December 2015

Chevron, China Huadian sign agreement for long term LNG supply

News

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 […]

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Enterprise Products completes final phase of LPG export terminal expansion

News

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

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Range Resources closes Nora asset sale for $865 million

Energy Financial

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

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WPX sells San Juan gathering system to focus on Permian Basin

Energy Financial

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

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

News

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

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

News

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

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