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June 2016

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Tesoro acquires Dakota Prairie Refining from MDU Resources 29 June 2016 Tesoro’s affiliate Tesoro Refining & Marketing has acquired Dakota Prairie Refining (DPR) from WBI Energy, a subsidiary of MDU Resources...

Europa Oil & Gas receives two-year extension for PEDL 143 licence in UK’s Weald basin 28 June 2016 The Oil & Gas Authority has granted a two-year extension to Europa Oil & Gas for the PEDL 143 licence in the UK’s onshore Weald basin,...

OGDCL makes gas discovery at Thal West No 1 well in Sindh 28 June 2016 Pakistan-based Oil and Gas Development Company (OGDCL) has made a gas discovery at its Thal West No 1 exploratory well within the Sukkur district of...

PGNiG takes delivery of first spot LNG from Statoil 28 June 2016 Polish state-run gas distributor Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has taken the first delivery of liquefied natural gas (LNG) under the spot contract from Statoil through...

Penn West completes sale of Saskatchewan assets for $747m 27 June 2016 Penn West Petroleum has completed the previously announced sale of its Saskatchewan assets including its Dodsland Viking area in Canada to Teine Energy for approximately C$975m...

TransCanada seeks $15bn in damages over Keystone XL pipeline rejection 27 June 2016 TransCanada is requesting arbitration under the North American Free Trade Agreement (Nafta) over US President Barack Obama's denial of the Keystone XL pipeline and is seeking $15bn in...

Schlumberger to distribute Mycelx products for oil and gas markets 27 June 2016 US-based, clean water technology company Mycelx Technologies has signed a marketing and distribution agreement with Schlumberger company...

Deals this week: Birchcliff Energy, QEP Resources, H2O Midstream 24 June 2016 Birchcliff Energy has agreed with Encana Corporation to acquire Gordondale assets in the Montney / Doig Natural Gas Resource play in the Peace River Arch area of Alberta,...

Report: Falling oil prices impede further development of Canada’s Kearl oil sands project 24 June 2016 The existing uncertainty in the global oil market coupled with high-supply costs of mining projects has resulted in the delay of phases three and four of Canada’s Kearl oil sand project, says...

Ecopetrol offers 20 oil and gas blocks for auction in Bogota 24 June 2016 Colombia's state oil company Ecopetrol has announced the offering of 20 oil and gas blocks for auction, as part of its 'Round Campos 2016' process in...

Emerge Energy to sell fuels business for $178.5m 24 June 2016 US-based Emerge Energy Services has signed an agreement for the sale of its fuels business to motor fuels distributor Sunoco for $178.5m....

Amerisur begins drilling on Platanillo 8 well in Colombia’s Putumayo basin 24 June 2016 Oil and gas producer Amerisur Resources has commenced drilling operations on well Platanillo 8 on Pad 5 in the Platanillo field in Colombia's Putumayo...

M&As this week: Marathon Oil, Milaha, Palfinger 24 June 2016 Marathon Oil Corporation has agreed to acquire PayRock Energy, LLC. The $888m deal will be funded by the company using cash in...

KBR secures EPC services contract for Monroe Energy’s gasoline project in US 23 June 2016 KBR has secured a contract to provide engineering, procurement and construction (EPC) services to Monroe Energy's gasoline project at the company's refinery in Trainer, Pennsylvania,...

Enbridge to buy additional equipment to improve emergency response capabilities in Michigan 23 June 2016 Canadian pipeline company Enbridge will invest $7m over the next two years in additional equipment in a bid to improve emergency response capabilities within Michigan,...

Gail India awards contracts for laying Urga Ganga gas pipeline 23 June 2016 Gail India has awarded contracts worth Rs5.5bn ($81m) for laying part of the 'Urga Ganga' gas pipeline from Phulpur in the Indian state of Uttar Pradesh, to Haldia in West...

QEP Energy to acquire oil and gas properties in Permian Basin for $600m 22 June 2016 QEP Energy has signed an agreement to acquire oil and gas properties in the Permian Basin in the US from the initial sellers and other associated individuals and entities for about $600m....

Novatek approves $19bn financing for Yamal LNG plant construction 22 June 2016 The shareholders of Novatek have approved $19bn external financing to be raised for construction of Yamal LNG plant in...

Wentworth receives approval for appraisal asset in Mozambique 22 June 2016 Wentworth Resources has secured approval from the Minister of Minerals and Energy for its appraisal asset in...

Energen finalises agreements for Delaware and San Juan basin assets in US 21 June 2016 US-based Energen has finalised and closed agreements worth $551.7m for its non-core Delaware basin and San Juan basin assets with undisclosed...

Enterprise Products to build new cryogenic natural gas processing facility in US 21 June 2016 Enterprise Products Partners is planning to build a new cryogenic natural gas processing facility and associated natural gas and natural gas liquids (NGL) pipeline infrastructure in the...