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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    Cooper Basin JV to undertake seismic in South Australia licenses

    Oct 20, 2014

    Tellus Resources Ltd. (TLU) has provided an update on its Cooper Basin joint venture with Senex Energy Ltd. TLU’s Cooper Basin exploration interests have now been converted to three petroleum retention licenses in South Australia: PRL 108, 109, and 110.

    Eagle Materials to acquire CRS Proppants

    Oct 20, 2014

    Eagle Materials Inc. has entered into a definitive agreement to acquire CRS Proppants LLC and its subsidiaries, including Great Northern Sand LLC (CRS Proppants), a supplier of northern-white frac sand to the energy industry, for $225 million.

    Enterprise extends open season for proposed Bakken-to-Cushing pipeline

    Oct 20, 2014

    Enterprise Products Partners LP reports that the binding open commitment period to determine shipper demand for capacity on a proposed new crude oil pipeline from the Williston Basin of North Dakota to the Cushing hub in Oklahoma has been extended until 5 p.m. CST, Nov. 14.

    Enterprise Products Partners’ assets include 52,000 miles of onshore and offshore pipelines; 200 million barrels of storage capacity for NGLs, crude oil, refined products, and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

    Shale oil production from Bakken, Eagle Ford up 2.1% in September

    Oct 20, 2014

    Oil production from shale formations in North Dakota and Texas increased by 55,000 barrels per day (b/d) or 2.1% in September, according to Bentek Energy, an analytics and forecasting unit of Platts.  

    Tesoro Logistics acquires QEP Field Services

    Oct 20, 2014

    Tesoro Logistics LP has executed a definitive agreement to acquire QEP Resources Inc.'s wholly owned natural gas gathering and processing business, QEP Field Services LLC, including its 58% partnership interest in QEP Midstream Partners LP.

    TDW uses isolation technology to facilitate GOM pipeline flow reversal

    Oct 20, 2014

    T. D. Williamson (TDW), a global pipeline service provider, recently performed a complex pipeline intervention to facilitate reversal of flow of a 300-mile pipeline along the US Gulf Coast for a major operator.

    Tall Oak subsidiary secures $100 million credit facility

    Oct 17, 2014

    Tall Oak Midstream LLC reports that its subsidiary, TOMPC LLC, has secured a $100 million senior credit facility that can be expanded to $150 million.

    Southwestern Energy acquires Marcellus and Utica assets

    Oct 17, 2014

    Southwestern Energy Co. has signed a purchase and sale agreement with Chesapeake Energy Corp. to acquire certain oil and gas assets covering  413,000 net acres in West Virginia and southwest Pennsylvania targeting natural gas, natural gas liquids, and crude oil contained in the Upper Devonian, Marcellus, and Utica shale plays for $5.375 billion. The transaction is expected to close by year’s end.

    Medallion begins operations of Permian crude oil system

    Oct 16, 2014

    Medallion Pipeline Co. LLC, a subsidiary of Medallion Midstream LLC, has begun operations of 97 miles of its Midland Basin crude oil gathering and transportation system.

    EV Energy Partners closes Eagle Ford formation rights divestiture

    Oct 16, 2014

    EV Energy Partners LP reports that the company, along with certain institutional partnerships managed by EnerVest Ltd., has closed the sale of certain deep rights in the Eagle Ford formation in Burleson, Brazos, and Grimes counties, Texas, to an undisclosed buyer. Net proceeds to EVEP are $30.6 million.

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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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