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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
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
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
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
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
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
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
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
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
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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