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Ben Franklin’s Shale Gas Innovation Center to Award $80K at 5th Year Shale Gas Innovation Contest
January 18, 2016
Innovators who are developing or have recently commercialized new products or services that are applicable to any aspect of the O&G industry should enter the 5th Annual Shale Gas Innovation Contest. Sponsored by Ben Franklin’s Shale Gas Innovation and Commercialization
British Columbia Gov’t Opposes Kinder Morgan’s $3.81 Billion Pipeline Expansion Project, Canada
January 15, 2016
The Government of British Columbia (BC) has opposed Kinder Morgan’s planned C$5.4bn ($3.81bn) expansion of the Trans Mountain pipeline in Canada. In its final written submission to the National Energy Board (NEB) panel, the government said that that firm has
Crude at $10 Already a Reality for Canadian Oil-Sands Miners
January 15, 2016
Think oil in the $20s is bad? In Canada they’d be happy to sell it for $10. Canadian oil sands producers are feeling pain as bitumen — the thick, sticky substance at the center of the heated debate over TransCanada
AspenTech to Acquire KBC Advanced Technologies for $230 Million
January 14, 2016
Aspen Technology, Inc. subsidiary, ATI Global Optimisation LTD, will acquire KBC Advanced Technologies plc. The transaction values KBC at approximately £158 million or approximately $230 million at the current exchange rate. The transaction will be funded by cash on hand
Invictus Energy Receives $150 Million Equity to Pursue Lease & Drill Opportunities in North America
January 14, 2016
Invictus Energy, LLC has received a $150 million equity commitment from Kayne Anderson Energy Funds and members of the management team. Invictus is being formed to pursue lease and drill opportunities in North America. Invictus is a newly formed independent
Xcel Energy Awards $2 Million Contract for Progressive Water Treatment, Minnesota
January 14, 2016
Xcel Energy has awarded Progressive Water Treatment Inc., a subsidiary of OriginClear Inc., a large-scale contract for a boiler feedwater treatment system. The contract totals nearly two million dollars and uniquely utilizes all Dow Chemical products, including ultrafiltration (UF), reverse
Concord Engineering Wins Engineer Contract for PSEG Keys Energy Center, Maryland
January 14, 2016
Concord Engineering was recently selected by PSEG as their owner’s engineer for a 755 MW power plant through a competitive bidding process between multiple firms based on its experienced combined-cycle engineering staff and the company’s success with previous PSEG projects.
Ener-Core Completes Construction of 2-MW Power Oxidizer Unit, California
January 14, 2016
Ener-Core, Inc. has completed primary construction of the first-ever 2 MW-sized power oxidizer in December 2015. The unit was assembled on the industrial site of Combustion Associates, Inc. in Corona, CA, and will be integrated with a gas turbine to
Halliburton and Baker Hughes Respond to European Commission Action
January 14, 2016
Halliburton Company and Baker Hughes Incorporated have noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the
GE Moves Headquarters to Boston
January 14, 2016
GE has selected Boston for its corporate headquarters location. “GE aspires to be the most competitive company in the world. Today, GE is a $130 billion high-tech global industrial company, one that is leading the digital transformation of industry. We
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