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Oregon-based XFuels Begins Development of Fuel Cell Technology
February 8, 2016
XFuels Inc. will begin development on a combined hydrogen and carbon fuel cell using both XFuels’ hydrogen capture technology and its non-thermal plasma reforming technology with Converde Inc.‘s carbon fuel project. The resulting system will be targeted for small and
U.S. Oil Exports: Platts Launches New Price References for On-Ship Crude Oil in U.S. Gulf Coast
February 8, 2016
Platts will publish new pricing points for light sweet crude oil and condensates free-on-board ship from Houston and Corpus Christi, Texas and a new pricing point for Canadian heavy crude oil delivered to the U.S. Gulf Coast in order to
Osage Exploration and Development Files for Chapter 11 Bankruptcy
February 8, 2016
Osage Exploration and Development, Inc. has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Oklahoma in Case No. 16-10308-SAH. About Osage Exploration and Development Based
Dominion Resources to Acquire Ohio-based Questar for $4.4 Billion
February 5, 2016
Power producer Dominion Resources has signed an agreement to acquire Questar, a natural gas distribution, pipeline, storage and cost-of-service gas supply company, for about $4.4bn. Under the terms of the deal, Dominion will pay $25 per share for the Questar
Vertex Energy Sells Nevada Re-refinery Facility for $35 Million
February 5, 2016
Vertex Energy, Inc. has sold its Nevada re-refinery facility, which is located in Churchill County, to Clean Harbors, Inc. for $35 million, of which approximately $14 million was immediately used at closing to purchase the facility and equipment previously leased
Aegion Completes Sale of Bayou Perma-Pipe Canada for US$9.6 Million
February 5, 2016
Aegion Corporation has completed the sale of its 51 percent interest in Bayou Perma-Pipe Canada, Ltd, a pipe coating company in Western Canada, to its joint venture partner, MFRI, Inc., for US$9.6 million. The company also expects to complete its
Apollo Global Forms New Colorado-based Company Resource Energy Partners
February 5, 2016
Apollo Global Management, LLC has formed a private equity-backed upstream oil and gas production company, Resource Energy Partners LLC. Resource Energy was formed to implement an acquisition and exploitation strategy principally focused on the revitalization of existing wellbores as opposed
TransCanada’s Energy East Project to Create Up to 120 New Jobs in Québec
February 5, 2016
TransCanada Corporation and ABB have signed a major agreement that will see ABB deliver a number of multi-million dollar electrical houses to secure safe, reliable and energy efficient power distribution for the pump stations along the Energy East Pipeline. At
Emerson Helps BP Whiting Refinery Avoid Downtime While Improving Safety and Reliability, Indiana
February 3, 2016
Emerson Process Management is providing process automation technologies and services to help BP further enhance the safety, reliability, and performance of its Whiting refinery in Northwest Indiana — without the costly downtime often required for such projects. The project to
Howard Energy to Permit, Construct Dos Águilas Project, Corpus Christi, Texas to Northern Mexico
February 1, 2016
Howard Midstream Energy Partners, LLC (HEP)‘s subsidiary, Dos Águilas, LLC, plans to permit, construct and operate its proposed Dos Águilas project, an open access system of refined products terminals and pipelines spanning from Corpus Christi, Texas to northern Mexico. The
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