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Vistra Energy to Acquire CCGT Facility in Texas for $350 Million
July 11, 2017
Vistra Energy has agreed to acquire 1,054MW combined cycle, combustion turbine power plant from Koch Ag & Energy Solutions for around $350m. The combined cyclegas turbine (CCGT) project is situated in Odessa, Texas. The deal will gain access to supply
Trilogy Energy to Merge with Canada’s Paramount Resources in Share Exchange Deal
July 10, 2017
Canadian petroleum and natural gas firm Trilogy Energy has agreed to merge with rival Paramount Resources in a share exchange deal. Under the terms, the Canadian petroleum company Paramount will acquire 100 percent of the shares of Trilogy, offering one
Liquefied Natural Gas Secures $1.5 Billion Commitment for Magnolia LNG Project, Louisiana
July 10, 2017
Liquefied Natural Gas Ltd (LNGL) has secured a commitment of up to $1.5bn from Stonepeak Partners for its Magnolia LNG project in the US. LNGL owns 100 percent ownership in Magnolia LNG, which is developing 8 million tonne per annum
Halliburton Acquires Electric Submersible Pump Provider Summit
July 10, 2017
Halliburton has acquired Summit ESP, a provider of electric submersible pump (ESP) technology and services to the oil production sector for an undisclosed price. Based in Tulsa in Oklahoma, Summit is into engineering, manufacturing and servicing of a comprehensive product
KBJ Secures EPC Contract for Jordan Cove LNG Project, Oregon
July 10, 2017
KBJ, a joint venture of Kiewit Energy Group, Black & Veatch Construction and JGC US Projects, has secured an engineering, procurement and construction (EPC) services contract for Jordan Cove LNG project in the US. Under the deal, KBJ will provide
Exelon Receives Power Plant Honors
July 7, 2017
Exelon operates the cleanest fleet of power plants among the nation’s largest power producers and its utilities rank among the most energy efficient in the nation, according to two recent industry reports. Based on U.S. Energy Information Administration and Environmental
CMA CGM to Sell 90% Stake in Los Angeles Terminal to EQT for $875 Million
July 7, 2017
French shipping major CMA CGM has signed an agreement with EQT Infrastructure III and its partner P5 Infrastructure for the sale of 90 percent stake in the Global Gateway South terminal in Los Angeles, US, for $875 million. The transaction
Freeport Files FERC Application, Commences FEED for Proposed Fourth Liquefaction Train, Texas
July 7, 2017
Freeport LNG Development, L.P. (FLNG), has announced the filing by it and its wholly owned subsidiary, FLNG Liquefaction 4, LLC (FLIQ4), of a formal application with the Federal Energy Regulatory Commission (FERC) for authorization to site, construct and operate a
BLM Alaska Cooperates on Natural Gas Project for State of Alaska
July 7, 2017
In keeping with the administration’s priorities of energy dominance and creating jobs, the Bureau of Land Management Alaska is cooperating with the U.S. Army Corps of Engineers in the analysis of the Alaska Stand Alone Pipeline Project (ASAP). ASAP is
Payne Exploration Retains Energy Capital to Seek Buyers for Its Oklahoma STACK Assets
July 6, 2017
Payne Exploration has retained Energy Capital Solutions, LLC to sell Payne’s assets located primarily in Kingfisher and Logan Counties, Oklahoma in the STACK trend. This asset package is comprised of 8,840 net acres, which is 99 percent held by production.
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