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Energy Transfer, Sunoco Logistics, Phillips 66 Complete Project Financing for Bakken Pipeline
August 3, 2016
Energy Transfer Partners, L.P. (ETP), Sunoco Logistics Partners L.P. and Phillips 66 have successfully completed the project-level financing of the Dakota Access Pipeline (DAPL) and Energy Transfer Crude Oil Pipeline (ETCOP) projects (collectively the Bakken Pipeline). The $2.5 billion facility
Sapurakencana Petroleum Secures $113 Million Pipeline Contract in Mexico
August 3, 2016
SapuraKencana Petroleum Berhad’s (SapuraKencana) wholly-owned subsidiary company, SapuraKencana Mexicana has been awarded a contract with a value of approximately $113m. The contract is for the Procurement and Construction of a 36” X 18 KM Sour Gas Pipeline (KMZ – 76)
ExxonMobil Invests $15 Million to Pursue Emerging Technologies at UT Austin Energy Institute
August 3, 2016
ExxonMobil will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. The joint research
BLM Plan for 6.5 Million Acres Calls for Mix of Mining, Oil and Gas, Conservation, Alaska
August 3, 2016
The Bureau of Land Management announced final plans Friday for the 6.5 million acres the federal agency manages in eastern Alaska. The plan recommends opening 1.7 million acres (26 percent) of the lands to possible mining or oil and gas
Bechtel to Increase Sulfur Fuels Production at ExxonMobil’s Beaumont Refinery, Texas
August 3, 2016
ExxonMobil has awarded a contract to Bechtel to increase production of ultra-low sulfur fuels at its refinery in Beaumont, Texas to further boost its integrated downstream portfolio. Under the contract, Bechtel will apply ExxonMobil’s SCANfining technology to increase the production
EnLink Midstream Forms JV with NGP to Expand Gathering and Processing Business, Delaware Basin
August 2, 2016
EnLink Midstream, LLC and an affiliate of NGP Natural Resources XI, L.P.have formed a strategic joint venture to operate and expand the partnership’s natural gas, natural gas liquids, and crude oil midstream assets in the liquids-rich Delaware Basin. The system
SM Energy Divests Oil and Gas Assets in North Dakota and Montana for $172.5 Million
August 2, 2016
SM Energy Company has entered into definitive agreements for the sale of two separate packages of non-core assets for a combined price of $172.5 million. The transactions are expected to close late in the third quarter of 2016. One package
Seventy Seven Energy Emerges from Chapter 11 Bankruptcy
August 2, 2016
Seventy Seven Energy Inc. has successfully completed its prepackaged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. The company, whose Chapter 11 plan of reorganization was confirmed by the United States Bankruptcy Court for the District of Delaware
Fracking Enters U.S. Presidential Race as an Independent
August 2, 2016
Fracking has launched an independent bid for the presidency. The announcement was made in a 60 second ad on social media. Americans across the country viewed the video on mobile devices and computers — all made possible by the candidate’s
Golden Pass LNG Import Facility in Sabine Pass Receives Final EIS, Texas
August 1, 2016
The Federal Energy Regulatory Commission (FERC) published the final environmental impact statement (FEIS) for a proposed $10 billion liquefied natural gas export project to be built by Golden Pass Products LLC (GPP) at the existing world-class Golden Pass LNG import
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