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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    Porter Hedges opens offices in Oklahoma City

    Oct 23, 2014

    Porter Hedges LLP has expanded its energy practice with the opening of a new office in Oklahoma City, Oklahoma, led by partner C. Ray Lees.

    Aqua Terra expands into Permian Basin

    Oct 23, 2014

    Aqua Terra Water Management LP has acquired two saltwater disposal facilities operated by Texas SWD Co Inc. and a permit for a saltwater disposal facility from Coronado Minerals LLC. Terms of the acquisitions were not disclosed.

    Juneau Energy acquires acreage in Houston and Leon counties, Texas

    Oct 23, 2014

    Juneau Energy LLC, a subsidiary of Leucadia National Corp., has completed the acquisition of oil and gas properties in East Texas, consisting of approximately 20,800 net acres primarily in Houston and Leon counties.

    Wood Mackenzie: The US will achieve energy independence by 2025

    Oct 23, 2014

    The US will achieve energy independence by 2025, which will mark the first time since 1952 that the US will export more energy than it imports, according to an integrated outlook by Wood Mackenzie’s Global Trends Service.

    EnLink Midstream LLC drops down E2 entities to Enlink Midstream Partners LP

    Oct 22, 2014

    EnLink Midstream Partners LP has acquired equity interests in E2 Appalachian Compression LLC and E2 Energy Services LLC from EnLink Midstream LLC for total consideration of $193 million, including a cash payment of $163 million and approximately 1.0 million ENLK units.

    Magellan extends open season for proposed Saddlehorn pipeline

    Oct 22, 2014

    Magellan Midstream Partners LP has extended the open season for commitments on the proposed Saddlehorn pipeline to transport various grades of crude oil from the Niobrara shale to the partnership's storage facilities in Cushing, Oklahoma.

    Crestwood concludes non-binding open season for MARC II pipeline

    Oct 21, 2014

    Crestwood Midstream Partners LP reports that its subsidiary, Central New York Oil & Gas Co. LLC (CNYOG), which owns the North-South and MARC I pipelines and the Stagecoach storage facility, has concluded a non-binding open season to solicit interest for firm transportation of natural gas on a proposed new 30-mile pipeline extending CNYOG’s system to the proposed PennEast pipeline, a new interconnect on Transco’s Leidy Line, and Transco’s proposed Atlantic Sunrise expansion project in Luzerne County, Pennsylvania.

    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.

     

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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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