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New Company Formed, Palmilla Energy, to Manage and Develop Midstream Assets
September 13, 2016
Palmilla Energy LLC, a Houston-based company, has been formed to manage and develop midstream assets. Palmilla is backed by funds managed by Oaktree Capital Management, L.P. Palmilla provides a full suite of midstream and marketing services to oil and gas
MGX Minerals Engages Saskatchewan Research Council to Test Lithium Brine Extraction from Oil Wells
September 13, 2016
MGX Minerals Inc. has engaged the Saskatchewan Research Council (SRC) to conduct lithium-enriched formation water testing. SRC will utilize the company’s rapid brine production process to extract lithium and evaluate key aspects of the proprietary extraction method, which aims to
Phillips 66 Partners to Acquire Chevron’s South Louisiana NGL Logistics Assets
September 12, 2016
Phillips 66 Partners has entered into an agreement to acquire a natural gas liquids (NGL) logistics system in southeast Louisiana currently owned by Chevron for undisclosed sum. The system comprises nearly 500 miles of pipelines and a storage cavern connecting
Williams Realigns Organization to Advance Natural Gas-Focused Strategy and Drive Value
September 12, 2016
Williams will realign the organization to simplify its structure and increase direct operational alignment to advance the company’s proven, natural gas-focused strategy and drive continued focus on customer service and execution. By early 2017 Williams will consolidate the number of
Rio Grande Receives DOE Authorization to Export LNG to Free Trade Agreement Countries
September 12, 2016
NextDecade, LLC has received authorization from the United States Department of Energy (DOE) to export liquefied natural gas (LNG) from its proposed Rio Grande LNG facility to free trade agreement (FTA) countries. Responding to the application filed in December 2015,
Navigator Energy Services to Provide Crude Oil Gathering Services to Surge Energy, Texas
September 8, 2016
Navigator Energy Services, LLC will provide crude oil gathering services to Surge Operating, LLC (Surge Energy) for an area of mutual interest spanning approximately 25,000 acres in Howard County, Texas. Navigator plans to begin construction later this year on a
PG&E Becomes First Natural Gas Utility to Receive Process Safety Certification
September 8, 2016
Pacific Gas and Electric Company (PG&E) has successfully passed a comprehensive gas safety audit and has been certified to the chemical industry’s RC14001® management system standard. The audit reviewed numerous end-to-end safety processes at the company, ultimately approving PG&E as
Utah Regulator Approves Questar’s $4.4 Billion Merger Deal with Dominion
September 2, 2016
Power producer Dominion Resources has secured approval from the Public Service Commission of Utah, US for the proposed $4.4bn deal to acquire Questar, a natural gas distribution, pipeline, storage and cost-of-service gas supply company. The approval, however, is subject to
Blackstone Group to Invest $1.5 Billion to Develop Permian Basin Assets, Texas and New Mexico
September 2, 2016
US based private equity and asset management company Blackstone Group is partnering with two oil and gas companies to invest $1.5bn for development of assets in the Permian shale formation. Funds managed by Blackstone Energy Partners and an affiliate of
Shell to Divest Gulf of Mexico Assets to EnVen Energy for $425 Million
September 2, 2016
Royal Dutch Shell, through its affiliate Shell Offshore, has signed an agreement to divest 100 percent stake in Green Canyon Blocks 114, 158, 202 and 248 located in the Gulf of Mexico to US-based firm EnVen Energy Ventures for $425m.
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