Air BP today announced its agreement to purchase the aviation fuel business, Statoil Fuel & Retail Aviation AS (SFR Aviation), from Canadian company Alimentation Couche-Tard Inc. The deal will add around 73 new airports in the Nordic countries and Northern Europe to Air BP’s 600-strong global fuels network. The deal, which is subject to regulatory […]
Royal Dutch Shell plc (“Shell”) announces today two separate transactions whereby the company will exit its Pinedale and Haynesville onshore gas assets in exchange for approximately $2.1 billion of cash, plus additional acreage in the Marcellus and Utica Shale areas in Pennsylvania. In one agreement with Ultra Petroleum, Shell will acquire 155,000 net acres in […]
The project will feature the construction of a normally unmanned platform together with corresponding subsea infrastructure, a first for BP Trinidad and Tobago. Fabrication is proposed to begin in 4th quarter, 2014. The Juniper facility will take gas from the Corallita and Lantana fields located 50 miles off the south east coast of Trinidad in […]
STAVANGER, NORWAY –When iconic innovator and GE founder, Thomas Edison, said “I find out what the world needs. Then I go ahead and try to invent it,” little did he realize that, many decades later, the business would continue to heed this philosophy. Today, GE Oil & Gas’ (NYSE: GE) engineers and technologists remain firmly […]
NEW YORK– Hess Corporation (NYSE:HES) announced today its intention to pursue the formation and initial public offering of a master limited partnership (MLP). Hess remains focused on value creation and the pursuit of its previously announced intention to monetize its midstream assets in the Bakken oil shale play in North Dakota. Hess intends to use […]
SAN RAMON, Calif., – Chevron Corporation (NYSE: CVX) subsidiary Chevron U.S.A. Inc. announced that it has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company’s Pascagoula refinery. Base oils produced at Pascagoula will add to capacity from the company’s refinery in Richmond, California and a joint venture facility […]
Today, the White House and the Department of Energy are hosting a Capstone Methane Stakeholder Roundtable. In addition, DOE is announcing a series of actions, partnerships, and stakeholder commitments to help modernize the nation’s natural gas transmission and distribution systems and reduce methane emissions. The Capstone event is the culmination of four previous in-depth Roundtables […]
MOSCOW, July 31, 2014 – Honeywell (NYSE: HON) Process Solutions today announced it will upgrade process control and alarm management systems at the Molikpaq platform on the Sakhalin shelf, Russia, to improve safety, reliability and operational efficiency. The Molikpaq platform, owned by Sakhalin Energy Investment Co. Ltd., celebrated its 15-year anniversary in September 2013. The […]
Shell today announces its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of exploration activities in the Eastern Gulf of Mexico, Shell continues to lead industry in exploring this Jurassic play. “The Rydberg discovery builds upon […]
HOUSTON, – Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, has agreed to purchase a 7.1 million-barrel storage capacity terminal located near Beaumont, Texas. The Beaumont Terminal will be the largest terminal in the Phillips 66 portfolio. “This acquisition supports our midstream growth strategy,” said Tim Taylor, president, Phillips 66. “Given our expectations […]
