Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

KPS Capital to Aquire Briggs & Stratton

July 23, 2020

Briggs & Stratton has entered into a definitive stock and asset purchase agreement with KPS Capital Partners, which has more than a 20-year history focused on successfully developing world-class, industry-leading manufacturing companies. Under the terms of the agreement, an affiliate

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Cooper Energy to Invest $38 Million to Upgrade Minerva Gas Plant, Australia

July 22, 2020

Cooper Energy, along with its partner Mitsui Group, has announced $38 million investment in the upgrade of Minerva gas plant to support the increased gas supply in Australia. In December last year, the two companies took possession of the gas

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BOEM Plans Oil and Gas Lease Sale in November for Gulf of Mexico’s Outer Continental Shelf

July 22, 2020

The US Bureau of Ocean Energy Management (BOEM), an agency within the US Department of the Interior (DOI), has announced plans to offer about 78.8 million acres in federal waters of the Gulf of Mexico’s Outer Continental Shelf (OCS), for

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Chevron Signs $5 Billion Deal to Acquire Noble Energy

July 22, 2020

Energy firm Chevron has agreed to acquire US-based Noble Energy in an all-stock transaction valued at $5 billion. Under the terms of the deal, Noble Energy shareholders will receive 0.1191 shares of Chevron for each share held. The transaction has

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Second Bakken Pipeline Shutdown Further Threatens Shale Recovery

July 22, 2020

Earlier this month, a federal judge stunned the U.S. energy sector with an order to shut down the Dakota Access pipeline. Environmentalists hailed it as the first time a fully operating system had been forced to close by a legal

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Cycle Energy Acquires Harvest Petroleum

July 21, 2020

Cycle Energy Industries has signed a purchase agreement for 100 percent of the issued and outstanding shares of Harvest Petroleum Inc. The purchase agreement states Cycle will purchase all of the issued and outstanding shares of Harvest Petroleum Inc. for

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Halliburton and TechnipFMC Launch Joint Subsea Fiber Optic Service

July 21, 2020

Halliburton Company and TechnipFMC introduced Odassea™, the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge. The Odassea

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Midstream Industry Veterans Form Tivoli Midstream, a New Terminal and Storage Platform Company

July 21, 2020

Midstream industry veterans Rance Fromme, Rick Adams, and William Brod have formed a new company Tivoli Midstream. Tivoli brings together 70 years of combined terminal, midstream, logistics, chemical, and energy experience. Tivoli is backed by an equity commitment from its

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Align Midstream Partners Enters JV With Sabine Oil & Gas, Completes TOPS Pipeline

July 21, 2020

Align Midstream Partners II has completed the TOPS Pipeline and formed a joint venture agreement in the pipeline with Sabine Oil & Gas, a fully owned subsidiary of Osaka Gas USA . The TOPS pipeline is a 30-mile, 16-inch diameter

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Harvest Oil & Gas to Sell Eastern Ohio Wells for $20.5 Million

July 20, 2020

Harvest Oil & Gas, based in Houston, has struck a deal to sell its Appalachian Basin holdings and leave the region. The $20.5 million deal is set to close in August and the buyer hasn’t been identified. The buyer is

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