More Oil & Gas News

TC PipeLines to acquire remaining interest in Bison Pipeline

TC PipeLines LP (TCPL) has agreed to acquire the remaining 30% interest in Bison Pipeline LLC from TransCanada Corp. for $215 million.

Lukoil Overseas appoints president

Lukoil Overseas Holding Ltd. has named Sergey Nikiforov as president. He previously served as senior vice-president for development and production.

MARKET WATCH: Crude oil futures dip on reported OPEC output level

Oil prices dropped steeply on the New York and London markets Sept. 30, which analysts largely attributed to a wire service story that the Organization of Petroleum Exporting Countries increased its output levels through higher production from Saudi Arabia and Libya.

FERC gives Dominion approval to build Cove Point LNG export project

The US Federal Energy Regulatory Commission gave Dominion Cove Point LNG LP authorization to build an LNG export facility on the Chesapeake Bay near Lusby, Md., east of Washington, DC.

Industry groups mixed as EPA releases 2013 GHG emissions inventory

Greenhouse gas emissions from more than 8,000 large US industrial sources totaled 3.18 billion tonnes of carbon dioxide equivalent in 2013, about half of total domestic GHG emissions, the US Environmental Protection Agency said in its fourth annual GHG inventory.

Oil & Gas UK report calls for greater collaboration offshore

The assurance of long-term future success for the UK’s offshore oil and gas industry will depend largely on greater collaboration among industry and government participants, according to Oil & Gas UK’s Economic Report 2014, released Sept. 30.

Edgo Energy gets two licenses in Tajikistan

Edgo Energy, Amman, has secured licenses to two blocks in Tajikistan near the border with Afghanistan.

PT Pertamina to acquire Malaysian assets for $2 billion

PT Pertamina Malaysia Eksplorasi Produksi has agreed to acquire 30% of the Malaysian oil and gas assets belonging to Murphy Sabah Oil Co. Ltd. and Murphy Sarawak Oil, both wholly owned subsidiaries of Murphy Oil Corp., for $2 billion in cash.

Statoil, Shell awarded shale license in Algeria

Algeria’s energy ministry has awarded Statoil ASA and Royal Dutch Shell PLC the 2,730-sq-km Timissit permit license in the Illizi-Ghadames basin in the southeast part of the country. The award is part of Algeria’s Fourth International Bid Round launched in January.

MARKET WATCH: NYMEX crude oil up more than $1/bbl

Crude oil prices rose more than $1/bbl on the New York market Sept. 29, and the premium of Brent crude over US light, sweet crude was less than $3/bbl as Brent for November delivery rose only modestly.

Chief operating officer named for American Energy units

American Energy Partners LP, Oklahoma City, has appointed John K. Reinhart as the chief operating officer of affiliates American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM).

MARKET WATCH: Crude oil, natural gas futures end week higher

The New York Mercantile Exchange November crude oil contract gained $1.01 on Sept. 26, closing at $93.54/bbl. The December gained 84¢ to $92.62/bbl.

EnLink Midstream to purchase Gulf Coast gas pipeline systems

A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC has agreed to acquire Gulf Coast natural gas pipeline assets, including the Bridgeline system predominantly residing in Southern Louisiana, from Chevron Pipe Line Co. and Chevron Midstream Pipelines LLC for $235 million. The transaction is expected to be completed in the fourth quarter.

Encana to acquire Athlon Energy in $7.1 billion deal

Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an all-cash tender offer of $5.93 billion. Encana also will assume Athlon’s $1.15 billion of senior notes, bringing the total transaction value to $7.1 billion.

Beneath Macondo's surface

While certainly not forgotten, the 2010 Macondo deepwater well blowout in the Gulf of Mexico seems safely in the past. The oil and gas industry responded with improved technology and procedures.

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