Archive for the ‘Companies’ Category
Jones Energy files voluntary bankruptcy
April 16th, 2019 by Latest News
Jones Energy Inc. has filed a prepackaged plan of reorganization under Chapter 11 of the US Bankruptcy Code designed to convert to equity all its funded debt. The company said the plan will enable it to maintain operations as usual.
Concho Resources Inc. and Frontier Midstream Solutions IV LLC have agreed to form Beta Crude Connector LLC (BCC) to build and provide crude oil gathering, transportation, and storage services in the northern Midland basin. Frontier will serve as operat…
Mills to serve an interim CEO of Roan Resources
April 15th, 2019 by Latest News
Joseph A. Mills has been appointed executive chairman of Roan Resources Inc. and has assumed the duties of principal executive officer on an interim basis following the resignation of Tony Maranto as chairman, chief executive officer, and president, fo…
Marathon Petroleum Corp., through subsidiaries including Speedway LLC, agreed to acquire a 900,000-bbl capacity light product and asphalt terminal and 33 NOCO Express retail outlets in Buffalo, NY, from NOCO Inc., building on prior investments to “maxi…
Aramco unit buys stake in Hyundai Oilbank
April 15th, 2019 by Latest News
Aramco Overseas Co. BV, a subsidiary of Saudi Aramco, will purchase a 17% stake in South Korean refiner Hyundai Oilbank, supporting Aramco’s oil placement strategy by providing a dedicated outlet for Arabian crude to South Korea.
Chevron Corp. has agreed to buy Anadarko Petroleum Corp. in a cash and stock deal that values Anadarko at $50 billion and creates growth opportunities for Chevron in areas that play to its operational strengths.
Delek Group agreed to acquire 22.45% interest in Caesar Tonga oil field in the Green Canyon area of the deepwater Gulf of Mexico from Shell Offshore Inc. for $965 million, having paid a $50-million deposit, and will sign a long-term off-take agreement …
Park Place Energy renamed Trillion Energy
April 11th, 2019 by Latest News
Trillion Energy International Inc. is the new name of Park Place Energy Inc., Vancouver, BC.
Crestwood to buy Williams’ 50% interest in Powder River basin combine
April 10th, 2019 by Latest News
Crestwood Niobrara has secured operatorship of Jackalope Gas Gathering Services—aligning field operations, project management, and commercial efforts—with a $485-million deal to acquire Williams Cos. Inc.’s 50% interest in the Powder River basin joint …
Sturt becomes CEO of PetroNeft Resources
April 10th, 2019 by Latest News
David Sturt has become president of PetroNeft Resources, replacing Karl Johnson, vice-president of operations, who became interim CEO last year after a retirement.