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September 2016

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Baker Hughes releases Kymera Xtreme drill bits for oil and gas operators 30 September 2016 US-based oilfield services provider Baker Hughes has released its line of Kymera Xtreme (XT) hybrid drill bits for oil and gas...

DynaEnergetics introduces two families of shaped charges for oil and gas companies 30 September 2016 German company DynaEnergetics has introduced two new families of shaped charges designed for oil and gas companies to improve well productivity and operational efficiency in...

M&As this week: DTE Energy, Rice Energy, Shell Midstream 30 September 2016 DTE Energy Company has agreed to spend $1.3 billion for the acquisition of 100% interest in M3 Appalachia Gathering (AGS) and a 55% stake in Stonewall Gas Gathering...

Deals this week: Rice Energy, Sunoco Logistics, Teekay LNG 30 September 2016 Rice Energy has announced the pricing of $1.02 billion public offering involving the issue of 40 million shares, at a price of $25.5 per share. The underwriters have been granted a 30-day option...

Report: China and Nigeria have biggest planned crude distillation unit expansions by 2020 30 September 2016 Planned and announced refinery projects will bring global crude distillation unit (CDU) capacity by 2020 to 115.2 million metric barrels a day (mmbd), representing a growth of approximately...

Union Jack Oil to acquire additional 3.34% interest in PEDL180 and PEDL182 29 September 2016 UK-based oil and gas production and exploration company Union Jack Oil has signed a sale and purchase agreement with Europa Oil & Gas to acquire an additional 3.34% interest in PEDL180 and...

Condor begins commercial oil production at Shoba oil field 29 September 2016 Canadian oil and gas company Condor Petroleum has commenced commercial production at the Shoba oil field in...

Canadian Government approves Pacific North West LNG project 28 September 2016 The Canadian Government has given the green light to the Pacific North West LNG project after a rigorous federal environmental...

Newfield Exploration completes sale of Texas assets 28 September 2016 US-based petroleum and natural gas company Newfield Exploration has completed the sale of its oil and gas assets and undeveloped acreage in Texas for approximately...

Sunoco Logistics Partners acquires Vitol’s Permian Basin crude oil system in West Texas 28 September 2016 Sunoco Logistics Partners has signed an agreement for the strategic acquisition of Vitol’s Permian Basin crude oil system in West Texas for approximately...

DTE Energy to acquire natural gas midstream assets for $1.3bn 27 September 2016 US-based DTE Energy is planning to acquire midstream natural gas assets as part of its growth strategy, as well as earn viable returns for...

Rice Energy to buy Vantage Energy for $2.7bn 27 September 2016 US-based natural gas and oil company Rice Energy has entered into a purchase and sale agreement (PSA) to acquire Colorado-based Vantage Energy for approximately $2.7bn, including the assumption...

Baron Oil forms JV with SundaGas to venture into South East Asia 26 September 2016 UK-based Baron Oil has entered a joint venture (JV) with Singapore-based SundaGas to look out for new business opportunities in South East...

Petrobras to sell 90% of NTS business unit for $5.19bn 26 September 2016 Petróleo Brasileiro (Petrobras) has approved the sale of 90% shares of its Nova Transportadora do Sudeste (NTS) natural gas business division to Canadian-based Brookfield Infrastructure...

PennEast proposes new routes to reduce environmental impact 26 September 2016 The PennEast Pipeline Company has filed seven route deviations in New Jersey with the Federal Energy Regulatory Commission (FERC) in the US as part of its efforts to reduce impacts on...

M&As this week: Seven Generations Energy, InPlay, MSA Safety 23 September 2016 Seven Generations Energy (7G) has completed the acquisition of minority interest in Steelhead LNG...

IEnova to acquire 50% stake in Gasoductos de Chihuahua JV for $1.1bn 23 September 2016 Infraestructura Energética Nova (IEnova) has received approval from Mexico's anti-trust commission Comisión Federal de Competencia Económica for its previously announced acquisition of...

Report: Phase one of Greater Moose’s Tooth Unit project scheduled to come online in 2018 23 September 2016 Greater Moose’s Tooth (GMT) Unit project in Alaska is anticipated to commence production in late 2018, according to a report by...

Canacol Energy plans to drill new gas wells in Colombia 23 September 2016 Canadian-based exploration and production company Canacol Energy is planning to drill three new gas wells in Colombia in order to accelerate its natural gas opportunities....

Deals this week: Sabine Pass Liquefaction, Encana Corporation, ARC Resources 23 September 2016 Sabine Pass Liquefaction, a wholly owned subsidiary of Cheniere Energy Partners, has announced pricing and upsizing of the public offering of 5% senior secured notes due on 15 March...

Holly Energy to acquire Woods Cross Refinery units for $275m 22 September 2016 Holly Energy Partners has signed an agreement to acquire US-based, Woods Cross Refinery unit owner HollyFrontier subsidiary for approximately...