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BP Approves Development of $9 Billion Mad Dog Phase 2 Project, Gulf of Mexico
December 12, 2016
BP has approved the development of the $9bn Mad Dog Phase 2 project located in the deepwater Gulf of Mexico despite a slump in the oil market. The Mad Dog Phase 2 project is the second stage of development of
Mexico Awards Deepwater Exploration Rights for Eight Blocks in Gulf of Mexico
December 12, 2016
Mexico has awarded exploration rights for eight of the 10 deepwater blocks in the Gulf of Mexico following a bidding Round 1.4. The Deepwater exploration tender offered a total of 10 deepwater blocks, with four in the Perdido Area and
Canada’s Enbridge Completes Sale of South Prairie Region Assets for $1.075 Billion
December 12, 2016
Enbridge Income Fund’s affiliate has completed the sale of its South Prairie Region assets to Tundra Energy Marketing Limited (TEML) for $1.075bn in cash. The assets include liquids pipelines and related facilities in southeast Saskatchewan and southwest Manitoba. They are
Medallion Midstream to Build Parsley Energy’s Delaware Basin Crude Oil Pipeline System
December 12, 2016
Medallion Midstream has entered into a letter of intent to construct a new Delaware Basin crude oil pipeline system to provide crude oil gathering and transportation services for Parsley Energy (Parsley). The new pipeline will be anchored by Parsley’s long-term
Chesapeake to Divest Stake of Haynesville Shale Acreage for $450 Million, Louisiana
December 12, 2016
Chesapeake Energy has agreed to divest a stake in its acreage and producing properties in its Haynesville Shale operating area in northern Louisiana, US to undisclosed firm for approximately $450m. As part of the deal, Chesapeake will sell approximately 78,000
TransCanada to Move Ahead with $655 Million Saddle West Natural Gas Project
December 12, 2016
TransCanada’s wholly-owned subsidiary, NOVA Gas Transmission (NGTL) is all set to go ahead with its $655m Saddle West natural gas project. The expansion of the NGTL System will help in increasing the overall natural gas transportation capacity on the northwest
SNC-Lavalin Awarded $100 Million EPC Contract for Crestwood’s Midstream Oil and Gas Project
December 12, 2016
SNC-Lavalin has been awarded a $100m contract for the engineering, procurement, construction (EPC) and operations of multiple gas compression and dehydration facilities in the Permian Basin, US from Crestwood Equity Partners. The 10-year Build-Own-Operate (BOO) oil and gas services will
Shell Completes Upgrades at Its Scotford Refinery to Increase Production, Canada
December 8, 2016
Shell has successfully completed a major growth project at its Scotford Refinery near Edmonton, Alberta that will increase hydrocracker production capacity by 20 percent. The project was completed through the debottlenecking of the hydrocracker, a core refining unit for making
America Needs More Energy to Power Its Manufacturing Resurgence
December 7, 2016
Due to a confluence of technology, existing infrastructure, workforce, rule of law and markets, America is on the verge of a massive manufacturing boom that will boost domestic energy demand while adding jobs and lifting incomes. The fuel for this
Jacobs Secures Contract from Shell for Gulf of Mexico Platform
December 6, 2016
Jacobs Engineering Group Inc. has been awarded a contract from Shell Offshore Inc. (RDS) for its Vito host project in the Gulf of Mexico. Under the terms of the contract, Jacobs is delivering a front-end engineering and design package and
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