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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    Goodrich Petroleum sells Eagle Ford assets

    Jul 27, 2015

    Goodrich Petroleum Corp. has agreed to sell its proved Eagle Ford reserves and associated leasehold in LaSalle and Frio Counties, TX, for $118 million to an undisclosed buyer.

    EQT to construct header pipeline for Range Resources

    Jul 24, 2015

    EQT Midstream Partners LP has entered into a definitive agreement with Range Resources – Appalachia LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development.

    Black Ridge forms equity JV with Merced Capital

    Jul 24, 2015

    Black Ridge Oil & Gas Inc. has signed a definitive agreement with Merced Capital to form an entity that will acquire and develop Williston Basin non-operated assets. 

    CB&I secures oil sands maintenance contract

    Jul 24, 2015

    CB&I has been awarded a contract for approximately $60 million by a major energy company to provide maintenance services for three separate oil sands facilities in Alberta, Canada.

    Far East Energy engages Whitley Penn, further extends term loan facility

    Jul 23, 2015

    Far East Energy Corp., which operates the Shouyang coalbed bethane (CBM) production sharing contract (Shouyang PSC) in Shanxi Province, People's Republic of China, has entered into an engagement letter with its independent registered accounting firm, Whitley Penn LLP, to conduct an audit of the company's 2014 financial results.

    Fairway Energy Partners to construct Houston crude oil storage facility

    Jul 23, 2015

    Fairway Energy Partners LLC has closed a private equity offering, the net proceeds of which will be used to fund the construction of the first phase of the Pierce Junction crude oil storage facility.

    UET sells Pawnee Crude Terminal to Arc Logistics Partners

    Jul 23, 2015

    United Energy Trading LLC (UET), together with Hawkeye Midstream LLC, has sold 100% of its subsidiary, UET Midstream LLC (Midstream), to ARC Terminals Holdings LLC, a wholly owned subsidiary of ARC Logistics Partners LP (ARCX), for a total adjusted sales price of $76.6 million consisting of both cash and ARCX common units.

    San Leon Energy reduces Polish licenses

    Jul 21, 2015

    San Leon Energy is reducing its Polish licenses in order to secure near-term operational cash flow and focus on long-range goals.

    Five Point commits $75M to EVX Midstream Partners

    Jul 21, 2015

    Five Point Capital Partners LLC has made a $75 equity commitment from Five Point Capital Midstream Fund II LP to the newly formed EVX Midstream Partners.

    Noble closes acquisition of Rosetta Resources

    Jul 21, 2015

    Noble Energy Inc. closed its acquisition of Rosetta Resources Inc. on July 20, after Rosetta stockholders approved the merger. 

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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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