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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    INDUSTRY BRIEFS

    Nov 20, 2014

    Lone Star JV to construct NGL pipeline from Permian Basin to Mont Belvieu

    Nov 18, 2014

    Energy Transfer Partners LP and Regency Energy Partners LP report that their joint venture, Lone Star NGL LLC, will construct a 533-mile, 24-inch and 30-inch natural gas liquids (NGL) pipeline from the Permian Basin to Mont Belvieu, Texas, and convert Lone Star’s existing West Texas 12-inch NGL pipeline into crude oil/condensate service.

    Magnum Oil Tools develops dissolvable frac plug

    Nov 18, 2014

    Magnum Oil Tools International has released the industry’s first dissolvable frac plug, the Magnum Vanishing Plug (MVP). The MVP dissolves with the presence of temperature at a predictable rate, allowing the opportunity to substantially reduce the risk and costs associated with well intervention.

    NCS Energy Services changes name to NCS Multistage

    Nov 18, 2014

    NCS Energy Services has changed its name to NCS Multistage. Robert Nipper, NCS Multistage CEO, said the new name reflects the company's focus.

    New Gulf Resources adds to management team

    Nov 18, 2014

    New Gulf Resources LLC has hired Craig Young as its vice president of drilling and completions. 

    Mid-Con Energy closes Eastern Shelf acquisition, increases borrowing base

    Nov 18, 2014

    Mid-Con Energy Partners LP has closed its acquisition in the Eastern Shelf of the Permian Basin for $120 million. The company has also  increased its borrowing base to $240 million, up 26% from the $190 million in previously established commitments.

    Shale deals drive strong US market, up 9% in Q3 as international M&A struggles

    Nov 17, 2014

    PLS reports that Q3 2014 global deal activity lost the gains made the previous quarter, dropping 32% to $39.2 billion from $57.6 billion in Q2.

    Eastern gas basis: pipeline pain or gain?

    Nov 17, 2014

    TAKEAWAY CAPACITY ADDITIONS AND THEIR IMPACT ON BASIS PRICES

    North American shale update

    Nov 17, 2014

    Production set to reach 15 MMboe/d in 2015

    NET Midstream constructs NET Mexico Pipeline ahead of schedule

    Nov 17, 2014

    NET Midstream reports that its affiliate, NET Mexico Pipeline Partners LLC, has completed construction of its 120-mile, 42-inch and 48-inch Texas intrastate pipeline ahead of its scheduled in-service date of Dec. 1.

    Commodity Indices

    Market Indices

    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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