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TransCanada Secures Major Shipper Commitments for $8 Billion Keystone XL Pipeline
January 23, 2018
TransCanada said that it has secured enough shipper commitments to proceed with its $8bn Keystone XL pipeline project. The energy infrastructure company, which has just concluded an open season for the near 1,900km pipeline system, has secured about 500,000 barrels
Plains All American to Move Ahead with Construction of Cactus II Pipeline, Texas
January 23, 2018
Plains All American Pipeline (PAA) has received sufficient binding commitments on its initial open season to move ahead with the construction of Cactus II Pipeline, a new pipeline system from the Permian Basin to the Corpus Christi/Ingleside area. Permitting, right-of-way
Warburg Pincus Invests $150 Million in Newly Formed Company Stronghold Energy II
January 23, 2018
Funds affiliated with Warburg Pincus have provided a line of equity financing of about $150m to Warburg Pincus a newly formed oil and gas exploration and production company. Formed in December 2017 and headquartered in Midland, Texas, Stronghold Energy II
LLOG Begins Development Drilling at Buckskin Project, Gulf of Mexico
January 23, 2018
LLOG Exploration said that development drilling operations have commenced at the Buckskin project in the deepwater Gulf of Mexico. Buckskin is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 6,800 feet of water and
Kinder Morgan Delays Trans Mountain Pipeline Expansion Project Amid Regulatory Hurdles, Canada
January 23, 2018
Kinder Morgan Canada revealed that the commissioning of the C$7.4bn ($5.5bn) Trans Mountain pipeline expansion project in Canada will be delayed further by three months, to December 2020. The pipeline expansion project has been facing regulatory hurdles caused by relentless
FERC Approves Canada-based Hydro One’s $5.3 Billion Merger with Avista
January 22, 2018
The US Federal Energy Regulatory Commission (FERC) has approved Ontario-based electricity distributor Hydro One’s proposed $5.3bn merger deal with US-based energy company Avista. In July 2017, Hydro One agreed to merge with Avista, to form one of the major companies
CNX Resources Releases 2018 Capital Budget of $790-$880 Million and Operational Forecast
January 19, 2018
CNX Resources Corporation released an updated 2018 capital expenditure forecast of $790-$880 million, excluding the recent acquisition of the general partner interest of CNX Midstream Partners. The 2018 budget includes $515-$580 million of drilling and completion (D&C) capital and approximately
SoCalGas to Invest $17 Million to Modernize Natural Gas Pipelines in Los Angeles
January 18, 2018
Southern California Gas is planning to invest approximately $17m to modernize natural gas pipeline in Gateway Area, Los Angeles, US. The company will replace a half mile-long section of pipeline along West 190th Street with new pipeline between Vermont Avenue
USA Compression to Acquire Energy Transfer Partners’ Compression Business for $1.8 Billion
January 18, 2018
US-based natural gas compression services provider USA Compression Partners (USAC) has agreed to acquire Energy Transfer Partners’s (ETP) compression business in a deal worth $1.8bn. Under the terms of the deal, Energy Transfer Partners will sell its subsidiaries CDM Resource
BP to Settle Deepwater Horizon Accident for $1.7 Billion, Gulf of Mexico
January 18, 2018
BP said that it will take a charge of about $1.7bn to settle class action suits filed against it following the Deepwater Horizon accident in the US waters in 2010. The post-tax non-operating charge will be recorded in its fourth
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