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Equinor to Acquire Shell’s Stake in Caesar Tonga Oil Field for $965 Million, Gulf of Mexico
May 16, 2019
Equinor will increase its stake in the producing Caesar Tonga oil field in the US Gulf of Mexico by 22.45 percent through a $965 million all-cash deal with Shell Offshore. By exercising its preferential rights as an existing stakeholder, the
Shell Midstream to Acquire Additional Stake in Explorer and Colonial Pipelines for $800 Million
May 16, 2019
Shell Midstream Partners has signed an agreement to acquire Shell’s 25.97 percent stake in Explorer Pipeline and 10.125 percent stake in Colonial Pipeline for $800m. Shell Midstream Partners said that the acquisition is expected to increase its stake in Explorer
Sempra Energy and Partners Begin Production from Cameron LNG Project, Louisiana
May 16, 2019
Sempra Energy and its partners have commenced production of liquefied natural gas (LNG) from the first liquefaction train of the $10 billion phase 1 of the Cameron LNG project in Louisiana. Located in Hackberry, the Cameron LNG project will have
IFM to Acquire Midstream Firm Buckeye Partners for $6.5 Billion
May 16, 2019
IFM Investors through its IFM Global Infrastructure Fund has agreed to acquire US midstream company Buckeye Partners for $6.5 billion in an all-cash deal. Headquartered in Texas, Buckeye Partners is a publicly traded master limited partnership which is engaged in
Meritage Midstream to Build New Cryogenic Processing Plant to Double Natural Gas Processing, Wyoming
May 15, 2019
Meritage Midstream Services will more than double the natural gas processing capacity on its supersystem in Wyoming’s Powder River Basin. Meritage subsidiary Thunder Creek Gas Services is currently constructing a new, cryogenic processing plant in Converse County, Wyoming, several miles
Energy Transfer and Shell Issue Invitation for EPC Bid for Lake Charles LNG Project, Louisiana
May 15, 2019
The Lake Charles LNG project, led by Energy Transfer LP and Shell US LNG has issued an invitation to tender (ITT) to U.S. and international consortia to bid for the engineering, procurement, and construction (EPC) contract to convert Energy Transfer’s
Rangeland Midstream Canada to Begin Building Marten Hills Pipeline System in Alberta, Canada
May 15, 2019
Rangeland Midstream Canada, a wholly owned subsidiary of Rangeland Energy III has plans to design, construct and operate new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will
ExxonMobil, Employees and Retirees Donate More than $50 Million to U.S. Colleges and Universities
May 15, 2019
ExxonMobil said that 806 accredited colleges and universities in the United States will receive a total of $50.4 million as part of the ExxonMobil Foundation’s 2018 Educational Matching Gift Program. Nearly 4,000 ExxonMobil employees and retirees contributed more than $17
Axis Launches R&D Center to Drive Innovation in Well Services
May 14, 2019
Axis Energy Services, an oil and gas well service company focused on optimizing completions, today announced the launch of its new R&D and Rig Monitoring Center. In a related announcement, the company also introduced Axis CORE Technology, a data acquisition
Aker Solutions Brings ix3 to Market to Accelerate Field Development and Optimize Operations
May 14, 2019
Aker Solutions launches ix3-a software and digital services company that enables operators to accelerate field development projects and optimize asset performance. ix3 has created a digital twin platform called Integral that brings together engineering, manufacturing and test data with live-streamed
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