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Canada’s Husky Energy Moves Forward with $1.6 Billion Offshore West White Rose Project
May 31, 2017
Canada-based Husky Energy is proceeding with its C$2.2bn ($1.6bn) West White Rose project in offshore Newfoundland and Labrador. Husky owns about 70 percent stake in the project. Suncor Energy and Nalcor Energy are the other project partners. For the project,
Carlyle Group and EOG Resources Form $400 Million Drilling Partnership in Oklahoma
May 30, 2017
The Carlyle Group LP, a global private equity firm, announced Monday that it has entered into an agreement to form a joint venture (JV) with EOG Resources Inc., and will invest up to $400 million to help the company develop
Mexico Gets Its First Private Oil Well in 80 Years
May 30, 2017
For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the latest step in the country’s drive to allow foreign competitors back into its energy markets. A joint
Trump Budget Would Allow ANWR Drilling in Alaska, End Oil Revenue Sharing
May 30, 2017
The Trump administration’s fiscal 2018 budget proposal pitches a variety of legislative changes to boost federal revenue from the oil and gas industry, including the sale of oil and gas drilling leases in the Arctic National Wildlife Refuge and ending
DTE Energy Files FERC Application to Build Natural Gas Pipeline, Pa.
May 30, 2017
DTE Energy has filed for federal approval to build a natural gas pipeline connecting the planned Birdsboro power plant to a larger interstate pipeline in Oley Township . After months of meeting with landowners along the pipeline route and obtaining
Trump Proposes Sharp Cuts at Interior Department, Pushes for More Drilling on Public Lands
May 30, 2017
The White House wants to cut the Interior Department budget by about 12 percent as the Trump administration shifts the agency’s focus toward promoting fossil fuel drilling and extraction on public lands and in federal waters. The budget proposal released
EP Energy and Tesoro Establish Drilling JV in Utah’s Uinta Basin
May 30, 2017
EP Energy and Tesoro have established a joint venture (JV) to drill 60 wells in the Uinta basin in Utah, US. Texas-based midstream energy company, EP Energy owns 173,110 net acres in Duchesne and Uinta Counties in the Uinta Basin.
NuStar Acquires Crude Oil Gathering, Transportation, Storage Assets in Permian Basin for $1.475B
May 25, 2017
NuStar Energy L.P. has closed on the purchase of Navigator Energy Services, LLC for approximately $1.475 billion. With the purchase, NuStar now owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West
Tallgrass Energy Acquires Additional Stake in Rockies Express Pipeline for $400 Million
May 25, 2017
Tallgrass Energy Partners, LP has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (REX) from Tallgrass Development, LP for cash consideration of $400 million. The acquisition increases TEP’s ownership interest in REX to approximately 50 percent.
Meritage Midstream Subsidiary Acquires Devon Energy’s Midstream Assets, Wyoming
May 25, 2017
Meritage Midstream Services II, LLC and its subsidiary Thunder Creek Gas Services, L.L.C., has acquired certain midstream assets located in the southern part of Wyoming’s Powder River Basin from Devon Energy Production Company, L.P., a wholly owned subsidiary of Devon
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