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MRC Global Expands Service to Chemours Company in U.S. Gulf Coast
May 25, 2016
MRC Global Inc.‘s subsidiary, MRC Global (US) Inc., has been awarded an agreement to be the primary provider of pipe, valve, fitting (PVF) products and services to all U.S. locations of The Chemours Company. The five year agreement added the
Parsley Energy Acquires Mineral Rights in Southern Delaware Basin for $280.5 Million
May 24, 2016
Parsley Energy, Inc. has entered into an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas in the Southern Delaware Basin for $280.5 million in cash.
France-Based Technip Signs $13 Billion Merger Deal with FMC Technologies
May 24, 2016
France based oil services firm Technip has signed $13bn merger deal with the US subsea equipment supplier FMC Technologies to improve its balance sheet amid a slump in oil prices. The companies agreed to merge and create a combined company,
Hawkwood Energy East Texas Acquires Oil Assets in East Texas
May 24, 2016
Hawkwood Energy, LLC has acquired producing and non-producing assets primarily in Leon and Madison counties in East Texas. The newly acquired assets consist of producing wells with combined production of approximately 500 barrels of oil per day (bopd) primarily from
E3 Consulting Serves as Independent Engineer for New Tenaska Gas Power Plant, Pennsylvania
May 24, 2016
E3 Consulting® has served as independent engineer to lenders for the recent financing of Tenaska’s Westmoreland Generating Station, a 925 MW natural gas-fired, combined-cycle power plant to be built near Pittsburgh, Pa. MUFG Union Bank N.A., BNP Paribas, Citigroup Global
Chaparral Energy Files for Chapter 11 Bankruptcy Protection
May 24, 2016
Chaparral Energy has filed for bankruptcy protection under Chapter 11 in the US, as it came under financial pressure due to a slump in oil prices. The filing will enable the Oklahoma City-based oil and gas driller to restructure its
Linn Energy Files for Chapter 11 Bankruptcy Protection
May 24, 2016
Oil and gas producer Linn Energy has filed for bankruptcy protection in the US, to reduce its debt amid plunging oil prices. The firm has filed for Chapter 11 Bankruptcy protection in the US Bankruptcy Court for the Southern District
Nine Energy Completes Plug and Perf System at 124 Utica Shale Wells for Eclipse Resources, Ohio
May 24, 2016
Nine Energy Service successfully completed 124 perforated stages in an 18,544ft lateral in Guernsey County, Ohio for Eclipse Resources, a independent E&P company in the Appalachian Basin. In one of the most complex wells ever completed by either company, Nine’s
Petrolia Begins Long-Term Production Test on Haldimand 4 Oil Well, Quebec
May 23, 2016
Petrolia has commenced the long-term production tests on Haldimand Number 4. The well cleaning operation completed on Haldimand Number 4 had been successfully performed in January. On the basis of the results of that cleaning operation, Petrolia and its partner
Perisson Petroleum and Forent Energy Acquire Canadian Oil and Gas Properties
May 23, 2016
Perisson Petroleum Corporation and Forent Energy Inc. have closed on the acquisition of certain producing oil and gas assets in the Twining area of Alberta. The acquisition consists of approximately 200 boe/d, which is comprised of 70 percent oil and
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