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NEWS Click on text to read news by category: General | Product | People | Worldwide

Five Point Energy Sells Minority Stake in WaterBridge Resources to GIC for $2.8 Billion

May 23, 2019

Transaction values the Houston-based water midstream company at around $2.8 billion. Five Point Energy has offloaded a minority stake in Texas-based water midstream company WaterBridge Resources to affiliates of Singaporean sovereign wealth fund GIC. The stake acquisition by GIC, which

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Sintavia Enters Joint Venture with Howco Group for Development of Additive Manufacturing

May 22, 2019

Sintavia has signed a term sheet to form a joint venture with Howco Group in support of the development of additive manufacturing within the oil and gas industry. The joint venture would be branded under the Howco Group name and

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Howard Energy Partners Completes Construction Growth Projects in Delaware Basin

May 21, 2019

Howard Energy Partners (HEP) announced that it has completed construction on the majority of its previously-announced crude oil and natural gas gathering and processing infrastructure in the core of the Delaware Basin. HEP’s Delaware Basin assets are part of a

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Pacific Oil & Gas to Acquire Canada’s Canbriam Energy

May 21, 2019

Canbriam Energy has signed an agreement with Pacific Oil and Gas (PO&G) to sell all of its issued and outstanding shares for undisclosed sum. Canbriam said that its board of directors has unanimously approved the transaction. The support and lock-up

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Persta Enters Gas Handling Agreement with Canada’s Jixing Energy

May 21, 2019

Persta Resources and Jixing Energy (Canada) have entered into a gas handling agreement that involves the Voyager gas gathering system and pipeline. The Gas Handing Agreement will lead to the delivery of natural gas and associated products produced to the

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EIA Launches New State Energy Portal

May 21, 2019

EIA launched its new State Energy Portal today. Designed to deliver timely state-specific energy information in one place, the new portal has customizable visualizations that automatically populate each time a user returns to the page. The portal provides answers to

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New York DEC Rejects Approval for Williams’ NESE Pipeline Project

May 20, 2019

Williams Partners has received a setback after the New York State Department of Environmental Conservation (DEC) refused to issue its Clean Water Act Section 401 Water Quality Certification for $926.5 million Northeast Supply Enhancement project (NESE pipeline project). The agency

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SemCAMS and Keyera to Build $965 Million NGL and Condensate Pipeline, Canada

May 20, 2019

SemCAMS Midstream and Keyera have formed asset joint venture to construct natural gas liquids (NGL) and condensate pipeline system in Canada with an investment of C$1.3 billion ($965.8 million). The pipeline will connect the liquids-rich Montney and Duvernay production areas

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Schlumberger to Sell Non-core Drilling Assets to Wellbore Integrity Solutions for $400 Million

May 20, 2019

Oilfield services company Schlumberger has agreed to sell some of its non-core drilling assets to Wellbore Integrity Solutions (WIS), affiliate of Rhône Capital, for a sum of around $400 million. As part of the deal, Schlumberger will be offloading the

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Line 3 Supporters from Across Minnesota Deliver Over 11,000 Comments to DNR for Enbridge’s Pipeline

May 17, 2019

Minnesotans for Line 3 delivered more than 11,000 comments to the Minnesota Department of Natural Resources (DNR) from people across the state who support Enbridge’s Line 3 Replacement Pipeline Project. The comments are in response to a number of different

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