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Phillips 66 Partners Acquires Additional Stake in Explorer Pipeline
July 26, 2016
Phillips 66 Partners LP has agreed to acquire an additional 2.5 percent equity interest in Explorer Pipeline Company. This acquisition will result in the partnership having a total ownership interest of approximately 22 percent. Explorer is recognized as one of
Port Cameron and HBW Resources Join Forces to Commercialize New Deepwater Port in Gulf of Mexico
July 26, 2016
HBW Resources has been retained by Port Cameron, LLC to enhance its campaign to identify and secure new customers for its new private deepwater, state-of-the-art staging port in Cameron Parish, Louisiana. The port complex, located on the Calcasieu Ship Channel,
SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U.S. Gulf Coast
July 26, 2016
SABIC and an affiliate of Exxon Mobil Corporation are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be located in Texas or Louisiana near natural gas feedstock and
Tallgrass Pony Express Pipeline Starts Open Season to Transport Light Crude from Colo. to Okla.
July 26, 2016
Tallgrass Pony Express Pipeline, LLC (Pony Express) has started a binding open season soliciting shipper commitments for light crude petroleum transportation service from the Buckingham receipt point in Weld County, Colo., on the Northeast Colorado Lateral of Pony Express to
Hawaii Regulatory Panel Rejects NextEra’s $4.3 Billion Deal to Acquire HEI
July 22, 2016
The Hawaii Public Utilities Commission (PUC) has rejected the NextEra Energy’s proposed $4.3bn deal to acquire Hawaiian Electric Industries (HEI). The commission voted 2-0 against the proposed transaction, citing its failure to prove that the acquisition was in the public’s
Mexican Government Launches Bidding Round for 15 Offshore Oil Blocks
July 22, 2016
The Mexican government has launched a new bidding round for the exploration and production of 15 oil blocks in shallow waters of the southern Gulf of Mexico, in an effort to ensure energy security. Mexico’s oil regulator, National Hydrocarbons Commission
Utah’s BLM Releases Blueprint for Potash Mining, OIl and Gas Development
July 22, 2016
The BLM considered 28,000 comments as part of the agency’s implementation of sweeping oil and gas reforms instituted by the Interior Department in 2010. Two years later, the agency began crafting the draft of the planning document designed to serve
Wolf Midstream Acquires Devon Energy’s Interest in Access Pipeline for $1.4 Billion, Canada
July 20, 2016
Devon Energy Corp. has entered into a definitive agreement to sell its 50 percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD$1.4 billion, or USD $1.1 billion. The
Pennsylvania Commonwealth Court Rules in Favor of Sunoco Pipeline and Mariner East 2 Project
July 20, 2016
Sunoco Logistics Partners L.P. issued the following statement regarding the Commonwealth Court’s July 14 decision: Today, the Pennsylvania Commonwealth Court decisively affirmed a lower court decision that Sunoco Pipeline L.P. is a public utility corporation, as determined by the Pennsylvania
Devon Energy Completes Successful STACK Spacing Test and Record-Setting Oil Well, Oklahoma
July 20, 2016
Devon Energy Corp. has brought online another successful spacing pilot and a record-setting oil well in the over-pressured oil window of the STACK play. The Alma spacing pilot tested five wells per section across a single interval in the upper
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