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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    New York bans hydraulic fracturing following health report

    Dec 18, 2014

    The New York State Department of Health has completed its public health review of high-volume hydraulic fracturing and Acting DOH Commissioner Dr. Howard Zucker recommended that high-volume hydraulic fracturing should not move forward in New York state.

    Sabine and Forest Oil complete all-stock business combination

    Dec 18, 2014

    Sabine Oil & Gas LLC and Forest Oil Corp. have closed their all-stock business combination on a revised basis. The combined entity intends to change its name to Sabine Oil & Gas Corp., and will be headquartered in Houston, Texas.

     

    Petrox shareholders approve proposed amalgamation

    Dec 17, 2014

    Petrox Resources Corp. reports that its shareholders have approved the proposed amalgamation transaction with Shanghai Sinooil Energy Holding Corp.

    Oilfield Service Briefs

    Dec 17, 2014

    Oil and gas services

    Dec 17, 2014

    Gaining the upper hand when purchasing transportation and storage services

    Lucas Energy granted NYSE MKT compliance plan extension

    Dec 17, 2014

    Lucas Energy Inc. reports that the NYSE MKT notified the company that it has been granted an extension until Jan. 31, 2015, to regain compliance with the NYSE MKT continued listing standards.

    WadeCo Specialties acquires Select Chemicals

    Dec 17, 2014

    WadeCo Specialties Inc., a specialty chemical provider focused on production chemicals and services for the oil and gas industry, has acquired Select Chemicals Ltd. WadeCo is a portfolio company of Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy services and equipment businesses.

    Enterprise begins open season for proposed pipeline expansion

    Dec 16, 2014

    Enterprise Products Partners LP has begun a binding open season to seek shipper support for a proposed expansion of the portion of its Panola Pipeline Co. LLC natural gas liquids (NGL) system between Carthage, Texas, and Mont Belvieu, Texas.

    Medallion closes binding open season for crude oil pipeline expansion

    Dec 16, 2014

    Medallion Pipeline Co. LLC, a subsidiary of Medallion Midstream LLC, has closed the binding open season for its proposed crude oil pipeline extension, as well as for the capacity expansion of its existing Wolfcamp Connector pipeline.

    Magellan Midstream extends open season for Saddlehorn Pipeline

    Dec 16, 2014

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

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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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