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Hi-Tech Industrial and Titan Group Join Forces to Form Taurus Industrial Group
August 14, 2019
Hi-Tech Industrial and Titan Group, along with their affiliated operating companies, have agreed to join forces. The group of companies will be organized under the umbrella of Taurus Industrial Group, an SCF Partners portfolio company, and will continue to market
Prostar Acquires NuStar Energy’s St. Eustatius Terminal for $250 Million, Caribbean
August 14, 2019
NuStar Energy has closed on the sale of its oil storage terminal on the island of St. Eustatius in the Caribbean, as well as related assets, to Prostar Capital for $250 million. “Selling the Caribbean terminal at an attractive multiple
University of Wyoming’s $8 Million Grant to Support Enhanced Hydraulic Fracking Research
August 13, 2019
An $8 million grant from the United States Department of Energy will support University of Wyoming researchers working on hydrocarbon gas technology. The funding will allow researchers “to field test a foam-assisted hydrocarbon gas injection technology that could ultimately recover
Montana/Dakotas BLM Brings in Over $1.6 Million in Oil and Gas Lease Auction
August 13, 2019
Nearly half the bid and rental receipts from lease sales go to the states to directly support public education, infrastructure improvements and other state-determined priorities The Bureau of Land Management (BLM) Montana/Dakotas raised $1.6 Million in its quarterly oil and
Eagle Automation Acquires Texas Energy Control Products
August 13, 2019
Eagle Automation, an automation and measurement solutions provider, announced the acquisition of Texas Energy Control Products, (TECP), a control panel fabricator and distributor of automation and measurement products and related assembly, operating across Texas and Oklahoma. The acquisition is expected
Inter Pipeline Secures Commercial Support for $100 Million Viking Connector, Alberta
August 12, 2019
Canada-based petroleum transportation and infrastructure partnership Inter Pipeline has secured commercial support for the construction of a $100 million pipeline connection between its Bow River and Central Alberta pipeline systems. The new pipeline named Viking Connector is expected to connect
Murphy Oil Approves Three Deepwater Gulf of Mexico Projects
August 12, 2019
US-based petroleum and natural gas exploration company Murphy Oil has approved three additional projects in the Gulf of Mexico. The first of the approved projects is the King’s Quay floating production system (FPS) facility. Anchored by the Khaleesi/Mormont and Samurai
PennEast Resubmits Freshwater Wetlands Permit for New Pipeline Construction, Pa.
August 12, 2019
PennEast Pipeline on Thursday resubmitted its application for a needed permit from the New Jersey Department of Environmental Protection, which had rejected its original filing as incomplete in February 2018. The consortium of natural gas companies hopes to begin construction
Energy Department Invests $40 Million in Enhanced Oil Recovery
August 9, 2019
The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) selected five projects to receive approximately $39.9 million in federal funding for cost-shared research and development projects under funding opportunity announcement (FOA), Advanced Technologies for Enhanced Oil Recovery. DOE
Occidental Petroleum Completes Acquisition of Anadarko for $55 Billion
August 9, 2019
Occidental Petroleum Corporation has completed its acquisition of Anadarko Petroleum Corporation in a transaction valued at $55 billion, including the assumption of Anadarko’s debt. “With Anadarko’s world-class asset portfolio now officially part of Occidental, we begin our work to integrate
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