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ConocoPhillips to Mothball LNG Facility in Alaska as It Seeks Buyer
July 25, 2017
In 2016, ConocoPhillips announced that it was putting its liquefied natural gas plant in Kenai on the market. But, the company hasn’t yet found a buyer and a company spokesperson said it’s going to save expenses by mothballing the facility
Falcon Seaboard Launches $145 Million Permian Investment Fund, Texas
July 25, 2017
Falcon Seaboard Resources has announced the launch of the $145m Falcon Seaboard Permian Fund I, LP. The fund is the first time David Dewhurst, the CEO and Chairman of Falcon Seaboard Diversified, Inc. and former Lieutenant Governor of Texas, has
Quanta Services Acquires Stronghold for $450 Million
July 25, 2017
Quanta Services has acquired Stronghold companies, which are specialized solutions providers to the downstream and midstream energy markets, for a sum of $450m. The cash-cum-stock transaction includes the acquisition of Stronghold and Stronghold Specialty. According to Quanta Services, Stronghold has
W. Va. Seeking $10 Billion Gov’t Grant for Gas Storage Project
July 25, 2017
Having lost tens of thousands of coal mining jobs to the rise in natural gas, several states have decided if you can’t beat them, join them. A bipartisan group of lawmakers hopes to persuade President Donald Trump to spare a
House Votes to Give FERC Authority Over Approval of Interstate Natural Gas Pipelines
July 24, 2017
The House voted Wednesday to prevent future presidents from scuttling oil and gas pipelines, like the Keystone XL project, that run across international borders. Lawmakers voted to give the Federal Energy Regulatory Commission (FERC) authority over the approval of interstate
Court Orders NEB to Reconsider Decision on TransCanada’s $5 Billion Pipeline Project
July 24, 2017
Canada’s Federal Court of Appeal has ordered the National Energy Board (NEB) to reconsider the provincial approval to TransCanada’s $5bn Prince Rupert Gas Transmission (PRGT) pipeline. The NEB has also been asked to determine if the pipeline project falls under
NOAA Report: Oil and Gas Not to Blame for Methane Emissions
July 24, 2017
Government research published Tuesday indicates that drilling for oil and gas isn’t to blame for rising methane emissions. A collaborative effort between the National Oceanic and Atmospheric Administration (NOAA) and the University of Colorado, Boulder attempted to link rising methane
Jobs Coming Back to U.S. Oilfields After Years of Decline
July 24, 2017
Oil jobs are coming back to the U.S. after three years of mass layoffs, according to new federal employment data. Bureau of Labor Statistics data shows the oil industry added 2,500 jobs so far this year, reversing a 27-month-long decline
SemGroup Completes Acquisition of Houston Fuel Oil Terminal for $2.1 Billion
July 21, 2017
SemGroup has completed the acquisition of Houston Fuel Oil Terminal (HFOTCO) from investment funds managed by Alinda Capital Partners for around $2.1bn. Under the deal, SemGroup has paid $301m as initial payment and issued 12.4 million common shares to Alinda
AG&P Launches New Business Unit in U.S. to Service LNG Industry
July 21, 2017
Atlantic, Gulf and Pacific Company (AG&P) has launched its new business unit in the US, in a bid to serve customers in the liquefied natural gas (LNG) industry. Based in Houston, the AG&P Engineering will provide advanced LNG services to
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