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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    Argentine Congress passes law to attract oil investment

    Oct 31, 2014

    Argentina's Congress has passed a law revamping energy investment regulations, the latest step by President Cristina Fernandez to lure foreign companies into the country's shale sector, including its vast but largely undeveloped Vaca Muerta shale oil and gas deposits, according to a Reuters report.

    Rover pipeline now fully subscribed

    Oct 31, 2014

    Energy Transfer Partners LP has secured additional long-term binding shipper agreements on its Rover natural gas pipeline project to connect Marcellus and Utica shale supplies to markets in the Midwest, Great Lakes, and Gulf Coast regions of the US and Canada.

    ONEOK completes more than $500M in capital-growth projects

    Oct 31, 2014

    ONEOK Partners LP has completed more than $500 million in capital-growth projects, including the Garden Creek III natural gas processing facility, the Bakken NGL Pipeline expansion, and the Niobrara NGL Lateral Pipeline.

    Mexco Energy buys oil and gas properties

    Oct 31, 2014

    Mexco Energy Corp. has purchased various royalty interests at a price of $1,000,000 covering 1,800 wells in 27 counties of Texas.

    Open season for Saddlehorn Pipeline continues through Nov. 6

    Oct 30, 2014

    Magellan Midstream Partners LP and Saddle Butte Pipeline II LLC have entered into a letter of intent to jointly pursue the proposed Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara shale to Magellan's storage facilities in Cushing, Oklahoma.

    AEPB to offer $800M of exchangeable subordinated notes

    Oct 30, 2014

    American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, says that its affiliate, American Energy Permian Holdings LLC, intends to offer $800 million of exchangeable junior subordinated notes due 2022 in an unregistered offering to institutional investors.

    Re-election of Rousseff hampers Brazil’s oil and gas sector

    Oct 29, 2014

    Frost & Sullivan Energy & Environment Research Analyst Maria Benintende comments on how the re-election of President Dilma Rousseff in Brazil will affect the Brazilian energy markets.

    ETE, ETP, Phillips 66 become JV partners to build Bakken pipelines

    Oct 29, 2014

    Energy Transfer Equity LP, Energy Transfer Partners LP (collectively, “Energy Transfer”), and Phillips 66 have formed two joint ventures to develop the Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline projects.

    KKR partners to develop East Texas Eaglebine

    Oct 29, 2014

    KKR has become a non-operated working interest partner with Anadarko Petroleum Corp. in the development of Anadarko’s acreage in the Eaglebine play located primarily in Brazos, Burleson, and Robertson counties, Texas.

    AEPB provides acquisitions update

    Oct 29, 2014

    American Energy – Permian Basin LLC (AEPB), an affiliate of American Energy Partners LP (AELP), reports that, since July 31, it has completed or entered into definitive agreements with multiple parties to acquire net production of 1,400 barrels of oil equivalent (boe) per day and 27,000 net acres of leasehold in the Wolfcamp shale play in the central Midland Basin. 

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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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