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Shale Gas Proves More Resilient than U.S. Government Expected
March 9, 2016
America’s energy explorers have become so good at pulling natural gas out of the ground that government forecasters are having a hard time figuring out how much they’re producing. This month, the Marcellus shale formation of the eastern U.S., the
Dorf Ketal Chemicals Acquires US-based Oilfield Chemical Provider Flow-Chem Technologies
March 8, 2016
Dorf Ketal Chemicals India Private Limited (Dorf Ketal), an India based global leader in specialty chemicals, today announced the completion of its acquisition of Flow-Chem Technologies LLC (Flowchem), based in Rayne, LA (USA). Flow-chem is a specialty oilfield chemical provider
Energold Drilling Acquires Oil and Gas Drilling Services Company Cros-Man Direct Underground
March 8, 2016
Energold Drilling Corp. has acquired Cros-Man Direct Underground Ltd., headquartered in Reston, Manitoba, Canada. The arms-length acquisition adds to Energold’s growing portfolio of drilling services provided by the company, as well as specifically targeting non-commodity related business lines. Through the
Duke Energy Secures Approval to Build $1 Billion Asheville Combined Cycle Power Plant, NC
March 8, 2016
Duke Energy has secured approval from the North Carolina Utilities Commission (NCUC) for its plan to replace its 376MW Asheville coal-fired power plant in North Carolina, US, with a new natural gas plant. The project, which is estimated to cost
Enbridge Gas Prepared to Play Significant Role in Ontario’s Lower-Carbon Future
March 8, 2016
Enbridge Gas Distribution Inc. is poised to help customers transition to a more sustainable future. “Natural gas has already helped Ontario move off coal-fired electricity and will continue to play an important role in reducing the province’s greenhouse gas emissions,”
Falcon Fastening Solutions Saves Manufacturers 14 Percent in 2015
March 8, 2016
Falcon Fastening Solutions, Inc., a cost-reduction specialist for original equipment manufacturers (OEMs) using production components in high-volume, reports an average customer cost savings of 14.4 percent for 2015. Falcon’s services reduce waste from an OEM’s supply chain via vendor managed
Oil Rallies to Three-Month High
March 8, 2016
Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year’s lows on an improving global outlook and stronger sentiment for a market recovery. Front-month Brent crude futures
Dominion and Questar File Merger Applications in Utah and Wyoming
March 7, 2016
Dominion Resources, Inc. and Questar Corporation have jointly filed merger applications with the Public Service Commission of Utah and the Wyoming Public Service Commission regarding the pending combination reported February 1, 2016. The companies also provided notice of the proposed
Par Pacific Holdings Completes $55 Million Investment in Laramie Energy
March 7, 2016
Par Pacific Holdings, Inc. completed its $55 million investment in Laramie Energy, LLC on March 1, 2016. Simultaneously, Laramie completed its acquisition of certain properties in the Piceance Basin for $157.5 million. With the completion of the acquisition and related
Entergy Acquires Natural Gas-fired Generating Facility Union Power Station, Arkansas
March 7, 2016
Taking a major step toward providing additional efficient, clean energy resources for new and existing customers and modernizing the company’s power generation fleet, Entergy Corporation’s subsidiaries, Entergy Arkansas, Inc., Entergy Louisiana, LLC, and Entergy New Orleans, Inc. closed their purchase
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