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Carlyle Group and Diamondback Team Up to Develop Permian Oil and Gas Assets, Texas
September 13, 2018
Global alternative asset manager Carlyle Group and Diamondback Energy have signed an agreement to oil and gas assets in the prolific Permian basin of Texas, US. As part of the joint venture, Carlyle’ Carlyle Energy Mezzanine Opportunities Fund II will
ONEOK to Invest $295 Million for Second Expansion of West Texas LPG Pipeline
September 13, 2018
US midstream services provider ONEOK has announced the expansion of the West Texas LPG pipeline, a 4184km long natural gas liquids (NGLs) pipeline, with an investment of about $295m. The inter-state natural gas liquids (NGLs) West Texas LPG pipeline laid
Pacific Energy Unveils Drilling Plans for Acquired Permian Basin Assets
September 13, 2018
US onshore oil and gas producer Pacific Energy Development has chalked out its plans to drill 16 horizontal wells in 2018-19 in the San Andres play in the Northwest Shelf of the Permian Basin. The drilling of the wells is
Lucid Energy Signs Natural Gas Gathering and Processing Deal with Marathon Oil Permian
September 11, 2018
Lucid Energy Group has signed a new long-term natural gas gathering and processing agreement with Marathon Oil Permian, a unit of Marathon Oil Company. Under the new agreement, Lucid now provides midstream services to Marathon under a long-term acreage dedication
Wood Selected to Provide Operations Services to Hess, Gulf of Mexico
September 11, 2018
Wood has been awarded a three year contract by Hess for the provision of operations, maintenance and other support services in the Gulf of Mexico. Hess and Wood have worked together for more than 25 years on a wide range
Par Pacific to Acquire Island Energy’s Refinery Units in Hawaii
September 11, 2018
Par Pacific, through an indirect subsidiary, will acquire certain refining units from Hawaii-based Island Energy Services (IES) in the US state of Hawaii for $45m plus additional amounts for certain hydrocarbon and non-hydrocarbon inventory. The transaction marks the exit from
Transocean to Acquire Ocean Rig for $2.7 Billion
September 10, 2018
Offshore drilling contractor Transocean has entered into an agreement to acquire its rival Ocean Rig in a cash and stock deal worth $2.7bn. The transaction also includes Ocean Rig’s net debt, which stood at $397m at the end of March
Canada’s Surge Energy to Acquire Mount Bastion for $243 Million
September 10, 2018
Surge Energy has agreed to acquire its rival Canadian oil and gas company Mount Bastion Oil and Gas (MBOG) for C$320m ($243.62m). The Calgary-based Surge Energy said that the acquisition will add more than 600 million barrels of net internally
Enterprise Starts Construction of NGL Fractionator in Mont Belvieu, Texas
September 10, 2018
Enterprise Products Partners has broken ground on a new natural gas liquids (NGL) fractionator near its Mont Belvieu, Texas complex. The new unit will have a nameplate capacity of 150,000 barrels per day (“BPD”), giving Enterprise 905,000 BPD of fractionation
Talos Energy Acquires Whistler Energy II for $52 Million
September 10, 2018
S-based oil and natural gas producer Talos Energy has completed acquisition of Whistler Energy II, for $52m . Year to date gross production from Whistler’s assets is approximately 1,900 barrels of oil equivalent per day (“Boepd”), or net production after
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