Latest Headlines

  1. Petrobras Announces TAG Sale Offer

    Rio de Janeiro, April 05, 2019 - Petróleo Brasileiro SA - Petrobras informs that, in the scope of the competitive sale process of 90% of Transportadora Associada de Gás SA ("TAG"), ENGIE group, jointly with the Canadian investment fund Caisse de Depot and Placement du Quebec ("CDPQ"), presented the best proposal, representing an Enterprise Value of R$ 35.1B for 100% of TAG, as of December 2017.

  2. U.S. Oil And Gas M&A Deal Values Crash In Q1 2019 Following 2018’s Four-Year Record High

    Drillinginfo, the leading energy SaaS and data analytics company, reported recently that U.S. oil and gas M&A deal values have plunged to a record 10-year low in the first quarter of 2019.

  3. Gazprom Neft Expands Oil Production In The Kurdistan Region Of Iraq

    Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI).

  4. Kendra II, LLC And De Nora Near Completion Of A Produced Water Recycling Facility To Service The Marcellus Shale

    Kendra II, LLC, a water transportation, management and disposal provider, and De Nora, a leading designer of safe, innovative, and sustainable water disinfection and oxidation, filtration and electrochlorination solutions, are nearing completion of a produced water recycling facility in the heart of the Marcellus Shale, in Pennsylvania. The facility is set to commence operations in late May 2019.

  5. Colorado Petroleum Council And Colorado Oil And Gas Association Respond To Final Passage Of Senate Bill 181

    Recently, the Colorado Senate passed Senate Bill 181, concurring with the amendments added by the Colorado House of Representatives. The bill now heads to Governor Polis for his signature.

  6. Orbital Gas Systems Introduces New Visually Integrated Remote Telemetry Unit (VIRTU) To The UK Market

    Orbital Gas Systems (“Orbital”), a wholly-owned Energy subsidiary of CUI Global, Inc., recently announced the commercialization of its new Visually Integrated Remote Telemetry Unit (VIRTU) in the UK.

  7. Stonepeak Infrastructure Partners To Acquire Oryx Midstream

    Affiliates of Quantum Energy Partners, Post Oak Energy Capital, Concho Resources, WPX Energy and other investors announced recently that they have entered into a binding agreement to sell substantially all of the assets of Oryx Southern Delaware Holdings LLC and Oryx Delaware Holdings LLC (collectively, “Oryx”) to funds managed by Stonepeak Infrastructure Partners (“Stonepeak”) for a cash purchase price of approximately $3.6B.

  8. ExxonMobil Invests In Singapore Integrated Complex To Upgrade Product Slate To Higher-Value Lube Base Stocks, Distillates

    ExxonMobil said recently that it has made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates.

  9. Larkton CM Creates A New Standard In Corrosion Rate Estimation And Materials Selection

    Larkton Ltd, a digital transformation, software design, and corrosion and materials engineering consultancy, has launched Larkton CM corrosion rate estimation and materials selection software.

  10. Pacific Drilling Selects Consus And Ivalua For Global Sourcing

    Consus Global, a leading procurement services provider and Ivalua, the leading global Spend Management Cloud provider, recently announced that Pacific Drilling, a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations.