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Red Butte Pipe Line : Silver Creek Midstream launches open season

Red Butte Pipe Line : Silver Creek Midstream launches open season

Silver Creek Midstream has launched an open season for the Red Butte Pipe Line, a 495-mile crude oil pipeline system that transports oil produced from the Big Horn and Wind River Basins to Casper, Wyoming. The open season is for seeking shipper commitments for the refurbishment and overhaul of an 8km pipeline section between the Red Butte Gebo […]

Chesapeake Utilities completes acquisition natural gas supplier Elkton Gas

Chesapeake Utilities completes acquisition natural gas supplier Elkton Gas

Chesapeake Utilities, a US natural gas distribution and transmission company, has wrapped up its previously announced acquisition of Elkton Gas from energy services holding company South Jersey Industries for an undisclosed price. The deal, which was announced in December 2019, has been completed following the fulfillment of all closing conditions. Founded in 1863, Elkton Gas […]

Shell completes $541m sale of Appalachia shale gas asset to National Fuel Gas

Shell completes $541m sale of Appalachia shale gas asset to National Fuel Gas

Royal Dutch Shell said that one of its subsidiaries SWEPI has wrapped up the $541 million divestiture of its Appalachia shale gas asset to National Fuel Gas Company’s subsidiaries Seneca Resources Company and NFG Midstream Covington. The deal, which was announced in May 2020, includes the transfer of nearly 450,000 net leasehold acres in Pennsylvania, […]

ANR Pipeline System : TC Energy to go ahead with $400m horsepower replacement project

ANR Pipeline System : TC Energy to go ahead with $400m horsepower replacement project

TC Energy said that it will move ahead with the $400 million Elwood Power/ANR Horsepower Replacement Project pertaining to the company’s ANR Pipeline System, a natural gas pipeline network in the US. The project will involve the replacement, upgrade, and modernizations of certain facilities along a highly used portion of the ANR Pipeline System. Under […]

HSB Solomon acquires EnSys’ assets to boost advisory and benchmarking services

HSB Solomon acquires EnSys’ assets to boost advisory and benchmarking services

HSB Solomon Associates, a performance improvement company for the energy industry, has acquired energy software, data, and consulting company EnSys Energy’s World Oil Refining Logistics and Demand Model and databases for an undisclosed price. The Texas-based performance improvement company also purchased EnSys’ North American Logistics Review and Crude Flows Services. The company said that it […]

Schlumberger job cuts 2020 : US oilfield services company to slash 21,000 jobs

Schlumberger job cuts 2020 : US oilfield services company to slash 21,000 jobs

Schlumberger job cuts 2020 : US oilfield services company Schlumberger said that it is slashing more than 21,000 employees, or nearly one-fifth of its workforce, after taking a loss of $3.62 billion in the second quarter of 2020 owing to low oil demand caused by the coronavirus crisis. The company had allocated $1bn for severance […]

Chevron to acquire rival US oil and gas company Noble Energy for $5bn

Chevron to acquire rival US oil and gas company Noble Energy for $5bn

Chevron acquisition of Noble Energy : Chevron has signed all-stock deal worth $5 billion for acquiring rival US oil and gas company Noble Energy in a move to consolidate its position in the Eastern Mediterranean Sea. Including debt, the total consideration for the acquisition is $13 billion. Noble Energy is currently engaged in operating a […]

Halliburton, TechnipFMC launch Odassea subsea fiber optic service

Halliburton, TechnipFMC launch Odassea subsea fiber optic service

Oil field service companies Halliburton and TechnipFMC have introduced a distributed acoustic sensing solution for subsea wells called Odassea, which is said to help operators in executing intervention-less seismic imaging and reservoir diagnostics to bring down the total cost of ownership while enhancing reservoir knowledge. By integrating hardware and digital systems, the Odassea service is […]

Dominion Energy to sell gas transmission and storage business to Berkshire Hathaway

Dominion Energy to sell gas transmission and storage business to Berkshire Hathaway

Dominion Energy has agreed to offload almost all of its gas transmission and storage segment assets to Berkshire Hathaway Energy, an affiliate of Berkshire Hathaway, in a deal worth $9.7 billion, which includes the assumption of $5.7 billion of debt. The sale of the natural gas transmission and storage business is for establishing itself as […]

Atlantic Coast Pipeline project scrapped by Dominion Energy and Duke Energy

Atlantic Coast Pipeline project scrapped by Dominion Energy and Duke Energy

Dominion Energy and Duke Energy said that they have scrapped their $8 billion Atlantic Coast Pipeline project citing ongoing delays and increasing uncertainties in costs of the proposed 970km long natural gas pipeline project. According to the two US energy companies, the economic feasibility of the pipeline project has been threatened as a result. The […]

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