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Devon Energy Divesting Canadian Oilsands and Barnett Shale Assets
February 25, 2019
Devon Energy Corporation plans to separate its Canadian oilsands and Barnett Shale assets. The company said these plans aim “to complete the transformation to a high-return U.S. oil growth business.” Along with its fourth-quarter earnings release for 2018, Oklahoma City-based
MDU Resources Subsidiary to Retire Three Aging Coal-fired Units, Build New Gas Plants
February 22, 2019
MDU Resources Group’s subsidiary Montana-Dakota Utilities said it intends to retire three aging coal-fired electric generation units at two locations within the next two to three years and construct a new simple-cycle natural gas combustion turbine to cost-effectively meet the
Qatar Petroleum and ExxonMobil to Commence Contruction of Golden Pass LNG Facility, Texas
February 22, 2019
The Golden Pass Products export project at the existing Golden Pass LNG facility in Sabine Pass, Texas, is moving forward following a positive final investment decision from its owners, affiliates of Qatar Petroleum and ExxonMobil. Golden Pass awarded the engineering,
Targa Resources to Sell Stake in Badlands Assets for $1.6 Billion, North Dakota
February 21, 2019
Targa Resources has agreed to sell 45 percent stake in its midstream assets in North Dakota to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (together called Blackstone) for $1.6 billion in an all-cash deal. The North Dakota
Saulsbury Strengthens Its Focus on Upstream and Midstream Markets
February 21, 2019
Saulsbury has announced plans to focus on serving clients in the upstream and midstream oil and gas sector with its expertise in engineering, procurement and construction (EPC) as well as continued growth in its field services business unit. In addition,
Backlog of Oil and Gas Permits in Colorado Could Take Three Years to Clear
February 21, 2019
A flurry of drilling permit applications late last year and a rising number of challenges to the requests have helped create a backlog that state regulators say could take up to three years to clear. At the end of January,
Devon Energy Completes Final Step to Complete Transformation to U.S. Oil Growth Company
February 20, 2019
Devon Energy’s board of directors has authorized the company to pursue the separation of its Canadian and Barnett Shale assets to complete its transformation to a high-return U.S. oil growth business. Devon will evaluate multiple methods of separating the assets,
RS Energy Group Forms Strategic Partnership with FourPoint Energy and LongPoint Minerals
February 20, 2019
RS Energy Group (RSEG) has formed a strategic partnership with Denver-based FourPoint Energy and LongPoint Minerals, uniquely pairing RSEG’s best-in-class energy intelligence and advanced analytics with FourPoint’s and LongPoint’s industry-leading technical interpretations. This relationship will allow FourPoint and LongPoint to
Curtis Engine Celebrates 75 Years of Power Generation Service
February 20, 2019
Curtis Engine & Equipment Co., Inc., provider of world-class power generation equipment sales and service and an authorized Mid-Atlantic distributor for MTU Onsite Energy, is celebrating 75 years of meeting the needs of commercial, institutional, government and other mission-critical facilities
Tellurian and Petronet Sign MOU for Equity Investment in Driftwood Project, Louisiana
February 20, 2019
Tellurian has signed a memorandum of understanding (MOU) with Petronet LNG Limited INDIA (PLL) where PLL is exploring the possibility of investment in the Driftwood project, which includes a proposed liquefied natural gas (LNG) terminal, along with natural gas production,
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