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Nova to Acquire Williams Partners’ Stake in Geismar Olefins Facility for $2.1 Billion, Texas
April 27, 2017
Nova Chemicals is set to purchase Williams Partners’ 88.46 percent stake in Geismar olefins plant and associated complex for around $2.1bn. The deal will also include the acquisition of around 525 acres of undeveloped land adjacent to the plant, as
SNC-Lavalin to Acquire UK-based WS Atkins for $3.6 Billion
April 26, 2017
SNC-Lavalin Group has entered into an agreement to acquire UK-based engineering and consultancy firm WS Atkins for $3.6bn in an all cash transaction. In this connection, the Canadian engineering and construction company, SNC-Lavalin Group has offered to buy each of
U.S. Denies Permission for ExxonMobil to Resume Drilling Operations Due to Sanctions, Russia
April 26, 2017
The US has refused to give permission for oil and gas firm Exxon Mobil to resume drilling in the areas facing its sanctions in Russia. In 2014, the US, along with the European Union, had imposed sanctions on Russia for
Gaz Métro Completes Expansion of Its LNG Facility, Canada
April 26, 2017
Gaz Métro’s subsidiary Gaz Métro LNG has completed its expansion project, which will triple its natural gas liquefaction capacity in Canada. With the expansion, the company will bring in huge potential of LNG (liquefied natural gas) for the New England
California Resources and Macquarie Form JV to Develop Oil and Gas Assets, California
April 25, 2017
California Resources (CRC) has partnered with Macquarie Infrastructure and Real Assets (MIRA) to create a joint venture (JV) for the development of oil and gas assets in California, US. MIRA will initially invest up to $160m in the JV, which
FERC Approves Final EIS Statement for PennEast Pipeline, Pennsylvania
April 24, 2017
PennEast Pipeline Company LLC has received the Federal Energy Regulatory Commission’s (FERC) issuance of a final environmental impact statement (EIS), validating after nearly three years of scientific review and input from numerous stakeholders that the approximately 120-mile underground natural gas
Plains All American Pipeline Begins Open Season for Permian Basin to Cushing Pipeline, Texas
April 24, 2017
A subsidiary of Plains All American Pipeline, L.P. is conducting an open season for committed crude oil pipeline capacity from the Permian Basin to Cushing, Oklahoma. Origin points will be Midland, Texas and Colorado City, Texas. Depending on the results
Finalists Chosen for 2017 Shale Gas Innovation Contest
April 21, 2017
The ten finalists for the 2017 Shale Gas Innovation Contest have been chosen. Three winners will each walk away with $20,000 at the Sixth Annual Ben Franklin Shale Gas Innovation and Commercialization Center’s FREE Finals’ Event scheduled for May 9,
Saguaro Secures $50 Million to Speed Up Development of Montney Gas Formation, Canada
April 19, 2017
Saguaro Resources has secured a new funding of $50m to accelerate development of the liquids-rich Montney natural gas-bearing formation in Canada. Its new financing has come from funds handled by CI Investments’ Signature Global Asset Management and EdgePoint Wealth Management.
Drillers in Biggest U.S. Shale Gas Play Get More Bang for Their Buck
April 17, 2017
Natural gas drillers in America’s biggest shale play are getting more bang for their buck than ever before. Thanks to new pipelines and technological advances, producers in the Northeast can now tailor their output to the rise and fall of
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