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NEWS Click on text to read news by category: General | Product | People | Worldwide

Kinder Morgan Abandons Plans to Build $3.3 Billion Northeast Energy Direct Pipeline Project

May 4, 2016

US-based Kinder Morgan’s subsidiary Tennessee Gas Pipeline (TGP) has abandoned its plans to build $3.3bn Northeast Energy Direct (NED) pipeline project as it failed to receive enough natural gas commitments from businesses. The 30-inch, 350 mile long pipeline project was

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88 Energy Plans for Next Stage of Development at Icewine Project, Alaska

May 4, 2016

Alaska-focused oil 88 Energy Ltd has spelt out its plans for the next stage of development of its keenly anticipated Icewine project. Earlier this month, managing director Dave Wall described as ‘astounding’ the correlation between projections for its first well,

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Con Edison to Acquire 50% Stake in Crestwood’s Gas Pipeline and Storage Assets for $975 Million

May 3, 2016

Electricity and natural gas distribution company Consolidated Edison (Con Edison) has signed an agreement to acquire 50 percent stake in Crestwood Equity Partners’ natural gas pipeline and storage assets located in northern Pennsylvania and southern New York for $975m in

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Bill Barrett Corp. Enters Agreement to Divest Certain Uinta Basin Assets for $30 Million

May 3, 2016

Bill Barrett Corporation has entered into an agreement with an unaffiliated third party to sell certain non-core assets located in the Uinta Basin for cash proceeds of approximately $30 million. The transaction is expected to close on or before June

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Plains All American Pipeline and Cheniere Energy Enter Long-Term Natural Gas Storage Agreement

May 3, 2016

Plains All American Pipeline, L.P. and Cheniere Energy Partners, L.P. have entered into a 10-year firm storage service agreement with Cheniere Energy Partners’ subsidiary, Sabine Pass Liquefaction, LLC. Under the new agreement, Pine Prairie (subsidiary of Plains All American Pipeline)

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Halliburton Terminates $28 Billion Merger Deal with Baker Hughes

May 3, 2016

US based oilfield services provider Halliburton has terminated the proposed $28bn deal to acquire Baker Hughes, a supplier of oilfield services, products, technology and systems to the oil and natural gas industry. The termination of the merger deal, which was

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Husky Energy to Divest Stake in Canadian Midstream Assets for $1.3 Billion

May 3, 2016

Canadian oil-and-gas producer Husky Energy has signed an agreement to sell 65 percent interest in its midstream assets in the Lloydminster region of Alberta and Saskatchewan for C$1.7bn ($1.3bn). As per the deal, Husky will sell stakes in the assets,

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Texas-based Swift Energy Emerges from Bankruptcy

May 2, 2016

Swift Energy Company has completed its financial restructuring and emerged from Chapter 11. The company officially concluded its reorganization after completing all required actions and satisfying the remaining conditions to its plan of reorganization, which was confirmed by the US

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Eagle Mountain & Shandong Pusheng Petrochemical Form JV for Oil, Gas and Petroleum Products Offering

May 2, 2016

Eagle Mountain Corporation’s strategic partner, Shandong Pusheng Petrochemical Co. Ltd has signed an agreement with the company forming a joint venture for oil, gas and petroleum products trading effective immediately. In addition, the parties have signed their first purchase order,

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Phillips 66, Energy Transfer Partners, Sunoco Logistics Begin Bayou Bridge Pipeline Operations

May 2, 2016

Bayou Bridge Pipeline, LLC has started commercial operations on the 30-inch segment of the Bayou Bridge Pipeline from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge is jointly owned by subsidiaries of Phillips 66 Partners LP, Energy Transfer Partners, L.P.

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