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Baker Hughes, CSL Capital, Goldman Sachs to Form North American Land Pressure Pumping Company
December 5, 2016
Baker Hughes Incorporated, CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the merchant banking division of Goldman Sachs, have agreed to create a pure-play North American land pressure pumping company. The new company will leverage
Sempra Energy Seeks FERC Approval for Construction of Port Arthur LNG Facility, Texas
December 5, 2016
Sempra Energy announced its LNG subsidiaries have filed applications with the US Federal Energy Regulatory Commission (FERC) seeking authorization to construct and operate the Port Arthur LNG natural gas liquefaction facility in Southeast Texas. The FERC application for the proposed
Centennial to Acquire Silverback’s Upstream Assets for $885 Million, Texas
December 5, 2016
Colorodo based oil and natural gas firm Centennial Resource Development has agreed to purchase all the upstream assets of Silverback Exploration in Reeves County, US for $885m. The acquisition is expected to increase Centennial’s horizontal drilling inventory by 44% and
Mitsubishi Heavy Industries Selected to Build ExxonMobil’s Large-Scale Polyethylene Plant, Texas
December 5, 2016
Mitsubishi Heavy Industries, Ltd. has received an order for supply of systems to support a large-scale polyethylene production train for ExxonMobil’s Beaumont Polyethylene plant. The new production train is slated to be completed in 2019, and will produce 650,000 tons
Government of Canada Grants Approval for Kinder Morgan’s Trans Mountain Expansion Project
December 5, 2016
The Government of Canada has granted approval to Kinder Morgan for the Trans Mountain Expansion Project in a landmark decision that affirms both the strength of the project and the rigor of the review process it has undergone. “This is
Krewe Energy Acquires Hilcorp Energy’s West Little Lake Field, Louisiana
December 1, 2016
Krewe Energy, LLC has completed an acquisition with Hilcorp Energy for its West Little Lake Field. The West Little Lake Field is located adjacent to Krewe’s currently operated Little Lake Field in Jefferson Parish, Louisiana. The transaction will provide operational
Fluor Signs MOU with Clean Energy Future for New Gas-Fired Power Stations in Ohio
November 29, 2016
Fluor Corporation has signed a memorandum of understanding with Clean Energy Future, LLC, to provide development support for the Trumbull and Oregon Energy Centers natural gas, combined-cycle stations in Ohio. As part of the agreement, Fluor will provide initial permitting
Total Safety Named Recipient of 2016 Texas Oil and Gas Awards Excellence in Health and Safety
November 29, 2016
Total Safety U.S. Inc., the world’s premier provider of industrial inspection and integrated safety solutions, was honored with the Fourth Annual Award for Excellence in Health and Safety — Operational in the 2016 Texas Oil and Gas Awards. Total Safety
Tesoro Logistics to Acquire $1.1 Billion Oil and Gas Assets to Expand Midstream Business, Texas
November 28, 2016
Tesoro Logistics (TLLP) has announced to invest $1.1bn for two acquisitions in a bid to strengthen its midstream business. The Texas based firm will spend $700m to purchase integrated crude oil, natural gas and produced water gathering systems besides two
USGS Finds 20 Billion Barrels of Oil at Wolfcamp Shale Project, Texas
November 28, 2016
The US Geological Survey (USGS) announced that it has found an estimated 20 billion barrels of crude oil in the Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin. The agency said that the Wolfcamp shale also contains
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