Companies

Mattsco Sells to Former Harsco AXC Executives

On November 15, Mattsco Supply Company was acquired from the Mattox family by a group of private investors led by Eric Clower and Randy Benson.

Gulfstream Services International

Gulfstream Services International (GSI), an offshore equipment and engineered solutions provider, also has announced its continued growth with a move into new Aberdeen headquarters. The firm expanded into an 8,000-square-foot workshop with a team of 15, where it will manufacture and deliver edge equ..

MDE Group

Energy recruitment firm MDE Group of Norway announced it will consolidate its position in the North Sea through the opening of an Aberdeen office and the appointment of Zander Thornton as its first regional manager in Scotland. Thornton, a specialist in technical recruitment and energy business deve..

United Piping Dealing with Unplanned Pipeline Outages

In this Executive Q&A, Joel Bailer, vice president of Construction at Duluth, Minn.-based United Piping Inc, reflects on his career and discusses management of unplanned pipeline outages.

Pioneer Natural CEO Calls Out Permian Basin Gas Flaring

The chief executive of Pioneer Natural Resources, Scott Sheffield, called on Permian Basin producers to limit natural gas flaring and to monitor for methane leaks.

Dirty Oil Settlement Expected Between Lukoil, MOL

Russian oil producer Lukoil and Hungarian energy company MOL are reportedly set to sign a settlement deal over contaminated oil during Russian President Putin's visit to Budapest this week.

Ares Sells Interest in Meade Pipeline to NextEra Energy Partners

Ares Management is selling its 22.5% ownership in Meade Pipeline Company which includes a portion of the Central Penn Line for $286 million.

TechnipFMC to ‘De-Merge’ into Independent Companies

Less than three years after Technic merged with FMC Technologies to create a $20 billion offshore services company, London-based TechnipFMC said it will separate into two independent, publicly traded companies to focus on their respective strategies.

Elliott Pushes for Marathon Petroleum to Split Into Three

Elliott Management Corp on Wednesday urged Marathon Petroleum Corp to split into three companies, including a separate midstream company, saying it would boost shareholder value by as much as $40 billion, three years after the activist hedge fund asked the refiner to consider spinning off businesses.

Casualties in Fight over New Gas Pipelines: The Customers

Chris Miles and his partners were ready to open their new seaside barbecue joint when they got stunning news: There would be no gas to fuel the fryers, griddles and stoves. Utility National Grid halted new gas hookups after the state rejected a new pipeline.

Lawsuit: Poor information about pipeline led to fatal blast

A federal lawsuit accuses a major pipeline company based in Georgia of failing to tell work crews where a major underground pipeline was located before they ruptured the line, touching off a deadly explosion in Alabama.

SemGroup Buy Prompts Energy Transfer to Build New Pipeline

Oil and gas pipeline company Energy Transfer said Monday it would buy smaller rival SemGroup Corp for $1.35 billion and build a 75-mile oil pipeline to strengthen its oil transportation, terminaling and export operations.

Oxy May Keep Some Western Midstream Ops: Morgan Stanley

A month after acquiring Anadarko, Occidental Petroleum is targeting $10-15 billion in asset sales but might accomplish this without divesting all of Western Midstream's operations.

NiSource Settles Mass. Gas Explosion Lawsuits for $143 Million

Utility operator NiSource agreed to pay $143 million to settle class action lawsuits related to a series of gas explosions in three suburban Boston communities last year.

MEG Energy Opposes Proposed Enbridge Pipeline Changes

Oil sands producer MEG Energy has written to Canada's energy regulator to oppose pipeline company Enbridge Inc's plan to introduce long-term fixed volume contracts on its Mainline system.

Gazprom Signals Tough Talks with Ukraine on Gas Transit to EU

Alexei Miller, the head of Russian gas giant Gazprom, on Friday warned of difficult talks with Ukraine on gas transit to Europe once the current deal expires at the end of the year.

UGI Completes $1.28B Columbia Midstream Acquisition

Energy distributor UGI Corporation said its Energy Services subsidiary has completed an acquisition of equity interests of Columbia Midstream Group from TC Energy for $1.275 billion.

Boskalis to Manage Seabed, Shore Crossing for Scarborough Pipeline

Papendrecht, Netherlands-based Royal Boskalis Westminster said it has been awarded a contract valued at $162 million (145 million euros) for seabed intervention and shore-crossing activities for the proposed Scarborough export gas pipeline in northwestern Australia.

Russia's Transneft, Oil Firms Clash over Pipeline System Clean-Up

Major Russian oil companies have challenged a plan by Transneft that aims to resolve a problem of tainted oil stuck in Russia's pipeline and storage system by diluting it with clean crude, four company sources said on Wednesday.

CorteCros

CorteCros has expanded its warehouse location in Split, Croatia, with a new manufacturing and laboratory at the site.  Cortec’s proprietary VpCI/MCI corrosion control technologies are now manufactured at the facility in accordance with the REACH regulation, enabling fast shipment to any location wit..

Airborne Oil & Gas

Oilfield technology firm Airborne Oil & Gas and engineering company Simeros Technologies announced a collaboration agreement to deliver the first qualified Thermoplastic Composite Pipe (TCP) Risers in deepwater Brazil. Airborne Oil & Gas commenced its TCP riser qualification program last year...

Hyundai Construction Equipment Americas

Hyundai Construction Equipment Americas has added Correlli Inc. of Dundalk, Md., to its authorized dealer network.  Hyundai said its North American network now includes more than 70 dealerships operating in more than 150 locations...

ICR Integrity

Integrated maintenance and integrity solutions provider ICR Integrity has acquired Sky-Futures Partners, which specializes in drone-based inspections and drone pilot training for the energy sector...

NDT Global

NDT Global has relocated its United Kingdom offices in Aberdeen to a more centralized hub.  The new offices are located in the heart of Aberdeen at Marischal Square, offering improved access and amenities for visiting regional customers...

Enterprise Announces Expansion Projects at Houston Ship Channel

Enterprise Products Partners announced three additional expansion projects that will increase its capacity to load crude oil, LPG, and polymer grade propylene (PGP) from its Enterprise Hydrocarbon Terminal on the Houston Ship Channel

Archrock Acquires Elite Compression for $410 Million

Archrock has agreed to acquire the assets of Elite Compression Services in a $410 million cash and stock deal that adds 430,000 of predominately large-horsepower compression assets to its current 3.5 million-horsepower operations.

Williams

Williams has sold its 50% interest in Jackalope Gas Gathering Services to an affiliate of Crestwood Equity Partners for $484.6 million. Prior to the transaction, Crestwood was marketer and Williams was operator for the 50-50 joint venture. Crestwood has assumed operatorship of Jackalope. P&GJ..

Equitrans

Equitrans Midstream Corporation and EQM Midstream Partners acquired a 60% interest in Eureka Midstream Holdings and 100% interest in Hornet Midstream Holdings in a transaction valued at $1.03 billion. P&GJ..

ConocoPhillips

ConocoPhillips has completed the sale of its 30% interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustments. The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise Fields, are located in the Timor Sea. ..

Pin Oak

Pin Oak Energy Partners increased its acreage position across the Appalachian Basin to 167,000 net deep acres with the acquisition of 43,000 acres in the Utica Basin from Shell subsidiary SWEPI LP. P&GJ..