BOSTON – GE (NYSE: GE) announced today the completion of the previously announced combination of GE’s oil and gas business with Baker Hughes. Baker Hughes, a GE company (NYSE:BHGE) is the first and only company to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development. BHGE provides […]
TREVOSE, PA. —Federated Co-Operatives Limited’s Co-op Refinery Complex in Regina, Saskatchewan, was named Industrial Water Project of the Year at the annual Global Water Awards. The award recognizes the project, commissioned in 2016, that represents the most impressive technical or environmental achievement in the field of industrial water. Using GE Water & Process Technologies’ advanced […]
FINDLAY, Ohio, – Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) today closed a transaction in which MPC contributed certain terminal, pipeline and storage assets to MPLX for total consideration of $2.015 billion. The assets include 62 light-product terminals with approximately 24 million barrels of storage capacity; 11 pipeline systems consisting of 604 […]
The Canpotex Board of Directors has approved a new methodology for determining the amount of increased productive capacity resulting from such completed major mine expansions as its producers may independently decide to undertake. The aggregate productive capacities of Canpotex producers are used in determining their respective export sales entitlements through Canpotex. Until now, Canpotex producers […]
NEW YORK & AUSTRALIA- The Victorian and Australian governments and Alcoa Corporation (NYSE:AA) today announced the Portland Aluminium smelter will restart capacity that had been lost due to a December power outage. In addition, Alcoa and energy provider AGL reached an agreement related to the electricity supply for the smelter. The four-year agreements with the […]
BP and Woolworths Group (Woolworths) today announced that they have agreed to enter a strategic partnership that will include BP acquiring, rebranding and operating Woolworths’ existing 527 fuel and convenience sites across Australia, as well as an additional 16 sites currently under construction, for a total consideration of US$1.3 billion. The partnership is an exciting […]
The 171st Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Wednesday, 30th November 2016, under the Chairmanship of its President, HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar and Head of its Delegation. The Conference welcomed […]
BOSTON & HOUSTON – October 31 – GE (NYSE: GE) and Baker Hughes (NYSE: BHI) today announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. […]
CALGARY, Alberta and HOUSTON, Texas – September 6, 2016 – Enbridge Inc. (TSX, NYSE:ENB) (Enbridge) and Spectra Energy Corp (NYSE:SE) (Spectra Energy) today announced that they have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction (the “Transaction”), which values Spectra Energy common stock at […]
Kuwait City, – Kuwait’s partial deregulation of gasoline prices represents a politically and economically bold move on energy subsidy reforms, for a country where, on a per capita basis, subsidies are amongst the highest in the world. Energy subsidies in Kuwait represents a major burden on public finances in Kuwait, with estimates ranging from 1.3 […]
