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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    BridgeTex Pipeline begins service from Permian to Gulf Coast

    Sep 30, 2014

    Magellan Midstream Partners LP and Occidental Petroleum Corp. report that BridgeTex Pipeline began commercial service on Sept. 29, delivering crude oil from West Texas to the Houston Gulf Coast area.

    AELP hires Reinhart as COO of AEU and AEM

    Sep 30, 2014

    American Energy Partners LP (AELP) has hired John K. Reinhart as the COO for its affiliates American Energy – Utica LLC (AEU) and American Energy – Marcellus LLC (AEM). 

    Encana acquires Athlon Energy for $7.1B

    Sep 29, 2014

    Encana Corp. and Athlon Energy Inc. have entered into a definitive merger agreement. Encana will acquire all of the issued and outstanding shares of common stock of Texas-based Athlon for $5.93 billion in cash, as well as the company’s $1.15 billion of senior notes, for a total transaction value of approximately US$7.1 billion.

    NiSource to form NG pipeline, midstream and storage MLP

    Sep 29, 2014

    NiSource Inc. plans to file a registration statement for an initial public offering of common units representing limited partner interests in a new master limited partnership to be named Columbia Pipeline Partners LP.

    Statoil postpones Corner oil sands project

    Sep 26, 2014

    Statoil has decided to postpone its previously planned Corner field development at the Kai Kos Dehseh oil sands project in Alberta, Canada, for at least three years.

    Tallgrass Pony Express plans pipeline system expansion

    Sep 26, 2014

    Tallgrass Pony Express Pipeline LLC is pursuing a potential expansion of its crude oil pipeline system to transport growing production in areas around its existing system receipt points.

    Pioneer closes sale of Barnett shale assets

    Sep 26, 2014

    Pioneer Natural Resources Co. has closed the sale of its Barnett shale assets in North Texas to an undisclosed private party for cash proceeds of $155 million. The transaction has an effective date of Aug. 1.

    Bravo acquires Arkoma Basin assets for $250M

    Sep 26, 2014

    Bravo Natural Resources LLC has entered into a purchase and sale agreement with Canaan Natural Gas PE Funds. Bravo will acquire producing and gathering assets in the Arkoma Basin of southeast Oklahoma for an all-cash consideration of $250 million.  

    Vantage postpones IPO

    Sep 25, 2014

    Vantage Energy Inc., which focuses on the Marcellus and Barnett shale plays, has postponed its previously announced initial public offering.

    Macoma Capital invests in Bakken formation

    Sep 25, 2014

    Macoma Capital Group, a New York-based investment firm, has made its largest investment in an energy company focused on the acquisition, exploration, and development of oil and gas properties in the Williston Basin, one of the premier shale plays in the Bakken.

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    INTERNATIONAL UPSTREAM

    Carnarvon to explore two permits in Barrow sub-basin

    Jun 5, 2014

    Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

    Report predicts surge in world subsea expenditure

    Jun 5, 2014

    Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

    Hitachi Solutions Canada to unveil JV solution for oil and gas industry

    Jun 4, 2014

    Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

    Primoris wins underground contract work valued at over $10 M

    Jun 2, 2014

    Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.

    NORTH AMERICA UPSTREAM

    Alpha Crude Connector to conduct open season

    Jun 2, 2014 Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in ...

    MicroSeismic names Foster as president and CEO

    May 30, 2014

    MicroSeismic Inc. has appointed Jeff Foster as the company’s president and CEO. Founder of the company and past CEO, Peter M. Duncan, will continue with MicroSeismic as co-chairman.

    KMP to expand carbon-dioxide infrastructure

    May 8, 2014

    Kinder Morgan Energy Partners LP is set to invest $671 million to grow its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

    TPC Group expands polyisobutylene capacity

    May 1, 2014

    TPC Group, a provider of C4 based products and services, has achieved a milestone in its comprehensive expansion program to increase polyisobutylene capacity.

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