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Tundra Energy to Acquire Enbridge’s South East Saskatchewan Pipeline System for $817 Million
October 10, 2016
Privately-held Canadian energy infrastructure company Tundra Energy Marketing has signed an agreement to acquire pipeline system in South East Saskatchewan, Canada from an affiliate of Enbridge Income Fund for C$1.075bn ($817m). Under the terms of the deal, Enbridge will sell
NGL Energy Partners Acquires Pelorus’ Crude Oil and Condensate Marine Terminal Project, Texas
October 10, 2016
NGL Energy Partners LP has acquired a crude oil and condensate marine terminal project and related assets from Pelorus Terminal: Point Comfort, LLC. The terminal is located at the Port of Point Comfort in Point Comfort, TX and will include
GE Opens New Oil & Gas R&D Center in Oklahoma
October 10, 2016
GE has opened its new Oil & Gas Technology Center in Oklahoma City. The new center will become a central hub for GE scientists and engineers to closely collaborate with the oil & gas industry on cutting-edge digital and hardware
NGL Energy Commences Line Fill for Grand Mesa Pipeline, Colorado to Oklahoma
October 10, 2016
NGL Energy Partners LP’s subsidiary, Grand Mesa Pipeline, LLC has commenced line fill for its newly-constructed crude oil pipeline system from Weld County, Colorado to Cushing, Oklahoma. The pipeline is on schedule to be in commercial service on November 1,
SM Energy Closes Permian Basin Acquisition for $980 Million
October 10, 2016
SM Energy Company has closed an acquisition of 24,783 net acres in Howard County, Texas, from Rock Oil Holdings LLC for $980 million. The largely contiguous acreage position expands the company’s Midland Basin footprint to approximately 46,750 net acres. The
Caelus Discovers Huge Light Oil Reserves on Its Smith Bay State Leases, Alaska
October 10, 2016
Oil and gas exploration firm Caelus confirmed that it has discovered huge reserves of light oil on its Smith Bay state leases on the North Slope of Alaska. The firm has estimated the oil in place under the current leasehold
AltaGas North Pine Liquids Separation Facility Receives Permit from BCOGC
October 7, 2016
AltaGas has received the permit from the B.C. Oil and Gas Commission (BCOGC) to construct, own and operate AltaGas’ proposed North Pine Liquids Separation Facility. To be located approximately 40 km northwest of Fort St. John, British Columbia, it is
Blueknight Energy Partners Acquires Nine Asphalt Terminals from Ergon for $108.8 Million
October 6, 2016
Blueknight Energy Partners has completed the acquisition of nine asphalt terminals from Ergon for $108.8 million and Ergon has completed the acquisition of Blueknight’s general partner. Ergon Asphalt & Emulsions, Inc., a subsidiary of Jackson, Mississippi-based Ergon, Inc., completed its
McLarens North America Opens Natural Resources Division in Houston, Texas
October 6, 2016
McLarens has opened a new Natural Resources division in North America. Led by Matthew LeBrun out of Houston, Texas, the team will focus on developing the offerings in the broader energy, oil & gas, mining, up, mid, downstream power generation
Cheniere to Acquire Remaining Stake in Cheniere Energy Partners for $5 Billion
October 5, 2016
Natural-gas exporter Cheniere Energy has made an offer to acquire remaining stake in its subsidiary Cheniere Energy Partners. The all stock offer was made to acquire the publicly held shares of Cheniere Partners Holdings not already owned by Cheniere. It
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