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Calgary-based Penn West Petroleum Sells Its Slave Point Properties for $148 Million
April 20, 2016
Penn West Petroleum Ltd. has successfully closed the sale of its properties in the Slave Point area of Northern Alberta for cash consideration of approximately $148 million, subject to closing adjustments. In addition, Penn West has closed approximately $50 million
Sage Midstream Receives $500 Million Equity Commitment from Stonepeak Infrastructure Partners, Texas
April 20, 2016
Sage Midstream Ventures, LLC has received an equity commitment of up to $500 million from Stonepeak Infrastructure Partners to pursue midstream acquisition and development opportunities throughout North America’s energy industry. Sage will pursue acquisition and development opportunities across the hydrocarbon
NTE Energy to Offer Asset Management as Power Projects Progress; Names Dan Muxie Vice President
April 20, 2016
As NTE Energy continues to develop and construct its natural gas power projects across the United States, the team has expanded its service offerings to include asset management. This new function for NTE Energy will both support the asset management
Oilfield Service Companies Packers Plus and Schlumberger Enter Into Global Alliance
April 20, 2016
Packers Plus and Schlumberger have entered into a global alliance, enabling the two oilfield service companies to become channel partners in key markets around the world. “By combining the strength of Packers Plus’ technologies in multi-stage completions with Schlumberger’s impressive
Wolverine Pipe Line Company Recognized with Distinguished Safety and Environmental Award
April 20, 2016
Wolverine Pipe Line Company was recently recognized for safety and environmental performance by the American Petroleum Institute (API). API awarded its Distinguished Safety and Environmental Award to the Portage, Michigan based pipeline company. This is API’s highest safety and environmental
Energy XXI Files for Chapter 11 Bankruptcy Protection
April 20, 2016
US oil and gas producer Energy XXI has filed for bankruptcy protection in the US to strengthen balance sheet and reduce debt of more than $2.8bn amid plunging oil price. Through the Chapter 11 restructuring, the firm is planning to
Goodrich Petroleum Files for Chapter 11 Bankruptcy Protection
April 20, 2016
US-based independent oil and natural gas exploration and production firm, Goodrich Petroleum has filed for bankruptcy protection in the US in an effort to strengthen its balance sheet amid slump in commodities markets. Through the Chapter 11 bankruptcy filing with
NTE Energy to Invest $2 Billion to Build Three Natural Gas-fired Plants in U.S.
April 20, 2016
NTE Energy is planning to develop three natural gas-fired combined cycle facilities in the US with an investment of $2bn. The firm will invest more than $900m to build the 1000MW Pickaway Energy Center planned in Ohio. About $500m each
Arkansas-based NanoMech Receives $10 Million Investment from Saudi Aramco Energy Ventures
April 19, 2016
NanoMech has secured $10 million from Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia’s national oil company. This capital infusion and relationship will significantly accelerate NanoMech’s manufacturing, sales and product development. NanoMech uses nanotechnology to develop
Alphabet Energy and Coyote North Transform Oil & Gas Enclosed Flares Into Source for Cleaner Power
April 19, 2016
Alphabet Energy and Coyote North have introduced the Power Generating Combustor (PGC™). Designed for Quad O compliance, the PGC™ is an integrated combustor and solid-state power generator that converts exhaust heat from enclosed flares into electrical power. By generating a
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