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HollyFrontier to Acquire Suncor Energy’s Petro-Canada Lubricants Business for $845 Million
November 1, 2016
HollyFrontier Corporation has entered into a definitive agreement to acquire Suncor Energy’s Petro-Canada Lubricants business for C$1.125 billion (or approximately $845 million based on the exchange rate at time of signing), including working capital with an estimated value of C$342
CONSOL Energy and Noble Energy Reach Agreement to Separate Marcellus Shale JV, W. Va. and Pa.
November 1, 2016
CONSOL Energy Inc. and Noble Energy, Inc. have entered into a definitive agreement to separate their Marcellus Shale 50-50 Joint Venture (the exchange agreement). The two companies have negotiated a separation of the joint venture that was formed in 2011
Woodfibre Awards FEED Contracts for Its $1.6 Billion LNG Project in Canada
October 31, 2016
Woodfibre LNG has awarded two contracts for front end engineering and design (FEED) of the $1.6bn LNG project planned to be built in District of Squamish near Vancouver, British Columbia, Canada. Located around 7km south-west of Squamish, the Woodfibre LNG
Wood Group to Provide EPC Services to Hibernia Platform in Canada, Offshore Newfoundland
October 31, 2016
Wood Group has secured a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company (HMDC). The contract will be executed by Wood Group’s Eastern Canada operations, in
Tourmaline Oil to Acquire Shell’s Canadian Non-core Shale Acreage for $1 Billion
October 27, 2016
Shell Canada Energy, an affiliate of Royal Dutch Shell, has signed an agreement to divest approximately 206,000 net acres of non-core oil and gas assets in Western Canada to Tourmaline Oil for $1bn. The assets considered for sale include 61,000
DTE Energy Acquires M3 Midstream and Vega Energy’s Midstream Natural Gas Assets for $1.3 Billion
October 27, 2016
DTE Energy has acquired midstream natural gas assets in Pennsylvania and West Virginia from M3 Midstream and Vega Energy Partners for $1.3bn. As part of the deal signed earlier, DTE has acquired 100 percent interest in the Appalachia gathering system
Aegion Corporation Receives Project of the Year Honors for Two Infrastructure Solutions Projects
October 27, 2016
Aegion Corporation has been recognized by Trenchless Technology magazine for two pipeline projects from Aegion’s Infrastructure Solutions platform in its 2016 annual awards for top trenchless pipeline construction projects in North America. Aegion’s recently acquired Fusible PVC® pipe technology received
American Midstream Partners to Merge with JP Energy Partners, Creating $2B Diversified Midstream MLP
October 26, 2016
American Midstream Partners, LP and JP Energy Partners LP have executed a merger agreement to create a combined midstream platform. American Midstream will acquire 100 percent of JP Energy in a unit-for-unit merger which is anticipated to have minimal, if
Energy Transfer Partners to Acquire Certain Interests in PennTex Midstream for $640 Million
October 26, 2016
Energy Transfer Partners, L.P. has entered into a definitive agreement to acquire certain interests in PennTex Midstream Partners, LP from various parties for total consideration of approximately $640 million. Upon closing the transaction, Energy Transfer Partners will own 100 percent
Clayton Williams Energy to Sell Giddings Area Assets for $400 Million, Appoints Patrick Cooke as COO
October 26, 2016
Clayton Williams Energy, Inc. has entered into a definitive purchase and sale agreement with a third party to sell substantially all of the company’s assets in the Giddings Area in East Central Texas for a sale price of $400 million.
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