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GulfSlope Files Drilling Permit Application for Tau Prospect, Gulf of Mexico
March 2, 2020
Independent oil and natural gas company GulfSlope Energy is seeking drilling permits for the Tau prospect on the outer continental shelf of the US Gulf of Mexico. The firm has filed an application for permit to drill (APD) with the
Worst Oil Week Since 2011 Puts Pressure on OPEC+
February 28, 2020
Oil was on course for its biggest weekly loss since 2011 as the fast-spreading coronavirus roiled global markets, intensifying speculation that OPEC and its allies will strike a deal to support prices. Futures in New York fell a sixth day
Mosman Oil and Gas Expands Stanley Project with Acquisition of New Acreage
February 28, 2020
Mosman Oil and Gas, an Australian oil and gas company, has agreed to acquire interests in two leases in Texas, located near its Stanley project. The Australian firm said that it has worked alongside its partner Baja Oil and Gas
Versa Integrity Group Acquires Element Integrity Group
February 28, 2020
Versa Integrity Group has closed a transaction to acquire Element Integrity Group. Element provides innovative mechanical integrity and non-destructive testing services to the petrochemical industry, including in consulting, program implementation, inspection, verification, and testing. Element has more than 60 employees
Hunting Acquires Enpro Subsea for $33 Million
February 27, 2020
UK-based energy services provider Hunting has completed the acquisition of Enpro Subsea, a provider of production optimization services for oil and gas industry. Under the terms of transaction agreement, Hunting will pay a consideration of $33 million, along with an
BLM Initiates Public Comment Period on Parcels Offered in June Oil and Gas Lease Sale
February 27, 2020
The Bureau of Land Management (BLM) proposes to offer four parcels, totaling approximately 4,376.5 acres, at the June competitive oil and gas lease sale. The parcels are located in Grand and San Juan counties on public lands managed by the
Phillips 66 Partners to Acquire Stake in Liberty Pipeline Project in $75M Deal
February 27, 2020
Phillips 66 Partners has agreed to acquire Phillips 66’s 50 percent stake in the Liberty Pipeline project, US, in a deal worth $75 million. The project is a 24in-diameter, 700-mile-long pipeline deigned to transport crude oil from the Rockies and
Pennsylvania Advances Rule to Restrict Methane Emissions from Oil and Gas Production
February 27, 2020
Pennsylvania’s Environmental Quality Board passed regulations to reduce methane and volatile organic compound emissions from oil and gas operations in the state, that will make it hard for small firms to operate wells or storage facilities. Pennsylvania’s Environmental Quality Board
CenterPoint Energy to Sell Its Natural Gas Retail Business for $400 Million
February 27, 2020
US-based electric and natural gas utility company, CenterPoint Energy has agreed to sell CenterPoint Energy Services (CES), a natural gas retail business to Energy Capital Partners (ECP) for about $400 million. Headquartered in Houston, CES has around 300 employees. The
ERF Wireless Forms New Subsidiary to Acquire Oil and Gas Assets
February 26, 2020
ERF Wireless’ board of directors have voted to form a new wholly owned private Texas subsidiary corporation named Zona Resources, Inc. The purpose of this new subsidiary will be to provide ERF Wireless with a wholly owned private subsidiary focused
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