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88 Energy All Clear to Start New Drilling at Icewine-2 Shale Well, Alaska
April 12, 2017
88 Energy Ltd told investors it is all clear to start drilling the Icewine-2 well at its shale project on Alaska’s North Slope. The exploration company today revealed that the Alaska Oil and Gas Conservation Commission (AOGCC) approved the permit
American Petroleum Institute: Oil and Gas Drilling Sees 35% Increase Over 2016 Levels
April 12, 2017
American Petroleum Institute (API) has announced that estimated total wells drilled and completed in the first quarter of 2017 saw an increase of 35 percent compared to the first quarter of 2016. This is a drastic improvement from 2016 levels
Energy Impact Partners Launches Credit Group to Support Energy-focused Growth Companies
April 10, 2017
Energy Impact Partners (EIP) has established a credit group to support U.S.-based small and middle-market businesses, with a specific focus on energy impact-related investments. The group will primarily offer debt financing solutions, such as first and second lien secured term
Cenovus to Acquire ConocoPhillips’ Canadian Assets for $13.3 Billion
April 10, 2017
Cenovus Energy has signed an agreement with US-based ConocoPhillips to acquire significant stakes in its Canadian oil and gas assets for C$17.7bn ($13.3bn). Under the terms of the deal, ConocoPhillips will divest 50% non-operated stake in the Foster Creek Christina
Consumers Energy Issues Request for Proposals to Acquire Natural Gas-Fired Plant in Michigan
April 10, 2017
Consumers Energy has issued a request for proposals to acquire a natural gas-fired generating plant of up to 800 megawatts, part of the company’s plans to meet Michigan’s long-term energy needs reliably, affordably and sustainably. Entergy and Consumers Energy have
Energy Transfer Starts Open Season for Bakken Pipeline Transport Services
April 10, 2017
Energy Transfer Partners, L.P., along with Dakota Access, LLC and Energy Transfer Crude Oil Company, LLC have launched a binding supplemental open season to solicit shipper commitments for transportation service for Bakken/Three Forks production to reach multiple markets through their
Driftwood LNG Seeks US FERC Approval for $13 Billion LNG Export Facility, Louisiana
April 10, 2017
Driftwood LNG Pipeline, a subsidiary of Tellurian, is seeking approval from the US Federal Energy Regulatory Commission (FERC) to construct and operate an LNG export facility in the US. Estimated to cost $13bn-$16bn, the Driftwood LNG export facility near Lake
Unit Corporation to Acquire Oil & Gas Assets in Its Hoxbar Core Area for $57 Million, Oklahoma
April 10, 2017
Unit Corporation’s wholly owned subsidiary, Unit Petroleum Company, has acquired from an undisclosed seller certain oil and natural gas assets primarily in Grady and Caddo Counties in western Oklahoma. The purchase price is approximately $57 million in cash plus 180
BP and DuPont JV Acquires Nesika Energy and Its Advanced Ethanol Facility, Kansas
April 7, 2017
Butamax Advanced Biofuels, a 50/50 joint venture (JV) between BP and DuPont, has acquired Nesika Energy and its advanced ethanol facility in Scandia, Kansas, US. Butamax is planning to commence the detailed engineering work to expand bio-isobutanol capacity of the
Accenture, SAP to Develop Digital Solutions for Oil and Gas Industry
April 7, 2017
Accenture and SAP are expanding their collaboration in the oil and gas industry to develop two innovative digital solutions with cloud capabilities. Both will be designed to improve bottom-line benefits including increased downstream operating margins with reduced risk and increased
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