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Oil Prices Rally Amid Latest Saudi Pledge
March 2, 2016
Crude prices kept higher on Monday amid reports of a new supportive pledge out of the Middle East. Saudi Arabia, the world’s largest producer and the driving force behind OPEC, has said it may work with other producers to limit
Western Gas to Acquire Anadarko Petroleum’s Springfield Pipeline for $750 Million, Texas
March 1, 2016
Western Gas Partners, LP has agreed to acquire a 100 percent interest in Springfield Pipeline LLC from Anadarko Petroleum Corporation for $750.0 million. Springfield’s sole asset is a 50.1 percent interest in the Springfield oil and gas gathering system, which
Virtus Oil and Gas Signs LOI to Purchase Oil and Gas Field in San Juan County, Utah
March 1, 2016
Virtus Oil and Gas Corporation has signed a letter of intent with a US subsidiary of an international oil and gas company, to acquire its U.S. operated, producing oil and gas fields in San Juan County, Utah. Under the terms
RimRock Oil & Gas Secures $500 Million for Acquisitions and Developments in U.S. and Canada
March 1, 2016
RimRock Oil & Gas has secured a $500 million line-of-equity investment from Warburg Pincus, a global private equity firm focused on growth investing. RimRock intends to focus on the acquisition and development of unconventional oil and gas assets across select
Carry the Kettle First Nation and TransCanada Reach Agreement to Bolster Long-Term Relationship
March 1, 2016
TransCanada Corporation and Carry the Kettle First Nation have reached the terms for an agreement that sets out the vision of a collaborative and respectful long-term relationship. “This agreement acknowledges the unique 60-year relationship between TransCanada and Carry the Kettle
Paradigm Energy Closes Crude Oil Gathering Agreement in Charlson Field, North Dakota
March 1, 2016
Paradigm Energy Partners, LLC has successfully executed another substantial crude oil gathering agreement for Paradigm’s Charlson Gathering System in the North Dakota Bakken Shale. Paradigm reached an agreement with XTO Energy Inc. to gather crude oil from XTO’s Charlson Field
Sempra, Woodside Subsidiaries Sign Natural Gas Liquefaction Project Development Agreement, Texas
February 29, 2016
Sempra Energy’s Sempra LNG & Midstream unit has entered into a project development agreement with a subsidiary of Woodside Petroleum Ltd. to further advance the development of the proposed Port Arthur LNG natural gas liquefaction facility in Port Arthur, Texas.
FourPoint Energy to Acquire Chesapeake Energy’s Remaining Western Anadarko Assets for $385 Million
February 29, 2016
FourPoint Energy, LLC has signed a definitive agreement to acquire all of Chesapeake Energy’s remaining Western Anadarko Basin oil and gas assets for a purchase price of $385 million. The assets to be acquired include an interest in nearly 3,500
Southern Company Leading Global Carbon Capture Research and Development Network for U.S.
February 29, 2016
Southern Company has assumed leadership of the Carbon Capture International Test Center Network (ITCN), a global coalition of facilities working to accelerate the research and development (R&D) of carbon capture technologies. The National Carbon Capture Center (NCCC), a U.S. Department
March 3: Frost & Sullivan Online Panel Discussion on 2016 Global Oil & Gas Outlook
February 29, 2016
The dramatic decline in the oil price at the end of 2015 and the start of 2016 is having major implications for the sector and the wider economy. Frost & Sullivan’s two top oil & gas experts — Principal Jonathan
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