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BP Makes Significant Gas Discovery at Mancos Shale Formation, New Mexico
August 14, 2017
British oil major BP has made a major gas discovery in the Mancos shale formation of the San Juan Basin in New Mexico near the Colorado border. Having brought the highly productive natural gas well online, BP said that the
SNC-Lavalin Secures Construction Contract for Husky Energy’s West White Rose Project
August 14, 2017
SNC-Lavalin, Dragados Canada and Pennecon announced that their general partnership (GP) has secured a construction contract from Husky Energy for offshore project in Canada. The GP has been contracted for Husky Energy’s West White Rose Project in Newfoundland and Labrador.
UK Competition Watchdog Raises Concerns Over $2.7 Billion Wood Group-Amec Merger
August 8, 2017
The UK’s Competition and Markets Authority (CMA) has raised concerns over Wood Group’s proposed £2.2bn ($2.7bn) takeover of energy services company Amec Foster Wheeler. Following an initial investigation into the merger, the competition watchdog said that the take over could
Petronas Awarded Rights for Block 6 in Gulf of Mexico’s Salina Basin
August 8, 2017
Malaysia’s state-owned oil firm Petronas said that it has been awarded a shallow water block in the Gulf of Mexico’s Salina Basin, marking its third block in Mexico. Its subsidiary PC Carigali Mexico Operations will operate the 559km2 Block 6
IMTT to Acquire Epic Midstream for $171.5 Million to Expand Presence in Port of Savannah, Georgia
August 8, 2017
International-Matex Tank Terminals (IMTT) has agreed to acquire rival firm Epic Midstream for a sum of $171.5m to expand its jet fuel storage and handling capabilities, particularly in Port of Savannah. The purchase of the liquid bulk storage and logistics
Pin Oak Energy Acquires Oil and Gas Assets in Ohio and Pennsylvania
August 8, 2017
Pin Oak Energy Partners, an Appalachian Basin energy company has agreed to acquire oil and gas assets from an undisclosed seller in the US states of Ohio and Pennsylvania. The price offered for the assets by Pin Oak Energy has
TransCanada Joins Energy Impact Partners Global Utility Coalition
August 4, 2017
Energy Impact Partners LP (EIP) has added TransCanada Corporation as the latest investor in its Nexus strategic partner network. TransCanada joins Southern Company, National Grid plc, Xcel Energy Inc., AGL, Avista Corp., Fortis Inc., Ameren Corp., Great Plains Energy Inc.,
Williams Partners and Southern Company Place Dalton Expansion Project Into Service, Georgia
August 4, 2017
Williams Partners and Southern Company Gas, a wholly owned subsidiary of Atlanta-based Southern Company, have successfully placed into service their Dalton Expansion Project to provide additional reliable natural gas service to utility companies, a power company and a municipal entity
Hilcorp Completes $3 Billion Acquisition of ConocoPhillips’ San Juan Basin Assets, New Mexico
August 3, 2017
ConocoPhillips has completed the sale of its San Juan Basin assets in the US state of New Mexico for $3bn to Hilcorp San Juan, an affiliate of Hilcorp Energy. The acquisition by Hilcorp Energy, comprising of 1.3 million net acres
Blackstone to Acquire Stake in Rover Pipeline Entity for $1.5 Billion
August 3, 2017
Energy Transfer Partners (ETP) has entered into an agreement to sell 32.44 percent stake in the entity associated with the $4.22bn Rover pipeline project to Blackstone funds for about $1.57bn. The stake sale agreement has been signed by Energy Transfer’s
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