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IEA: OPEC and Oil Supply Cuts Won’t Prevent Surplus in 2020
December 16, 2019
Global oil markets still face a surplus next year even if OPEC and its partners deliver newly-announced production cuts in full, the International Energy Agency said. Oil inventories may accumulate by 700,000 barrels a day in the first quarter even
RPSEA Launches Program to Leverage Investments in Onshore Research
December 13, 2019
The Research Partnership to Secure Energy for America (RPSEA) is dedicating its research expertise and academic resources to launch a national collaborative research program focused on providing information to the global energy industry to help leverage investments in onshore research
Chevron Sanctions Anchor Project in Deepwater Gulf of Mexico
December 13, 2019
Chevron Corporation has sanctioned the Anchor project in the U.S. Gulf of Mexico. This marks the industry’s first deepwater high-pressure development to achieve a final investment decision. Delivery of the new technology, which is capable of handling pressures of 20,000
Primus Commissions FEED Study for New GTL Plant, Texas
December 13, 2019
Primus Green Energy along with a global petrochemical company as a joint venture partner, has commissioned a front end engineering and design (FEED) study with IHI E&C International Corporation (IHI E&C) for a first of its kind natural gas-to-gasoline plant
Enbridge and Enterprise to Develop Offshore Crude Oil Export Terminal, Gulf of Mexico
December 12, 2019
Enbridge and Enterprise Products have signed an agreement to jointly build an offshore crude oil export terminal in the Gulf of Mexico. The companies have agreed to develop Enterprise’s proposed Sea Port Oil Terminal (SPOT) that will be able to
Devon Energy and Dow to Develop STACK Acreage, Oklahoma
December 12, 2019
US-based companies Devon Energy and Dow have partnered to develop some of Devon’s STACK acreage in central Oklahoma, US. Under the agreement, Devon will monetize half of its working interest in 133 undrilled locations in exchange for about a $100
Talos Energy Signs $640 Million Acquisition Deal to Expand Portfolio in Gulf of Mexico
December 12, 2019
Talos Energy has signed deals to acquire a portfolio of producing assets, exploration prospects and acreage in the US Gulf of Mexico. The US-based oil and gas company has entered into asset acquisition agreements worth $640 million with ILX Holdings,
Chesapeake Utilities to Acquire Elkton Gas from South Jersey Industries
December 12, 2019
US-based energy company Chesapeake Utilities has agreed to acquire Elkton Gas from an energy services company, South Jersey Industries (SJI) for an undisclosed amount. Upon completion of the deal, Elkton Gas, which delivers safe, reliable and affordable natural gas to
Antero Resources to Sell $1 Billion Appalachian Assets to Reduce Debt
December 12, 2019
Antero Resources has announced plans to sell asset worth $750 million to $1 billionn in 2020 in order to reduce debt. As part of the plan, Antero has initiated sale of $100 million of AM shares to Antero Midstream, which
Tallgrass Energy Launches Open Season for Transportation on Pony Express Pipeline
December 11, 2019
Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline, has launched a binding open season soliciting shipper commitments for crude oil transportation from Pony Express’ Sterling origin to destinations in Cushing, Oklahoma, in exchange for volume incentive tariff rates. The
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