Archive for the ‘Oil & Gas Journal’ Category
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 …
Partners reach FID on Whistler gas pipeline
June 10th, 2019 by Latest News
MPLX, First Infrastructure Capital-backed WhiteWater Midstream, and a joint venture of Stonepeak Infrastructure Partners and West Texas Gas have reached a final investment decision to move forward with the design and construction of Whistler Pipeline w…
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…
Duqm Refinery & Petrochemical Industries, a joint venture of state-owned Oman Oil and Kuwait Petroleum subsidiary Kuwait Petroleum International, has let a contract to John Wood Group to provide front-end engineering design for a proposed onshore p…
MARKET: Oil prices gain for two trading sessions
June 10th, 2019 by Latest News
Light, sweet crude oil on the New York market and Brent crude oil prices in London gained for a second consecutive trading session June 7. Each of the two oil benchmarks rallied to settle more than $1/bbl higher compared with the previous settlement.
Denunciation of Iran after emergency meetings in Mecca of the Gulf Cooperation Council, Organization of Islamic Cooperation, and Arab League obscured hints of hope for relations between Qatar and four countries blockading it. Saudi King Salman called t…
Total’s Leuna refinery operating at reduced rates
June 10th, 2019 by Latest News
Total SA subsidiary Total Raffinerie Mitteldeutschland GMBH has halted operations of some units at its 241,000-b/d Leuna refinery in Germany following contamination issues resulting from supplies of Russian crude oil volumes.
Bitumen feed delayed for Alberta refinery
June 10th, 2019 by Latest News
North West Redwater Partnership (NWRP) has delayed introduction of bitumen feed from Alberta’s oil sands at the first 80,000-b/d phase of its proposed three-phased greenfield bitumen refinery in Sturgeon County, about 45 km northeast of Edmonton, Alta….
Delek to expand midstream operations
June 10th, 2019 by Latest News
Delek US Holdings Inc. and its logistics arm Delek Logistics Partners LP are expanding midstream operations to gain access to crude oil feedstock sourced at Cushing, Okla., as part of a plan to increase and improve crude flexibility at Delek US refiner…
Santos joins P’nyang group in Papua New Guinea
June 10th, 2019 by Latest News
Santos Ltd., Adelaide, reported it intends to acquire a 14.3% interest (pre-government back-in) in petroleum retention licence PRL3 in the western highlands of Papua New Guinea. The licence contains P’nyang natural gas field.