’
Wood Group and Amec Foster Wheeler Merger Secures Approval in UK
September 14, 2017
The UK competition watchdog has approved the £2.2bn merger of Wood Group and Amec Foster Wheeler after the companies agreed to sell North Sea oil and gas assets. In May, Wood Group had offered to divest most of Amec Foster
Offshore Driller Seadrill Files for Bankruptcy Protection in U.S.
September 14, 2017
Offshore drilling contractor Seadrill has filed for bankruptcy protection in the US while reaching a restructuring agreement with most of its senior lenders to inject $1.06bn of new capital into the company. Seadrill, which is headquartered in Bermuda but managed
GulfSlope and Texas South Energy to Drill Oil and Gas Prospects, Gulf of Mexico
September 14, 2017
GulfSlope Energy, along with Texas South Energy, has entered into a letter of intent (LOI) with an undisclosed international oil and gas firm for drilling of prospects in Gulf of Mexico. Under the deal, the partnership will jointly drill and
FirstEnergy to Sell Power Generation Assets in Pennsylvania and Virginia for $825 Million
September 14, 2017
FirstEnergy has entered into a revised agreement with a subsidiary of LS Power Equity Partners III to sell 1,615MW natural gas and hydroelectric generation assets for $825m. The power plants are located in Pennsylvania and Virginia. The original agreement, which
Samson Resources II to Begin Drilling Program at Fort Union Property, Wyoming
September 14, 2017
Samson Resources II is set to begin drilling program on its Fort Union property in Sweetwater County, Wyoming, US. The company’s board of directors has approved the proposal for the drilling of five operated wells on Fort Union property. They
Judge Cites Tribal Sovereignty in Dismissing Navajo Mine and Four Corners Power Plant Lawsuit
September 14, 2017
A U.S. district judge cited tribal sovereignty in dismissing a lawsuit aimed at shutting down a coal-fired power plant and adjacent mine near the Arizona-New Mexico border. The lawsuit, filed by a group of environmental advocacy organizations, was targeting the
International-Matex Tank Terminals Enters Agreement to Acquire Epic Midstream for $171.5 Million
September 13, 2017
International-Matex Tank Terminals (IMTT) has entered into an agreement to acquire Epic Midstream (Epic) from affiliates of White Deer Energy and Blue Water Energy. The transaction values Epic at $171.5 million, not including working capital adjustments, and is expected to
Amec Foster Wheeler Secures $604 Million EPC Contract for Yuhuang’s Chemical Plant, Louisiana
September 13, 2017
Amec Foster Wheeler has won a $604m engineering, procurement and construction contract for a methanol plant in the US. The contract was offered by Yuhuang Chemical (YCI), a subsidiary of China’s Shandong Yuhuang Chemical. Amec Foster Wheeler’s contract is part
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