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Technip Awarded Subsea Contract to Develop South Santa Cruz and Barataria Oil Fields, Gulf of Mexico
February 12, 2016
Deep Gulf Energy III has awarded a subsea contract to French engineering and construction firm Technip in support of the South Santa Cruz and Barataria fields in the Gulf of Mexico. The South Santa Cruz and Barataria ultra-deepwater fields are
Magnolia Petroleum Adds Eight Wells and Builds Gas Assets in Oklahoma
February 12, 2016
US onshore oil and gas group Magnolia Petroleum brought on eight new wells to its portfolio in its latest quarter, taking the total in production where it has a stake to 210. A further nine at various stages of development,
Georgia Power Plans Power Plant Retirements and Coal-to-Gas Conversions in Compliance Strategy
February 12, 2016
The Environmental Compliance Strategy for Georgia Power has included recently, in part for federal Mercury and Air Toxics Standards (MATS) compliance, a number of coal-fired power retirements and coal-to-gas conversions. The latest version of the strategy was filed on Jan.
Terra Energy Partners to Acquire Piceance Basin Assets from WPX Energy
February 11, 2016
Terra Energy Partners LLC has agreed to acquire WPX Energy Rocky Mountain, LLC from WPX Energy, Inc. for $910 million in cash. In addition, Terra will receive natural gas hedges with a current in-the-money value of more than $90 million
Team Oil Tools Consolidates Liner Hanger Manufacturing in Conroe, Texas, Facility
February 11, 2016
Team Oil Tools, Inc. is consolidating its Bakersfield, California, manufacturing operations with existing facilities in Conroe, Texas. The change involves manufacturing for Team’s Chancellor Oil Tool product line. “This consolidation improves efficiency and streamlines our manufacturing process, while still enabling
Supreme Court Puts Obama’s Power Plant Regulations on Hold
February 10, 2016
A divided Supreme Court on Tuesday abruptly halted President Obama’s controversial new power plant regulations, dealing a blow to the administration’s sweeping plan to address global warming. In a 5-4 decision, the court halted enforcement of the plan until after
Calpine Completes Purchase of Granite Ridge Energy Center in Londonderry, New Hampshire
February 10, 2016
Calpine Corporation has completed the acquisition of Granite Ridge Energy Center, a natural gas-fired, combined-cycle power plant located in Londonderry, New Hampshire, approximately 45 miles northwest of Boston. Calpine purchased the plant, which has a nameplate generating capacity of 745
Albemarle to Increase Prices of Fluid Catalytic Cracking Catalysts
February 10, 2016
Albemarle Corporation will increase prices of its fluid catalytic cracking catalysts by 10 percent, effective March 15, 2016, or as contracts allow. “Albemarle continues to make significant investments in its FCC business to improve operating flexibility and as part of
Obama to Propose $10-a-Barrel Oil Tax
February 10, 2016
President Barack Obama is about to unveil an ambitious plan for a “21st century clean transportation system.” And he hopes to fund it with a tax on oil. Obama aides told POLITICO that when he releases his final budget request
Venture Global Calcasieu Pass and Shell Execute Twenty Year LNG Sales and Purchase Agreement, La.
February 9, 2016
Venture Global Calcasieu Pass, LLC has entered into a sales and purchase agreement (SPA) with Shell NA LNG LLC, under which Shell has agreed to purchase one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global
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