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Occidental Petroleum to Divest Non-strategic Permian Basin Assets for $600 Million
June 20, 2017
Texas-based Occidental Petroleum will raise around $600m by divesting some of its non-strategic assets in the Permian Basin. It will cut down its position in the Permian Resources by 13,000 net acres. In this regard, non-core acreage in Andrews, Pecos
BOEM Seeks Public Feedback on Eni’s Beaufort Sea Exploration Project, Alaska
June 19, 2017
An environmental assessment relating to Eni’s Nikaitchuq North exploration project in Beaufort Sea in the US state of Alaska is all set to be launched by the Bureau of Ocean Energy Management (BOEM). The development comes in the wake of
TransCanada to Move Ahead with $2 Billion Nova Gas Transmission System Expansion
June 19, 2017
TransCanada announced that it will move ahead with $2bn expansion program on its NOVA Gas Transmission (NGTL) system due to growing customer demand. The company said that the decision is based on new contracted customer demand for nearly 3 billion
Federal Judge Orders Relook of Dakota Access Pipeline’s Environmental Review
June 19, 2017
A federal judge has ordered the US Army Corps of Engineers to reconsider the environmental review conducted for the $3.8bn Dakota Access Pipeline. Judge James Boasberg in the US District Court for the District of Columbia ruled that the Army
Caerus to Acquire Encana’s Piceance Natural Gas Assets for $735 Million
June 14, 2017
Encana Oil & Gas (USA), a wholly-owned subsidiary of Encana, has signed an agreement to divest its Piceance natural gas assets to Denver-based Caerus Oil and Gas for around $735m. Encana also noted that it will reduce its midstream commitments
Macquarie Group to Acquire Cargill’s North American Power and Gas Business
June 14, 2017
Australian investment bank Macquarie Group has agreed to acquire Cargill’s North American power and gas business for an undisclosed sum. The deal is expected to complete in the second half of this year. With offices in Calgary, Houston and Minneapolis,
GE’s Oil and Gas Business Secures U.S. Antitrust Approval to Merge with Baker Hughes
June 14, 2017
General Electric (GE) has secured US antitrust approval to merge its oil and gas business with Baker Hughes to create a $32bn company with operations in over 120 countries. To clear the merger proposal, the US Department of Justice has
Trump ‘Unlocking American Energy’ Which is Yielding ‘Amazing Results”
June 14, 2017
President Trump on Monday highlighted “pretty big stories” about the mining sector as proof that his energy policies are working, three days after urging the media to write more positive stories about the economy. “There are a couple of major
Fairway Energy Commences Commercial Operations at Pierce Junction Crude Oil Storage Facility, Texas
June 9, 2017
Fairway Energy Partners, LLC has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the significant growth of pipeline-delivered crude oil into and through
Evolution Midstream to Acquire Rowdy Gas Gathering System, Wyoming
June 9, 2017
Evolution Midstream has entered into an agreement with Lucid Energy Group to acquire Rowdy Gas Gathering System for undisclosed sum. Located in Wyoming’s Powder River Basin, the Rowdy system serves oil and gas producers in Campbell, Converse and Johnson counties.
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