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EMCOR Group to Acquire Ardent Services and Rabalais Constructors for $205 Million
March 22, 2016
EMCOR Group, Inc. has entered into a definitive agreement to acquire Ardent Services, L.L.C. and Rabalais Constructors, LLC (collectively, Ardent), leading providers of electrical and instrumentation services to the energy infrastructure market in North America. EMCOR is acquiring privately held
TransCanada to Acquire Columbia Pipeline Group for $13 Billion
March 22, 2016
TransCanada has signed an agreement to acquire Columbia Pipeline Group for CAD$10.2bn ($13bn) in a bid to strengthen its natural gas transmission business. Under the terms of the deal, TransCanada will offer $25.50 per share in cash for each Columbia
U.S. PHMSA Proposes Safety Regulations for Natural Gas Transmission Pipelines
March 22, 2016
The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has proposed regulations to update critical safety requirements for natural gas transmission pipelines. The proposed rule would broaden the scope of safety coverage both by adding new assessment
Paramount Sells Midstream Assets in Calgary to Pembina Pipeline for $600 Million
March 22, 2016
Paramount Resources has signed an agreement to sell Musreau Complex and related midstream assets to a wholly-owned subsidiary of Pembina Pipeline for $600m. The assets considered for the sale include the 50 million cubic feet per day (MMcf/d) refrigeration plant,
Monterra Energy Set to Start Development of Gas Pipeline Project in Central Mexico
March 21, 2016
Monterra Energy plans to build a refined products pipeline to improve efficiency and competition in Central Mexico. The pipeline will address critical infrastructure needs to transport imported refined products from the port of Tuxpan, Veracruz, into Central Mexico near Tula,
Texas-based JP Services Launches Pipeline Cleaning Division
March 21, 2016
JPH Holdings, LLC (JP Services) has launched its new chemical and mechanical cleaning division to service pipeline owners and operators. The Pipeline Services Division will provide cleaning services either in or out of service for intrastate, interstate and gathering system
Oil Price Backs Off Again as Spotlight Sharpens on OPEC
March 18, 2016
Brent crude prices backed off again on Tuesday as oil traders lost some confidence in the prospect of the oversupply easing. In London, Brent crude traded down 2.3 percent to US$38.64 a barrel, while West Texas Intermediary futures lost 2.7
Northern Petroleum’s New Rainbow Assets Performing Better than Expected, Canada
March 18, 2016
Northern Petroleum has told investors that recently acquired assets in Canada are performing better than expected. Whilst the company is part way through its winter work program production currently stands at 400 barrels of oil day, and work due in
FERC Rejects Multibillion-dollar Jordan Cove Gas Export Plan, Oregon
March 18, 2016
U.S. regulators rejected Veresen Inc.’s multibillion-dollar proposal to build a terminal in Oregon that would export as many as two tankers of natural gas a week. They also denied its plan to a build a pipeline with Williams Partners LP
Obama Administration Reverses Proposal for Oil and Gas Drilling Plan in Southeastern Atlantic Coast
March 18, 2016
The US Government has announced plans to exclude the oil and gas lease sale off the southeast Atlantic coast, citing existing market dynamics, local opposition and conflicts with competing commercial and military ocean uses. Obama administration has reversed its proposal
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