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NEWS Click on text to read news by category: General | Product | People | Worldwide

Petronas Awarded Rights for Block 6 in Gulf of Mexico’s Salina Basin

August 8, 2017

Malaysia’s state-owned oil firm Petronas said that it has been awarded a shallow water block in the Gulf of Mexico’s Salina Basin, marking its third block in Mexico. Its subsidiary PC Carigali Mexico Operations will operate the 559km2 Block 6

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IMTT to Acquire Epic Midstream for $171.5 Million to Expand Presence in Port of Savannah, Georgia

August 8, 2017

International-Matex Tank Terminals (IMTT) has agreed to acquire rival firm Epic Midstream for a sum of $171.5m to expand its jet fuel storage and handling capabilities, particularly in Port of Savannah. The purchase of the liquid bulk storage and logistics

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Pin Oak Energy Acquires Oil and Gas Assets in Ohio and Pennsylvania

August 8, 2017

Pin Oak Energy Partners, an Appalachian Basin energy company has agreed to acquire oil and gas assets from an undisclosed seller in the US states of Ohio and Pennsylvania. The price offered for the assets by Pin Oak Energy has

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TransCanada Joins Energy Impact Partners Global Utility Coalition

August 4, 2017

Energy Impact Partners LP (EIP) has added TransCanada Corporation as the latest investor in its Nexus strategic partner network. TransCanada joins Southern Company, National Grid plc, Xcel Energy Inc., AGL, Avista Corp., Fortis Inc., Ameren Corp., Great Plains Energy Inc.,

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Williams Partners and Southern Company Place Dalton Expansion Project Into Service, Georgia

August 4, 2017

Williams Partners and Southern Company Gas, a wholly owned subsidiary of Atlanta-based Southern Company, have successfully placed into service their Dalton Expansion Project to provide additional reliable natural gas service to utility companies, a power company and a municipal entity

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Hilcorp Completes $3 Billion Acquisition of ConocoPhillips’ San Juan Basin Assets, New Mexico

August 3, 2017

ConocoPhillips has completed the sale of its San Juan Basin assets in the US state of New Mexico for $3bn to Hilcorp San Juan, an affiliate of Hilcorp Energy. The acquisition by Hilcorp Energy, comprising of 1.3 million net acres

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Blackstone to Acquire Stake in Rover Pipeline Entity for $1.5 Billion

August 3, 2017

Energy Transfer Partners (ETP) has entered into an agreement to sell 32.44 percent stake in the entity associated with the $4.22bn Rover pipeline project to Blackstone funds for about $1.57bn. The stake sale agreement has been signed by Energy Transfer’s

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Williams Partners and Southern Expand Capacity of Transco Pipeline, Georgia

August 3, 2017

Williams Partners and Southern Company Gas have commissioned the Dalton Expansion Project which aims to increase the supply of natural gas in northwest Georgia. The project saw the expansion of the existing interstate Transco natural gas transmission pipeline system which

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Penn Virginia to Acquire Devon’s Eagle Ford Assets for $205 Million, Texas

August 3, 2017

Penn Virginia has entered into an agreement to buy $205m worth Eagle Ford assets that will add nearly 19,600 net acres contiguous to its core operations in Texas. The company will buy the Eagle Ford assets, which are primarily located

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TransCanada to Boost Capacity of Canadian Mainline Natural Gas Pipeline with $128 Million Investment

August 1, 2017

TransCanada has revealed its plans to boost the capacity of the Canadian Mainline natural gas pipeline system with an investment of C$160m ($128.35m). In this regard, the Calgary-based energy giant will seek approval from Canada’s National Energy Board (NEB) for

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