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ExxonMobil Contributes $500,000 to Flood Relief in Louisiana
August 23, 2016
Exxon Mobil Corporation will contribute $500,000 to the American Red Cross and the Greater Baton Rouge Food Bank to support local flooding disaster relief assistance in Louisiana. “Our thoughts and prayers are with our friends and neighbors in Louisiana who
New BOEM Report Highlights Oil and Gas Activities in Deepwater Gulf of Mexico
August 22, 2016
With approximately 82 percent of the Gulf of Mexico’s oil production and 54 percent of the natural gas coming from wells drilled in 1,000 feet (305 meters) of water or greater, advancement into deepwater Gulf of Mexico (GOM) continues as
Continental Resources Sells Non-Strategic Assets in North Dakota and Montana for $222 Million
August 22, 2016
Continental Resources has signed a definitive purchase and sale agreement with an undisclosed buyer to sell non-strategic properties in North Dakota and Montana for $222 million. The sale includes 68,000 net acres of leasehold primarily in western Williams County, North
Energy Transfer, Sunoco Logistics, Phillips 66 Start Open Season for Bakken Pipeline Transport
August 22, 2016
Dakota Access, LLC and Energy Transfer Crude Oil Company, LLC started the launch of a binding supplemental open season to solicit shipper commitments for transportation service for Bakken/Three Forks production to reach multiple markets through their respective pipeline systems. Dakota
WEC Energy and Cliffs Issue Joint Clarification Statement for Proposed Energy Project, Michigan
August 22, 2016
WEC Energy Group Inc. and Cliffs Natural Resources Inc. issued the following clarification statement about project funding for the proposed natural gas-fired power solution in the Upper Peninsula of Michigan: WEC Energy Group through its affiliates will fund the entire
Emerson to Acquire Pentair’s Valves & Controls Business for $3.15 Billion
August 22, 2016
Emerson has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion. The complementary acquisition establishes Emerson’s global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build
Concho Resources to Acquire Midland Basin Assets for $1.6 Billion, Texas
August 19, 2016
Oil and gas company Concho Resources has signed an agreement to acquire approximately 40,000 net acres in the core of the Midland Basin in Texas, US, from privately held Reliance Energy for $1.625bn. The deal is in line with Concho’s
Welspun Receives $47 Million Order for Diamond Pipeline Project, Arkansas
August 19, 2016
Diamond Pipeline, a joint venture between Plains All American Pipeline and Valero, has submitted an order for more than $47m in coated 20-inch pipe to Welspun in Little Rock, Ark. The Welspun order accounts for approximately two-thirds of the pipe
BlackRock Invests in Planned Cricket Valley Electric Generating Facility, New York
August 18, 2016
Funds managed by BlackRock’s Alternative Solutions Group, in partnership with BlackRock Real Assets, have entered an agreement to invest approximately 10 percent in the 1,100 MW combined cycle gas turbine (CCGT) Cricket Valley electric generating facility, utilizing proven General Electric
Sabine Oil & Gas Emerges from Bankruptcy
August 18, 2016
Sabine Oil & Gas Corporation has emerged from bankruptcy as its Chapter 11 plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of New York on July 27, 2016. In conjunction with its emergence
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