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RPSEA and SEAM Sign MOU to Partner on Future Cutting-Edge Energy Research
March 16, 2017
The Research Partnership to Secure Energy for America (RPSEA) and the SEG Advanced Modeling Corporation (SEAM), a subsidiary of the Society of Exploration Geophysicists (SEG), have signed a memorandum of understanding (MOU) to combine resources and jointly pursue research projects
M2 Infrastructure and TransCanada to Pursue Development of New Crude Oil Storage, Oklahoma
March 16, 2017
M2 Infrastructure LLC has entered into a memorandum of understanding with TransCanada Corporation to pursue construction of 6.2 million barrels of new crude oil storage at TransCanada’s terminal in Cushing, Oklahoma. Cushing is the most active crude oil trading hub
Wood Group to Acquire Amec Foster Wheeler for $2.7 Billion
March 15, 2017
Oil services company Wood Group has signed an agreement to take over UK-based rival Amec Foster Wheeler for £2.2bn ($2.7bn). Under the terms of the deal, the shareholders of Amec Foster Wheeler will receive 0.75 new Wood Group shares for
Exxon Mobil to Invest $20 Billion in U.S. Gulf Coast Refining and Chemical Projects
March 15, 2017
Oil and gas company Exxon Mobil has announced plans to invest $20bn in its refining and chemical manufacturing projects in the US Gulf Coast through 2022. Exxon Mobil CEO and Chairman Darren Woods said that the firm intends to expand
Canada Approves $439 Million Towerbirch Pipeline Expansion Project
March 15, 2017
The Canadian government has conditionally approved NOVA Gas Transmission’s (NGTL) proposed Towerbirch pipeline expansion project. Estimated to cost $439m, the project involves construction of 87km-long interprovincial natural gas pipeline between British Columbia and Alberta. Subject to 24 binding conditions, the
U.S. to Offer 73 Million Acres in Gulf of Mexico for Oil and Gas Exploration
March 15, 2017
The US Department of Interior (DOI) is planning to offer 73 million acres for oil and gas exploration and development offshore Texas, Louisiana, Mississippi, Alabama, and Florida. Scheduled to take place in August 2017, the proposed lease sale 249 will
Exxon Mobil Obtains Exemption from Canadian Oil and Gas Reporting Obligations
March 14, 2017
The securities commissions for the provinces of Alberta and Ontario have issued a decision document for Exxon Mobil Corporation, which has the effect of granting ExxonMobil exemptive relief from the disclosure requirements contained in National Instrument 51-101 – Standards of
Enterprise Signs Natural Gas Processing Agreements with Producers from Wyoming’s Green River Basin
March 14, 2017
Enterprise Products Partners renegotiated and extended an agreement with Ultra Petroleum Corp. to process natural gas from Ultra’s production in the Pinedale Field in southwestern Wyoming. The agreement secures a 20-year supply of natural gas for Enterprise’s Pioneer cryogenic processing
Mitsubishi Hitachi Power Systems Supplying Gas Turbines to Entergy Louisiana
March 14, 2017
Located in St. Charles Parish, about 30 miles west of New Orleans, there will be one of the cleanest and most efficient units in Entergy Louisiana’s generation fleet. The high efficiency natural gas-fired plant will be digitally-enabled to optimize power
ExxonMobil’s Integration, Diverse Portfolio of Investments to Drive Growth
March 14, 2017
Exxon Mobil Corporation is positioned to succeed in any price environment by maximizing the competitive advantages of its integrated businesses and by investing in projects that generate high-value products across the commodity cycle, Chairman and Chief Executive Officer Darren W.
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