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Wood Group to Acquire Amec Foster Wheeler for $2.7 Billion
March 15, 2017
Oil services company Wood Group has signed an agreement to take over UK-based rival Amec Foster Wheeler for £2.2bn ($2.7bn). Under the terms of the deal, the shareholders of Amec Foster Wheeler will receive 0.75 new Wood Group shares for
Exxon Mobil to Invest $20 Billion in U.S. Gulf Coast Refining and Chemical Projects
March 15, 2017
Oil and gas company Exxon Mobil has announced plans to invest $20bn in its refining and chemical manufacturing projects in the US Gulf Coast through 2022. Exxon Mobil CEO and Chairman Darren Woods said that the firm intends to expand
Canada Approves $439 Million Towerbirch Pipeline Expansion Project
March 15, 2017
The Canadian government has conditionally approved NOVA Gas Transmission’s (NGTL) proposed Towerbirch pipeline expansion project. Estimated to cost $439m, the project involves construction of 87km-long interprovincial natural gas pipeline between British Columbia and Alberta. Subject to 24 binding conditions, the
U.S. to Offer 73 Million Acres in Gulf of Mexico for Oil and Gas Exploration
March 15, 2017
The US Department of Interior (DOI) is planning to offer 73 million acres for oil and gas exploration and development offshore Texas, Louisiana, Mississippi, Alabama, and Florida. Scheduled to take place in August 2017, the proposed lease sale 249 will
Exxon Mobil Obtains Exemption from Canadian Oil and Gas Reporting Obligations
March 14, 2017
The securities commissions for the provinces of Alberta and Ontario have issued a decision document for Exxon Mobil Corporation, which has the effect of granting ExxonMobil exemptive relief from the disclosure requirements contained in National Instrument 51-101 – Standards of
Enterprise Signs Natural Gas Processing Agreements with Producers from Wyoming’s Green River Basin
March 14, 2017
Enterprise Products Partners renegotiated and extended an agreement with Ultra Petroleum Corp. to process natural gas from Ultra’s production in the Pinedale Field in southwestern Wyoming. The agreement secures a 20-year supply of natural gas for Enterprise’s Pioneer cryogenic processing
Mitsubishi Hitachi Power Systems Supplying Gas Turbines to Entergy Louisiana
March 14, 2017
Located in St. Charles Parish, about 30 miles west of New Orleans, there will be one of the cleanest and most efficient units in Entergy Louisiana’s generation fleet. The high efficiency natural gas-fired plant will be digitally-enabled to optimize power
ExxonMobil’s Integration, Diverse Portfolio of Investments to Drive Growth
March 14, 2017
Exxon Mobil Corporation is positioned to succeed in any price environment by maximizing the competitive advantages of its integrated businesses and by investing in projects that generate high-value products across the commodity cycle, Chairman and Chief Executive Officer Darren W.
Zadar Executes MOU Agreement to Purchase Canadian Petrobrine Projects
March 14, 2017
Zadar Ventures Ltd. has entered into an MOU with a private Alberta company to purchase up to 38,000 hectares of land prospective for lithium bearing petrobrines in Manitoba. Manitoba is a jurisdiction well-known for its oil production in the southeast
BP to Acquire Clean Energy’s Renewable Natural Gas Business for $155 Million
March 10, 2017
BP has agreed to acquire the upstream portion of renewable natural gas business of Clean Energy Fuels. As part of the deal, BP will pay pay $155m to acquire Clean Energy’s existing biomethane production facilities and its share of two
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