Archive for December, 2015

Chevron, China Huadian sign agreement for long term LNG supply

Chevron, China Huadian sign agreement for long term LNG supply

Chevron’s equity gas from Australia well-placed to meet growing demand for natural gas in Asia-Pacific region SAN RAMON, Calif. – Chevron Corp. has announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. “This is an important […]

By December 31, 2015 0 Comments Read More →
US rig count down by two, Canadian rig count down 43: Baker Hughes

US rig count down by two, Canadian rig count down 43: Baker Hughes

Rig count by Baker Hughes HOUSTON _ While rig counts in the United States only dropped by two this past week, the rig count in Canada is down significantly, ending the week with 43 less rigs exploring for oil and natural gas. Oil services company Baker Hughes reports that in the US, the rig count is now […]

By December 31, 2015 0 Comments Read More →
Enterprise Products completes final phase of LPG export terminal expansion

Enterprise Products completes final phase of LPG export terminal expansion

LPG terminal expansion is among $7.8 billion capex Enterprise expects to complete by end of 2017 HOUSTON, Texas – Enterprise Products Partners L.P.  has announced that it has increased the loading rate at its LPG, or liquefied petroleum  export terminal on the Houston Ship Channel from 16,500 barrels per hour  to approximately 27,500 BPH of capacity. The […]

By December 31, 2015 0 Comments Read More →
Montana coal mine layoffs off workers, slashes production

Montana coal mine layoffs off workers, slashes production

Montana coal mine cuts 66 jobs BILLINGS, Mont. _ A Montana coal mine cut 66 jobs and is slashing production amid an industrywide slowdown that’s starting to affect the largest coal-producing region of the United States. Signal Peak Energy announced Wednesday that 58 employees had been laid off and eight vacant positions eliminated at its […]

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Range Resources closes Nora asset sale for $865 million

Range Resources closes Nora asset sale for $865 million

Range Resources revolving credit facility remains unchanged at $3 billion Fort Worth, Texas-based Range Resources Corporation today announced that it has completed the sale of its Nora assets in southwestern Virginia for $865 million. After purchase price adjustments based upon a November 1st effective date, Range will include the Nora operations for the full fourth quarter of […]

By December 31, 2015 0 Comments Read More →
WPX sells San Juan gathering system to focus on Permian Basin

WPX sells San Juan gathering system to focus on Permian Basin

Sales part of WPX deleveraging plan following acquisition of Permian Basin properties in August TULSA, Okla. – WPX Energy says it is selling its San Juan Basin gathering system for approximately $309 million to a portfolio company of ISQ Global Infrastructure Fund, a fund managed by I Squared Capital. WPX is receiving $285 million cash subject […]

By December 31, 2015 0 Comments Read More →
ConocoPhillips exports first load of crude oil after 40-year old ban lifted

ConocoPhillips exports first load of crude oil after 40-year old ban lifted

NuStar building second private dock in the Port of Corpus Christi to export Eagle Ford Shale crude oil SAN ANTONIO, Texas –  ConocoPhillips and NuStar Energy have announced they are loading the nation’s first export cargo of US-produced light crude oil since the 40-year-old ban was lifted on December 18. ConocoPhillips committed to sell Eagle Ford light crude […]

By December 31, 2015 1 Comments Read More →
North Sea oil platforms evacuated as drifting barge nears in rough seas

North Sea oil platforms evacuated as drifting barge nears in rough seas

150 people evacuated from North Sea oil platforms STOCKHOLM _ Norwegian rescuers say a potential disaster was narrowly avoided Thursday as an unmanned barge drifted past a North Sea oil field where it had been at risk of colliding with offshore platforms. BP had evacuated 150 people from installations in the Valhall field as the […]

By December 31, 2015 0 Comments Read More →
Statoil rig hit by heavy wave in North Sea, three injured

Statoil rig hit by heavy wave in North Sea, three injured

Statoil rig evacuated, down to safety crew UPDATE: Statoil reports one worker was killed and two were injured when a big wave slammed into a drilling rig in the Troll field, also in the North Sea. Statoil and COSL mobilized their emergency response organizations after three people were injured when a heavy wave hit a drilling rig […]

By December 30, 2015 0 Comments Read More →
API, business coalition files lawsuit against EPA’s new ozone standards

API, business coalition files lawsuit against EPA’s new ozone standards

API says new restrictions on business, investment could impact job growth in 958 counties across the US API and a coalition of concerned business groups filed a lawsuit last week against EPA’s unnecessary and costly tightening of ozone NAAQS standards, according to API Vice President and General Counsel Stacy Linden. “Our nation’s air has been getting […]

By December 30, 2015 0 Comments Read More →