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Enterprise Products Partners to Develop Ethylene Storage and Transportation Projects, Texas
June 28, 2017
Enterprise Products Partners L.P. has received customer commitments supporting two expansion projects that will further develop the partnership’s ethylene infrastructure. Enterprise is repurposing a large, high-capacity ethylene storage well at its Mont Belvieu, Texas complex. Following completion of the project,
Libya’s Increased Oil Production Thwarts OPEC’s Reduction Plans
June 27, 2017
The price of oil keeps sinking, and there is no shortage of reasons. American oil companies are producing too much petroleum. The Organization of the Petroleum Exporting Countries has not cut production enough. Motorists around the globe are not driving
Week Ahead: EPA Chief Faces More Questions Over Budget Slashes
June 27, 2017
Congressional appropriators will push ahead scrutinizing President Trump’s fiscal 2018 budget in the coming week, bringing the head of the Environmental Protection Agency (EPA) in for another hearing. This time, EPA head Scott Pruitt will testify before the Senate Appropriations
Trump to Call for U.S. Dominance in Global Energy Production at “Energy Week”
June 27, 2017
Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance. The president also plans to emphasize that after decades of relying on foreign energy supplies,
Pennsylvania’s EQT to Become Largest Gas Driller with $6.7 Billion Rice Acquisition
June 27, 2017
The largest natural gas basin in the U.S. will be home to the largest natural gas producer when two of southwestern Pennsylvania’s biggest oil and gas drillers become one in a $6.7 billion acquisition. EQT Corp., a Downtown-based firm, is
Rio Tinto Signs Option Agreement for Star-Orion South Diamond Project in Saskatoon, Canada
June 27, 2017
The world’s second largest diamond mining company is showing interest in a diamond project near Prince Albert, Sask. Rio Tinto has signed an option agreement positioning it to potentially become the majority owner of an advanced-stage diamond exploration project about
Braskem to Construct $675 Million Polypropylene Production Line Facility, Texas
June 26, 2017
Brazilian petrochemical company Braskem is set to invest around $675m to construct new polypropylene (PP) production line in La Porte, Texas, US. The company’s board of directors has approved the final investment decision to design and build the new Delta
Beyond Limits Secures $20 Million to Advance Its Industrial-grade AI Software
June 26, 2017
Artificial intelligence (AI) and cognitive computing firm Beyond Limits has raised $20m in Series B funding from BP Ventures. BP Ventures is a corporate investment arm of global energy business, BP Beyond Limits will use the funding to accelerate the
Noble Midstream to Acquire Additional Stake in Delaware Basin and DJ Basin Assets for $270M
June 26, 2017
Noble Midstream Partners has agreed to acquire additional interests in Colorado River DevCo and Blanco River DevCo from Noble Energy for around $270m. The deal will allow Noble Midstream to increase its stake in Colorado River DevCo to 100 percent
Cenovus Energy to Sell Non-core Assets to Fund ConocoPhillips Acquisition
June 23, 2017
Canadian oil company Cenovus Energy has revealed its target to raise C$4-5bn ($3-3.8bn) by the year end through sale of its non-core assets, to fund ConocoPhillips acquisition. The sale proceeds are likely to more than meet the C$3.6bn ($2.7bn) asset
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