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Eagle Mountain & Shandong Pusheng Petrochemical Form JV for Oil, Gas and Petroleum Products Offering
May 2, 2016
Eagle Mountain Corporation’s strategic partner, Shandong Pusheng Petrochemical Co. Ltd has signed an agreement with the company forming a joint venture for oil, gas and petroleum products trading effective immediately. In addition, the parties have signed their first purchase order,
Phillips 66, Energy Transfer Partners, Sunoco Logistics Begin Bayou Bridge Pipeline Operations
May 2, 2016
Bayou Bridge Pipeline, LLC has started commercial operations on the 30-inch segment of the Bayou Bridge Pipeline from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge is jointly owned by subsidiaries of Phillips 66 Partners LP, Energy Transfer Partners, L.P.
GE Power Opens First Advanced Manufacturing Facility in Greenville, South Carolina
May 2, 2016
GE has celebrated the grand opening of its new state-of-the-art Advanced Manufacturing Works (AMW) in Greenville as the GE Power business continues to introduce tomorrow’s technologies, today. The celebration comes on the heels of GE’s grand opening of its first
Suncor Energy to Acquire 5% Stake in Syncrude Canada for $743 Million
April 29, 2016
Oil and gas producer Suncor has signed an agreement to acquire 5 percent stake in Syncrude Canada joint venture from Murphy Oil for approximately C$937m ($743m). With the acquisition, Suncor’s stake in the Syncrude joint venture in Alberta will increase
Canada’s National Energy Board Approves Enbridge’s Line 3 Pipeline Replacement Project
April 29, 2016
Canada’s National Energy Board (NEB) has recommended the federal Governor in Council to approve the Enbridge’s pipeline project with conditions to replace an aging crude export pipeline to the US. Enbridge earlier announced plans to invest more than C$7.5bn ($5.91bn)
American Midstream Makes Midstream Acquisitions in Gulf of Mexico for $220 Million
April 28, 2016
American Midstream Partners, LP has acquired interests in strategic Gulf of Mexico midstream infrastructure and incremental ownership in Delta House for total consideration of approximately $225 million. Highlights include: • The partnership acquired interests in the Destin natural gas pipeline
ExxonMobil Starts Natural Gas Production at Point Thomson Project, Alaska
April 28, 2016
ExxonMobil has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope. Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic feet per day
API: Energy Bill Strengthens Government Support for American Energy Renaissance
April 28, 2016
API Executive Vice President Louis Finkel has reinforced the importance for modernized, bipartisan energy legislation that can grow America’s energy leadership on a conference call with reporters. “The United States is now an energy superpower, leading the world in oil
Constitution Pipeline Committed to Building Pipeline, Delivering Energy Savings to Northeast U.S.
April 28, 2016
Constitution Pipeline Company, LLC remains steadfastly committed to pursuing the federally-approved energy infrastructure project, despite the recent decision by the New York State Department of Environmental Conservation (NYSDEC) to deny the Section 401 Water Quality Certification for the Constitution Pipeline
Five of Devon Energy’s Former Top Senior Analysts Form New Oil and Gas Acquisition Company
April 27, 2016
SENEX Energy Partners is a new start-up upstream oil and gas acquisition company located in Oklahoma City, Oklahoma. Initially, SENEX will employ 18 individuals. SENEX Energy Partners’ founders include John F. Templin II, Ph.D., president and CEO; A. Paul Baclawski,
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