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Canada Pension Plan Investment Board, Encino Form New Entity to Acquire Oil and Gas Assets in U.S.
July 5, 2017
Canada Pension Plan Investment Board (CPPIB) and Encino Energy have joined forces to form Encino Acquisition Partners (EAP) to focus on the acquisition of oil and gas assets in the US. CPPIB will provide up to $1bn and Encino has
Freedom Oil & Gas Finalizes Drilling of Its Second Horizontal Eagle Ford Shale Well, Texas
July 5, 2017
Freedom Oil and Gas has announced the successful drilling of its second well, the Wilson BE #2, on its Dimmit County, Texas acreage. This well, like the first, targeted the Eagle Ford Shale and has a lateral length of approximately
Carrizo to Acquire ExL’s Delaware Basin Assets for $648 Million
July 5, 2017
Carrizo Oil & Gas has signed an agreement to acquire Delaware Basin assets from Quantum Energy Partners portfolio firm ExL Petroleum Management for around $648m. Under the deal, Carrizo will purchase 23,656 gross acres situated in the core of the
Alaska Gasline Development Sign MOU with KOGAS for LNG Project Development, Alaska
July 5, 2017
The Alaska Gasline Development Corporation (AGDC) and the Korea Gas Corporation (KOGAS) have agreed to cooperate on developing a liquefied natural gas (LNG) project in Alaska. Under a memorandum of understanding (MOU) inked by the parties, the cooperation will include
GE Completes Merger of Oil and Gas Business with Baker Hughes in $32 Billion Deal
July 5, 2017
GE has completed the merging of its oil and gas business with Baker Hughes, which resulted in the formation of a new $32bn company with operations in over 120 countries. Through combining digital solutions and technology from the GE Store,
Sumitomo Acquires Amec Foster Wheeler’s CFB Boiler Business for $170 Million
June 29, 2017
Sumitomo Heavy Industries has completed the acquisition of circulating fluidized bed (CFB) boiler business from Amec Foster Wheeler for around $170m. Amec, which has divested the assets as part its transformation program, will used the proceeds from the deal to
TPG Growth to Acquire Dallas-based Discovery Midstream
June 29, 2017
TPG Growth has agreed to acquire US-based oil and natural gas gathering and natural gas processing services provider, Discovery Midstream, for an undisclosed sum. Based in Dallas, Discovery offers oil and natural gas gathering and natural gas processing services in
Trump Hails ‘Energy Revolution’ as Oil and Gas Exports Surge
June 29, 2017
President Donald Trump on Tuesday hailed an energy revolution marked by surging U.S. exports of oil and natural gas. Trump cited a series of steps the administration has taken to boost energy production and remove government regulations that he argues
Tallgrass Energy Named One of Colorado’s Top Workplaces for Third Consecutive Year
June 28, 2017
Tallgrass Energy Partners, LP was named one of The Denver Post’s Top Workplaces — the third consecutive year the company has achieved this honor. Top Workplaces List is an annual award honoring the best companies to work for in Colorado.
CenterPoint Submits to Build Electric Transmission Facilities to Serve Petrochemical Industry
June 28, 2017
CenterPoint Energy, Inc.‘s electric utility submitted a proposal to the Electric Reliability Council of Texas (ERCOT) requesting its endorsement for CenterPoint to enhance existing, and construct new, electric transmission infrastructure. This project would meet the unprecedented load growth of the
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