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Trump ‘Unlocking American Energy’ Which is Yielding ‘Amazing Results”
June 14, 2017
President Trump on Monday highlighted “pretty big stories” about the mining sector as proof that his energy policies are working, three days after urging the media to write more positive stories about the economy. “There are a couple of major
Fairway Energy Commences Commercial Operations at Pierce Junction Crude Oil Storage Facility, Texas
June 9, 2017
Fairway Energy Partners, LLC has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the significant growth of pipeline-delivered crude oil into and through
Evolution Midstream to Acquire Rowdy Gas Gathering System, Wyoming
June 9, 2017
Evolution Midstream has entered into an agreement with Lucid Energy Group to acquire Rowdy Gas Gathering System for undisclosed sum. Located in Wyoming’s Powder River Basin, the Rowdy system serves oil and gas producers in Campbell, Converse and Johnson counties.
Ensco to Acquire Atwood Oceanics for $839 Million
June 9, 2017
UK-based offshore driller Ensco has agreed to acquire US rival Atwood Oceanics in an all-stock transaction valued at about $839m. Under the terms of the merger deal, Ensco will give Atwood shareholders 1.60 of its shares, valued at $10.72 per
Yuma Energy Sells Certain Non-Core Oil and Gas Properties in Texas for $5.5 Million
June 9, 2017
Yuma Energy, Inc. has sold certain oil and gas properties for $5.5 million located in Brazos County, Texas held by a wholly owned subsidiary and known as the El Halcón property. Yuma’s El Halcón property consisted of an average working
Tall Oak Midstream Expands Natural Gas Gathering, Processing Footprint in Oklahoma’s STACK Play
June 9, 2017
Tall Oak Midstream II, LLC has executed an aggressive growth plan to meet producers’ natural gas and crude gathering needs in Oklahoma’s Northwest STACK play. The buildout of Tall Oak’s Midcon System will span seven counties in northwest Oklahoma: Alfalfa,
SemGroup to Acquire Houston Fuel Oil Terminal for $2 Billion
June 9, 2017
SemGroup has entered into an agreement to acquire Houston Fuel Oil Terminal (HFOTCO) from investment funds managed by Alinda Capital Partners for about $2.1bn. Strategically located on the US Gulf Coast, the 16.8 million barrel terminal has pipeline connectivity to
Oil and Gas Industry Drives Alaska Economy
June 9, 2017
For decades the oil and gas industry has been a lifeline for Alaska, and even though oil prices are down, the industry continues to drive Alaska’s economy. “Between 2015 and 2016, the Alaska economy has lost about 6,500 jobs,” said
Halliburton, Trendsetter and C-Innovations Form Gulf of Mexico Subsea Alliance
June 9, 2017
Halliburton, Trendsetter Engineering and C-Innovations have formed a strategic alliance to provide Gulf of Mexico (GOM) customers with technologically advanced, integrated offshore well intervention packages. The alliance leverages the companies’ strengths to create subsea solutions for hydraulic interventions. The combined
Saudi Aramco to Invest $18 Billion to Expand Activities in North and South America
June 9, 2017
Saudi Arabian state-run oil company Saudi Aramco is planning to invest $18bn in the next five years to expand its operations in the Americas. The plans were revealed by Motiva Enterprises, a wholly-owned affiliate of Saudi Aramco, headquartered in Houston,
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