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AGDC Files FERC Application to Develop Alaska LNG Project
April 28, 2017
The Alaska Gasline Development Corporation (AGDC) has filed an application seeking permission to develop its Alaska LNG project from the Federal Energy Regulatory Commission (FERC) in the US. AGDC’s new liquefied natural gas (LNG) project will be an integrated gas
Transerv Energy Invests C$5 Million in Producing Oil and Gas Assets in Canada
April 28, 2017
Transerv Energy is investing A$4.9 million (C$5 million) for a 20 percent working interest in Point Loma Resources’ producing oil and gas assets in Alberta, Canada. The assets comprise of 210,000 acres (42,000 acres net to Transerv) and existing production
Blackstone to Acquire EagleClaw Midstream Ventures for $2 Billion
April 28, 2017
EagleClaw Midstream Ventures has entered into an agreement to sell the company to funds managed by Blackstone Group for nearly $2bn. The sale agreement has been signed by EagleClaw and its financial sponsor, EnCap Flatrock Midstream with Blackstone Energy Partners
LNG Developer NextDecade to Merge with Harmony in $1 Billion Deal
April 28, 2017
US-based Liquefied natural gas (LNG) developer, NextDecade and Harmony Merger have agreed to merge their businesses with the combined entity expected to be valued at $1bn. The outcome of the all-stock transaction will see privately held NextDecade converting into a
Parkland to Acquire Chevron’s Downstream Fuel Business in Canada
April 27, 2017
Parkland Fuel has entered into an agreement to acquire Chevron’s downstream fuel business in Canada for $1.1bn. The transaction amount also includes payment of an estimated $186m in working capital for the acquired business. As part of the transaction, Parkland
Kinder Morgan, DCP Midstream Sign LOI for Development of Gulf Coast Express Pipeline Project, Texas
April 27, 2017
Kinder Morgan Texas Pipeline (KMTP), a subsidiary of Kinder Morgan, Inc., and DCP Midstream, LP have signed a letter of intent for DCP to participate in the development of the proposed Gulf Coast Express Pipeline Project, which will provide an
Top Ten Countries with World’s Largest Oil Reserves
April 27, 2017
Since the drilling of first oil, the commodity has emerged as an important part of our life. It has been used as fuel for our transport, a fuel to generate electricity to light our homes, run factories and machines, a
Nova to Acquire Williams Partners’ Stake in Geismar Olefins Facility for $2.1 Billion, Texas
April 27, 2017
Nova Chemicals is set to purchase Williams Partners’ 88.46 percent stake in Geismar olefins plant and associated complex for around $2.1bn. The deal will also include the acquisition of around 525 acres of undeveloped land adjacent to the plant, as
SNC-Lavalin to Acquire UK-based WS Atkins for $3.6 Billion
April 26, 2017
SNC-Lavalin Group has entered into an agreement to acquire UK-based engineering and consultancy firm WS Atkins for $3.6bn in an all cash transaction. In this connection, the Canadian engineering and construction company, SNC-Lavalin Group has offered to buy each of
U.S. Denies Permission for ExxonMobil to Resume Drilling Operations Due to Sanctions, Russia
April 26, 2017
The US has refused to give permission for oil and gas firm Exxon Mobil to resume drilling in the areas facing its sanctions in Russia. In 2014, the US, along with the European Union, had imposed sanctions on Russia for
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