Companies
Suncor CEO: Pipeline Bottlenecks Won't Constrain Company's Growth
Suncor CEO Steve Williams said the company's current growth plan is not constrained by pipeline bottlenecks, but does not expect to make any further major investments in Canada's oil sands until market access improves.
Marathon to Buy Andeavor for $23 Billion
Marathon Petroleum is acquiring Andeavor for more than $23 billion, creating a refiner with an extensive reach across the U.S.
Gulf Publishing Rebrands to Gulf Energy Information
Gulf Publishing Company, a leading provider of media, marketing and market intelligence services, has announced the business’ transition to Gulf Energy Information.
Chevron Evacuates Venezuela Executives Following Staff Arrests
Chevron evacuates executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA.
PART 2: Entegra Solutions President – Racing and ILI an Odd Companion
In part 2 of an interview with Mark Olson, founder of Integra Solutions, he explains how the inline inspection industry has changed since he first launched the company.
EQT Corporation
EQT Corporation will separate its upstream and midstream businesses to create an independent, publicly traded midstream company.
Magellan Midstream Partners and Intercontinental Exchange
Magellan Midstream Partners and Intercontinental Exchange (ICE) launched a new auction for a portion of multi-month Permian WTI storage capacity at Magellan’s East Houston Terminal.
Avangrid Renewables Holdings, Amphora Gas Storage USA and Castleton Commodities
Avangrid Renewables Holdings has agreed to sell its Enstor Gas storage business to Amphora Gas Storage USA. The sale includes natural gas storage facilities owned and operated by Enstor in the U.S. Gulf Coast and Southwest regions with a total capacity of 88.5 Bcf and a net working gas storage capacity of 67.5 Bcf. The deal does not include the Enstor gas trading business, which Avangrid agreed to sell to Castleton Commodities in an unrelated transaction that closed last month.
Noble Midstream Partners
Noble Midstream Partners sets a 2018 capital budget of up to $535 million with a focus on growth projects in the DJ and Delaware basins.
ExxonMobil
ExxonMobil is providing $1 million for the humanitarian relief effort in Papua New Guinea to assist communities affected by a powerful earthquake and aftershocks in the country’s Highlands area.
Total, NOVA Chemicals, and Borealis
French oil major Total, Canada’s NOVA Chemicals and Austria’s Borealis signed definitive agreements to form a joint venture to build a steam cracker and polyethylene plant on the Texas coast. Total will own half of the venture, while a joint venture of NOVA and Borealis, Novealis Holdings, will own the other half.
Praxair
Industrial gas company Praxair was named a 2018 World’s Most Ethical Company by the Ethisphere Institute for the second straight year.
American Petroleum Institute
After 10 years, API President and CEO Jack Gerard said he will step down when his current contract ends in August. Until then, he will continue to direct the association’s work and assist in the search for a new CEO. Since Gerard joined API in 2008, membership grew by almost 50% and added members f..
Northwoods Energy
Northwoods Energy has agreed to buy SM Energy’s core Powder River Basin assets. The acquisition is comprised of over 112,200 predominantly contiguous net acres of leasehold in Converse, Campbell, and Johnson counties in Wyoming. ..
Victaulic
Victaulic, a manufacturer of mechanical pipe joining solutions, unveiled a plan to build an additional manufacturing center in Lehigh Valley, PA. The 400,000- square-foot facility is expected to break ground later this year and be fully operational in 2019. ..
ExxonMobil Upstream Research Company
ExxonMobil Upstream Research Company signed a three-year joint development agreement with MagnaBond, to develop new technologies that could enhance evaluation of well cementing, casing and tubing. The agreement came about as part of as part of the Industry Technology Facilitator initiative to addres..
BiSN
BiSN, maker of metal-to-metal pipeline downhole sealing solutions, received a $1.8 million investment from the Aberdeen-based Oil & Gas Technology Centre (OGTC), the company said. BiSN is one of four companies to benefit from the organization’s “Call for Ideas” initiative, targeting plugging and aba..
MAXX North America Services USA
MAXX North America Services USA offers a range of Pipeline Integrity services, including inspection, tracking, and maintenance, to the upstream, midstream and downstream markets. MAXX, which originated in Canada, has been operating in the United States since 2013, with an office in Billings, Mont. M..
Fluor Corporation
Fluor Corporation was awarded a contract by Shell for the engineering, procurement and fabrication of Shell’s Penguins floating production storage and offloading (FPSO) vessel in the North Sea. Fluor booked the undisclosed contract value in the fourth quarter of 2017. The FPSO will have a production..
San Mateo Midstream
San Mateo Midstream announced a strategic relationship with a subsidiary of Plains All American Pipeline for gathering and transporting crude oil for upstream producers in Eddy County, NM. Subsidiaries of San Mateo and Plains will work together through a joint tariff arrangement and related transact..
Kinder Morgan
Kinder Morgan placed the Utopia Pipeline into service, and product delivery of ethane from Harrison County, Ohio, to Windsor, Ontario, Canada, has begun. The pipeline system extends 270 miles and has an initial capacity of 50,000 bpd, which can be expanded to more than 75,000 bpd. ..
R.S. Technical Services
R.S. Technical Services, a pipeline inspection technologies company acquired by Subsite Electronics in July has officially changed its name to Subsite. The company will have a new website and updated branding but everything else will remain unchanged, the company said. ..
NextDecade Corporation
NextDecade Corporation named current President Matthew K. Schatzman as its CEO. Schatzman replaced Kathleen M. Eisbrenner, who founded NextDecade in 2010 and will remain chairman of NextDecade’s Board of Directors. ..
National Petroleum Construction
National Petroleum Construction, a subsidiary of Senaat, awarded a $327 million engineering, procurement and construction contract from ONGC for five well platforms and associated pipelines to be constructed in the Ratna field off the west coast of India. ..
Con Edison of New York
Con Edison of New York, a subsidiary of Consolidated Edison, named Timothy P. Cawley president. Cawley replaces Craig Ivey, who retired after eight years as president of the company. Before being named president of Con Edison of New York, Cawley served as president and chief executive of Orange and ..
Quintana Energy Services
Houston-based oilfield servicer Quintana Energy Services plans to launch an initial public offering aiming to raise about $125 million. The offering consists of around 9.3 million shares each priced between $12 and $15. ..
AgileTek
Subsea engineering analysis consultancy AgileTek won the Small Company of the Year Award at the annual Subsea U.K. awards held recently in Aberdeen, Scotland. The category recognizes overall excellence in the subsea sector, based on the company’s development and impact, as well as plans for future g..
Sun Coast Resources
Sun Coast Resources, a wholesale petroleum marketer, has been named among Houston’s “Best And Brightest Companies To Work For,” the National Association for Business Resources (NABR). The honor is based on independent analysis of key measures, including compensation, benefits, retention, and diver..
ExxonMobil, Venezuela to Sell Chalmette Refinery
CHALMETTE, La. (AP) — ExxonMobil and its partner, the state-owned Petroleos de Venezuela, will sell the Chalmette oil refinery on Louisiana's Gulf Coast for $322 million to a New Jersey energy company. Multiple news outlets report Friday that PBF Energy Inc., based in Parsippany, NJ, and one of the largest independent oil refiners in North America, has agreed to purchase the 189,000 bpd refinery as well as interests in chemical facilities, pipelines and other assets at the site. About 530 ExxonMobil employees and 500 contractors work at the refinery.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
