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ExxonMobil Begins Production at Julia Deepwater Oil Field, Gulf of Mexico
April 22, 2016
ExxonMobil has commenced production at the Julia oil field in the Gulf of Mexico, ahead of schedule and under budget. The firm said that the first production well is now online while production from the second well is planned to
IFC and China-Mexico Fund to Invest $200 Million in Mexican Oil Firm Citla Energy
April 22, 2016
World Bank Group member International Finance Corporation (IFC) and private equity firm China-Mexico Fund have agreed to invest $200 million in Mexican oil company Citla Energy. IFC said that the investment decision comes as a result of ‘attractive economic conditions’
88 Energy Confirms New Funding Plans for Icewine Oil Shale Project, Alaska
April 22, 2016
88 Energy Ltd. overnight confirmed it is currently looking to raise between £$5.43 million (A$10 million) and £$8.14mln (A$15 million). The company told investors the potential funding would be priced at 1.9p (3.5 Australian cents). Earlier today, in a brief
U.S. Senate Approves Bill Boosting Clean Coal Research
April 22, 2016
The U.S. Senate passed national energy reform legislation this week for the first time in nearly a decade. The Energy Policy Modernization Act of 2015 includes amendments were offered up by Senators Joe Manchin and Shelley Moore-Capito of West Virginia
Callon Petroleum to Acquire Big Star’s Midland Basin Assets for $220 Million, Texas
April 21, 2016
Callon Petroleum Company has entered into definitive agreements with three private entities to acquire certain assets operated by Big Star Oil and Gas, LLC for total consideration of $220 million in cash and approximately 9.3 million shares of Callon common
White Star Petroleum to Acquire Devon Energy’s Mississippi Lime and Woodford Shale Assets for $200M
April 21, 2016
American Energy – Woodford, LLC has changed its name to White Star Petroleum, LLC. White Star will complete its transition to a standalone company, fully independent of the American Energy Partners, LP platform, during the second quarter of 2016. “We
Tenaska Secures $780 Million for Natural Gas-fueled Power Plant in Pennsylvania
April 21, 2016
Tenaska has closed approximately $780 million in commercial financing for the Tenaska Westmoreland Generating Station, a 925-megawatt (MW) natural gas-fueled power plant project near Pittsburgh. Since its founding in 1987, Tenaska has raised approximately $14.4 billion in capital through bank
Petro Waste Environmental to Build Oil & Gas Non-hazardous Solid Waste Disposal Facility, Texas
April 21, 2016
San Antonio-based Petro Waste Environmental LP has commenced its Orla Landfill, LLC joint venture. Through this joint venture entity, Petro Waste will be constructing and operating a 217 acre Texas Railroad Commission (RRC) regulated oil & gas non-hazardous solid waste
API Calls EPA’s Latest Methane Inventory Seriously Flawed
April 21, 2016
API’s vice president has called EPA’s greenhouse gas inventory is seriously flawed and inconsistent with previous EPA reports and other scientific research. “We’re concerned the administration is putting politics ahead of science by turning the numbers on their head. EPA’s
Center for Sustainable Shale Development Certifies EQT’s Appalachian Operations
April 20, 2016
The Center for Sustainable Shale Development (CSSD) has certified EQT Corporation’s Appalachian Basin operations as having successfully completed the CSSD’s rigorous evaluation and verification process. Full CSSD certification confirms conformance with all 15 of the center’s performance standards. “EQT Corp.
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