Archive for the ‘Companies’ Category
Phillips 66 forms crude oil pipeline JVs
June 10th, 2019 by Latest News
Phillips 66 has formed two separate 50-50 joint ventures to build pipelines that will transport crude oil from the Rockies and Bakken production areas to Cushing, Okla. and from Cushing and the Permian basin in West Texas to the Gulf Coast.
Devon Energy Corp., Oklahoma City, has set a methane-intensity rate target for its US oil and natural gas production operations of 0.28% or lower by 2025. In 2018, Devon’s methane-intensity rate was estimated at 0.32%, which is pending US Environmental…
Hartree Cardinal Gas, a subsidiary of Hartree Bulk Storage, has agreed to acquire from Martin Midstream Partners its membership interests in Arcadia Gas Storage, Cadeville Gas Storage, Monroe Gas Storage, and Perryville Gas Storage for $215 million in …
Comstock to acquire Covey Park for $2.2 billion
June 10th, 2019 by Latest News
Comstock Resources has agreed to acquire privately held, Haynesville-focused Covey Park Energy in a $2.2-billion cash and stock deal. The deal, which includes the assumption of Covey Park’s outstanding debt and the retirement of its $1.1 billion in exi…
Court rule allows Petrobras gas line sale
June 7th, 2019 by Latest News
A June 6 ruling by Brazil’s Supreme Court allows Petrobras to proceed with its $8.6 billion sale of a 90% interest in the Transportadora Associada de Gas SA natural gas pipeline to a combine of Engie and Caisse de Depot et Placement du Quebec.
CNOOC subsidiary due 10% interest in Arctic LNG 2
June 7th, 2019 by Latest News
CNOOC Ltd. and its subsidiary CEPR Ltd. have signed an agreement with Novatek and Ekropromstroy LLC, a wholly-owned subsidiary of JSC Novatek, to acquire a 10% equity interest in Arctic LNG 2 LLC.
PGNiG to buy Total’s King Lear interest
June 7th, 2019 by Latest News
PGNiG Upstream Norway said it will acquire Total E&P Norge’s 22.2% interest in King Lear gas and condensate field under development in the Ekofisk area of the Norwegian North Sea.
Iacono named interim CEO of CruzSur Energy
June 6th, 2019 by Latest News
Serafino Iacono has been named interim chief executive officer of CruzSur Energy Corp., Vancouver, BC, after the resignations of several top company executives.
Daches named interim Lilis Energy CEO
June 6th, 2019 by Latest News
Joe Daches, president and chief financial officer of Lilis Energy Inc., Houston, has been named interim chief executive officer following announcement of the retirement of Chairman and CEO Ron Ormand.
Gazprom, Shell forming Russian venture
June 6th, 2019 by Latest News
Gazprom Neft and Royal Dutch Shell PLC have agreed to form a joint venture for development of oil and gas fields in the Yamalo-Nenets Autonomous Okrug of northwestern Russia.