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Zadar Executes MOU Agreement to Purchase Canadian Petrobrine Projects
March 14, 2017
Zadar Ventures Ltd. has entered into an MOU with a private Alberta company to purchase up to 38,000 hectares of land prospective for lithium bearing petrobrines in Manitoba. Manitoba is a jurisdiction well-known for its oil production in the southeast
BP to Acquire Clean Energy’s Renewable Natural Gas Business for $155 Million
March 10, 2017
BP has agreed to acquire the upstream portion of renewable natural gas business of Clean Energy Fuels. As part of the deal, BP will pay pay $155m to acquire Clean Energy’s existing biomethane production facilities and its share of two
Marathon Petroleum Sells Terminal, Pipeline and Storage Assets for $2 Billion
March 10, 2017
Marathon Petroleum has announced the sale of some of its terminal, pipeline and storage assets to MPLX for $2.02bn. The assets divested by Marathon Petroleum include 62 light-product terminals with approximately 24 million barrels of storage capacity as well as
Saudi Aramco and Shell Agree to Split U.S. Refinery Business
March 10, 2017
Saudi Arabian Oil (Saudi Aramco) and Royal Dutch Shell have agreed to split the assets, liabilities and businesses of their US joint venture, Motiva Enterprises. In connection with the transaction, Saudi Aramco’s subsidiary Saudi Refining (SFI) and Shell’s US downstream
Shell and Mitsui to Move Forward with Kaikias Oil and Gas Project, Gulf of Mexico
March 10, 2017
Royal Dutch Shell and its partner Mitsui have made final investment decision to move ahead with the development of the Kaikias deep-water project in the Gulf of Mexico. Located in the prolific Mars-Ursa basin approximately 210km from the Louisiana coast,
US Department of Energy’s Scientists Develop Reusable Sponge for Oil Spill Cleanup in Seawater
March 10, 2017
Scientists from the US Department of Energy’s (DOE) Argonne National Laboratory have developed a new kind of foam, known as Oleo Sponge, designed to help clean up oil and diesel spills in water. The reusable material has the ability to
Howard Energy Partners to Significantly Expand Its Deep-Water Terminal in Port Arthur, Texas
March 9, 2017
Howard Midstream Energy Partners, LLC (HEP) has executed a long-term terminal services agreement (TSA) with a third-party shipper and plans to significantly expand its bulk liquids terminal facility in Port Arthur, Texas. Under the TSA, Howard Energy Partners will construct
Greensmith Energy Partners with E.ON North America for Two Grid-Scale Energy Storage Systems, Texas
March 9, 2017
Greensmith Energy has partnered with E.ON North America to deliver two grid-scale energy storage systems in Texas. Each system will be 9.9 megawatt (MW) short duration energy storage projects using lithium-ion battery technology. The projects are designed to provide ancillary
Energy Transfer to Construct Fifth NGL Fractionation Facility at Mont Belvieu, Texas
March 9, 2017
Energy Transfer Partners’ subsidiary, Lone Star NGL LLC, will construct a fifth natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator V, including NGL product infrastructure and a new 3 million barrel y-grade storage cavern, has a total
Resolute Energy to Acquire $160 Million Oil and Gas Assets in Delaware Basin, Texas
March 8, 2017
Resolute Energy has agreed to purchase certain producing and undeveloped oil and gas assets from undisclosed private sellers in the Reeves County of Texas, US, for around $160m. Under the deal, Resolute will acquire about 4,600 net acres in Reeves
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