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Bechtel and Cheniere Achieve LNG Production at Corpus Christi Liquefaction Project, Texas
December 5, 2018
Bechtel joined its customer Cheniere Energy to announce production of the first liquefied natural gas (LNG) from the Corpus Christi Liquefaction project in Texas. This production train at the Corpus Christi project is the latest of six trains that Bechtel
Pacific Drilling Successfully Emerges from Chapter 11 Proceedings
December 5, 2018
Pacific Drilling S.A. and certain of its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing restructuring transactions pursuant to their chapter 11 plan of reorganization. In connection with emergence from bankruptcy, the company raised $1.5 billion in
Pioneer Natural Resources to Decommission Brady Sand Mine, Texas
December 5, 2018
Pioneer Natural Resources Company said it will close its sand mine located in Brady, Texas, and transition proppant supply to West Texas sand sources. The company expects to wind down operations during the first quarter of 2019 and transition to
Diamondback Energy Acquires Alabama-based Energen
December 4, 2018
Texas-based oil and gas company Diamondback Energy has wrapped up its acquisition of Energen, an oil and gas exploration and production company headquartered in Birmingham, Alabama. The merger was previously approved by Diamondback stockholders and Energen shareholders at special meetings
Par Pacific to Acquire US Oil and Refining for $358 Million
December 4, 2018
Par Pacific Holdings, an oil and gas exploration and production company based in the US, has signed an agreement to acquire downstream business US Oil & Refining and some affiliated entities for $358m plus net working capital. The acquisition will
McDermott Secures Contract for Shell’s Great White Field, Gulf of Mexico
December 4, 2018
McDermott International said that it has won a subsea umbilical and flowline installation contract from Royal Dutch Shell for the Great White Frio development in the US Gulf of Mexico. The Great White Frio development is contained in the Alaminos
Limetree Bay Secures $1.25 Billion Financing for St. Croix Refinery, Virgin Islands
December 4, 2018
Limetree Bay Ventures has secured $1.25bn in financing to restart its idled refinery located in St. Croix in the US Virgin Islands. Last month, Limetree Bay signed an agreement with BP Products North America, the supply and trading arm of
Fraser Institute: Texas and Oklahoma Top Two Most Attractive Places Worldwide for Oil, Natural Gas
December 3, 2018
Nine of the world’s top 10 places to invest in global oil and gas are in the United States, including eight states, according to the Fraser Institute’s annual survey. The 12th annual Global Petroleum Survey by the Canadian-based research firm
Energy Department Investing in Research to Develop Natural Gas-based Hydraulic Fracturing Fluid
December 3, 2018
The U.S. Department of Energy (DOE) recently said that it would invest approximately $1.36 million to extend a research project with Southwest Research Institute (SwRI) and Schlumberger into using the natural gas produced from a well to create a foam
U.S. Oil and Gas Reserves Hit Record Highs
December 3, 2018
Higher prices and continued shale resource development helped push U.S. crude oil and natural gas proved reserves to new record highs in 2017, the Energy Information Administration (EIA) said in a report on Thursday. Proved reserves of U.S. crude oil
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