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Canadian Regulator Recommends Approval for TC Energy’s Edson Mainline Expansion Project
November 24, 2020
The Canada Energy Regulator (CER) has recommended federal approval for TC Energy’s CAD$509 million (US$389.48 million) Edson Mainline expansion project in western Alberta, Canada. The Edson Mainline expansion project is part of the CAD1.5 billion ($1.15 billion) expansion of TC
KBR Secures EPC Contract for Plaquemines LNG Export Facility, Louisiana
November 24, 2020
KBR has secured an engineering, procurement and construction (EPC) contract to serve as the lead contractor for first phase of the Plaquemines LNG export project in Louisiana. The $8.5 billion project, located around 20 miles south of New Orleans, is
Oasis Petroleum Successfully Completes Financial Restructuring
November 24, 2020
Oasis Petroleum has successfully completed its financial restructuring and emerged from Chapter 11. Oasis Petroleum has successfully restructured its balance sheet and reduced its prepetition debt by $1.8 billion and resolved the Mirada litigation, pursuant to its restructuring support agreement
McDermott Secures $560 Million in New Capital to Fund Future Growth
November 23, 2020
McDermott International has secured approximately $560 million in new capital through a series of transactions expected to close by the end of the year. McDermott has secured commitments from certain existing lenders and shareholders for these transactions, as well as
UGI Energy Services Invests in New Energy One’s Renewable Natural Gas Project, Idaho
November 23, 2020
UGI Corporation’s subsidiary, UGI Energy Services, entered into definitive agreements to invest in New Energy One HoldCo, which is part of the team developing a utility-scale renewable natural gas (RNG) project in Idaho. The Idaho RNG project is being developed
Williams Reaches Global Resolution with Chesapeake
November 23, 2020
Williams said it has has reached a global resolution with Chesapeake as part of Chesapeake’s Chapter 11 bankruptcy restructuring process. “Williams has strategically invested in large-scale and essential infrastructure necessary to gather and treat the natural gas that Chesapeake and
Siemens Energy Partners with ProFlex Technologies to Provide IoT-based Pipeline Leak Detection
November 23, 2020
Siemens Energy has partnered with Houston-based ProFlex Technologies to provide spontaneous leak detection services for pipeline operators. As part of the agreement, Siemens Energy gains exclusive access to ProFlex Technologies’ digital Pipe-Safe™ advanced leak detection technology. The technology, combined with
TC Energy Moves Forward with Wisconsin Access Project
November 23, 2020
TC Energy Corporation said it will move forward with its Wisconsin Access Project to increase natural gas capacity, improve reliability, and reduce emissions on a highly utilized segment of its ANR Pipeline system. The $2 billion project will provide approximately
Panhandle Oil and Gas Acquires Mineral and Royalty Assets from Red Stone Resources for $6.9 Million
November 23, 2020
Panhandle Oil and Gas has agreed to acquire two packages of mineral and royalty assets totaling approximately 795 net royalty acres in the SCOOP and Haynesville plays from Red Stone Resources for $6.9 million. The purchase price consists of $6.4
FourPass Energy, Oaktree Partner Launch Oil and Gas Operating Company With $900 Million Commitment
November 20, 2020
FourPass Energy, along with funds managed by Oaktree Capital Management, have formed a partnership to acquire and operate large-scale, oil-weighted, producing oil and gas assets. Oaktree’s $900 million pledge includes $600 million in initial equity, with an option to upsize
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