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UGI Energy Services to Expand Its Auburn Gathering System, Pennsylvania
June 6, 2018
UGI Energy Services will further expand its Auburn Gathering System with the construction of two additional compressor stations in Susquehanna County and Wyoming County. The expanded system will increase the capacity of the Auburn Gathering System by approximately 150,000 dekatherms
San Mateo Midstream Completes Expansion of Black River Processing Plant in Eddy County, New Mexico
June 6, 2018
Matador Resources Company and its midstream affiliate, San Mateo Midstream, have completed and began start-up of the expansion of San Mateo’s Black River cryogenic natural gas processing plant in Matador’s Rustler Breaks asset area in Eddy County, New Mexico. The
Teledyne Marine Receives Spotlight on New Technology Award for Its FlameGuard™ P5-200
June 6, 2018
Teledyne Marine, a division of Teledyne Technologies Incorporated, was recently recognized by the Offshore Technology Conference (OTC), with a 2018 Spotlight on New Technology Award for the FlameGuard™ P5-200. OTC recognizes innovative technologies each year with the Spotlight on New
SJI Secures Regulatory Approval to Acquire Maryland-based Elkton Gas Assets
June 5, 2018
Energy services firm SJI has secured the necessary regulatory approval from the State of Maryland Public Service Commission to acquire Maryland-based Elkton Gas assets from Pivotal Utilities, a unit of Southern Company Gas. The purchase is part of a larger
Venado Oil & Gas to Acquire Assets of Texas American Resources
June 5, 2018
First Reserve, a global private equity investment firm exclusively focused on energy, has agreed to sell the assets of Texas American Resources I to an affiliate of Venado Oil & Gas, for undisclosed amount. First Reserve originally invested in the
Morgan Stanley Energy Partners Acquires Majority Stake in Presidio Petroleum
June 5, 2018
Investment funds managed by Morgan Stanley Energy Partners (MSEP), part of Morgan Stanley Investment Management, has made a majority equity investment in Presidio Petroleum. The investment will facilitate the acquisition from Midstates Petroleum Company oil and natural gas properties in
Kimbell to Acquire Haymaker’s Mineral and Royalty Stakes for $404 Million
June 4, 2018
Kimbell Royalty Partners has agreed to acquire the mineral and royalty interests owned by Haymaker Minerals & Royalties and Haymaker Resources, (collectively, Haymaker) for about $404m. Both Haymaker Minerals & Royalties and Haymaker Resources are US-based mineral and royalty acquisition
BW LPG Offers to Merge U.S. Based LPG Shipping Firm Dorian in $1.1 Billion Deal
June 4, 2018
BW LPG, a Singapore-based liquefied petroleum gas shipping (LPG) transportation fleet owner has proposed to merge with US-based LPG shipping company Dorian LPG in an all-stock transaction, valued around $1.1bn. The merger is expected to create a major operator of
Enterprise and Navigator Begin Construction of Ethylene Export Terminal, Texas
June 4, 2018
Enterprise Products Partners and UK-based shipping company Navigator have started construction of their ethylene export terminal on the Houston Ship Channel in Texas. The 50/50 joint venture terminal will be located at Enterprise’s Morgan’s Point facility. According to the partners,
Shell Begins Production at Kaikias Deepwater Oil Field, Gulf of Mexico
June 4, 2018
Shell Offshore, a subsidiary of Royal Dutch Shell, has commenced production from the first phase of the Kaikias deepwater oil field project in the US Gulf of Mexico, one year ahead of schedule. Located in 1,372m of water in the
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