GlobalData’s latest report, Q2 2018 Quarterly Global Propylene Capacity and Capital Expenditure Outlook...
- Russia to lead global underground gas storage capacity additions
- Challenges keep China’s shale gas in early stages
- Quarterly midstream capital raising review – Q2 2018
- GIP affiliates close $3.125bn acquisition of interests in EnLink Midstream
- Sacgasco begins sales from Dempsey gas project in Sacramento Basin, US
Carrizo Oil and Gas to buy Delaware Basin assets for $215m
Carrizo Oil and Gas has reached a $215m agreement to acquire acreage in the Delaware Basin in the US from Devon Energy.
IGP methanol and NW Innovation lead global methanol capacity additions
GlobalData’s latest report, ‘Global Methanol Capacity and Capital Expenditure Outlook, 2018 – IGP Methanol and NW Innovation Lead Global Capacity Additions’ states that the global methanol capacity is poised to see considerable growth over the next nine years, potentially increasing from 134.2 million tonnes per annum (mtpa) in 2017 to 243.1mtpa in 2026.
Diamondback Energy signs $9.2bn deal to buy Energen
Diamondback Energy has signed an agreement to acquire US oil and gas exploration and production company Energen in a $9.2bn deal.
M&As this week: APA Group, Ensign Energy Services, Parkland Fuel
APA Group has endorsed shareholders vote for an A$12.98bn ($9.45bn) takeover offer made by a consortium led by CK Infrastructure Holdings (CKI).
Deals this week: Basra Oil Company, Baker Hughes, Saudi Aramco
Basra Oil Company (BOC) has awarded a $370m engineering, procurement and construction (EPC) contract to Petrofac to expand the central processing facility (CPF) in the Majnoon field in southern Iraq.
China continues to drive global propylene capacity growth
GlobalData’s latest report, Q2 2018 Quarterly Global Propylene Capacity and Capital Expenditure Outlook – China Continues to Drive Global Capacity Growth states that the global propylene capacity is poised to see considerable growth over the next nine years, potentially increasing from 121.3 million tonnes per annum (mtpa) in 2017 to 148.1mtpa in 2026.
Russia to lead global underground gas storage capacity additions
GlobalData’s latest report, Global Capacity and Capital Expenditure Outlook for Gas Storage – Russia to Lead in Gas Storage Capacity Additions, suggests that the global underground working gas storage capacity is expected to grow by 19% during 2018 to 2022, from the current 14.9 billion cubic feet (bcf) in 2018 to around 17.8bcf in 2022.
Cenovus Energy to dispose Pipestone Business for $474.9m
Canadian integrated oil and natural gas company Cenovus Energy has reached an agreement to sell Pipestone and Wembley natural gas and liquids business in Alberta for C$625m ($474.9m).
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