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Valorem Energy Closes on $285 Million Acquisition of Williston Basin Interests
December 22, 2017
Valorem Energy, LLC, and certain wholly-owned subsidiaries, an independent oil and natural gas company headquartered in Oklahoma City, Oklahoma and backed by the Kayne Private Energy Income Fund, L.P., has closed on its acquisition of LINN Energy’s Williston Basin interests
Eclipse Resources to Acquire New Utica Development Area for $93.7 Million, Pennsylvania
December 22, 2017
Eclipse Resources Corporation and Eclipse Resources-PA, LP, a wholly owned subsidiary of the company, have entered into a definitive purchase and sale agreement to acquire certain oil and gas leases, wells and other oil and gas rights and interests covering
McDermott Signs $6 Billion Merger Deal with Chicago Bridge & Iron Company
December 21, 2017
Oilfield equipment and services provider McDermott International and US-based Chicago Bridge & Iron Company (CB&I) have signed a deal to merge, and create a fully vertically integrated onshore-offshore company with $6bn enterprise value. The combined company is expected to have
Linn Energy to Sell Oklahoma Waterflood and Texas Panhandle Assets for $122 Million
December 21, 2017
Linn Energy has signed an agreement to sell its Oklahoma Waterflood and Texas Panhandle assets to an undisclosed buyer for a contract price of $122m, subject to closing adjustments. The combined properties to be sold consist of approximately 179,000 net
Inter Pipeline to Build $2.72 Billion Petrochemical Complex in Alberta, Canada
December 21, 2017
Inter Pipeline will go ahead with a C$3.5bn ($2.72bn) integrated propane dehydrogenation (PDH) and polypropylene (PP) plant in Canada for the conversion of locally sourced, low-cost propane into value-added plastics products. Named as the Heartland Petrochemical Complex, the integrated plant
Tellurian to Develop $7 Billion Natural Gas Pipeline Network, Southwest Louisiana
December 21, 2017
Houston-based Tellurian has revealed its plans to develop three pipelines for nearly $7bn, as part of a new pipeline network to provide supply alternatives to meet the rising demand for natural gas in Southwest Louisiana. Named as the Tellurian Pipeline
Oil and Gas Machine Learning Startup Maana Raises $28 Million
December 21, 2017
Maana, a California based start up developing machine learning technology has raised $28M from Chinese investment bank China International Capital Corporation ( CICC), Accenture and other oil and gas companies like Saudi Aramco, Royal Dutch Shell and Chevron. This round
Carrizo Oil & Gas to Divest Portion of Its Eagle Ford Acreage for $245 Million
December 20, 2017
Carrizo Oil & Gas, Inc. has entered into an agreement to divest a portion of its assets in the Eagle Ford Shale for $245 million in cash, subject to adjustment and customary closing terms and conditions. The divested assets include
Harvest Pipeline and Vitol to Develop Crude Oil Terminal in the Port of Corpus Christi, Texas
December 20, 2017
In response to increased demand for crude transportation from South Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of Hilcorp Energy Company) and Vitol Inc. have established an agreement to explore joint development of a state of the
BP Upgrades Its Center for High-Performance Computing to Enhance Exploration and Research, Texas
December 19, 2017
British oil major BP, in partnership with Hewlett Packard Enterprise (HPE) and Intel, has upgraded its Center for High-Performance Computing (CHPC) in Houston, US, to enhance its exploration and research capabilities. The new upgrades to the CHPC involves increased computing
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