All Petroleum News

NiSource committed to infrastructure modernization

NiSource was recently recognized by US Secretary of Transportation Ray LaHood and Pittsburgh Mayor Luke Ravenstahl for its ongoing investment in pipeline infrastr...

InterMoor beats mooring depth record for Brazil

As part of a one-year project to provide mooring and positioning support operations for Shell do Brasil, InterMoor do Brasil Ltda (InterMoor), an Acteon company, ...

Prudential Capital expands financing capabilities with Dallas group

Prudential Capital Group has created the Dallas-based Energy Finance Group to provide expanded financing capabilities to the energy sectors of oil and gas, utilit...

Volcker Rule pushed back until at least 2014

The largest US banks will have until July 21, 2014 to fully conform to the Volcker Rule, which is regulation aimed at restricting speculative trading by banks wit...

Kvaerner awarded major onshore contract for Shell

Kvaerner has received a letter of award from A/S Norske Shell for Engineering, Procurement, Construction and Management for modifications and projects at the Orme...

Scotiabank closes deal to acquire Howard Weil Inc

Toronto-based Scotiabank said April 18 that it has closed the acquisition by Scotia Capital Inc. of Howard Weil Incorporated, a US energy investment boutique with...

Pricey crude supports oil industry stability

High oil prices continue to support stable credit quality for US exploration and production (E&P) companies this year, according to Standard & Poor’s.

Magnum Hunter Resources to acquire Williston Basin properties

Magnum Hunter Resources Corp. announced today that its wholly-owned subsidiary, Bakken  Hunter, LLC, has entered into a definitive purchase agreement to acqu...

Capstone to supply Eagle Ford producers with 30 more microturbines

Capstone Turbine Corp. has received orders for 30 additional C65 microturbines from producers in the Eagle Ford shale play.

Aqua-Chem names two execs to finance, engineering posts

Knoxville, Tenn.-based Aqua-Chem, Inc. has named Thomas Gillcrist as CFO and Ron Shook as pharmaceutical applications engineer. They will report directly to David...